NOT LISTED FOR SALE
1 Bed
2 Baths
4,100 Sq Ft
8,097 Sq Ft Lot

Sale Details

Date Sold: June 11, 2021

Last sale price $1,690,000 $412 Per Sq Ft

107 Days on Market

Highlights

  • 0.19 Acre Lot
  • Laundry Room
  • 4-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2021

1350 E Hellman Street is a 9-unit apartment building in highly desirable N. Alamitos Beach. The property features a desirable mix of (4) one bedroom / one bathroom and (5) studio units. There are (5) garages with additional parking spaces. The asset is separately metered for gas and electric.
Located in North Alamitos Beach in a historic district, the property has a 93 Walk Score, is walkable to amenities along 4th Street / Retro Row and in close proximity to East Village Arts District. Offered at a 5.11% cap rate on actuals, 1350 E. Hellman provides a new buyer an attractive in-place income with value to be added.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 02/24/2021

Keller Williams Realty Downey

Last Buyer's Agent

NONE NONE

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 8,097 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 3 / A
  • Tax Tract Number 5764
  • Assessor Parcel Number 7266001002

Community Details

Overview

  • 2 Buildings
  • 9 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,351
  • Fuel Expense $1,351
  • Gardener Expense $1,500
  • Insurance Expense $2,518
  • Maintenance Expense $6,300
  • Other Expense $2,250
  • Pest Control $600
  • Professional Management Expense $6,715
  • Trash Expense $1,351
  • Water Sewer Expense $1,351
  • New Taxes Expense $21,639
  • Operating Expense $47,924
  • Gross Income $134,292
  • Net Operating Income $86,368

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

8,097 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.11
  • Professional Management Expense: 6715.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1350.50
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7266001002
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 412.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1350.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8097.00
  • Lot Size Acres: 0.1859

Multi Family

  • Electric Expense: 1350.50
  • Fuel Expense: 1350.50
  • Gross Income: 134292.00
  • Gross Multiplier: 11.96
  • Gross Scheduled Income: 141360.00
  • Insurance Expense: 2518.00
  • Lot Size Area: 8097.0000 Square Feet
  • Maintenance Expense: 6300.00
  • Net Operating Income: 86368.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 47924.00
  • Other Expense: 2250.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 47924.00

Tax Info

  • New Taxes Expense: 21639.00
  • Tax Block: A
  • Tax Census Tract: 5764.02
  • Tax Lot: 3
  • Tax Tract Number: 5764
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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 Prior Sale
06/11/2021 06/11/21 Sold $1,690,000 0.0% $412 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $1,690,000 +64.1% $412 / Sq Ft
07/05/2018 07/05/18 Sold $1,030,000 -10.0% $251 / Sq Ft View Prior Sale
06/01/2018 06/01/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $1,145,000 -- $279 / 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 $24,676 $1,829,308 $1,190,674 $638,634
2024 $23,608 $1,793,440 $1,167,328 $626,112
2023 $23,206 $1,758,276 $1,144,440 $613,836
2022 $21,783 $1,723,800 $1,122,000 $601,800
2021 $13,860 $1,061,483 $742,008 $319,475
2020 $13,824 $1,051,300 $734,400 $316,900
2019 $13,662 $1,030,700 $720,000 $310,700
2018 $4,927 $320,131 $87,275 $232,856
2016 $4,534 $307,029 $83,887 $223,142
2015 $4,373 $302,418 $82,627 $219,791
2014 $4,390 $296,495 $81,009 $215,486
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21038585

California Regional Multiple Listing Service (CRMLS)
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