NOT LISTED FOR SALE

115 E 12th St Long Beach, CA 90813

Saint Mary's Neighborhood
6 Beds
5 Baths
5,126 Sq Ft
5,132 Sq Ft Lot

Last Sold October 16, 2014

Last sale price $625,000 $122 Per Sq Ft

154 Days on Market

Highlights

  • Gated Parking
  • 3-minute walk to Anaheim Station
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • Dual Staircase
  • Spanish Architecture

About This Home

As of October 2014

I am proud to offer a well-maintained 4 unit building located at 115 E. 12th Street. The property is three blocks South of Anaheim Street and one block East of Pine Avenue, in the city of Long Beach. The property is a two story walk-up style building consisting of 4 one bedroom/one bathroom units and 1 two bedroom/ two bath and 1 two bedroom/ one bathroom. The property is currently operating as a 6 unit property with 2 nonconforming units. The wood frame, painted stucco building offers 5126 rentable square feet and was constructed in 1921, and includes one enclosed garage. The property is mastered metered for gas and electricity. With close proximity to numerous restaurants shopping, and transportation thus making this acquisition a perfect addition to any investors portfolio.

Last Agent to Sell the Property

Ryan Rayburn

Marcus & Millichap License #01496522 Listed on: 03/26/2014

Last Buyer's Agent

Ryan Rayburn

Marcus & Millichap License #01496522 Listed on: 03/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,132 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Side Facing Garage
  • Gated Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof
  • Flat Tile Roof
  • Wood Siding

Interior Spaces

  • 5,126 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Window Bars
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Balcony

Listing and Financial Details

  • Legal Lot and Block 182 / A
  • Assessor Parcel Number 7273004030

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,794
  • Maintenance Expense $2,400
  • Supplies Expense $860
  • Trash Expense $4,000
  • New Taxes Expense $7,875
  • Gross Income $6,040
  • Net Operating Income $51,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • CapRate: 7.42
  • Property Attached: Yes
  • Security: Window Bars
  • Subdivision Name Other: Downtown (DT)
  • Supplies Expense: 860.00
  • Zoning: LBPD29
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7273004030
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 121.93

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Flat Tile, Flat
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Gated, Garage Faces Side
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Refrigerator
  • Laundry Features: Common Area
  • Trash Expense: 4000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5132.00
  • Lot Size Acres: 0.1180

Multi Family

  • Gross Income: 6040.00
  • Gross Multiplier: 9.66
  • Gross Scheduled Income: 72480.00
  • Insurance Expense: 1794.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5132.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 51927.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 6
  • Number With Patio: 1
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 16929.00
  • Other Income Description: Laundry Income
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7875.00
  • Tax Block: A
  • Tax Lot: 182

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2014 10/16/14 Sold $625,000 -10.7% $122 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $700,000 -- $137 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ryan Rayburn

    Marcus & Millichap

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14062055

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Saint Mary's

115 E 12th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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