Seller's Agent in 2019
Bud Mastropaolo
eXp Realty of Southern Ca, Inc
(714) 655-6584
50 Total Sales
1130 E Hellman St Unit A Long Beach, CA 90813
Hellman Neighborhood
1
Bed
1
Bath
2,640
Sq Ft
5,920
Sq Ft Lot
Highlights
- Laundry Room
- Wall Furnace
- 2-minute walk to Craftsman Village Park
- Long Beach Polytechnic High School Rated A
- Front Yard
About This Home
As of November 2019This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12 month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses and freeways. Please do not disturb tenants. Contact agent for showings. Thank you!
Last Agent to Sell the Property
eXp Realty of Southern Ca, Inc License #01976149 Listed on: 03/13/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 5,920 Sq Ft Lot
- 1 Common Wall
- Front Yard
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- 2,640 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Outdoor Features
- Rain Gutters
Utilities
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 5
- Tax Tract Number 1
- Assessor Parcel Number 7266003006
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $1,200
- Insurance Expense $2,750
- Other Expense $1,200
- Trash Expense $1,400
- Water Sewer Expense $1,400
- New Taxes Expense $16,820
- Operating Expense $27,670
- Gross Income $106,800
- Net Operating Income $74,275
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/28/2019 11/28/19 | Sold | $1,250,000 | 0.0% | $473 / Sq Ft |
| 07/31/2019 07/31/19 | Price Changed | $1,250,000 | -2.0% | $473 / Sq Ft |
| 07/09/2019 07/09/19 | Price Changed | $1,275,000 | -1.5% | $483 / Sq Ft |
| 05/30/2019 05/30/19 | Price Changed | $1,295,000 | -7.2% | $491 / Sq Ft |
| 04/16/2019 04/16/19 | Price Changed | $1,395,000 | -3.8% | $528 / Sq Ft |
| 03/13/2019 03/13/19 | For Sale | $1,450,000 | -- | $549 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Bud Mastropaolo
-
Cameron Samimi
Buyer's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
4 in this area
188 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19048379
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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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