NOT LISTED FOR SALE

1228 Raymond Ave Long Beach, CA 90804

Cambodia Town Neighborhood
3 Beds
3 Baths
4,020 Sq Ft
6,535 Sq Ft Lot

Last Sold January 03, 2014

Last sale price $950,000 $236 Per Sq Ft

131 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of January 2014

**REDUCED AUG 7**The cleanest, most upgraded building of this vintage available. Within last few years: Complete plumbing replacement including main drain line, service lines and gas service, All new electrical panels and unit service, New vinyl windows, New exterior doors and security screens, Exterior stucco and paint, Security system, Tile throughout all units, Restroom and Kitchens all in good, serviceable condition. Roof is in very good condition. No rehabilitation necessary in any units or system. Buy it, manage properly and generate cash flow from day 1. Onsite laundry also featured

Last Agent to Sell the Property

Guido Haug

INCO Company License #00939437 Listed on: 05/15/2013

Last Buyer's Agent

Shaun Hurley

Coldwell Banker Realty License #00870450

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,535 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 4,020 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 7260031011

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $550
  • Insurance Expense $2,940
  • Maintenance Expense $3,430
  • Other Expense $700
  • Pest Control $700
  • Professional Management Expense $2,450
  • Trash Expense $2,467
  • Water Sewer Expense $2,008
  • New Taxes Expense $12,096
  • Gross Income $9,830
  • Net Operating Income $90,057

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 85000
  • Professional Management Expense: 2450.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Junipero Gardens (JPG)
  • Water Sewer Expenses: 2008.00
  • Property Type: Residential Income
  • Parcel Number: 7260031011
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 236.32

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 700.00
  • Trash Expense: 2467.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 6535.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 550.00
  • Gross Income: 9830.00
  • Gross Scheduled Income: 117960.00
  • Insurance Expense: 2940.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6535.0000 Square Feet
  • Maintenance Expense: 3430.00
  • Net Operating Income: 90057.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 28603.00
  • Other Expense: 700.00
  • Other Expense Description: Misc/Rsv
  • Rent Control: No
  • Total Actual Rent: 9830.00
  • Vacancy Allowance: 3539
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12096.00
  • Tax Lot: 24
  • Tax Tract Number: Unk
  • Tax Year: 2012

Range of Values:

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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
01/03/2014 01/03/14 Sold $950,000 -12.0% $236 / Sq Ft
09/23/2013 09/23/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $1,080,000 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Guido Haug

    INCO Company

  • Shaun Hurley

    Buyer's Agent in 2014

    Shaun Hurley

    Coldwell Banker Realty

    (949) 463-4663

    46 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13115690

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Cambodia Town

1228 Raymond Ave, Long Beach, CA

This home is located at 1228 Raymond Ave, Long Beach, CA 90804 since 15 May 2013. This property was built in 1922. 1228 Raymond Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Creative Arts School.

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.

California Regional Multiple Listing Service (CRMLS) 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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