NOT LISTED FOR SALE
7 Beds
6 Baths
3,033 Sq Ft
7,506 Sq Ft Lot

Sale Details

Date Sold: September 13, 2013

Last sale price $600,700 $198 Per Sq Ft

273 Days on Market

Highlights

  • No Units Above
  • Gated Community
  • Views
  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Resident Manager or Management On Site

About This Home

As of September 2013

BACK ON THE MARKET: MOTIVATED SELLER!!! If you are looking for 6 units in LONG BEACH, you MUST see this one!!! It stands out from the rest. Priced to sell! No rent control! Low maintenance! Great location and amazing Potential! Conveniently located in a well established street and neighborhood,close to stores, amenities and Freeway. It features 6 well kept units, 6 stable tenants, 5 assigned garages (all of them with easy access trough the alley right behind of the property), plenty of parking on street, 1 single building, independent gas and electric meters. Unit distribution is as follows: Five(x5) 1B/1b units and 1 (1x) 2B/1b unit. Property features a fresh layout with an open area for kids to play or tenants to meet and enjoy a nice view and easy access. This along ensures easy tenant turnout in the unlikely event of vacancy!. Nicely landscaped, well maintained, new windows in all units, new ceramic floors, new patio floors, plants, properly fenced with easy and clean access though the front and the alley. You will not be disappointed ! *There is also a "7th unit" that produces extra income. See remarks for additional info.

Last Agent to Sell the Property

Enrique Vasquez-Plaza

Century 21 Masters License #01868555 Listed on: 06/17/2013

Century 21 Masters

Last Buyer's Agent

Enrique Vasquez-Plaza

Century 21 Masters License #01868555 Listed on: 06/17/2013

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,506 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Chain Link Fence
  • Pipe Fencing
  • Fence is in excellent condition
  • Paved or Partially Paved Lot

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Shingle Roof

Interior Spaces

  • 3,033 Sq Ft Home
  • Window Screens
  • Tile Flooring
  • Window Bars
  • Laundry in unit
  • Property Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 6 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Type Unknown
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 15
  • Assessor Parcel Number 7269002008

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $65
  • Insurance Expense $1,495
  • Water Sewer Expense $2,760
  • New Taxes Expense $9,449
  • Gross Income $4,975
  • Net Operating Income $43,511

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,506 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • Security: Gated Community, Resident Manager, Window Bars
  • View: Yes
  • Water Sewer Expenses: 2760.00
  • Property Type: Residential Income
  • Parcel Number: 7269002008
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 198.05
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • Exterior Features: Satellite Dish
  • Fencing: Chain Link, Pipe, Excellent Condition
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 65.00
  • Gross Income: 4975.00
  • Gross Scheduled Income: 59700.00
  • Insurance Expense: 1495.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 43511.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 16189.00
  • Rent Control: No
  • Total Actual Rent: 4975.00

Tax Info

  • New Taxes Expense: 9449.00
  • Tax Lot: 16
  • Tax Tract Number: 15
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2013
Closed on
Jul 26, 2013
Sold by
Bought by
Seller's Agent
Enrique Vasquez-Plaza
Century 21 Masters
Buyer's Agent
Enrique Vasquez-Plaza
Century 21 Masters
List Price
$619,900
Sold Price
$600,700
Premium/Discount to List
-$19,200
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
0.0446%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
0.0639%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
0.065%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$620,000 Pacific Coast Title
$704,000 Alliance Title Company
-- --
$277,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $438,750
Previous Owner $456,000
Previous Owner $285,000
Previous Owner $207,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/13/2013 09/13/13 Sold $600,700 -3.1% $198 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $619,900 -- $204 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,870 $759,902 $306,461 $453,441
2024 $10,399 $745,002 $300,452 $444,550
2023 $10,215 $730,395 $294,561 $435,834
2022 $9,606 $716,075 $288,786 $427,289
2021 $9,398 $702,035 $283,124 $418,911
2019 $9,264 $681,214 $274,727 $406,487
2018 $8,949 $667,858 $269,341 $398,517
2016 $8,241 $641,926 $258,883 $383,043
2015 $7,921 $632,285 $254,995 $377,290
2014 $7,892 $619,900 $250,000 $369,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12130273

California Regional Multiple Listing Service (CRMLS)
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