NOT LISTED FOR SALE
3 Beds
2 Baths
8,160 Sq Ft
6,490 Sq Ft Lot

Last Sold May 02, 2014

Last sale price $1,100,000 $135 Per Sq Ft

About This Home

As of May 2014

*Gated Property * Garages * Close Walking Distance to Long Beach City College and Retail Amenities
Laundry, Not currently in use by owner

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 12/13/2013

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,499 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 8,160 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 28 / D
  • Assessor Parcel Number 7268030017

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,080
  • Maintenance Expense $9,384
  • Other Expense $1,500
  • Pest Control $900
  • Trash Expense $2,820
  • Water Sewer Expense $2,820
  • New Taxes Expense $14,639
  • Gross Income $9,775
  • Net Operating Income $70,492

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,499 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 6.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2820.00
  • Property Type: Residential Income
  • Parcel Number: 7268030017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 134.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 900.00
  • Trash Expense: 2820.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6499.00
  • Lot Size Acres: 0.1490

Multi Family

  • Gross Income: 9775.00
  • Gross Multiplier: 9.59
  • Gross Scheduled Income: 117300.00
  • Gross Spendable Income: 22445.00
  • Insurance Expense: 4080.00
  • Lot Size Area: 6499.0000 Square Feet
  • Maintenance Expense: 9384.00
  • Maintenance Percent: 7.50
  • Net Operating Income: 70492.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 40943.00
  • Operating Expense Percent: 34.90
  • Other Expense: 1500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 9775.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14639.00
  • Tax Block: D
  • Tax Lot: 28
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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 List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $1,100,000 -2.2% $135 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
12/13/2013 12/13/13 For Sale $1,125,000 -- $138 / 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 $18,755 $1,348,438 $490,338 $858,100
2024 $18,755 $1,321,999 $480,724 $841,275
2023 $18,300 $1,296,079 $471,299 $824,780
2022 $17,210 $1,270,666 $462,058 $808,608
2021 $16,811 $1,245,752 $452,999 $792,753
2019 $16,569 $1,208,805 $439,564 $769,241
2018 $16,109 $1,185,104 $430,946 $754,158
2016 $14,808 $1,139,087 $414,213 $724,874
2015 $14,238 $1,121,978 $407,992 $713,986
2014 $10,279 $756,141 $177,219 $578,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13247105

California Regional Multiple Listing Service (CRMLS)
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