NOT LISTED FOR SALE
4 Beds
2 Baths
4,731 Sq Ft
0.3 Acres

Last Sold December 19, 2017

Last sale price $1,250,000 $264 Per Sq Ft

51 Days on Market

Highlights

  • No Units Above
  • City Lights View
  • Colonial Architecture
  • Long Beach Polytechnic High School Rated A
  • 12,947 Sq Ft lot
  • 1-minute walk to Rosa Parks Park

About This Home

As of December 2017

Excellent opportunity to invest in this rare 5 units town home style on a large lot over 12,000 SqFt in this highly desirable location. Each unit has 2 bedrooms and 1.5 baths. Rents are low with no rent control, long term tenants, units are fully occupied. Roof was replaced in the last 2 years. Long Beach is the 36th-largest city in the nation and the seventh-largest in California. Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long Beach-Santa Ana metropolitan area. The university is the largest of the California State University system. Blocks from Long Beach City College Pacific Coast Campus and Whittier Elementary School.

PLEASE do not communicate with tenants or walk the property. DRIVE BY ONLY/SUBJECT TO INSPECTION, THANK YOU.

Last Agent to Sell the Property

Kiri Suykry

Keller Williams Pacific Estate License #01407579 Listed on: 09/16/2017

Keller Williams Pacific Estate

Co-Listed By

Karen Suykry

Sky View Real Estate License #01334640

Last Buyer's Agent

Dalida Lim

Starburst Realty License #01329154

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.3 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wrought Iron Fence
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Garden
  • Front Yard

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Colonial Architecture
  • Property Attached
  • Turnkey
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Shingle Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,731 Sq Ft Home
  • 2-Story Property
  • Double Door Entry

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5752
  • Assessor Parcel Number 7268023004

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $325
  • Insurance Expense $1,400
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,600
  • New Taxes Expense $16,250
  • Operating Expense $21,815
  • Gross Income $68,592
  • Net Operating Income $46,813

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Price Per Unit: 260000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 2600.00
  • Zoning: LBR34
  • Architectural Style: Colonial
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7268023004
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 264.21

Exterior Features

  • View: City Lights, Hills, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Brick, Concrete, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Trash, Utilities, Sewer, Water
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lot 10000-19999 Sqft, Near Public Transit, Paved
  • Lot Size Sq Ft: 12947.00

Multi Family

  • Electric Expense: 325.00
  • Gross Income: 68592.00
  • Gross Scheduled Income: 68592.00
  • Insurance Expense: 1400.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 46813.48
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 21814.52

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 5752.01
  • Tax Lot: 5
  • Tax Tract Number: 5752

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
12/19/2017 12/19/17 Sold $1,250,000 -3.8% $264 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,300,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17214890

California Regional Multiple Listing Service (CRMLS)