NOT LISTED FOR SALE
3 Beds
2 Baths
9,288 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: May 25, 2018

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

114 Days on Market

Highlights

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

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 in unit

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

8,276 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $60,314 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17277626

California Regional Multiple Listing Service (CRMLS)
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