NOT LISTED FOR SALE
-- Bed
6 Baths
4,644 Sq Ft
6,252 Sq Ft Lot Lot

Sale Details

Date Sold: September 22, 2023

Last sale price $1,650,000 $355 Per Sq Ft

17 Days on Market

Highlights

  • Art Studio
  • No HOA
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of September 2023

Great East side Long Beach Property in a high desire rental area conveniently close to schools, shops, stores, bus roads freeway , and Beach.
There is a total of 12 units studios units with one bath each. some of the units are remodeled. Vacancy is almost 0 due to high demand in the area.
All utilities is paid for by the Landlord

Last Agent to Sell the Property

Nurimar Larco

C-21 Astro License #01190723 Listed on: 07/11/2023

C-21 Astro

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,400

Year Built

  • Built in 1923

Lot Details

  • 6,252 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6 Bathrooms
  • 4,644 Sq Ft Home
  • 1-Story Property
  • Art Studio

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 3603
  • Assessor Parcel Number 7259007006
  • $1,860 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units
  • Eastside Subdivision

Building Details

  • 12 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $8,400
  • Fuel Expense $3,600
  • Gardener Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $6,000
  • Professional Management Expense $1,000
  • Trash Expense $2,604
  • Water Sewer Expense $1,800
  • Operating Expense $29,204
  • Gross Income $96,000
  • Net Operating Income $97,162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,400

Year Built

Built in 1923

Lot Details

6,252 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Professional Management Expense: 1000.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7259007006
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 355.30
  • Room Type: Art Studio, Kitchen

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Laundry: No
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Trash Expense: 2604.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6252.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 8400.00
  • Fuel Expense: 3600.00
  • Gross Income: 96000.00
  • Gross Multiplier: 14.00
  • Gross Operating Income: 136800.00
  • Gross Scheduled Income: 136800.00
  • Gross Spendable Income: 1042286.00
  • Insurance Expense: 4000.00
  • Lease Term: 12 Months
  • Lot Size Area: 6252.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 97162.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 39638.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Actual Rent: 136800.00
  • Total Expenses: 29204.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 42
  • Tax Tract Number: 3603
  • Tax Annual Amount: 11400.00
  • TaxOtherAnnualAssessmentAmount: 1860.00
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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 List to Sale Price per Sq Ft
09/22/2023 09/22/23 Sold $1,650,000 -12.7% $355 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $1,890,000 -- $407 / 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 $31,770 $1,836,000 $1,020,000 $816,000
2024 $31,770 $2,400,000 $1,250,000 $1,150,000
2023 $12,149 $820,421 $243,942 $576,479
2022 $11,434 $804,335 $239,159 $565,176
2021 $11,162 $788,565 $234,470 $554,095
2019 $11,002 $766,017 $227,516 $538,501
2018 $10,665 $751,014 $223,055 $527,959
2016 $9,832 $721,046 $214,395 $506,651
2015 $9,463 $710,216 $211,175 $499,041
2014 $9,457 $696,305 $207,039 $489,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23091286

California Regional Multiple Listing Service (CRMLS)
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