S
Seller's Agent in 2019
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
1 in this area
89 Total Sales
1505 E 11th St Long Beach, CA 90813
Cambodia Town Neighborhood
5
Beds
4
Baths
13,924
Sq Ft
10,202
Sq Ft Lot
Highlights
- 0.23 Acre Lot
- Property is near a park
- Radiant Heating System
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 4-minute walk to Douglas Macarthur Park
About This Home
As of September 20191505 East 11th Street, a 21-unit apartment building in Long Beach, California. The property is located in a dense rental area of Eastside Long Beach south of Anaheim Street and between Hoffman and Walnut avenues. This offering presents a great opportunity for an investor to acquire an asset in good condition in a strong rental market and capture huge potential upside in rents.
The property consists of a 1964 construction building with two two-bed/one-bath, nine two-bed/one-and-one-half-bath, seven one-bed/one-bath and three studio units. The units are separately metered for gas and electricity, and the building also offers income-generating on-site laundry and garage parking.
1505 East 11th Street has been well-maintained and boasts recent improvements that include updated copper plumbing, a new mainline, new gutters, new exterior lighting, a newer roof (replaced within the past five years), and the exterior was recently repainted.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/13/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 10,202 Sq Ft Lot
- No Common Walls
Parking
- 21 Car Garage
Interior Spaces
- 13,924 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Location
- Property is near a park
- Urban Location
Utilities
- Radiant Heating System
Listing and Financial Details
- Tax Lot 4,5
- Tax Tract Number 4
- Assessor Parcel Number 7267001036
Community Details
Building Details
- Rent Control
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- Operating Expense $125,268
- Gross Income $348,004
- Net Operating Income $226,645
Additional Features
- 21 Units
- Laundry Facilities
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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 | Prior Sale |
|---|---|---|---|---|---|
| 09/27/2019 09/27/19 | Sold | $4,527,000 | -2.6% | $325 / Sq Ft | |
| 07/15/2019 07/15/19 | Pending | -- | -- | -- | |
| 06/14/2019 06/14/19 | Price Changed | $4,650,000 | -89.6% | $334 / Sq Ft | |
| 06/13/2019 06/13/19 | For Sale | $44,650,000 | +2300.5% | $3,207 / Sq Ft | |
| 11/30/2012 11/30/12 | Sold | $1,860,000 | -11.4% | $134 / Sq Ft | View Prior Sale |
| 08/13/2012 08/13/12 | Pending | -- | -- | -- | |
| 03/24/2012 03/24/12 | For Sale | $2,099,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Anthony Walker
Buyer's Agent in 2019
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
4 in this area
90 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19140072
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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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