S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
87 Total Sales
1438 Pacific Ave Long Beach, CA 90813
Washington School Neighborhood
3
Beds
2
Baths
6,140
Sq Ft
7,500
Sq Ft Lot
About This Home
As of March 20171438 Pacific Avenue is located in the city’s Washington neighborhood south of Pacific Coast Highway and west of Long Beach Boulevard. It is just across the street from George Washington Middle School and within walking distance of Seaside Park.
The property comprises two well-maintained buildings, a front duplex and a rear six-unit building. The unit mix consists of two one-bedroom/one-bath units and six two-bedroom/one-bath units. The property also offers gated on-site parking.
With strong cash flow on current rents and some potential upside, 1438 Pacific Avenue is a great opportunity for any investor.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/19/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,500 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 6,140 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Tax Lot 012
- Tax Tract Number 6
- Assessor Parcel Number 7269006012
Community Details
Overview
- 2 Buildings
- 8 Units
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,763
- Maintenance Expense $6,000
- Other Expense $6,694
- Pest Control $880
- Professional Management Expense $5,125
- New Taxes Expense $15,549
- Operating Expense $40,268
- Net Operating Income $62,234
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2017 03/17/17 | Sold | $1,270,000 | +2.0% | $207 / Sq Ft |
| 10/24/2016 10/24/16 | Pending | -- | -- | -- |
| 10/19/2016 10/19/16 | For Sale | $1,245,000 | -- | $203 / 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 | $19,570 | $1,473,940 | $580,292 | $893,648 |
| 2024 | $19,570 | $1,445,040 | $568,914 | $876,126 |
| 2023 | $19,233 | $1,416,707 | $557,759 | $858,948 |
| 2022 | $18,072 | $1,388,929 | $546,823 | $842,106 |
| 2021 | $17,685 | $1,361,696 | $536,101 | $825,595 |
| 2020 | $17,638 | $1,347,734 | $530,604 | $817,130 |
| 2019 | $17,432 | $1,321,308 | $520,200 | $801,108 |
| 2018 | $16,913 | $1,295,400 | $510,000 | $785,400 |
| 2016 | $12,599 | $989,868 | $304,575 | $685,293 |
| 2015 | $12,109 | $975,100 | $305,994 | $669,106 |
| 2014 | -- | $700,000 | $400,000 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Kirby Larson
Buyer's Agent in 2017
Kirby Larson
RE/MAX
(310) 897-2257
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16729182
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.
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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