NOT LISTED FOR SALE
6 Beds
4 Baths
6,875 Sq Ft
1913 Built

Last Sold March 01, 2017

Last sale price $1,700,000 $247 Per Sq Ft

2 Days on Market

Highlights

  • 4,931 Sq Ft lot
  • Property is near park and public transit
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • No HOA

About This Home

As of March 2017

8 units sold prior to processing with multiple back-up offers. Building has deferred maintenance and has non-permitted floor plans with added bedrooms. Sold as-is without repairs and without termite clearance. Due to income and condition, this is an all cash sale. All expenses are only estimates as the records are not available. Trustee sale

Last Agent to Sell the Property

Mark Vinton

Vylla Home, Inc. License #01322983 Listed on: 02/18/2017

Vylla Home, Inc.

Last Buyer's Agent

Mark Vinton

Vylla Home, Inc. License #01322983 Listed on: 02/18/2017

Vylla Home, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 4,931 Sq Ft Lot
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 6,875 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Property is near park and public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7265015014

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $650
  • Insurance Expense $2,500
  • Trash Expense $2,500
  • New Taxes Expense $20,000
  • Operating Expense $25,000
  • Gross Income $5,310
  • Net Operating Income $38,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: 2 washers and 2 dryers in a laundry room.
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBPD5
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7265015014
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 247.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 4931.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 5310.00
  • Gross Scheduled Income: 63720.00
  • Insurance Expense: 2500.00
  • Net Operating Income: 38720.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 25000.00
  • Operating Expense Percent: 15.00
  • Other Income Description: deceased owner-no records avai
  • Rent Control: No
  • Total Actual Rent: 5310.00
  • Total Expenses: 25000.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 5766.02
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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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
03/01/2017 03/01/17 Sold $1,700,000 +6.3% $247 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/18/2017 02/18/17 For Sale $1,600,000 -- $233 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $24,677 $1,895,485 $1,365,393 $530,092
2024 $24,677 $1,858,320 $1,338,621 $519,699
2023 $24,256 $1,821,883 $1,312,374 $509,509
2022 $22,775 $1,786,161 $1,286,642 $499,519
2021 $22,298 $1,751,139 $1,261,414 $489,725
2019 $228 $1,669,420 $1,224,000 $445,420
2018 $22,248 $1,735,720 $1,224,000 $511,720
2016 $8,028 $592,105 $430,734 $161,371
2015 $7,728 $583,212 $424,264 $158,948
2014 $7,713 $571,789 $415,954 $155,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17035005

California Regional Multiple Listing Service (CRMLS)