NOT LISTED FOR SALE

1349 Ohio Ave Long Beach, CA 90804

Zaferia Neighborhood
3 Beds
3 Baths
20,399 Sq Ft
0.45 Acres

Last Sold February 23, 2012

Last sale price $3,267,000 $160 Per Sq Ft

65 Days on Market

Highlights

  • 0.45 Acre Lot
  • Woodrow Wilson High School Rated A
  • No Heating

About This Home

As of February 2012

This home is located at 1349 Ohio Ave, Long Beach, CA 90804 since 20 December 2011. This property was built in 1987. 1349 Ohio Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

Last Agent to Sell the Property

Alan Acree

Morgan Skenderian License #01366012 Listed on: 12/20/2011

Last Buyer's Agent

Kristie Pabst

Pabst, Kinney & Associates License #00804122

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.45

Parking

  • 41 Parking Spaces

Home Design

  • 20,399 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 0.45 Acre Lot
  • No Heating

Community Details

Overview

  • 2 Buildings
  • 26 Units

Building Details

  • 27 Separate Electric Meters
  • 27 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $7,868
  • Maintenance Expense $21,689
  • Other Expense $2,050
  • Professional Management Expense $15,206
  • Trash Expense $9,541
  • Water Sewer Expense $9,541
  • New Taxes Expense $43,135
  • Gross Income $28,159
  • Net Operating Income $199,983

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.55
  • Professional Management Expense: 15206.00
  • View: No
  • Water Sewer Expenses: 9541.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 160.15

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 41.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 9541.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 19573.00
  • Lot Size Acres: 0.4500

Multi Family

  • Gross Income: 28159.00
  • Gross Multiplier: 10.67
  • Gross Scheduled Income: 337908.00
  • Gross Spendable Income: 55412.00
  • Insurance Expense: 7868.00
  • Lot Size Area: 19573.0000 Square Feet
  • Maintenance Expense: 21689.00
  • Net Operating Income: 199983.00
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 27
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 26
  • Operating Expense: 121029.00
  • Operating Expense Percent: 36.00
  • Other Expense: 2050.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 43135.00

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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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
02/23/2012 02/23/12 Sold $3,267,000 -9.4% $160 / Sq Ft
02/23/2012 02/23/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $3,605,000 -- $177 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alan Acree

    Morgan Skenderian

  • Kristie Pabst

    Buyer's Agent in 2012

    Kristie Pabst

    Pabst, Kinney & Associates

    (562) 987-3244

    30 Total Sales

    Kristie Pabst
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P806477

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Zaferia

1349 Ohio Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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