J
Seller's Agent in 2020
Jeff Warren
Redfin Corporation
1202 Mahanna Ave Long Beach, CA 90813
Cambodia Town Neighborhood
6
Beds
6
Baths
4,000
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Midcentury Modern Architecture
- 4 Car Garage
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 1-minute walk to Douglas Macarthur Park
About This Home
As of November 2020Back On The Market! Perfect Mid-Century Modern Revival Income Property That Is 100% Occupied & Loaded With Potential!
3D Matterport: https://my.matterport.com/show/?m=ZY9zjE1ZRuy&brand=0
Turnkey six unit complex in the heart of a dense rental population in downtown Long Beach, CA. Unit rent is setting the new standard in 90813. The newly renovated building consists of six spacious units, with each unit comprised of over 665 square feet in total space. The property consists of a double lot - totaling close to 12,000 square feet, creating a phenomenal asset at a time when the area close to the water is becoming extremely rare to come by. The larger lot creates an expansive space in the back of the property, where there is room enough for seven uncovered parking spots in total. Each unit is similar in design and quality, creating an ease in finding potential renters to fill the building at all times. Every unit has side by side laundry located in the unit. Vinyl flooring throughout each unit. The kitchen in each unit is equipped with new quartz countertops and shaker cabinets. Each unit has canned lighting in the ceiling, and walls and windows are in perfect condition. In addition to the uncovered spots, there is a 2 car garage on the property that could be rented out for $300 per month, as well as two one car garages that could be rented out for an additional $150 per garage. Located in a strong rental market capable of capturing a huge potential upside in rents.
Last Agent to Sell the Property
Jeff Warren
Redfin Corporation License #02040656 Listed on: 05/29/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947 | Remodeled
Lot Details
- 0.28 Acre Lot
- No Common Walls
- Wood Fence
- Front Yard
Parking
- 4 Car Garage
- 7 Open Parking Spaces
- Parking Available
- Two Garage Doors
- Garage Door Opener
- Assigned Parking
Home Design
- Midcentury Modern Architecture
- Turnkey
Interior Spaces
- 4,000 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
Kitchen
- Microwave
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5 / B
- Tax Tract Number 5764
- Assessor Parcel Number 7267002018
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,200
- Professional Management Expense $2,040
- Trash Expense $500
- Water Sewer Expense $1,600
- New Taxes Expense $14,484
- Operating Expense $23,904
- Gross Income $119,124
- Net Operating Income $95,220
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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 | Prior Sale |
|---|---|---|---|---|---|
| 11/29/2024 11/29/24 | Off Market | $2,050 | -- | -- | |
| 07/10/2024 07/10/24 | Price Changed | $2,050 | -2.4% | $2 / Sq Ft | |
| 03/18/2024 03/18/24 | Price Changed | $2,100 | +13.5% | $2 / Sq Ft | |
| 03/16/2024 03/16/24 | For Rent | $1,850 | 0.0% | -- | |
| 12/09/2022 12/09/22 | Price Changed | $1,850 | +8.8% | $2 / Sq Ft | |
| 12/08/2022 12/08/22 | For Rent | $1,700 | 0.0% | -- | |
| 11/02/2020 11/02/20 | Sold | $1,675,000 | -1.4% | $419 / Sq Ft | |
| 08/17/2020 08/17/20 | Pending | -- | -- | -- | |
| 06/09/2020 06/09/20 | For Sale | $1,698,000 | +1.4% | $425 / Sq Ft | |
| 06/03/2020 06/03/20 | Off Market | $1,675,000 | -- | -- | |
| 05/29/2020 05/29/20 | For Sale | $1,698,000 | +40.7% | $425 / Sq Ft | |
| 07/23/2019 07/23/19 | Sold | $1,207,000 | -3.4% | $302 / Sq Ft | View Prior Sale |
| 06/20/2019 06/20/19 | For Sale | $1,249,000 | -- | $312 / 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 | $23,661 | $1,813,072 | $1,179,850 | $633,222 |
| 2024 | $23,661 | $1,777,522 | $1,156,716 | $620,806 |
| 2023 | $23,258 | $1,742,670 | $1,134,036 | $608,634 |
| 2022 | $21,843 | $1,708,500 | $1,111,800 | $596,700 |
| 2021 | $21,406 | $1,675,000 | $1,090,000 | $585,000 |
| 2019 | $13,018 | $957,168 | $665,856 | $291,312 |
| 2018 | $12,494 | $938,400 | $652,800 | $285,600 |
| 2016 | $6,924 | $505,631 | $288,246 | $217,385 |
| 2015 | $6,666 | $498,037 | $283,917 | $214,120 |
| 2014 | $6,650 | $488,282 | $278,356 | $209,926 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Warren
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
6,302 Total Sales
-
Jason Kirklen
Seller's Agent in 2019
Jason Kirklen
Kirklen Investment Group
(949) 942-1302
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20103272
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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