Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
156 Total Sales
1275 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
3
Beds
3
Baths
10,672
Sq Ft
9,148
Sq Ft Lot
Highlights
- 0.21 Acre Lot
- Laundry Room
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of April 20221275 East 2nd Street is a 14-unit fully renovated, turn-key multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Fully renovated in 2018, the property received significant capital improvements which modernized the building's exterior, common areas, and unit interiors. These improvements include brand new windows, a fresh two-tone paint scheme, wood slat security doors, upgraded lighting, as well as new cabinetry, stainless steel appliances, and quartz countertops in the interiors. This turn-key asset offers an excellent unit mix consisting of studio, one, and two-bedroom floor plans. Amenities include a community barbeque and picnic area, controlled access, a central courtyard, on-site laundry, garage parking, hardwood flooring, and storage lockers.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2022
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1956
Lot Details
- 9,148 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Garage
Interior Spaces
- 10,672 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 9 / 94
- Tax Tract Number 576
- Assessor Parcel Number 7265011039
- $2,363 per year additional tax assessments
Community Details
Building Details
- 14 Leased Units
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,497
- Fuel Expense $1,497
- Insurance Expense $4,067
- Maintenance Expense $8,400
- Other Expense $9,763
- Professional Management Expense $14,240
- Trash Expense $1,497
- Water Sewer Expense $1,497
- New Taxes Expense $65,510
- Operating Expense $107,966
- Gross Income $325,620
- Net Operating Income $208,481
Additional Features
- 14 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 04/26/2022 04/26/22 | Sold | $5,500,000 | 0.0% | $515 / Sq Ft |
| 03/16/2022 03/16/22 | Pending | -- | -- | -- |
| 02/14/2022 02/14/22 | For Sale | $5,500,000 | -- | $515 / 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 | $73,091 | $5,788,410 | $3,926,469 | $1,861,941 |
| 2024 | $73,091 | $5,674,913 | $3,849,480 | $1,825,433 |
| 2023 | $71,862 | $5,563,641 | $3,774,000 | $1,789,641 |
| 2022 | $58,795 | $4,730,302 | $2,943,299 | $1,787,003 |
| 2021 | $57,628 | $4,637,552 | $2,885,588 | $1,751,964 |
| 2019 | $60,431 | $4,801,400 | $3,000,000 | $1,801,400 |
| 2018 | $37,365 | $2,914,520 | $1,872,720 | $1,041,800 |
| 2016 | $34,361 | $2,800,000 | $1,800,000 | $1,000,000 |
| 2015 | $27,272 | $2,250,000 | $1,376,900 | $873,100 |
| 2014 | $24,780 | $2,000,000 | $1,223,900 | $776,100 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22029114
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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