NOT LISTED FOR SALE
15 Beds
8 Baths
7,972 Sq Ft
6,748 Sq Ft Lot

Last Sold September 26, 2013

Last sale price $1,323,000 $166 Per Sq Ft

40 Days on Market

About This Home

As of September 2013

PRIME EAST SIDE/CIRCLE LOCATION. 1963 built balcony style on desirable corner lot. Unit mix is 1- 3 bedroom/1.5 bath, 5-2 bedroom/1.5 bath and 2-1 bedroom/1 bath. Amenities include laundry facility,6- garages, near Cal State Long Beach, Community Hospital, Shopping Centers, 405, 605 and 710 freeways and minutes to the beach. GREAT POTENTIAL UP SIDE IN UNIT AND GARAGE RENTS. Actual unit income shown ($101,340) includes garages, Pro Forma Annual Income $117,600. (Buyer to investigate pro forma market rents). PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY. DRIVE BY ONLY PLEASE. THANK YOU!!!

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Last Agent to Sell the Property

Larry Bustamante

Keller Williams Realty Downey License #00762602 Listed on: 07/09/2013

Keller Williams Realty Downey

Last Buyer's Agent

Suzanne Manhart

Nicola Lagudis License #01261019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,748 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 7,972 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 7259006024

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $616
  • Insurance Expense $1,431
  • Maintenance Expense $5,984
  • Trash Expense $1,050
  • Water Sewer Expense $2,100
  • New Taxes Expense $17,500
  • Gross Income $8,445
  • Net Operating Income $68,569

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Parcel Number: 7259006024
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 165.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1050.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6748.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 616.00
  • Gross Income: 8445.00
  • Gross Scheduled Income: 101340.00
  • Insurance Expense: 1431.00
  • Lot Size Area: 6748.0000 Square Feet
  • Maintenance Expense: 5984.00
  • Net Operating Income: 68569.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 29731.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Lot: 47
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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
09/26/2013 09/26/13 Sold $1,323,000 -5.5% $166 / Sq Ft
08/18/2013 08/18/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $1,400,000 -- $176 / 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 $36,143 $2,809,080 $1,768,680 $1,040,400
2024 $36,143 $2,754,000 $1,734,000 $1,020,000
2023 $35,298 $2,700,000 $1,700,000 $1,000,000
2022 $19,823 $1,528,267 $693,091 $835,176
2021 $19,393 $1,498,301 $679,501 $818,800
2019 $19,115 $1,453,863 $659,348 $794,515
2018 $18,580 $1,425,357 $646,420 $778,937
2016 $17,066 $1,370,011 $621,320 $748,691
2015 $16,391 $1,349,433 $611,988 $737,445
2014 $16,299 $1,323,000 $600,000 $723,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13136068

California Regional Multiple Listing Service (CRMLS)
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