NOT LISTED FOR SALE

1620 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood
13 Beds
8 Baths
8,497 Sq Ft
8,272 Sq Ft Lot

Last Sold December 10, 2012

Last sale price $1,625,000 $191 Per Sq Ft

153 Days on Market

Highlights

  • 0.19 Acre Lot
  • Spanish Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2012

ALAMITOS BEACH/ CLASSIC SPANISH 8-UNIT. JUST 2 BLOCKS TO THE OCEAN. 100% OCCUPIED. MIX HAS FIVE 2 BEDROOM UNITS AND THREE 1 BEDROOMS + 5 SINGLE GARAGES. THIS PRIDE OF OWNERSHIP BUILDING HAS HAD MANY UPGRADES AND IS IN VERY NICE CONDIITON. FEATURES INCLUDE HARDWOOD FLOORS, UPGRADED KITCHENS WITH TILE AND DISHWASHERS, TILE BATHROOMS, SEPARATE METERS FOR EACH TENANT, ORIGINAL MOLDING, NICE LANDSCAPING, AND MUCH, MUCH MORE. ALSO, NO RENT CONTROL HERE AND LOTS OF UPSIDE POTENTIAL ON RENTS.

Last Agent to Sell the Property

Marty Stone

Buckingham Investments License #00416755 Listed on: 05/16/2012

Last Buyer's Agent

Steven Rime

Keller Williams South Bay License #01370578

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 8,272

Parking

  • 5 Parking Spaces

Home Design

  • 8,497 Sq Ft Home
  • Spanish Architecture

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Additional Features

  • 8,272 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 8 / 65
  • Assessor Parcel Number 7265013008

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $11,060
  • Net Operating Income $92,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.53
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7265013008
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 191.24

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8272.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 11060.00
  • Gross Multiplier: 12.67
  • Gross Scheduled Income: 132240.00
  • Net Operating Income: 92568.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 39672.00

Tax Info

  • Tax Area: 5500
  • Tax Block: 65
  • Tax Lot: 8

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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List Price
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
12/10/2012 12/10/12 Sold $1,625,000 -3.0% $191 / Sq Ft
10/16/2012 10/16/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $1,675,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marty Stone

    Seller's Agent in 2012

    Marty Stone

    Buckingham Investments

    (310) 322-9763

    7 Total Sales

    Marty Stone
    Section Image
  • Steven Rime

    Buyer's Agent in 2012

    Steven Rime

    Keller Williams South Bay

    (310) 779-3638

    8 Total Sales

    Steven Rime
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P822236

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 Alamitos Beach

1620 E 2nd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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