Seller's Agent in 2018
Kevin King
Marcus & Millichap
(562) 257-1245
42 Total Sales
1145 E 1st St Long Beach, CA 90802
Alamitos Beach Neighborhood
10
Beds
8
Baths
7,171
Sq Ft
8,232
Sq Ft Lot
Highlights
- 8,232 Sq Ft lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of May 2018We are pleased to present an 11-unit apartment building located in Long Beach, California. The subject property is located in Alamitos Beach just blocks from the ocean and has a desirable unit mix consisting of (10) one-bedroom / one-bathroom units and (1) three-bedroom / one-bathroom unit. Built in 1955, the subject property consists of 7,171 rentable square feet on a lot size of 8,246 square feet. It is separately metered for gas and electricity, keeping expenses to a minimum.
This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. Tenants enjoy convenient access to shopping, dining, entertainment and employment. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 03/21/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 8,232 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 7,171 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 576601
- Assessor Parcel Number 7265010017
Community Details
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $699
- Fuel Expense $699
- Gardener Expense $1,200
- Insurance Expense $4,350
- Maintenance Expense $8,299
- Other Expense $2,200
- Professional Management Expense $9,750
- Trash Expense $699
- Water Sewer Expense $699
- New Taxes Expense $33,750
- Operating Expense $62,345
- Gross Income $170,403
- Net Operating Income $108,058
Additional Features
- 11 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 |
|---|---|---|---|---|
| 05/16/2018 05/16/18 | Sold | $2,700,000 | 0.0% | $377 / Sq Ft |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- |
| 03/21/2018 03/21/18 | For Sale | $2,700,000 | -- | $377 / 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 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
6,182 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18065312
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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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