NOT LISTED FOR SALE

1114 E Harding St Long Beach, CA 90805

Houghton Park Neighborhood
13 Beds
7 Baths
5,332 Sq Ft
9,093 Sq Ft Lot

Last Sold June 25, 2014

Last sale price $785,000 $147 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Wood Fence
  • Back Yard
  • Laundry Room

About This Home

As of June 2014

Charming 6 unit apartment building located in a nice North Long Beach community in an area with predominantly single family homes. Building comprised of one 4 bedroom/2bath, 0ne 1 bedroom/1 bath, and four 2 bedroom/one bath, along with three garages. Our comparable market analysis indicates that ACTUAL RENTS ARE APPROXIMATELY 38% UNDER MARKET. The buildings are separately metered for both gas and electricity. This is an excellent opportunity to acquire a well maintained apartment building in a strong rental market. Rents are actual, expenses are estimated.

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182 Listed on: 05/08/2014

Last Buyer's Agent

Camille Jasmin

Keller Williams Palos Verdes License #01163896

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,093 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,332 Sq Ft Home
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 158
  • Assessor Parcel Number 7124007002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,845
  • Net Operating Income $47,092

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Other Phone Number: 562-437-3581
  • Price Per Unit: 129166
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7124007002
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 147.22

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9093.00
  • Lot Size Acres: 0.2090

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5845.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 70140.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9093.0000 Square Feet
  • Net Operating Income: 47092.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 21043.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 5815.00
  • Vacancy Allowance: 2805
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Lot: 158
  • Tax Tract Number: .
  • Tax Year: 2013

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2014 06/25/14 Sold $785,000 +1.3% $147 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $775,000 -- $145 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kurt Wood

    Seller's Agent in 2014

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    23 Total Sales

    Section Image
  • Camille Jasmin

    Buyer's Agent in 2014

    Camille Jasmin

    Keller Williams Palos Verdes

    (310) 714-1574

    12 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14095404

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90805 Houghton Park

1114 E Harding St, Long Beach, CA

This home is located at 1114 E Harding St, Long Beach, CA 90805 since 08 May 2014. This property was built in 1961. 1114 E Harding St is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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