Seller's Agent in 2014
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
1 in this area
140 Total Sales
1141 Pine Ave Long Beach, CA 90813
Saint Mary's Neighborhood
--
Bed
10
Baths
8,424
Sq Ft
6,011
Sq Ft Lot
About This Home
As of November 2014This 15 Unit mixed use investment property consists of 13 residential units and 2 commercial units. The building is separately metered for gas and electric, has approximately 8,424 rentable Sq. Ft. and situated on a 6,002 Sq. Ft. Lot. This property is located in the great rental market of Long Beach and provides a significant cash-on-cash return from day 1! This deal also has great assumable financing at 3.5% fixed through July of 2018 (assumption is not required to purchase the property). This opportunity will not last long!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 06/30/2014
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 06/30/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,002 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- 8,424 Sq Ft Home
- Property Attached
Additional Features
- 10 Bathrooms
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 182
- Assessor Parcel Number 7273005008
Community Details
Overview
- 15 Units
- Alamitos Beach Subdivision
Building Details
- 15 Leased Units
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $12,000
- Gardener Expense $600
- Insurance Expense $3,370
- Maintenance Expense $7,175
- Pest Control $600
- Professional Management Expense $7,175
- New Taxes Expense $17,188
- Operating Expense $49,517
- Gross Income $12,133
- Net Operating Income $88,800
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/26/2014 11/26/14 | Sold | $1,310,000 | -4.7% | $156 / Sq Ft | |
| 08/26/2014 08/26/14 | Pending | -- | -- | -- | |
| 06/30/2014 06/30/14 | For Sale | $1,375,000 | +14.1% | $163 / Sq Ft | |
| 07/26/2013 07/26/13 | Sold | $1,205,000 | +4.8% | $143 / Sq Ft | View Prior Sale |
| 04/15/2013 04/15/13 | Pending | -- | -- | -- | |
| 03/25/2013 03/25/13 | For Sale | $1,150,000 | -- | $137 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $21,749 | $1,574,414 | $487,945 | $1,086,469 |
| 2024 | $21,749 | $1,543,544 | $478,378 | $1,065,166 |
| 2023 | $21,355 | $1,513,280 | $468,999 | $1,044,281 |
| 2022 | $20,077 | $1,483,608 | $459,803 | $1,023,805 |
| 2021 | $19,614 | $1,454,519 | $450,788 | $1,003,731 |
| 2019 | $19,331 | $1,411,378 | $437,418 | $973,960 |
| 2018 | $18,833 | $1,383,705 | $428,842 | $954,863 |
| 2016 | $17,326 | $1,329,977 | $412,191 | $917,786 |
| 2015 | $15,748 | $1,229,075 | $382,492 | $846,583 |
| 2014 | -- | $1,205,000 | $375,000 | $830,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
-
Woody Stahl
Seller Co-Listing Agent in 2014
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
151 Total Sales
-
Brian Shanedling
B
Seller's Agent in 2013
Brian Shanedling
Long Beach Property Management
(562) 735-3064
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14137277
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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