NOT LISTED FOR SALE
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
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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

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 $57,688 $4,551,313 $3,413,486 $1,137,827
2024 $57,688 $4,462,072 $3,346,555 $1,115,517
2023 $56,716 $4,374,582 $3,280,937 $1,093,645
2022 $53,208 $4,288,806 $3,216,605 $1,072,201
2021 $52,156 $4,204,713 $3,153,535 $1,051,178
2019 $51,408 $4,080,000 $3,060,000 $1,020,000
2018 $30,143 $2,340,900 $624,240 $1,716,660
2016 $18,008 $1,410,392 $621,659 $788,733
2015 $17,308 $1,389,208 $612,322 $776,886
2014 $17,233 $1,361,996 $600,328 $761,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17277626

California Regional Multiple Listing Service (CRMLS)