Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
42 Total Sales
1125 E Carson St Long Beach, CA 90807
Bixby Knolls Neighborhood
3
Beds
2
Baths
6,937
Sq Ft
9,006
Sq Ft Lot
Highlights
- Park
- Laundry Room
- Bike Trail
- Longfellow Elementary School Rated A-
- 5 Car Garage
About This Home
As of June 2021is pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1948, the subject property consists of 6,937 rentable square feet spread throughout a 9,006 square foot lot. There is four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. It has a pitched roof and contains five garages. Owners enjoy the high demand for rentals in a coastal city of Southern California.
Tenants enjoy living in proximity to Bixby Knolls where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments started in 2018 and more expected this year. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 02/09/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 9,006 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 5 Car Garage
- Parking Available
Home Design
- 6,937 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 92
- Tax Tract Number 13289
- Assessor Parcel Number 7138012029
Community Details
Recreation
- Park
- Bike Trail
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $2,405
- Insurance Expense $3,750
- Professional Management Expense $7,444
- Water Sewer Expense $2,000
- New Taxes Expense $29,938
- Operating Expense $53,987
- Gross Income $149,002
- Net Operating Income $95,015
Additional Features
- 8 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2021 06/16/21 | Sold | $2,350,000 | -1.9% | $339 / Sq Ft |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- |
| 02/09/2021 02/09/21 | For Sale | $2,395,000 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,159 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21027154
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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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