$815,000
SOLD AUG 9, 2012

1547 W 19th St Long Beach, CA 90810

Lower Westside Neighborhood
17 Beds
9 Baths
6,720 Sq Ft
6,160 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

14% Below List Price

321 Days on Market

About This Home

As of April 2016

Seller motivated !! 9 units for sale (8) 2 bedrooms/1 bath (1)1 bedroom /1 bath located in a strong rental area close to shopping centers and easy access to the 710FWY. Secure gated building with 2 garages in the front and 4 in the back, most units have been rehabbed with newer paint,carpet,etc. Laundry facility onsite. Certified Lead Base Paint Free. GRM & CAP are based on ACTUAL INCOME & EXPENSES.

Last Agent to Sell the Property

Rich McHugh

Realty One Group West License #00907876 Listed on: 08/25/2011

Realty One Group West

Last Buyer's Agent

Rich McHugh

Realty One Group West License #00907876 Listed on: 08/25/2011

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Parking

  • 12 Parking Spaces

Home Design

  • 6,720 Sq Ft Home

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Bathrooms

Additional Features

  • 6,160 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 29 / 10
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431026019

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $577
  • Gardener Expense $900
  • Insurance Expense $1,645
  • Pest Control $587
  • Professional Management Expense $4,011
  • Trash Expense $2,474
  • Water Sewer Expense $3,079
  • New Taxes Expense $10,945
  • Gross Income $8,625
  • Net Operating Income $66,860

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.78
  • Price Per Unit: 95444
  • Professional Management Expense: 4011.00
  • View: No
  • Water Sewer Expenses: 3079.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7431026019
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 121.28

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 587.00
  • Trash Expense: 2474.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6160.00
  • Lot Size Acres: 0.1410

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 577.00
  • Gross Income: 8625.00
  • Gross Multiplier: 8.30
  • Gross Scheduled Income: 103500.00
  • Insurance Expense: 1645.00
  • Lot Size Area: 6160.0000 Square Feet
  • Net Operating Income: 66860.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 31465.00
  • Total Actual Rent: 8625.00
  • Vacancy Allowance: 5175
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10945.00
  • Tax Area: 5501
  • Tax Block: 10
  • Tax Lot: 29
  • Tax Tract Number: 1833

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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
04/22/2016 04/22/16 Sold $1,460,000 -2.3% $217 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $1,495,000 +83.4% $222 / Sq Ft
08/09/2012 08/09/12 Sold $815,000 -14.1% $121 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
08/25/2011 08/25/11 For Sale $949,000 -- $141 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jack Levis

    Seller's Agent in 2016

    Jack Levis

    CBRE Inc.

    (310) 890-3208

    Section Image
  • Kevin King

    Buyer's Agent in 2016

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    45 Total Sales

    Kevin King
    Section Image

  • R

    Seller's Agent in 2012

    Rich McHugh

    Realty One Group West

    (714) 425-8441

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S671564

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90810 Lower Westside

1547 W 19th St, Long Beach, CA

This home is located at 1547 W 19th St, Long Beach, CA 90810 and is currently priced at $815,000, approximately $121 per square foot. This property was built in 1962. 1547 W 19th St is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and We the People High School.

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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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