NOT LISTED FOR SALE
-- Bed
-- Bath
3,013 Sq Ft
5,287 Sq Ft Lot

Last Sold May 19, 2021

Last sale price $1,000,000 $332 Per Sq Ft

75 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 4-minute walk to 14th Street Park
  • Bike Trail

About This Home

As of May 2021

An exceptional opportunity to acquire an investment commercial 6 units, 7 bedrooms and 6 bathrooms, 2 car garages, plenty street parking. An opportunity awaits for those seeking an incomparable investment building in the up coming Long Beach neighborhoods, a unique blend of commercial and residential uses.

Last Agent to Sell the Property

Aisa Tu

AT Bespoke Real Estate License #01451448 Listed on: 01/03/2021

Last Buyer's Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,287 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,013 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer

Pool

  • No Permits for Pool

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7269-039-020
  • Tax Tract Number 726903
  • Assessor Parcel Number 7269039020

Community Details

Overview

  • 6 Units

Recreation

  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $100
  • Insurance Expense $2,030
  • Trash Expense $80
  • Water Sewer Expense $200
  • New Taxes Expense $8,448
  • Operating Expense $20,956
  • Gross Income $70,000
  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

5,287 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 21.00
  • Property Attached: Yes
  • Water Sewer Expenses: 200.00
  • Zoning: Commercial units
  • Property Type: Residential Income
  • Parcel Number: 7269039020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 331.90

Exterior Features

  • Pool Features: No Permits
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Outside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Suburban, Urban, Biking

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5287.00
  • Lot Size Acres: 0.1200

Multi Family

  • Fuel Expense: 100.00
  • Gross Income: 70000.00
  • Gross Scheduled Income: 70000.00
  • Insurance Expense: 2030.00
  • Lot Size Area: 5287.0000 Square Feet
  • Net Operating Income: 41000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 20956.00
  • Rent Control: No
  • Total Expenses: 20956.00

Tax Info

  • New Taxes Expense: 8448.00
  • Tax Lot: 7269-039-020
  • Tax Tract Number: 726903
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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 Prior Sale
05/19/2021 05/19/21 Sold $1,000,000 -9.1% $332 / Sq Ft
03/12/2021 03/12/21 For Sale $1,100,000 +10.0% $365 / Sq Ft
03/11/2021 03/11/21 Off Market $1,000,000 -- --
02/22/2021 02/22/21 Price Changed $1,100,000 -6.7% $365 / Sq Ft
02/02/2021 02/02/21 Price Changed $1,179,000 0.0% $391 / Sq Ft
02/02/2021 02/02/21 For Sale $1,179,000 +17.9% $391 / Sq Ft
02/02/2021 02/02/21 Off Market $1,000,000 -- --
01/03/2021 01/03/21 For Sale $1,275,000 +123.7% $423 / Sq Ft
04/08/2013 04/08/13 Sold $570,000 -3.2% $189 / Sq Ft View Prior Sale
03/21/2013 03/21/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $589,000 -- $195 / 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 $14,270 $1,082,430 $432,972 $649,458
2024 $14,270 $1,061,207 $424,483 $636,724
2023 $14,022 $1,040,400 $416,160 $624,240
2022 $13,170 $1,020,000 $408,000 $612,000
2021 $8,709 $648,453 $284,410 $364,043
2020 $8,687 $641,805 $281,494 $360,311
2019 $8,585 $629,222 $275,975 $353,247
2018 $8,312 $616,885 $270,564 $346,321
2016 $7,653 $592,932 $260,058 $332,874
2015 $7,357 $584,026 $256,152 $327,874
2014 $7,332 $572,587 $251,135 $321,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2100047

California Regional Multiple Listing Service (CRMLS)
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