NOT LISTED FOR SALE

1440 Pacific Ave Long Beach, CA 90813

Washington School Neighborhood
3 Beds
2 Baths
6,140 Sq Ft
7,501 Sq Ft Lot

Last Sold January 31, 2014

Last sale price $956,000 $156 Per Sq Ft

139 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Carpet
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of January 2014

LARGE 8-unit building with on-site parking for all tenants. Front building is 2-1 Bdrms., Rear building is 6-2 Bdrms. All 2 Bdrm units have Washer and Dryer Hookups. NO RENT CONTROL! All long term tenants. Rear building is freshly painted. Centrally located close to schools, shopping and transportation.

Last Agent to Sell the Property

Cris Molles

The Realestate Group License #01345419 Listed on: 11/05/2013

The Realestate Group

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 6,140 Sq Ft Home
  • City Lights Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7269
  • Tax Tract Number 6
  • Assessor Parcel Number 7269006012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,268
  • Maintenance Expense $3,128
  • Other Expense $3,075
  • Pest Control $471
  • Professional Management Expense $4,700
  • Supplies Expense $152
  • New Taxes Expense $11,144
  • Gross Income $8,280
  • Net Operating Income $68,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 7.80
  • Price Per Unit: 121125
  • Professional Management Expense: 4700.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Supplies Expense: 152.00
  • View: Yes
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7269006012
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 155.70

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Pest Control Expense: 471.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 8280.00
  • Gross Multiplier: 9.75
  • Gross Scheduled Income: 99360.00
  • Gross Spendable Income: 68720.00
  • Insurance Expense: 2268.00
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 3128.00
  • Net Operating Income: 68720.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 30640.00
  • Operating Expense Percent: 31.00
  • Other Expense: 3075.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Actual Rent: 8140.00
  • Vacancy Allowance: 1987
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 11144.00
  • Taxes Percent: 1.15
  • Tax Lot: 7269
  • Tax Tract Number: 006
  • Tax Year: 2012

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
01/31/2014 01/31/14 Sold $956,000 -1.3% $156 / Sq Ft
11/22/2013 11/22/13 Pending -- -- --
07/06/2013 07/06/13 For Sale $969,000 -- $158 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cris Molles

    The Realestate Group

    (310) 540-0072

    1 in this area

    4 Total Sales

    Cris Molles
    Section Image

  • S

    Buyer's Agent in 2014

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    91 Total Sales

    Steve Bogoyevac
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13133148

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Washington School

1440 Pacific Ave, Long Beach, CA

This home is located at 1440 Pacific Ave, Long Beach, CA 90813 since 05 November 2013. This property was built in 1962. 1440 Pacific Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Washington 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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