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

Sale Details

Date 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
  • 6 Car Garage
  • No Units Above
  • Central Heating and Cooling System

About This Home

As of April 2024

5 Bed 4 Bath Brand New Townhome available with 2 Car Carport (EV charging) and gated entry. Includes central A/C / Heating, separate private washer dryer room on first level, includes all kitchen appliances. Electric vehicle Charging. 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 in unit
  • 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

6,208 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 6.57
  • 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
  • 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 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

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

Listed on
Oct 3, 2023
Closed on
Apr 15, 2024
Sold by
Bought by
Seller's Agent
Matthew Wenzel
Marcus & Millichap
Buyer's Agent
Matthew Wenzel
Marcus & Millichap
List Price
$2,900,000
Sold Price
$2,290,000
Premium/Discount to List
-$610,000
-21.03%
Views
100

Purchase Details

Closed on
Jan 23, 2021
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2013
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
$2,290,000 First American Title Company
$300,000 First American Title Company O
$115,000 Ticor Title Company Of Ca
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,623,000
Previous Owner $1,900,000
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 Prior Sale
07/21/2026 07/21/26 Off Market $3,999 -- --
06/20/2026 06/20/26 Price Changed $3,999 -4.8% $2 / Sq Ft
06/02/2026 06/02/26 Price Changed $4,199 0.0% $2 / Sq Ft
06/02/2026 06/02/26 For Rent $4,199 +5.0% --
04/05/2026 04/05/26 Off Market $3,999 -- --
03/21/2026 03/21/26 Price Changed $3,999 +6.7% $2 / Sq Ft
03/16/2026 03/16/26 Price Changed $3,749 -6.3% $2 / Sq Ft
03/09/2026 03/09/26 Price Changed $3,999 -4.8% $2 / Sq Ft
03/06/2026 03/06/26 Price Changed $4,199 0.0% $2 / Sq Ft
03/06/2026 03/06/26 For Rent $4,199 +5.0% --
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% -- View Prior Sale
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

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 $32,106 $2,335,800 $408,000 $1,927,800
2024 $4,354 $312,120 $312,120
2023 $4,273 $306,000 $306,000 $0
2022 $3,970 $300,000 $300,000 $0
2021 $1,954 $130,234 $130,234 $0
2020 $1,933 $128,899 $128,899 $0
2019 $1,917 $126,372 $126,372 $0
2018 $1,868 $123,895 $123,895 $0
2016 $1,888 $119,085 $119,085 $0
2015 $1,831 $117,297 $117,297 $0
2014 $959 $39,056 $39,056 $0
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23184728

California Regional Multiple Listing Service (CRMLS)
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