NOT LISTED FOR SALE

116 Quincy Ave Long Beach, CA 90803

Belmont Shore Neighborhood
3 Beds
4 Baths
3,120 Sq Ft
3,145 Sq Ft Lot

Last Sold August 30, 2013

Last sale price $1,119,000 $359 Per Sq Ft

27 Days on Market

About This Home

As of August 2013

We 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

Kevin King

Marcus & Millichap License #01158184 Listed on: 07/17/2013

Last Buyer's Agent

Kevin King

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 3300.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 3696.00
  • Property Type: Residential Income
  • Parcel Number: 7256030008
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 358.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 461.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3145.00
  • Lot Size Acres: 0.0720

Multi Family

  • Gross Income: 5530.00
  • Gross Scheduled Income: 66360.00
  • Insurance Expense: 1850.00
  • Lot Size Area: 3145.0000 Square Feet
  • Maintenance Expense: 3900.00
  • Net Operating Income: 35674.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 28695.00
  • Other Expense: 1250.00
  • Other Expense Description: Misc&Res
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14238.00
  • Tax Lot: 6
  • Tax Tract Number: 3750
  • Tax Year: 2012

Range of Values:

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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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2013

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    3 in this area

    46 Total Sales

    Kevin King
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13140567

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Shore

116 Quincy Ave, Long Beach, CA

This home is located at 116 Quincy Ave, Long Beach, CA 90803 since 17 July 2013. This property was built in 1961. 116 Quincy Ave is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

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California Regional Multiple Listing Service (CRMLS) 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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