NOT LISTED FOR SALE
6 Beds
7 Baths
4,680 Sq Ft
7,475 Sq Ft

Last Sold September 29, 2021

Last sale price $1,565,000 $334 Per Sq Ft

1 Day on Market

Highlights

  • Level Lot
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Peace Park

About This Home

As of September 2021

Great investment opportunity to own a seven unit apartment community in a strong Long Beach rental market. There is lots of potential in future rent increases. Bring your tool box and creativity to do some TLC!!! A good candidate for the California ADU additions subject to the current California ADU Laws!!!

Last Agent to Sell the Property

Ahmad Bdeiwi

Matteh Realty Group Inc License #01760479 Listed on: 08/06/2021

Co-Listed By

Robert Stepp

Keller Williams Realty Downey License #01456379

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1905

Lot Details

  • 7,476 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 4,680 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269026021

Community Details

Overview

  • 4 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,763
  • Professional Management Expense $3,114
  • Operating Expense $28,972
  • Gross Income $103,800
  • Net Operating Income $74,828

Property Details

Home Type

Apartment

Year Built

Built in 1905

Lot Details

7,476 Sq Ft Lot

Listing Details

  • Professional Management Expense: 3114.00
  • Property Attached: No
  • Subdivision Name Other: ENO & VARNEY
  • Property Type: Residential Income
  • Parcel Number: 7269026021
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 334.40

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7476.00
  • Lot Size Acres: 0.1716

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 103800.00
  • Gross Scheduled Income: 103800.00
  • Insurance Expense: 3763.00
  • Lot Size Area: 7476.0000 Square Feet
  • Net Operating Income: 74828.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 28972.00
  • Rent Control: Yes
  • Total Expenses: 28972.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 5753.0
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2021 09/29/21 Sold $1,565,000 -3.7% $334 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $1,625,000 +47.7% $347 / Sq Ft
03/16/2016 03/16/16 Sold $1,100,000 -4.3% $235 / Sq Ft View Prior Sale
12/08/2015 12/08/15 Pending -- -- --
11/24/2015 11/24/15 For Sale $1,149,000 -- $246 / 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 $22,560 $1,660,790 $848,966 $811,824
2024 $21,593 $1,628,226 $832,320 $795,906
2023 $21,224 $1,596,300 $816,000 $780,300
2022 $19,928 $1,565,000 $800,000 $765,000
2021 $15,574 $1,203,008 $382,774 $820,234
2020 $15,533 $1,191,174 $378,850 $812,324
2019 $15,352 $1,167,828 $371,422 $796,406
2018 $14,908 $1,144,940 $364,140 $780,800
2016 $9,213 $710,675 $304,575 $406,100
2015 $8,859 $700,000 $300,000 $400,000
2014 $8,984 $700,000 $440,300 $259,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21174055

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.