NOT LISTED FOR SALE

1403 Obispo Ave Long Beach, CA 90804

Zaferia Neighborhood
-- Bed
-- Bath
7,424 Sq Ft
7,419 Sq Ft Lot

Last Sold June 11, 2012

Last sale price $900,000 $121 Per Sq Ft

34 Days on Market

Highlights

  • Traditional Architecture
  • Woodrow Wilson High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of June 2012

THIS 7 UNIT BUILDING HAVE ALMOST NO TURN OVER IN THE PAST 8 YEARS. THE BUILDING HAS A 1 YEAR OLD ROOF AND EVES. NEWER FIBERGLASS COATING ON THE STEPS. IT ALSO HAS BEEN FRESHLY PAINTED. UNIT NUMBER 7 HAD BEEN UPGRADED LESS THAN 1 YEAR AGO. THE BUILDING HAS A SECURITY FENCE 100% AROUND IT FOR TENANT SAFETY. COPPER PLUMBING THROUGHOUT WITH CENTRAL WATER HEATER FOR ALL UNITS. LAUNDRY EQUIPMENT IS PRIVATELY OWNED GENERATING EXTRA INCOME.

Last Agent to Sell the Property

Leonard Sinatra

ERA West Coast Real Estate License #01215080 Listed on: 02/07/2012

Last Buyer's Agent

Fred Provencher

Provencher, Fred License #00852148

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,419 Sq Ft Lot

Parking

  • 5 Car Garage

Home Design

  • 7,424 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 7259023015

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $40
  • Gardener Expense $80
  • Insurance Expense $2,600
  • Water Sewer Expense $225
  • New Taxes Expense $12,312
  • Gross Income $6,829
  • Net Operating Income $75,058

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 8.11
  • View: No
  • Water Sewer Expenses: 225.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 7259023015
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 121.23

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7419.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 40.00
  • Gross Income: 6829.00
  • Gross Multiplier: 11.29
  • Gross Scheduled Income: 81948.00
  • Insurance Expense: 2600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7419.0000 Square Feet
  • Net Operating Income: 75058.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Dishwasher: 1
  • Number With Disposal: 7
  • Number With Refrigerator: 1
  • Operating Expense: 6890.00

Tax Info

  • New Taxes Expense: 12312.00
  • Tax Area: 11933
  • Tax Lot: 0.

Range of Values:

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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 Change Sq Ft Price
06/11/2012 06/11/12 Sold $900,000 -8.6% $121 / Sq Ft
03/12/2012 03/12/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $985,000 -- $133 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Leonard Sinatra

    ERA West Coast Real Estate

  • F

    Buyer's Agent in 2012

    Fred Provencher

    Provencher, Fred

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P811360

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Zaferia

1403 Obispo Ave, Long Beach, CA

This home is located at 1403 Obispo Ave, Long Beach, CA 90804 since 07 February 2012. This property was built in 1959. 1403 Obispo Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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