NOT LISTED FOR SALE
12 Beds
9 Baths
8,100 Sq Ft
6,208 Sq Ft Lot

Last Sold April 22, 2024

Last sale price $2,290,000 $283 Per Sq Ft

188 Days on Market

Highlights

  • New Construction
  • Property is near public transit
  • Central Heating and Cooling System
  • No Units Above
  • Laundry Room
  • 6 Car Garage

About This Home

As of April 2024

5 Bed 4 Bath Brand New Townhome available with 2 Car Garage (E/V charging) and gated entry. Includes central A/C / Heating, washer dryer room, includes all kitchen appliances. Electric vehicle Charging in garage. It has multiple large balconies, the first floor has a bedroom and bathroom as well. Pets are considered on a case by case basis.

Last Agent to Sell the Property

Matthew Wenzel

Marcus & Millichap Brokerage Phone: 714-875-2878 License #01198357 Listed on: 10/03/2023

Last Buyer's Agent

Matthew Wenzel

Marcus & Millichap Brokerage Phone: 714-875-2878 License #01198357 Listed on: 10/03/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,208 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall

Parking

  • 6 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 8,100 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 14098
  • Assessor Parcel Number 7115007037
  • $403 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • North Long Beach Subdivision

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $7,895
  • Maintenance Expense $7,500
  • Other Expense $2,250
  • Professional Management Expense $8,800
  • Trash Expense $1,500
  • Water Sewer Expense $3,000
  • New Taxes Expense $28,200
  • Operating Expense $60,645
  • Gross Income $221,304
  • Net Operating Income $154,020

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.57
  • Price Per Unit: 470000
  • Professional Management Expense: 8800.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 3000.00
  • Zoning: LBCCA
  • New Construction: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7115007037
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Stories: 3
  • Entry Location: Front/Rear
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 282.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6208.00
  • Lot Size Acres: 0.1425
  • Latitude Manual: 33.87481400

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 221304.00
  • Gross Multiplier: 10.74
  • Gross Operating Income: 212337.00
  • Gross Scheduled Income: 221304.00
  • Insurance Expense: 7895.00
  • Lot Size Area: 6208.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 154020.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 60645.00
  • Other Expense: 2250.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Expenses: 60645.00
  • Vacancy Allowance: 6639
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28200.00
  • Tax Census Tract: 5702.02
  • Tax Lot: 13
  • Tax Tract Number: 14098
  • TaxOtherAnnualAssessmentAmount: 403.00

Range of Values:

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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
11/18/2024 11/18/24 Off Market $3,999 -- --
11/07/2024 11/07/24 Price Changed $3,999 -5.9% $2 / Sq Ft
11/06/2024 11/06/24 Price Changed $4,249 -5.5% $2 / Sq Ft
11/04/2024 11/04/24 For Rent $4,495 0.0% --
04/22/2024 04/22/24 Sold $2,290,000 -2.6% $283 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/13/2024 03/13/24 Price Changed $2,350,000 -9.6% $290 / Sq Ft
01/30/2024 01/30/24 Price Changed $2,600,000 -5.5% $321 / Sq Ft
11/24/2023 11/24/23 Price Changed $2,750,000 -5.2% $340 / Sq Ft
10/03/2023 10/03/23 For Sale $2,900,000 +866.7% $358 / Sq Ft
09/27/2021 09/27/21 Sold $300,000 0.0% --
03/10/2021 03/10/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $300,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23184728

California Regional Multiple Listing Service (CRMLS)