Seller's Agent in 2013
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
39 Total Sales
116 Quincy Ave Long Beach, CA 90803
Belmont Shore Neighborhood
3
Beds
4
Baths
3,120
Sq Ft
3,145
Sq Ft Lot
About This Home
As of August 2013We are proud to offer a well-maintained, attractive apartment building located in heart of the Belmont Shore community in the city of Long Beach. The subject property is located just minutes from the beach and bay and situated within close proximity to 2nd Street where numerous restaurants and shopping centers are located. The location attracts a strong renter pool who values the beach city life style. Built in 1961, the subject property has 3,120 rentable square feet, with a lot size of 3,145 square feet. The unit mix consists of two studio/one-bath units, one one-bedroom/one-bath unit, and two two-bedroom/one bath units. This is an extraordinary opportunity for an investor to acquire a quality asset in a prime location with true rental upside and stable return.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 07/17/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 3,145 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- 3,120 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 3750
- Assessor Parcel Number 7256030008
Community Details
Overview
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,850
- Maintenance Expense $3,900
- Other Expense $1,250
- Professional Management Expense $3,300
- Trash Expense $461
- Water Sewer Expense $3,696
- New Taxes Expense $14,238
- Gross Income $5,530
- Net Operating Income $35,674
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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 |
|---|---|---|---|---|
| 08/30/2013 08/30/13 | Sold | $1,119,000 | -1.8% | $359 / Sq Ft |
| 08/13/2013 08/13/13 | Pending | -- | -- | -- |
| 07/17/2013 07/17/13 | For Sale | $1,139,000 | -- | $365 / 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 | $17,602 | $1,371,731 | $858,100 | $513,631 |
| 2024 | $17,602 | $1,344,835 | $841,275 | $503,560 |
| 2023 | $17,301 | $1,318,467 | $824,780 | $493,687 |
| 2022 | $16,236 | $1,292,615 | $808,608 | $484,007 |
| 2021 | $15,912 | $1,267,270 | $792,753 | $474,517 |
| 2019 | $15,684 | $1,230,685 | $769,241 | $461,444 |
| 2018 | $15,291 | $1,206,574 | $754,158 | $452,416 |
| 2016 | $14,076 | $1,158,762 | $724,874 | $433,888 |
| 2015 | $13,508 | $1,141,357 | $713,986 | $427,371 |
| 2014 | $13,420 | $1,119,000 | $700,000 | $419,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW13140567
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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