Seller's Agent in 2018
Bob Diulio
First Team Real Estate
(714) 595-2812
32 Total Sales
1241 W 19th St Long Beach, CA 90810
Lower Westside Neighborhood
16
Beds
7
Baths
6,057
Sq Ft
1956
Built
Highlights
- Corner Lot
- Laundry Room
- Wall Furnace
About This Home
As of July 2018This well maintained 7 unit income property has one 3 bedroom, 3 bath unit, two 3 bedroom, 1 bath units, three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit - all are turn-key. This property is comprised of 3 buildings on a large 10, 114 s/f, fenced, corner lot. The 3 Addresses for this property at 1901 Gale Street with 4 units, 1909 Gale Street with 1 unit above 3 garages and 1241 West 19th Street with 2 units and 1 garage. This property is freeways and public transportation close. There are 4 garages on the property with plenty of additional onsite parking. Each unit has their own water heater as well as gas and electric meters. There is a laundry room on the property for an added monthly income. New roofs were installed on all 3 buildings in 2016. All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies with long term tenants. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come. That being said this complex has the potential to make more than it actually does.
Last Agent to Sell the Property
First Team Real Estate License #01722187 Listed on: 04/12/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 10,054 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Parking
- 8 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 6,057 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 16 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
Utilities
- Wall Furnace
- Natural Gas Connected
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 7,8
- Tax Tract Number 5729
- Assessor Parcel Number 7431023015
Community Details
Overview
- 3 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,784
- Water Sewer Expense $2,819
- New Taxes Expense $16,500
- Operating Expense $21,103
- Gross Income $400
- Net Operating Income $95,897
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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 | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2018 07/23/18 | Sold | $1,550,000 | -6.1% | $256 / Sq Ft | |
| 04/12/2018 04/12/18 | For Sale | $1,650,000 | +6.5% | $272 / Sq Ft | |
| 04/12/2018 04/12/18 | Off Market | $1,550,000 | -- | -- | |
| 04/30/2013 04/30/13 | Sold | $895,000 | -10.1% | $148 / Sq Ft | View Prior Sale |
| 02/12/2013 02/12/13 | Pending | -- | -- | -- | |
| 07/17/2012 07/17/12 | For Sale | $995,000 | -- | $164 / 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 | $22,587 | $1,729,050 | $892,413 | $836,637 |
| 2024 | $22,587 | $1,695,148 | $874,915 | $820,233 |
| 2023 | $22,205 | $1,661,910 | $857,760 | $804,150 |
| 2022 | $20,856 | $1,629,325 | $840,942 | $788,383 |
| 2021 | $20,424 | $1,597,378 | $824,453 | $772,925 |
| 2019 | $20,133 | $1,550,000 | $800,000 | $750,000 |
| 2018 | $12,880 | $968,620 | $432,903 | $535,717 |
| 2016 | $11,836 | $931,009 | $416,094 | $514,915 |
| 2015 | $11,375 | $917,025 | $409,844 | $507,181 |
| 2014 | $11,323 | $899,063 | $401,816 | $497,247 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Diulio
-
Avinash Narang
Buyer's Agent in 2018
Avinash Narang
BRC Advisors BH
(818) 288-0697
1 in this area
52 Total Sales
-
Margit Schatzlein
Seller's Agent in 2013
Margit Schatzlein
Margit Schatzlein, Broker
(111) 111-1111
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18083153
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
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