R
Seller's Agent in 2020
Rossopher Thiers
The Agency
(626) 789-0159
23 Total Sales
1164 E Market St Long Beach, CA 90805
Lindbergh Neighborhood
28
Beds
14
Baths
9,528
Sq Ft
6,405
Sq Ft Lot
About This Home
As of August 2020Investors and 1031 exchange opportunity to purchase a freshly painted and well maintained 14 units property in a great rental neighborhood of Long Beach. 2 Buildings, 1164 E. Market 8 Units and 1170 E. Market St. 6 Units sold together. All Units are preferred and easy 2 Bed/ 1 Bath rental. HUGE UPSIDE, to come as many long term stable month to month tenants with all of them being BELOW MARKET RENT. Don't miss out this opportunity to own a non rent control multi-units.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 6,405 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 14 Car Garage
Home Design
- 9,528 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 28 Bedrooms
- 14 Bathrooms
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 13635
- Assessor Parcel Number 7130031010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 14 Units
Building Details
- 14 Leased Units
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $4,250
- Maintenance Expense $4,200
- Other Expense $16,680
- New Taxes Expense $29,450
- Operating Expense $58,180
- Gross Income $213,600
- Net Operating Income $149,012
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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 |
|---|---|---|---|---|
| 08/03/2020 08/03/20 | Sold | $2,950,000 | -5.6% | $310 / Sq Ft |
| 07/02/2020 07/02/20 | Pending | -- | -- | -- |
| 06/24/2020 06/24/20 | For Sale | $3,125,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $26,163 | $2,021,600 | $339,586 | $1,682,014 |
| 2024 | $26,163 | $1,981,962 | $332,928 | $1,649,034 |
| 2023 | $25,717 | $1,943,100 | $326,400 | $1,616,700 |
| 2022 | $24,142 | $1,905,000 | $320,000 | $1,585,000 |
| 2021 | $18,000 | $1,393,302 | $212,165 | $1,181,137 |
| 2019 | $17,743 | $1,353,177 | $205,873 | $1,147,304 |
| 2018 | $17,240 | $1,326,669 | $201,837 | $1,124,832 |
| 2016 | $10,571 | $816,700 | $326,679 | $490,021 |
| 2015 | $10,163 | $804,433 | $321,772 | $482,661 |
| 2014 | $10,126 | $788,676 | $315,469 | $473,207 |
Source: Public Records
Agents Affiliated with this Home
-
Rossopher Thiers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR20121488
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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