NOT LISTED FOR SALE
13 Beds
7 Baths
5,332 Sq Ft
9,093 Sq Ft Lot

Sale Details

Date Sold: June 25, 2014

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

4 Days on Market

Highlights

  • No HOA
  • Wood Fence
  • Back Yard

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 in unit
  • 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

9,093 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • 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 Rate: 4.00

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Bought by

Purchase Details

Listed on
May 8, 2014
Closed on
May 21, 2014
Sold by
Bought by
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Camille Jasmin
Keller Williams Palos Verdes
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%

Purchase Details

Closed on
Oct 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$785,000 North American Title Company
-- Fidelity National Title Oran
-- Fidelity National Title Oran
-- --
$294,978 Northern Counties Title Ins
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,672 $962,290 $386,140 $576,150
2024 $13,043 $943,422 $378,569 $564,853
2023 $12,819 $924,925 $371,147 $553,778
2022 $12,054 $906,790 $363,870 $542,920
2021 $11,788 $889,011 $356,736 $532,275
2019 $11,620 $862,645 $346,156 $516,489
2018 $11,239 $845,731 $339,369 $506,362
2016 $10,327 $812,892 $326,192 $486,700
2015 $9,925 $800,683 $321,293 $479,390
2014 $8,263 $642,905 $401,816 $241,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14095404

California Regional Multiple Listing Service (CRMLS)
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