Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Hellman
$980,000 Price
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 closet
- 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
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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 closet
- 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
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
Additional Features
- 6 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hellman, CA
-
Cassidy Tutt
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
178 Total Sales
1 in Hellman
$525,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
122 Total Sales
1 in Hellman
$697,920 Price
-
Dave Smith
Dave Smith
REMAX Professionals
(424) 373-7838
75 Total Sales
2 in Hellman
$375,000 Price Range
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in Hellman
$850,000 Price
-
Rory Cochrane
Rory Cochrane
West Shores Realty, Inc.
(424) 372-8596
5 Total Sales
2 in Hellman
$501,000 Price Range
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $18,541 | $1,394,394 | $903,568 | $490,826 |
| 2025 | $18,541 | $1,367,053 | $885,851 | $481,202 |
| 2024 | $17,745 | $1,340,249 | $868,482 | $471,767 |
| 2023 | $17,440 | $1,313,970 | $851,453 | $462,517 |
| 2022 | $16,373 | $1,288,207 | $834,758 | $453,449 |
| 2021 | $16,045 | $1,262,949 | $818,391 | $444,558 |
| 2020 | $16,005 | $1,250,280 | $810,000 | $440,280 |
| 2019 | $6,597 | $463,775 | $116,531 | $347,244 |
| 2018 | $6,338 | $454,688 | $114,247 | $340,441 |
| 2016 | $5,841 | $436,764 | $109,811 | $326,953 |
| 2015 | $5,620 | $430,204 | $108,162 | $322,042 |
| 2014 | $5,610 | $421,778 | $106,044 | $315,734 |
Source: Public Records
Agents Affiliated with this Home
-
Bud Mastropaolo
Seller's Agent in 2019
Bud Mastropaolo
eXp Realty of Southern Ca, Inc
(714) 655-6584
42 Total Sales
-
Cameron Samimi
Buyer's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
4 in this area
204 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19048379
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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