A
Seller's Agent in 2017
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
17 Total Sales
1212 Gladys Ave Long Beach, CA 90804
Rose Park Neighborhood
16
Beds
16
Baths
6,743
Sq Ft
1987
Built
Highlights
- Property is near public transit
- Landscaped
- 4-minute walk to Orizaba Park
- Woodrow Wilson High School Rated A
- Level Lot
About This Home
As of July 2017Built in 1987, the Gladys Apartments is a Nine-Unit apartment complex with true value add upside potential. The unit mix is comprised of (7) - 2 Bedroom / 2 Bath and (2) 1 Bedroom / 1 Bath spacious units. Current ownership has spent significant capital on recent improvements, including a brand new roof in November of 2016 (10-year roof warranty), drought tolerant landscaping, custom designed iron gates, new exterior paint and three completely renovated units. Interior renovations include whitewashed vinyl flooring, quartz counter tops, subway tile back splashes, stainless steel appliances and complete bathroom remodels. The remaining six units have long term tenants and rents are well below market, leaving significant value add potential for a new investor through interior renovations of those units. The City of Long each is NOT subject to rent control, making it easy for a new investor to capitalize on the already established Pro Forma rents. The property is separately metered for gas & electricity, has 14 garage parking spaces and on-site laundry.
Last Agent to Sell the Property
eXp Realty of Greater L.A License #01946829 Listed on: 05/15/2017
Property Details
Home Type
- Apartment
Year Built
- Built in 1987
Lot Details
- 6,264 Sq Ft Lot
- No Common Walls
- Landscaped
- Level Lot
Parking
- 14 Car Garage
- Parking Available
- Unassigned Parking
Interior Spaces
- 6,743 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 5769
- Assessor Parcel Number 7259017028
Community Details
Overview
- 9 Units
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $840
- Gardener Expense $900
- Insurance Expense $2,360
- Maintenance Expense $9,000
- Trash Expense $1,200
- Water Sewer Expense $8,700
- New Taxes Expense $22,628
- Operating Expense $46,127
- Gross Income $140,760
- Net Operating Income $90,518
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/18/2017 07/18/17 | Sold | $2,200,000 | +10.3% | $326 / Sq Ft |
| 05/15/2017 05/15/17 | For Sale | $1,995,000 | -- | $296 / 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 | $32,255 | $2,503,220 | $1,365,393 | $1,137,827 |
| 2024 | $32,255 | $2,454,138 | $1,338,621 | $1,115,517 |
| 2023 | $31,708 | $2,406,019 | $1,312,374 | $1,093,645 |
| 2022 | $29,762 | $2,358,843 | $1,286,642 | $1,072,201 |
| 2021 | $29,158 | $2,312,592 | $1,261,414 | $1,051,178 |
| 2019 | $28,741 | $2,247,600 | $1,224,000 | $1,023,600 |
| 2018 | $28,006 | $2,203,600 | $1,200,000 | $1,003,600 |
| 2016 | $15,180 | $1,199,446 | $272,599 | $926,847 |
| 2015 | $14,585 | $1,181,430 | $268,505 | $912,925 |
| 2014 | $14,516 | $1,158,289 | $263,246 | $895,043 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew McAllister
-
Daniel Jensen
D
Buyer's Agent in 2017
Daniel Jensen
Jensen Realty
(310) 809-2891
68 Total Sales
-
T
Buyer Co-Listing Agent in 2017
Todd Knoll Saks
West Shores Realty, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS17106750
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
Nearby Homes
- 1206 Gladys Ave
- 1344 Temple Ave
- 1070 Temple Ave
- 1123 Ohio Ave
- 2626 E Anaheim St
- 1055 Orizaba Ave Unit 6
- 1207 Obispo Ave Unit 210
- 1012 Temple Ave
- 1416 Temple Ave Unit 2
- 1144 Stanley Ave
- 1341 Stanley Ave
- 2546 E 10th St Unit 2546
- 1056 Junipero Ave
- 820 Temple Ave
- 1445 Coronado Ave
- 1120 Raymond Ave
- 2324 E 14th St
- 2507 E 15th St Unit 305
- 2507 E 15th St Unit 204
- 916 Junipero Ave
- 1212 Gladys Ave Unit 201
- 1212 Gladys Ave Unit 203
- 1212 Gladys Ave Unit 305
- 1212 Gladys Ave Unit 304
- 1215 Orizaba Ave
- 1140 Gladys Ave
- 1207 Orizaba Ave
- 2958 E Anaheim St
- 1155 Orizaba Ave
- 1215 Gladys Ave Unit 3
- 1215 Gladys Ave
- 1201 Gladys Ave
- 1203 Gladys Ave
- 1132 Gladys Ave
- 1139 Orizaba Ave
- 1151 Gladys Ave
- 2824 E Anaheim St
- 1133 Orizaba Ave
- 1135 Gladys Ave
- 1125 Orizaba Ave
Your Personal Tour Guide
Ask me questions while you tour the home.