NOT LISTED FOR SALE
8 Beds
8 Baths
7,675 Sq Ft
5,463 Sq Ft Lot

Last Sold February 20, 2015

Last sale price $1,440,000 $188 Per Sq Ft

46 Days on Market

Highlights

  • 0.13 Acre Lot
  • Fireplace
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Living Room
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of February 2015

Gorgeous well kept Spanish style 8-unit apartment building in the nice city of Long Beach. The property is located just blocks (walking distance) from Alamitos Beach! Each unit features a bright and airy open floor plan with spacious 1 bedroom and 1 bathroom with wood floors, good size closet, and good size kitchen with vinyl floor. Other features are indoor community laundry room with deep laundry sink, indoor mailbox area, 2 cute lounge areas in the building, and cozy community patio area. Gorgeous views from roof top, which is accessible to tenants for parties or just to sunbathe or relax. Subterranean parking spaces are accessible through a remote controlled and secured garage door.

Last Agent to Sell the Property

Marilyn Lee

SOUTH POINTE PROPERTIES License #01131365 Listed on: 11/10/2014

Last Buyer's Agent

Chrisafina Karasavas

Vista Sotheby's International Realty License #01953697

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,463 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 7 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 7,675 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5765
  • Assessor Parcel Number 7275012014

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $2,158
  • Maintenance Expense $2,590
  • Trash Expense $1,000
  • Water Sewer Expense $3,024
  • New Taxes Expense $10,179
  • Gross Income $8,150
  • Net Operating Income $72,249

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Inclusions: Refrigerator and stove in each unit
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3024.00
  • Property Type: Residential Income
  • Parcel Number: 7275012014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 187.62
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 5463.00
  • Lot Size Acres: 0.1250

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 8150.00
  • Gross Scheduled Income: 97800.00
  • Insurance Expense: 2158.00
  • Lot Size Area: 5463.0000 Square Feet
  • Maintenance Expense: 2590.00
  • Net Operating Income: 72249.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 25551.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10179.00
  • Tax Lot: 2
  • Tax Tract Number: 5765
  • Tax Year: 2013

Range of Values:

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Sold Price
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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 Change Sq Ft Price
02/20/2015 02/20/15 Sold $1,440,000 -26.2% $188 / Sq Ft
12/26/2014 12/26/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $1,950,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14241032

California Regional Multiple Listing Service (CRMLS)