NOT LISTED FOR SALE
5 Beds
5 Baths
5,156 Sq Ft
6,578 Sq Ft Lot

Last Sold October 29, 2012

Last sale price $560,000 $109 Per Sq Ft

150 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Siding
  • 3-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of October 2012

Sharp 5-unit apartment building blocks from the beach. Great income with 5 single garages and potential to increase rents.Operating expenses furnished upon request. Offers subject to inspection. Please DO NOT disturb tenants. DRIVE BY ONLY.

Last Agent to Sell the Property

Roni Gutierrez

Beach Cities Properties, Inc. License #01469696 Listed on: 10/14/2011

Co-Listed By

George Chase

Keller Williams Coastal Prop. License #00224880

Last Buyer's Agent

Sandra Guevara

Keller Williams Palos Verdes License #01305283

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 6,598 Sq Ft Lot
  • Lot Dimensions are 45x110

Parking

  • 5 Parking Spaces

Home Design

  • 5,156 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 23 / 1
  • Tax Tract Number 5765
  • Assessor Parcel Number 7275006019

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $4,131
  • Gross Income $4,150
  • Net Operating Income $37,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

6,598 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 6.23
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7275006019
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 108.61

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 45x110
  • Lot Size Sq Ft: 6598.00
  • Lot Size Acres: 0.1510

Multi Family

  • Gross Income: 4150.00
  • Gross Multiplier: 12.05
  • Gross Scheduled Income: 49800.00
  • Lot Size Area: 6598.0000 Square Feet
  • Net Operating Income: 37350.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 12450.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4131.00
  • Tax Area: 5500
  • Tax Block: 1
  • Tax Lot: 23
  • Tax Tract Number: 5765
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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
10/29/2012 10/29/12 Sold $560,000 -17.0% $109 / Sq Ft
03/12/2012 03/12/12 Pending -- -- --
10/14/2011 10/14/11 For Sale $675,000 -- $131 / 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 $9,340 $689,587 $430,993 $258,594
2024 $9,340 $676,067 $422,543 $253,524
2023 $9,175 $662,811 $414,258 $248,553
2022 $8,625 $649,816 $406,136 $243,680
2021 $8,438 $637,075 $398,173 $238,902
2020 $8,416 $630,544 $394,091 $236,453
2019 $8,317 $618,181 $386,364 $231,817
2018 $8,078 $606,061 $378,789 $227,272
2016 $7,437 $582,529 $364,081 $218,448
2015 $7,147 $573,780 $358,613 $215,167
2014 $7,118 $562,542 $351,589 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P800078

California Regional Multiple Listing Service (CRMLS)
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