NOT LISTED FOR SALE
11 Beds
9 Baths
9,250 Sq Ft
7,360 Sq Ft Lot

Sale Details

Date Sold: April 1, 2016

Last sale price $1,750,000 $189 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Landscaped
  • 4-minute walk to Peace Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2016

Great bread and butter units 10 one bedroom units and 2 2 bedroom units. Long term tenants rents are very low. Drive by only

Last Agent to Sell the Property

Todd Turley

Coldwell Banker Realty License #01041359 Listed on: 02/05/2016

Coldwell Banker Realty

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,360 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Landscaped

Parking

  • 6 Car Garage

Home Design

  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 9,250 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 13
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269026023

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $4,200
  • Professional Management Expense $7,500
  • Trash Expense $1,000
  • Water Sewer Expense $2,500
  • New Taxes Expense $22,050
  • Gross Income $11,590
  • Net Operating Income $99,130

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,360 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 5.60
  • Professional Management Expense: 7500.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Parcel Number: 7269026023
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 189.19

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Appliances: Disposal, Gas Range
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7360.00
  • Price Per Lot Square Foot: 237.77
  • Lot Size Acres: 0.1690

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 11590.00
  • Gross Multiplier: 12.58
  • Gross Scheduled Income: 139080.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 7360.0000 Square Feet
  • Net Operating Income: 99130.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 39950.00
  • Rent Control: No
  • Total Actual Rent: 11480.00

Tax Info

  • New Taxes Expense: 22050.00
  • Tax Area: 11933
  • Taxes Percent: 1.26
  • Tax Lot: 13
  • Tax Tract Number: 5753
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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
04/01/2016 04/01/16 Sold $1,750,000 0.0% $189 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $1,750,000 -- $189 / 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 $31,430 $2,262,500 $862,500 $1,400,000
2024 $26,820 $1,984,597 $580,291 $1,404,306
2023 $26,351 $1,945,684 $568,913 $1,376,771
2022 $24,751 $1,907,534 $557,758 $1,349,776
2021 $24,223 $1,870,132 $546,822 $1,323,310
2019 $23,876 $1,816,305 $530,604 $1,285,701
2018 $23,254 $1,780,724 $520,200 $1,260,524
2016 $14,922 $1,150,000 $414,000 $736,000
2015 $14,540 $1,150,000 $414,000 $736,000
2014 $13,609 $1,050,000 $378,000 $672,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16025702

California Regional Multiple Listing Service (CRMLS)
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