Behn Borhani
Keller Williams Realty Irvine
(949) 570-5251
43 Total Sales
2 in Bixby Knolls
$1,615,000 Price Range
1117 E Carson St Long Beach, CA 90807
Bixby Knolls Neighborhood
3
Beds
2
Baths
6,937
Sq Ft
9,148
Sq Ft Lot
Highlights
- Lawn
- Longfellow Elementary School Rated A-
- Laundry Facilities
About This Home
As of January 20231117 East Carson Street is an 8-unit multifamily investment property located in Long Beach, California. 1117 East Carson Street offers an attractive mix of one and two-bedroom floor plans with amenities including a private lounge area for tenants, a quite central courtyard, on-site laundry, screen doors, dual-pane windows, and garage parking. This extremely well-maintained opportunity has recently underwent substantial renovations to its major systems that include a newer roof (2019), newer windows, electrical meters, gas meters, and in-unit plumbing (as needed). Majority of the units have been upgraded over the years and feature remodeled kitchens and bathrooms. Select units have newer wood flooring. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 1117 East Carson Street represents an attractive value-add opportunity for a new owner. 1117 East Carson Street is situated in the desirable Bixby Knolls neighborhood of Long Beach, which primarily features single-family homes. Residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the recently constructed Long Beach Exchange just 1.85 miles away. Additionally, the property benefits from its location just over 1.25 miles north of Interstate 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 09/28/2022
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 09/28/2022
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Property Details
Home Type
- Apartment
Year Built
- Built in 1948
Lot Details
- 9,148 Sq Ft Lot
- No Common Walls
- Lawn
Parking
- 5 Car Garage
Interior Spaces
- 6,937 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 91
- Tax Tract Number 13289
- Assessor Parcel Number 7138012028
- $1,516 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,100
- Fuel Expense $1,100
- Insurance Expense $2,671
- Maintenance Expense $6,000
- Other Expense $8,516
- Professional Management Expense $7,233
- Trash Expense $1,100
- Water Sewer Expense $1,100
- New Taxes Expense $29,777
- Operating Expense $58,597
- Gross Income $149,090
- Net Operating Income $86,065
Additional Features
- 8 Units
- Laundry Facilities
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
Nov 9, 2022
Sold by
Bought by
Purchase Details
Closed on
Jun 4, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 5, 2001
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bixby Knolls, CA
-
Behn Borhani
-
Robert Vanbeveran
Robert Vanbeveran
Elite Homes Realty
(657) 256-5962
7 Total Sales
2 in Bixby Knolls
$949,000 Price Range
-
Erin Barry
Erin Barry
Seven Gables Real Estate
(424) 688-7302
26 Total Sales
1 in Bixby Knolls
$990,000 Price
-
Adrian Riehle
Adrian Riehle
Fathom Realty Group, Inc.
(657) 377-2589
16 Total Sales
1 in Bixby Knolls
$790,000 Price
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Bixby Knolls
$1,005,000 Price
-
Connie Wildasinn
Connie Wildasinn
WGroup Realtors
(424) 368-9353
22 Total Sales
3 in Bixby Knolls
$780K - $1.3M Price Range
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 |
|---|---|---|---|
| $2,400,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | -- |
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 |
|---|---|---|---|---|
| 01/24/2023 01/24/23 | Sold | $2,400,000 | -4.0% | $346 / Sq Ft |
| 11/11/2022 11/11/22 | Pending | -- | -- | -- |
| 09/28/2022 09/28/22 | For Sale | $2,500,000 | -- | $360 / 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 | $33,541 | $2,496,960 | $1,664,640 | $832,320 |
| 2024 | $32,066 | $2,448,000 | $1,632,000 | $816,000 |
| 2023 | $17,056 | $1,237,163 | $494,864 | $742,299 |
| 2022 | $16,034 | $1,212,906 | $485,161 | $727,745 |
| 2021 | $15,679 | $1,189,125 | $475,649 | $713,476 |
| 2019 | $15,455 | $1,153,857 | $461,542 | $692,315 |
| 2018 | $14,991 | $1,131,234 | $452,493 | $678,741 |
| 2016 | $13,773 | $1,087,309 | $434,923 | $652,386 |
| 2015 | $13,235 | $1,070,978 | $428,391 | $642,587 |
| 2014 | $13,173 | $1,050,000 | $420,000 | $630,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
171 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22211290
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.
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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