NOT LISTED FOR SALE

1309 E Appleton St Long Beach, CA 90802

North Alamitos Beach Neighborhood
3 Beds
2 Baths
9,288 Sq Ft
1957 Built

Last Sold May 25, 2018

Last sale price $4,000,000 $431 Per Sq Ft

114 Days on Market

Highlights

  • 8,276 Sq Ft lot
  • Laundry Room
  • Landscaped
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2018

To call & setup an appointment . Great Location! Long Beach Area This beautiful 12-unit multifamily community is centrally located in the Alamitos Beach neighborhood of Long Beach, California. Incredibly close to the beach, malls, a variety of restaurants, supermarkets, and entertainment venues. Has easy access to the Pacific Coast Highway and California's State Route 710. The building includes common area amenities that include; garage parking, garden patio, barbecue grill area with tables and chairs. Gated and secure laundry room in the building. Schedule a showing today.
MANAGED BY: Mashcole Property Management INC Find us on Google.

IT490414 - IT49MC501

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 12/20/2017

Last Buyer's Agent

Peter Gillin

Morgan Skenderian License #01433769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 6 Car Garage

Interior Spaces

  • 9,288 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 17 / 131
  • Tax Tract Number 576502
  • Assessor Parcel Number 7275011022

Community Details

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Electric Expense $1,200
  • Fuel Expense $1,700
  • Insurance Expense $5,020
  • Maintenance Expense $6,000
  • Other Expense $7,200
  • Professional Management Expense $13,017
  • Trash Expense $460
  • Water Sewer Expense $1,800
  • New Taxes Expense $49,109
  • Operating Expense $85,506
  • Gross Income $267,878
  • Net Operating Income $174,832

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 13017.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7275011022
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 430.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 460.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8276.40

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1700.00
  • Gross Income: 267878.00
  • Gross Operating Income: 260338.00
  • Gross Scheduled Income: 267878.00
  • Insurance Expense: 5020.00
  • Maintenance Expense: 6000.00
  • Net Operating Income: 174832.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 85506.00
  • Other Expense: 7200.00
  • Rent Control: No
  • Total Actual Rent: 20945.00
  • Total Expenses: 85506.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 49109.00
  • Tax Block: 131
  • Tax Census Tract: 5765.02
  • Tax Lot: 17
  • Tax Tract Number: 576502

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
08/23/2022 08/23/22 For Rent -- -- --
05/25/2018 05/25/18 Sold $4,000,000 -2.4% $431 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $4,100,000 -- $441 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2018

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    4 in this area

    155 Total Sales

    Tyler Leeson
    Section Image

  • P

    Buyer's Agent in 2018

    Peter Gillin

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17277626

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1309 E Appleton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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