Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
156 Total Sales
1701 Park Ave Long Beach, CA 90815
Traffic Circle Neighborhood
2
Beds
1
Bath
6,750
Sq Ft
8,712
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Level Lot
- Bixby Elementary School Rated 9+
About This Home
As of October 20241701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 07/23/2024
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 07/23/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Lot Details
- 8,712 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 3 Car Garage
- 1 Carport Space
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,750 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 15865
- Assessor Parcel Number 7220002009
- $1,818 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 9 Units
- Circle Subdivision
Amenities
- Laundry Facilities
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,054
- Fuel Expense $1,054
- Insurance Expense $7,200
- Maintenance Expense $6,750
- Other Expense $6,618
- Professional Management Expense $14,529
- Trash Expense $1,054
- Water Sewer Expense $1,055
- New Taxes Expense $38,573
- Operating Expense $77,887
- Gross Income $299,418
- Net Operating Income $212,690
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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 |
|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $2,920,000 | -5.8% | $433 / Sq Ft |
| 09/09/2024 09/09/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | For Sale | $3,100,000 | -- | $459 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24151346
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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