Seller's Agent in 2019
Christian Milner
Christian Milner Realty Group
(310) 425-9838
5 Total Sales
1532 Pacific Ave Long Beach, CA 90813
Washington School Neighborhood
8
Beds
3
Baths
3,360
Sq Ft
7,593
Sq Ft Lot
About This Home
As of June 2019BEST DEAL in Long Beach. 4 plex across from Washington Middle School with over 4000 square feet of raw land. 3300 square foot building in the front has the property cash flowing at a current 5.6% cap rate, rent upside to a 7-8% cap rate. Great unit mix, building has (2) 3 bed/1 bath units and (2) 2 bed/1 bath units. Prime location, less than a mile to PCH and downtown Long Beach. All tenants on a month to month lease.
Last Agent to Sell the Property
Christian Milner Realty Group License #02059572 Listed on: 03/26/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,592 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 3,360 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Parking
- Parking Available
- Unpaved Parking
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 726900
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $640
- Fuel Expense $640
- Insurance Expense $640
- Trash Expense $640
- Water Sewer Expense $640
- New Taxes Expense $12,813
- Operating Expense $19,756
- Gross Income $79,980
- Net Operating Income $57,825
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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 |
|---|---|---|---|---|
| 06/20/2019 06/20/19 | Sold | $1,000,000 | -2.4% | $298 / Sq Ft |
| 05/02/2019 05/02/19 | Price Changed | $1,025,000 | -2.4% | $305 / Sq Ft |
| 03/26/2019 03/26/19 | For Sale | $1,050,000 | -- | $313 / 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 | $14,782 | $1,115,512 | $557,756 | $557,756 |
| 2024 | $14,782 | $1,093,640 | $546,820 | $546,820 |
| 2023 | $14,527 | $1,072,198 | $536,099 | $536,099 |
| 2022 | $13,650 | $1,051,176 | $525,588 | $525,588 |
| 2021 | $13,367 | $1,030,566 | $515,283 | $515,283 |
| 2020 | $13,333 | $1,020,000 | $510,000 | $510,000 |
| 2019 | $11,056 | $824,705 | $382,363 | $442,342 |
| 2018 | $10,658 | $808,535 | $374,866 | $433,669 |
| 2016 | $7,532 | $580,000 | $272,100 | $307,900 |
| 2015 | $7,340 | $580,000 | $272,100 | $307,900 |
| 2014 | $6,521 | $500,000 | $234,600 | $265,400 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Milner
-
Cameron Samimi
Seller Co-Listing Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
205 Total Sales
-
Afshin Eskandari
Buyer's Agent in 2019
Afshin Eskandari
West Shores Realty, Inc.
(310) 433-4806
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19067377
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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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