Seller's Agent in 2015
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
52 Total Sales
1577 Pine Ave Long Beach, CA 90813
Washington School Neighborhood
12
Beds
10
Baths
6,360
Sq Ft
7,405
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 1 Car Garage
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2015This 10 unit apartment complex was built in 1955, and a significant renovation was completed in 2015. The renovations started with new exterior paint and landscaping, 5 new garage doors, and new outside lights throughout the property. The interiors also had significant renovations which included new carpet, paint, and completely updated kitchens with modern cabinetry, faucets and each unit comes equipped with a stovetop and refrigerator. The renovation also included plumbing, as well as the roof. This property consists of 6,360 rentable square feet and a lot size of 0.17 acres. There are eight one-bedroom/one-bath units, and two two-bedroom/one-bath units. There is an on-site laundry room for tenant’s convenience, and private gated entrances. The property is separately metered for gas and electricity, which keeps the expenses to a minimum. This is a great opportunity for an investment property located in a great rental market.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 10/19/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 6,360 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 007
- Tax Tract Number 7
- Assessor Parcel Number 7269007007
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $408
- Gardener Expense $720
- Insurance Expense $1,800
- Maintenance Expense $7,500
- Pest Control $720
- Professional Management Expense $8,316
- Trash Expense $1,476
- Water Sewer Expense $4,942
- New Taxes Expense $19,800
- Gross Income $11,550
- Net Operating Income $87,524
Create a Home Valuation Report for This Property
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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 |
|---|---|---|---|---|
| 12/30/2015 12/30/15 | Sold | $1,600,000 | -3.0% | $252 / Sq Ft |
| 11/02/2015 11/02/15 | Pending | -- | -- | -- |
| 10/19/2015 10/19/15 | For Sale | $1,650,000 | -- | $259 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Bridge
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC15228765
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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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