NOT LISTED FOR SALE

1123 E Hellman St Long Beach, CA 90813

Hellman Neighborhood
6 Beds
3 Baths
5,421 Sq Ft
5,282 Sq Ft Lot

Last Sold January 15, 2014

Last sale price $925,000 $171 Per Sq Ft

31 Days on Market

About This Home

As of January 2014

Clean, Well Maintained 7 unit building. All 2-Bdrms. Excellent Rental Area Only 8 Blocks from the Beach! NO RENT CONTROL. All Units Have Been Upgraded. Freshly Painted Exterior. No Deferred Maintenance. Quiet Tenants. Perfect 1031 Upleg Property. Shows Well. Please Do Not Talk To Tenants.

Last Agent to Sell the Property

Cris Molles

The Realestate Group License #01345419 Listed on: 10/12/2013

The Realestate Group

Last Buyer's Agent

Ivan Campana

IC PROPERTY License #00877180

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,282 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,421 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 017
  • Tax Tract Number 7267
  • Assessor Parcel Number 7267024017

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Gardener Expense $900
  • Insurance Expense $2,700
  • Maintenance Expense $1,957
  • Pest Control $540
  • Water Sewer Expense $7,035
  • New Taxes Expense $10,867
  • Gross Income $8,165
  • Net Operating Income $66,446

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.20
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 7035.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7267024017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5282.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 8165.00
  • Gross Multiplier: 9.65
  • Gross Scheduled Income: 97860.00
  • Insurance Expense: 2700.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5282.0000 Square Feet
  • Maintenance Expense: 1957.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 66446.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Operating Expense: 28478.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 7695.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10867.00
  • Tax Lot: 017
  • Tax Tract Number: 7267
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $925,000 -2.1% $171 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/12/2013 10/12/13 For Sale $945,000 -- $174 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cris Molles

    The Realestate Group

    (310) 540-0072

    4 Total Sales

    Cris Molles
    Section Image

  • I

    Buyer's Agent in 2014

    Ivan Campana

    IC PROPERTY

    (626) 293-8849

    Ivan Campana
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13210006

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Hellman

1123 E Hellman St, Long Beach, CA

Not Listed for Sale

MultiFamily

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