Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
43 Total Sales
1501 E South St Long Beach, CA 90805
Nehyam Neighborhood
1
Bed
1
Bath
3,200
Sq Ft
1959
Built
About This Home
As of June 2018An excellent opportunity to acquire a 6-unit multifamily building in North Long Beach. Located at 1501 E South St. this multifamily asset was built in 1959. A complete renovation was done ten years ago including all new windows, countertops and other aesthetic upgrades. Units are individually metered and the roof passed inspection within the last year. It offers spacious one bedroom, one bath units with total building square footage of 3,200 square feet.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 3,920 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 5706
- Assessor Parcel Number 7123019025
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Insurance Expense $1,750
- Professional Management Expense $4,680
- New Taxes Expense $14,375
- Operating Expense $31,173
- Gross Income $93,600
- Net Operating Income $59,619
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2018 06/26/18 | Sold | $1,115,000 | -0.9% | $348 / Sq Ft |
| 05/11/2018 05/11/18 | For Sale | $1,125,000 | +0.9% | $352 / Sq Ft |
| 04/20/2018 04/20/18 | Off Market | $1,115,000 | -- | -- |
| 04/04/2018 04/04/18 | Price Changed | $1,125,000 | -2.2% | $352 / Sq Ft |
| 03/23/2018 03/23/18 | For Sale | $1,150,000 | -- | $359 / 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 | $16,506 | $1,268,675 | $284,454 | $984,221 |
| 2024 | $16,506 | $1,243,800 | $278,877 | $964,923 |
| 2023 | $16,220 | $1,219,412 | $273,409 | $946,003 |
| 2022 | $15,228 | $1,195,503 | $268,049 | $927,454 |
| 2021 | $14,915 | $1,172,063 | $262,794 | $909,269 |
| 2019 | $14,701 | $1,137,300 | $255,000 | $882,300 |
| 2018 | $4,697 | $317,256 | $111,423 | $205,833 |
| 2016 | $4,324 | $304,940 | $107,098 | $197,842 |
| 2015 | $4,166 | $300,361 | $105,490 | $194,871 |
| 2014 | $4,169 | $294,478 | $103,424 | $191,054 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Robert Stepp
Buyer's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
74 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18076227
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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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