NOT LISTED FOR SALE
7 Beds
6 Baths
3,108 Sq Ft
6,436 Sq Ft Lot

Last Sold December 20, 2017

Last sale price $857,000 $276 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Front Yard
  • Woodrow Wilson High School Rated A
  • Level Lot

About This Home

As of December 2017

Great investment in good rental area of Long Beach. Situated on a quiet street with little traffic. Easy access to transportation and shopping. All units are in good condition, with no deferred maintenance inside or outside. This is the perfect option to step up from two or four unit properties. No studios...all one and two bedroom units. Low maintenance property consisting of three, two unit buildings. Separate meters for each unit. Best value on the market today!

Last Agent to Sell the Property

Scott Sackin

Seven Gables Real Estate License #01003803 Listed on: 10/10/2017

Seven Gables Real Estate

Co-Listed By

Philip Talbert

Seven Gables Real Estate License #01084957

Seven Gables Real Estate

Last Buyer's Agent

Philip Talbert

Seven Gables Real Estate License #01084957

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,436 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • 3,108 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 1
  • Assessor Parcel Number 7260023008

Community Details

Overview

  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $409
  • Fuel Expense $165
  • Insurance Expense $2,000
  • Professional Management Expense $3,159
  • Trash Expense $346
  • Water Sewer Expense $2,532
  • New Taxes Expense $10,428
  • Operating Expense $19,790
  • Gross Income $403
  • Net Operating Income $48,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.60
  • Professional Management Expense: 3159.00
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 2532.00
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7260023008
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 275.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Garage - Single Door, Street
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 346.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Near Public Transit
  • Lot Size Sq Ft: 6436.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 409.00
  • Fuel Expense: 165.00
  • Gross Income: 403.00
  • Gross Multiplier: 12.70
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 2000.00
  • Laundry Income: 403.00
  • Net Operating Income: 48610.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 19790.00
  • Rent Control: No
  • Total Actual Rent: 5700.00
  • Total Expenses: 19790.00

Tax Info

  • New Taxes Expense: 10428.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 6
  • Tax Tract Number: 1
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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 Prior Sale
12/20/2017 12/20/17 Sold $857,000 -2.1% $276 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $875,000 +31.6% $282 / Sq Ft
06/25/2013 06/25/13 Sold $665,000 +3.9% $214 / Sq Ft View Prior Sale
05/13/2013 05/13/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $639,900 -- $206 / 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 $13,143 $975,114 $568,913 $406,201
2024 $13,143 $955,995 $557,758 $398,237
2023 $12,911 $937,251 $546,822 $390,429
2022 $12,134 $918,874 $536,100 $382,774
2021 $11,876 $900,858 $525,589 $375,269
2019 $11,707 $875,000 $510,000 $365,000
2018 $11,339 $857,860 $500,000 $357,860
2017 $9,578 $705,589 $424,415 $281,174
2016 $8,919 $691,755 $416,094 $275,661
2015 $8,573 $681,365 $409,844 $271,521
2014 $8,537 $668,019 $401,816 $266,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17217479

California Regional Multiple Listing Service (CRMLS)