NOT LISTED FOR SALE

1632 Walnut Ave Long Beach, CA 90813

Central Neighborhood
3 Beds
3 Baths
10,722 Sq Ft
0.38 Acres

Last Sold May 21, 2014

Last sale price $2,300,000 $215 Per Sq Ft

96 Days on Market

About This Home

As of May 2014

The subject property is a one story 1950’s built garden style apartment building that is separately metered for gas and electric. This 21 unit apartment building should appeal to investors looking for a well kept asset in a great rental location. Caddy corner to an elementary school and in close proximity to many employers and freeways the apartment has great value for renters.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 01/17/2014

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 01/17/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 10,722 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 47
  • Tax Tract Number 5752
  • Assessor Parcel Number 7261012005

Community Details

Overview

  • 21 Units

Building Details

  • 21 Leased Units
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 21 Separate Water Meters
  • Electric Expense $720
  • Gardener Expense $600
  • Insurance Expense $4,288
  • Maintenance Expense $10,821
  • Pest Control $1,365
  • Professional Management Expense $7,200
  • Supplies Expense $5,250
  • Trash Expense $8,350
  • New Taxes Expense $29,261
  • Gross Income $18,304
  • Net Operating Income $138,461

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 7200.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Supplies Expense: 5250.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7261012005
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 214.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 1365.00
  • Trash Expense: 8350.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 16506.00
  • Lot Size Acres: 0.3790

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 18304.00
  • Gross Scheduled Income: 219648.00
  • Insurance Expense: 4288.00
  • Lot Size Area: 16506.0000 Square Feet
  • Maintenance Expense: 10821.00
  • Net Operating Income: 138461.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 21
  • Number Of Units Leased: 21
  • Number Of Units Total: 21
  • Operating Expense: 70354.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Total Actual Rent: 18304.00
  • Vacancy Allowance: 10832
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 29261.00
  • Tax Lot: 47
  • Tax Tract Number: 5752
  • Tax Year: 2012

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
05/21/2014 05/21/14 Sold $2,300,000 0.0% $215 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $2,300,000 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jack Levis

    CBRE Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14011501

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Central

1632 Walnut Ave, Long Beach, CA

This home is located at 1632 Walnut Ave, Long Beach, CA 90813 since 17 January 2014. This property was built in 1950. 1632 Walnut Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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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