NOT LISTED FOR SALE

1530 Park Ave Long Beach, CA 90815

Traffic Circle Neighborhood
12 Beds
7 Baths
12,652 Sq Ft
0.28 Acres

Last Sold March 25, 2014

Last sale price $3,200,000 $253 Per Sq Ft

20 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Ceiling Fan
  • Stanford Middle School Rated A-
  • Landscaped
  • Turnkey

About This Home

As of March 2014

This is a Long Beach investment opportunity at its best! A fantastic income-producing apartment complex. 13 Units plus an additional Studio, great unit mix: 1 3-bed / 2-bath, 12 2-bed / 1-bath, 1 Studio. No Vacancies, very low turnover rate, some long-term tenants, and always a wait-list for new renters. The location is PERFECT, tucked into a nice CSULB-friendly neighborhood directly off of Pacific Coast Highway, walking distance to shopping and restaurants. Private garages for most of the units. This is a pride-of-ownership complex. The Seller keeps the building immaculate, always freshly painted, with pristine landscaping. The tenants are respectful of their environment, with many wonderful families helping to maintain the integrity of the building. No rent control. On-site laundry facility with machines that are owned, not rented, and is a fantastic added income-producer! An absolute winner.

Last Agent to Sell the Property

Jeremy Howard

EMBARQ License #01840936 Listed on: 01/10/2014

Last Buyer's Agent

Shana Klisanin

Baytown Realty License #01196063

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Brick Fence
  • Landscaped

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 12,652 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 53
  • Tax Tract Number 15865
  • Assessor Parcel Number 7220004029

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Water Sewer Expense $5,586
  • New Taxes Expense $19,000
  • Gross Income $21,030
  • Net Operating Income $220,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: College Park Estates (CPS)
  • Water Sewer Expenses: 5586.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7220004029
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 252.92

Exterior Features

  • Fencing: Brick
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Electric Cooktop, Disposal
  • Heating Type: Radiant
  • Laundry Features: Community, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 12003.00
  • Lot Size Acres: 0.2760

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 21030.00
  • Gross Multiplier: 12.67
  • Gross Scheduled Income: 252360.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 12003.0000 Square Feet
  • Net Operating Income: 220030.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 32330.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 19000.00
  • Tax Lot: 53
  • Tax Tract Number: 15865

Range of Values:

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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
03/25/2014 03/25/14 Sold $3,200,000 +0.2% $253 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $3,195,000 -- $253 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeremy Howard

    Seller's Agent in 2014

    Jeremy Howard

    EMBARQ

    (704) 607-8012

    16 Total Sales

    Jeremy Howard
    Section Image
  • Shana Klisanin

    Buyer's Agent in 2014

    Shana Klisanin

    Baytown Realty

    (310) 867-0142

    45 Total Sales

    Shana Klisanin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14012304

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90815 Traffic Circle

1530 Park Ave, Long Beach, CA

This home is located at 1530 Park Ave, Long Beach, CA 90815 since 10 January 2014. This property was built in 1963. 1530 Park Ave is a home located in Los Angeles County with nearby schools including Bixby Elementary School, Stanford Middle School, and Woodrow Wilson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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