Seller's Agent in 2016
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
30 Total Sales
1208 Daisy Ave Long Beach, CA 90813
Willmore Neighborhood
10
Beds
10
Baths
5,036
Sq Ft
7,423
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Laundry Room
- Wall Furnace
About This Home
As of January 2016The subject property consists of 10 single/one-bath units with full kitchens and two, one-bedroom/one-bath units. This investment presents a stable, low expense, turn-key opportunity with a 6% Cap Rate on the current income. The building was recently extensively renovated and upgraded. Some of the upgrades include but are not limited to: new cabinetry, new Pex plumbing, new countertops, new fixtures, new windows, new bathrooms, new appliances, and new floors. There is also an on-site laundry room for tenants convenience.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 11/06/2015
Last Buyer's Agent
Marcus & Millichap RE Invest License #01365951 Listed on: 11/06/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,423 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Home Design
- 5,036 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Additional Features
- Gas Range
- Laundry Room
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 10
- Assessor Parcel Number 7272003006
Community Details
Building Details
- 12 Leased Units
- 13 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $500
- Insurance Expense $2,700
- Maintenance Expense $5,500
- Supplies Expense $2,100
- Trash Expense $2,000
- Water Sewer Expense $3,500
- New Taxes Expense $16,500
- Gross Income $10,200
- Net Operating Income $84,000
Additional Features
- 12 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 01/25/2016 01/25/16 | Sold | $1,370,000 | -1.8% | $272 / Sq Ft |
| 11/30/2015 11/30/15 | Pending | -- | -- | -- |
| 11/06/2015 11/06/15 | For Sale | $1,395,000 | -- | $277 / 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 | $23,130 | $1,732,731 | $1,115,517 | $617,214 |
| 2024 | $23,130 | $1,698,757 | $1,093,645 | $605,112 |
| 2023 | $22,720 | $1,665,449 | $1,072,201 | $593,248 |
| 2022 | $21,342 | $1,632,794 | $1,051,178 | $581,616 |
| 2021 | $20,890 | $1,600,779 | $1,030,567 | $570,212 |
| 2019 | $20,309 | $1,530,000 | $1,071,000 | $459,000 |
| 2018 | $18,840 | $1,425,348 | $998,784 | $426,564 |
| 2016 | $13,839 | $1,066,011 | $746,208 | $319,803 |
| 2015 | $11,842 | $920,000 | $522,800 | $397,200 |
| 2014 | $11,110 | $840,000 | $477,300 | $362,700 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC15244305
APN: 7272-003-006
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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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