NOT LISTED FOR SALE

1708 Pine Ave Long Beach, CA 90813

Washington School Neighborhood
3 Beds
3 Baths
7,982 Sq Ft
7,561 Sq Ft Lot

Last Sold April 01, 2022

Last sale price $3,220,000 $403 Per Sq Ft

8 Days on Market

About This Home

As of April 2022

Priced reduced. Seller found an up leg already for a 1031 exchange. Many units have been upgraded, Laundry room, 7 garages

Last Agent to Sell the Property

Francisco Arce

CJM Realty License #00934626 Listed on: 02/01/2022

Co-Listed By

Jorge Medina

CJM Realty License #00823759

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,561 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 7,982 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 7269
  • Assessor Parcel Number 7269010002
  • $2,205 per year additional tax assessments

Community Details

Overview

  • 14 Units
  • Poly High Subdivision

Building Details

  • Rent Control
  • 14 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $550
  • Fuel Expense $2,220
  • Gardener Expense $3,000
  • Insurance Expense $3,500
  • Maintenance Expense $7,000
  • Pest Control $792
  • Professional Management Expense $11,732
  • Trash Expense $16,700
  • Water Sewer Expense $2,765
  • New Taxes Expense $41,213
  • Operating Expense $90,572
  • Gross Income $241,908
  • Net Operating Income $144,079

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 11732.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2765.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 7269010002
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 403.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 792.00
  • Sewer: Public Sewer
  • Trash Expense: 16700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7561.00
  • Lot Size Acres: 0.1736

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 550.00
  • Fuel Expense: 2220.00
  • Gross Income: 241908.00
  • Gross Operating Income: 234651.00
  • Gross Scheduled Income: 241908.00
  • Insurance Expense: 3500.00
  • Laundry Income: 150.00
  • Lot Size Area: 7561.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 144079.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 90572.00
  • Operating Expense Percent: 38.59
  • Rent Control: Yes
  • Total Actual Rent: 20009.00
  • Total Expenses: 90572.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 41213.00
  • Tax Census Tract: 5754.02
  • Tax Lot: 2
  • Tax Tract Number: 7269
  • TaxOtherAnnualAssessmentAmount: 2205.00

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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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
04/01/2022 04/01/22 Sold $3,220,000 -1.7% $403 / Sq Ft
02/08/2022 02/08/22 Price Changed $3,275,000 -6.3% $410 / Sq Ft
02/01/2022 02/01/22 For Sale $3,495,000 -- $438 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Francisco Arce

    CJM Realty

    (310) 528-3043

    1 in this area

    7 Total Sales

    Francisco Arce
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jorge Medina

    CJM Realty

    (310) 679-3951

    1 in this area

    4 Total Sales

    Jorge Medina
    Section Image
  • Cameron Jacques

    Buyer's Agent in 2022

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    1 in this area

    52 Total Sales

    Cameron Jacques
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22019863

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Washington School

1708 Pine Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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