Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
1 in Lower Westside
$650,000 Price
1315 W 19th St Long Beach, CA 90810
Lower Westside Neighborhood
6
Beds
3
Baths
17,322
Sq Ft
0.4
Acre Lot
Highlights
- 0.4 Acre Lot
- 14 Car Garage
- Laundry Facilities
About This Home
As of December 20201315 W. 19th Street is a 22-unit multifamily asset in Long Beach, California. The property is situated on an oversized corner lot, and offers an attractive mix of two 1 BD / 1 BA, sixteen 2 BD / 1 BA and four 3 BD / 1 BA units as well as fourteen garages and on-site laundry facilities. Half of the unit interior have been fully renovated with new laminate hardwood flooring, custom shaker-style cabinets, quartz countertops, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior upgrades include light landscaping and new front and rear building security gates. 1315 W. 19th Street presents a rare opportunity to own in an area of Long Beach where few apartment buildings come on the market. The asset is 95% occupied and offered at a 5.27% cap rate and 12.25 GRM on actual rents, with potential rental upside of +/-14%.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 08/13/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 17,334 Sq Ft Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Parking
- 14 Car Garage
- Parking Available
Home Design
- Apartment
Interior Spaces
- 17,322 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 25 / 12
- Tax Tract Number 1833
- Assessor Parcel Number 7431024017
Community Details
Overview
- 2 Buildings
- 22 Units
- Westside/South Of Willow Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 22 Separate Electric Meters
- 22 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,973
- Fuel Expense $5,235
- Gardener Expense $2,700
- Insurance Expense $6,774
- Maintenance Expense $8,250
- Other Expense $3,850
- Pest Control $1,298
- Professional Management Expense $24,503
- Trash Expense $1,537
- Water Sewer Expense $5,955
- New Taxes Expense $67,947
- Operating Expense $131,934
- Gross Income $411,184
- Net Operating Income $279,250
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 5, 2025
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,380,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 20, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 5, 2000
Sold by
Bought by
Purchase Details
Closed on
Sep 27, 1996
Sold by
Bought by
Purchase Details
Closed on
Sep 6, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lower Westside, CA
-
Mark Lear
-
Darryl West
Darryl West
Powerhouse Real Estate
(424) 359-1187
14 Total Sales
2 in Lower Westside
$170K - $610K Price Range
-
Carol Gilles
Carol Gilles
Fredericks Realty
(424) 378-5872
17 Total Sales
1 in Lower Westside
$690,000 Price
-
Diego Morales Cerron
Diego Morales Cerron
Vida Real Estate
(562) 362-5388
25 Total Sales
2 in Lower Westside
$798,000 Price Range
-
Travis Jackson
Travis Jackson
WERE Real Estate Inc
(424) 488-0938
85 Total Sales
2 in Lower Westside
$800,000 Price Range
-
Tyler Leeson
Tyler Leeson
Marcus & Millichap RE Invest
(949) 209-2807
172 Total Sales
2 in Lower Westside
$1,300,000 Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $5,200,000 | Fidelity National Title | ||
| $4,075,000 | Ticor Title | ||
| -- | -- | ||
| $530,000 | -- | ||
| $575,000 | American Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $3,380,000 | ||
| Previous Owner | $2,700,000 | ||
| Previous Owner | $2,700,000 | ||
| Previous Owner | $428,000 |
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 |
|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $5,200,000 | -1.9% | $300 / Sq Ft |
| 10/30/2020 10/30/20 | Pending | -- | -- | -- |
| 08/13/2020 08/13/20 | For Sale | $5,300,000 | -- | $306 / 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 | $76,213 | $5,628,646 | $3,247,296 | $2,381,350 |
| 2024 | $72,823 | $5,518,281 | $3,183,624 | $2,334,657 |
| 2023 | $71,583 | $5,410,080 | $3,121,200 | $2,288,880 |
| 2022 | $67,199 | $5,304,000 | $3,060,000 | $2,244,000 |
| 2021 | $65,814 | $5,200,000 | $3,000,000 | $2,200,000 |
| 2020 | $53,755 | $4,156,500 | $2,040,000 | $2,116,500 |
| 2019 | $53,125 | $4,075,000 | $2,000,000 | $2,075,000 |
| 2018 | $12,640 | $758,634 | $143,132 | $615,502 |
| 2016 | $11,574 | $729,177 | $137,575 | $591,602 |
| 2015 | $11,183 | $718,225 | $135,509 | $582,716 |
| 2014 | $11,234 | $704,157 | $132,855 | $571,302 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2020
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
80 Total Sales
-
Avinash Narang
Buyer's Agent in 2020
Avinash Narang
BRC Advisors BH
(818) 288-0697
1 in this area
47 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20161355
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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