NOT LISTED FOR SALE

1444 E 16th St Long Beach, CA 90813

Central Neighborhood
9 Beds
7 Baths
3,584 Sq Ft
6,424 Sq Ft Lot

Last Sold November 18, 2015

Last sale price $850,000 $237 Per Sq Ft

29 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Wood Fence

About This Home

As of November 2015

Awesome rental units with UPSIDE RENTS, 5-individual houses, 4-one bedroom and one bath cottages, 2-bedrooms and one bath house, and 2-units at the back with two bedrooms and one bedroom. Each unit have their own Individual water heater! Fairly well maintained with newer 25 years roof, copper plumbing, newer stucco, updated kitchen and bathrooms, some have wood laminate floor, fenced and low maintenance investment. Rents are upside, lots of room for increase. Very stable and quiet tenants, units are unfurnished tenants provide refrigerator and stove. With current Cap Rate of 5.61, Increase in rents could increase cap rate close to 6.0 There parking spaces for each unit inside compound and at the alley. Investors quote, "One Story are easier to maintain"!

Last Agent to Sell the Property

Zenaida Macapobre

Keller Williams South Bay License #01082663 Listed on: 09/24/2015

Keller Williams South Bay

Co-Listed By

Phillip Romero

Keller Williams South Bay License #00912910

Last Buyer's Agent

Zenaida Macapobre

Keller Williams South Bay License #01082663 Listed on: 09/24/2015

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,424 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 7 Parking Spaces

Home Design

  • Fire Rated Drywall

Interior Spaces

  • 3,584 Sq Ft Home
  • Living Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Assessor Parcel Number 7268034008

Community Details

Overview

  • 6 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $2,600
  • Maintenance Expense $1,200
  • Pest Control $480
  • Water Sewer Expense $2,100
  • New Taxes Expense $11,875
  • Gross Income $5,950
  • Net Operating Income $50,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 5.61
  • Property Attached: No
  • Road Surface Type: Maintained
  • View: No
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7268034008
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 237.17
  • Room Type: Living Room

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6424.00
  • Price Per Lot Square Foot: 132.32
  • Lot Size Acres: 0.1470

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5950.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 6424.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 50250.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 19035.00
  • Rent Control: No
  • Vacancy Allowance: 2142

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Lot: 12
  • Tax Tract Number: Lots

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
11/18/2015 11/18/15 Sold $850,000 -11.4% $237 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $959,900 -- $268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2015

    Zenaida Macapobre

    Keller Williams South Bay

    (310) 930-6455

    14 Total Sales

    Zenaida Macapobre
    Section Image

  • P

    Seller Co-Listing Agent in 2015

    Phillip Romero

    Keller Williams South Bay

    (310) 375-3511

    4 Total Sales

    Phillip Romero
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15211081

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

1444 E 16th St, Long Beach, CA

This home is located at 1444 E 16th St, Long Beach, CA 90813 since 24 September 2015. This property was built in 1924. 1444 E 16th St 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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