S
Seller's Agent in 2019
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
86 Total Sales
1557 Pine Ave Long Beach, CA 90813
Washington School Neighborhood
5
Beds
4
Baths
4,952
Sq Ft
7,471
Sq Ft Lot
About This Home
As of June 2019557 Pine Avenue, a six-unit apartment property in Long Beach, California. The property is located in Long Beach’s Washington neighborhood just south of Pacific Coast Highway and conveniently near the Metro Blue Line and the 710 Freeway.
1557 Pine Avenue consists of three buildings: a fourplex, a freestanding house, and a rear building with a single unit above four single-car garages. The front fourplex offers two one-bed/one-bath and two two-bed/one-bath units that are all 924 square feet, and the freestanding house is a 970-square foot unit with two bedrooms and one and one-half baths. All of the units are separately metered for gas and electricity.
With a solid unit mix in a strong rental market, 1557 Pine Avenue presents an excellent opportunity for an investor to add value and capture substantial potential upside in rents.
Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/06/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 7,471 Sq Ft Lot
- No Common Walls
- Lawn
- Front Yard
Parking
- 4 Car Garage
Home Design
- 4,952 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 7269007011
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,857
- Operating Expense $32,011
- Gross Income $84,300
- Net Operating Income $49,760
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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 |
|---|---|---|---|---|
| 06/14/2019 06/14/19 | Sold | $1,230,000 | -1.6% | $248 / Sq Ft |
| 04/08/2019 04/08/19 | Pending | -- | -- | -- |
| 03/06/2019 03/06/19 | Price Changed | $1,250,000 | -5.7% | $252 / Sq Ft |
| 02/21/2019 02/21/19 | Price Changed | $1,325,000 | -2.9% | $268 / Sq Ft |
| 02/06/2019 02/06/19 | For Sale | $1,365,000 | -- | $276 / 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 | $18,000 | $1,372,083 | $669,309 | $702,774 |
| 2024 | $18,000 | $1,345,181 | $656,186 | $688,995 |
| 2023 | $17,694 | $1,318,806 | $643,320 | $675,486 |
| 2022 | $16,621 | $1,292,948 | $630,706 | $662,242 |
| 2021 | $16,275 | $1,267,597 | $618,340 | $649,257 |
| 2020 | $16,232 | $1,254,600 | $612,000 | $642,600 |
| 2019 | $2,676 | $125,226 | $57,860 | $67,366 |
| 2018 | $2,478 | $122,772 | $56,726 | $66,046 |
| 2017 | $2,452 | $120,365 | $55,614 | $64,751 |
| 2016 | $2,265 | $118,006 | $54,524 | $63,482 |
| 2015 | $2,197 | $116,234 | $53,705 | $62,529 |
| 2014 | $2,221 | $113,958 | $52,653 | $61,305 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Marty Stone
Buyer's Agent in 2019
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19028359
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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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