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

Purchase 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 Buyer Sale Price Title Company
$1,650,000 Wfg National Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $1,425,000
Closed $160,000
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
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

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 $25,436 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23091286

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

Ask me questions while you tour the home.