Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
156 Total Sales
1246 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
6
Beds
4
Baths
14,293
Sq Ft
0.29
Acres
Highlights
- 0.29 Acre Lot
- No HOA
- Landscaped
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of August 20191246 East 2nd Street is a 20-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California.
Specifically, the property is located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. 1246 East 2nd Street was fully renovated in 2017 with upgrades including new paint, windows, entry gates, courtyard, countertops, appliances, and more. Given the demand for modern and unique housing options, 1246 East 2nd Street provides a distinct competitive advantage over other units in the area with higher asking rents. The 14,293 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954, 1246 East 2nd Street offers amenities including communal courtyard, custom barbecue, individual garage parking, an on-site laundry facility, controlled access, storage lockers, and more.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 04/25/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1954
Lot Details
- 0.29 Acre Lot
- No Common Walls
- Landscaped
Parking
- 9 Car Garage
Interior Spaces
- 14,293 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 6 / 63
- Tax Tract Number 576601
- Assessor Parcel Number 7265011008
Community Details
Overview
- No Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 1 Separate Water Meter
- Electric Expense $1,907
- Fuel Expense $1,907
- Insurance Expense $5,000
- Maintenance Expense $10,000
- Other Expense $20,780
- Professional Management Expense $12,942
- Trash Expense $1,907
- Water Sewer Expense $1,907
- New Taxes Expense $82,786
- Operating Expense $139,138
- Gross Income $444,020
- Net Operating Income $292,270
Create a Home Valuation Report for This Property
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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 |
|---|---|---|---|---|
| 08/14/2019 08/14/19 | Sold | $6,250,000 | -5.4% | $437 / Sq Ft |
| 06/17/2019 06/17/19 | Pending | -- | -- | -- |
| 05/29/2019 05/29/19 | Price Changed | $6,605,000 | -0.8% | $462 / Sq Ft |
| 04/25/2019 04/25/19 | For Sale | $6,655,000 | -- | $466 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $86,943 | $6,835,286 | $4,374,583 | $2,460,703 |
| 2024 | $86,943 | $6,701,261 | $4,288,807 | $2,412,454 |
| 2023 | $85,473 | $6,569,864 | $4,204,713 | $2,365,151 |
| 2022 | $80,192 | $6,441,044 | $4,122,268 | $2,318,776 |
| 2021 | $78,598 | $6,314,750 | $4,041,440 | $2,273,310 |
| 2019 | $81,979 | $6,502,300 | $4,000,000 | $2,502,300 |
| 2018 | $54,825 | $4,288,748 | $3,121,200 | $1,167,548 |
| 2016 | $50,428 | $4,120,000 | $3,000,000 | $1,120,000 |
| 2015 | $35,941 | $2,950,000 | $1,770,000 | $1,180,000 |
| 2014 | $34,703 | $2,800,000 | $1,680,000 | $1,120,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Jon Swire
Buyer's Agent in 2019
Jon Swire
The Agency
(310) 948-2631
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19094422
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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