NOT LISTED FOR SALE

1219 E Phillips St Long Beach, CA 90805

Lindbergh Neighborhood
7 Beds
7 Baths
4,018 Sq Ft
5,250 Sq Ft Lot

Last Sold December 06, 2013

Last sale price $735,000 $183 Per Sq Ft

55 Days on Market

About This Home

As of December 2013

The subject property is a 7-Unit apartment building comprised of (1) 2-bed / 1-bath, (5) 1-bed / 1-bath, and (1) Studio, and is separately metered for gas and electricity. The building is approximately 4,018 square feet, situated on a 5,371 square foot loot, and was built in 1958. Most of the units have been completely renovated, including all new cabinets, flooring, and new windows. Furthermore, the property sits as the only apartment building on the street, and is surrounded by mostly well maintained single family homes, thus decreasing competition from other apartment owners in the area. A new investor has an excellent opportunity to acquire a well maintained apartment building in a strong rental market, continue renovation of the property, and increase rental income accordingly.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 08/23/2013

Remax Commercial and Investment Realty

Last Buyer's Agent

Lei Hebel

License #01389093

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,250 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 4,018 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7128-009-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4018
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 186.66

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 256964
  • Assessed Land Value: 91768
  • Assessor Parcel Number: 7128-009-015
  • Geocode Override: No
  • Lot Size Area: 5250

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.90
  • Number Of Units: 7
  • Total Annual Expense: 26696
  • Type Of Units: Multi-Family
  • Vacancy Rate: 5%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2013 12/06/13 Sold $735,000 -2.0% $183 / Sq Ft
10/17/2013 10/17/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $750,000 -- $187 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Buyer's Agent in 2013

    Lei Hebel

See All Agents

Map

Source: The MLS

MLS Number: 13-699131

The MLS
California Los Angeles County Long Beach 90805 Lindbergh

1219 E Phillips St, Long Beach, CA

This home is located at 1219 E Phillips St, Long Beach, CA 90805 since 23 August 2013. This property was built in 1958. 1219 E Phillips St is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Lindbergh STEM Academy, and Jordan High School.

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