NOT LISTED FOR SALE

1436 Walnut Ave Long Beach, CA 90813

Cambodia Town Neighborhood
1 Bed
2 Baths
6,712 Sq Ft
0.27 Acres

Last Sold April 20, 2016

Last sale price $1,825,000 $272 Per Sq Ft

10 Days on Market

About This Home

As of April 2016

• Substantial Upside in Rents
• Upgraded Units
• Individually-Metered for Electricity
• Recently-Painted & Beautifully-Landscaped
• Includes Adjacent Parking Lot for 13 Cars

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/29/2016

Last Buyer's Agent

Shaun Hurley

Coldwell Banker Realty License #00870450

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 26 Parking Spaces

Home Design

  • 6,712 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 7261014028

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $340
  • Insurance Expense $4,550
  • Maintenance Expense $12,214
  • Other Expense $4,468
  • Pest Control $835
  • Professional Management Expense $4,800
  • Trash Expense $2,560
  • Water Sewer Expense $2,560
  • New Taxes Expense $21,096
  • Gross Income $12,723
  • Net Operating Income $89,059

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2560.00
  • Property Type: Residential Income
  • Gardener Expense: 340.00
  • Parcel Number: 7261014028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 271.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 835.00
  • Trash Expense: 2560.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 11622.00
  • Price Per Lot Square Foot: 157.03
  • Lot Size Acres: 0.2670

Multi Family

  • Gross Income: 12723.00
  • Gross Multiplier: 12.18
  • Gross Scheduled Income: 152676.00
  • Insurance Expense: 4550.00
  • Lot Size Area: 11622.0000 Square Feet
  • Maintenance Expense: 12214.00
  • Net Operating Income: 89059.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 55983.00
  • Operating Expense Percent: 36.70
  • Other Expense: 4468.00
  • Other Expense Description: Lgl/Fees
  • Rent Control: No
  • Total Actual Rent: 12543.00
  • Vacancy Allowance: 7634
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 21096.00
  • Tax Lot: 52

Range of Values:

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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
04/20/2016 04/20/16 Sold $1,825,000 -1.9% $272 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $1,860,000 +66.1% $277 / Sq Ft
04/16/2014 04/16/14 Sold $1,120,000 -10.0% $167 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $1,245,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Gillin

    Morgan Skenderian

  • Shaun Hurley

    Buyer's Agent in 2016

    Shaun Hurley

    Coldwell Banker Realty

    (949) 463-4663

    44 Total Sales

    Shaun Hurley
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041802

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Cambodia Town

1436 Walnut Ave, Long Beach, CA

This home is located at 1436 Walnut Ave, Long Beach, CA 90813 since 29 February 2016. This property was built in 1923. 1436 Walnut Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High 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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