NOT LISTED FOR SALE

1510 Orizaba Ave Long Beach, CA 90804

Zaferia Neighborhood
7 Beds
5 Baths
12,776 Sq Ft
9,489 Sq Ft Lot

Last Sold February 24, 2015

Last sale price $1,960,000 $153 Per Sq Ft

10 Days on Market

About This Home

As of February 2015

2 Story walk up in a great Eastside rental market. The building needs a facelift but has huge upside in the rents. Surplus of parking for this Eastside gem. Expenses are actual from 2013 and gas water and trash are combined into one under "gas" expense.

Last Agent to Sell the Property

AJ Nay

Maverick Apartment Investments License #01249470 Listed on: 11/25/2014

Co-Listed By

Kurt Schneiter

Maverick Apartment Investments License #01070130

Last Buyer's Agent

AJ Nay

Maverick Apartment Investments License #01249470 Listed on: 11/25/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,489 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 12,776 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 5,4
  • Tax Tract Number 54
  • Assessor Parcel Number 7259028021

Community Details

Overview

  • 2 Buildings
  • 15 Units

Building Details

  • 15 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,319
  • Gardener Expense $1,310
  • Insurance Expense $2,782
  • Maintenance Expense $21,464
  • Other Expense $1,508
  • Professional Management Expense $6,450
  • New Taxes Expense $24,531
  • Gross Income $14,254
  • Net Operating Income $94,733

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.86
  • Professional Management Expense: 6450.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Gardener Expense: 1310.00
  • Parcel Number: 7259028021
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 153.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9489.00
  • Lot Size Acres: 0.2180

Multi Family

  • Electric Expense: 1319.00
  • Gross Income: 14254.00
  • Gross Multiplier: 11.40
  • Gross Scheduled Income: 171048.00
  • Insurance Expense: 2782.00
  • Lot Size Area: 9489.0000 Square Feet
  • Maintenance Expense: 21464.00
  • Net Operating Income: 94733.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 67723.00
  • Other Expense: 1508.00
  • Rent Control: No
  • Total Actual Rent: 13919.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 24531.00
  • Tax Lot: 5,4
  • Tax Tract Number: 5,4
  • Tax Year: 2013

Range of Values:

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Average Value
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List Price
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 List to Sale Price per Sq Ft
02/24/2015 02/24/15 Sold $1,960,000 +0.5% $153 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
11/25/2014 11/25/14 For Sale $1,950,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    AJ Nay

    Maverick Apartment Investments

    Section Image

  • K

    Seller Co-Listing Agent in 2015

    Kurt Schneiter

    Maverick Apartment Investments

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14252757

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Zaferia

1510 Orizaba Ave, Long Beach, CA

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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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