NOT LISTED FOR SALE
6 Beds
7 Baths
4,680 Sq Ft
7,476 Sq Ft Lot Lot

Sale Details

Date 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21174055

California Regional Multiple Listing Service (CRMLS)
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