NOT LISTED FOR SALE
1 Bed
1 Bath
3,791 Sq Ft
8,506 Sq Ft Lot

Sale Details

Date Sold: August 17, 2020

Last sale price $1,245,000 $328 Per Sq Ft

100 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Park
  • 4 Car Garage
  • Living Room
  • Forced Air Heating System

About This Home

As of August 2020

-Nearly 20% Upside in Rents
-4 Garages
-Located Near the New Long Beach Exchange Retail Center
-$85,000 Invested in Improvements Since 2018
-New Roof, Exterior Paint & New Landscaping

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/18/2020

Last Buyer's Agent

Chuck Brewer

HomeSmart Realty Group License #01939550

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,506 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Apartment

Interior Spaces

  • 3,791 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 102 / H
  • Tax Tract Number 5464
  • Assessor Parcel Number 7128011019

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $946
  • Gardener Expense $1,200
  • Insurance Expense $1,137
  • Maintenance Expense $6,644
  • Other Expense $1,097
  • Pest Control $600
  • Professional Management Expense $2,400
  • Supplies Expense $500
  • Trash Expense $946
  • Water Sewer Expense $946
  • New Taxes Expense $15,064
  • Operating Expense $31,481
  • Gross Income $94,920
  • Net Operating Income $60,592

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

8,506 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Subdivision Name Other: Harte
  • Supplies Expense: 500.00
  • Water Sewer Expenses: 946.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7128011019
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 328.41
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 946.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8506.00
  • Lot Size Acres: 0.1953

Multi Family

  • Average1 Bed Area: 630 Square Feet
  • Electric Expense: 946.00
  • Gross Income: 94920.00
  • Gross Multiplier: 13.12
  • Gross Operating Income: 92072.00
  • Gross Scheduled Income: 94920.00
  • Gross Spendable Income: 25732.00
  • Insurance Expense: 1137.00
  • Laundry Income: 1200.00
  • Lot Size Area: 8506.0000 Square Feet
  • Maintenance Expense: 6644.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 60592.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 31480.00
  • Operating Expense Percent: 33.20
  • Other Expense: 1097.00
  • Other Expense Description: Assess.
  • Rent Control: No
  • Total Expenses: 31481.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15064.00
  • Tax Block: H
  • Tax Census Tract: 5706.02
  • Tax Lot: 102
  • Tax Tract Number: 5464
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2020 08/17/20 Sold $1,245,000 +3.8% $328 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $1,200,000 +26.3% $317 / Sq Ft
10/04/2018 10/04/18 Sold $950,000 +6.1% $251 / Sq Ft View Prior Sale
08/07/2018 08/07/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $895,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,417 $1,347,626 $541,216 $806,410
2024 $17,628 $1,321,203 $530,604 $790,599
2023 $17,327 $1,295,298 $520,200 $775,098
2022 $16,274 $1,269,900 $510,000 $759,900
2021 $15,941 $1,245,000 $500,000 $745,000
2020 $14,577 $1,122,000 $433,500 $688,500
2019 $14,407 $1,100,000 $425,000 $675,000
2018 $4,519 $296,535 $88,950 $207,585
2017 $4,470 $290,721 $87,206 $203,515
2016 $4,156 $285,022 $85,497 $199,525
2015 $4,008 $280,741 $84,213 $196,528
2014 $4,015 $275,243 $82,564 $192,679
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20035722

California Regional Multiple Listing Service (CRMLS)
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