Seller's Agent in 2021
Johnny Wong
PINNACLE REAL ESTATE GROUP
(909) 595-6697
1 in this area
27 Total Sales
137 W 6th St Unit 11 Long Beach, CA 90802
Downtown NeighborhoodEstimated Value: $5,591,717
19
Beds
18
Baths
12,955
Sq Ft
$432/Sq Ft
Est. Value
Highlights
- Automatic Gate
- 3-minute walk to Pacific Station
- High Ceiling
- Long Beach Polytechnic High School Rated A
- Open Floorplan
- Granite Countertops
About This Home
As of October 2021Mixed-use 10 Multifamily Apartment + Street Front Retail in Downtown Long Beach. Newer build with no rent control and low maintenance. Perfect for investment or 1031 Exchange. High demand rental area, the rare brand “Tech Coast Apartments”, a mix-use building located at 137 West 6th Street in Long Beach, California. Completed in October of 2016, the “Tech Coast Apartments” is a three-story 10 contemporary spacious units - sitting on top of 1,180 square feet of retail space, located in prime Downtown Long Beach at the North Pine District, which has a rich neighborhood feel with a selection of historic condos, apartments and single family homes. The property has an exceptional unit mix of one 1 bedroom + 1 Bath, Four 2 Bedroom + 2 Baths, and five 2 bedrooms + 2½ Baths Lofts. Each unit has individual balconies and features a refrigerator, dishwasher, microwave, oven, stove and washer/dryer hookups. It is a secured building with fourteen secured covered parking spots, one assigned parking spots per unit and 3 guest parkings.
Last Agent to Sell the Property
PINNACLE REAL ESTATE GROUP License #01244457 Listed on: 06/09/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $72,036
Year Built
- Built in 2016
Lot Details
- 7,501 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Interior Block Wall
Interior Spaces
- 12,955 Sq Ft Home
- 4-Story Property
- Elevator
- Open Floorplan
- High Ceiling
- Recessed Lighting
- Living Room with Fireplace
- Granite Countertops
- Laundry Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 19 Bedrooms
- 18 Bathrooms
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- Subterranean Parking
- Parking Available
- Automatic Gate
- Parking Lot
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 19 / 40
- Assessor Parcel Number 7273024020
Community Details
Overview
- 11 Units
- North Long Beach Subdivision
Building Details
- 11 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,825
- Insurance Expense $3,102
- Maintenance Expense $8,525
- Professional Management Expense $9,890
- Supplies Expense $7,500
- Water Sewer Expense $9,411
- New Taxes Expense $56,250
- Operating Expense $101,503
- Gross Income $329,676
- Net Operating Income $218,283
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2021
Closed on
Sep 28, 2021
Sold by
U S Hung Wui Investments Inc
Bought by
Warm Spring Flowers Coming Llc
Seller's Agent
Johnny Wong
PINNACLE REAL ESTATE GROUP
Buyer's Agent
Song Meng
Harvest Realty Development
List Price
$5,250,000
Sold Price
$5,200,000
Premium/Discount to List
-$50,000
-0.95%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,717
Avg. Annual Appreciation
2.34%
Original Mortgage
$2,980,000
Outstanding Balance
$2,723,372
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$2,951,334
Purchase Details
Closed on
Feb 2, 2017
Sold by
Racaa Investments Llc
Bought by
U S Hung Wui Investments Inc
Purchase Details
Closed on
Aug 22, 2013
Sold by
137 Wesix Llc
Bought by
Racaa Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.17%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 6, 2007
Sold by
Allright Corp
Bought by
Cpc Realty Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,190,400
Interest Rate
6.36%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Warm Spring Flowers Coming Llc | $5,200,000 | Wfg National Title Ins Co | |
| U S Hung Wui Investments Inc | $4,850,000 | Lawyers Title | |
| Racaa Investments Llc | -- | Chicago Title Company | |
| Cpc Realty Llc | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Warm Spring Flowers Coming Llc | $2,980,000 | |
| Previous Owner | Racaa Investments Llc | $375,000 | |
| Previous Owner | Cpc Realty Llc | $310,190,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/27/2021 10/27/21 | Sold | $5,200,000 | -1.0% | $401 / Sq Ft |
| 08/05/2021 08/05/21 | Pending | -- | -- | -- |
| 06/09/2021 06/09/21 | For Sale | $5,250,000 | -- | $405 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $72,036 | $5,518,281 | $997,535 | $4,520,746 |
| 2024 | $72,036 | $5,410,080 | $977,976 | $4,432,104 |
| 2023 | $70,782 | $5,304,000 | $958,800 | $4,345,200 |
| 2022 | $66,454 | $5,200,000 | $940,000 | $4,260,000 |
| 2021 | $66,025 | $5,234,187 | $964,981 | $4,269,206 |
| 2019 | $64,633 | $5,045,940 | $936,360 | $4,109,580 |
| 2018 | $63,075 | $4,947,000 | $918,000 | $4,029,000 |
| 2016 | $6,960 | $517,765 | $515,696 | $2,069 |
| 2015 | $6,605 | $509,988 | $507,950 | $2,038 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Paul Siu
PINNACLE REAL ESTATE GROUP
(909) 869-0285
1 in this area
82 Total Sales
-
S
Buyer's Agent in 2021
Song Meng
Harvest Realty Development
(626) 632-7225
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21124794
APN: 7273-024-020
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