NOT LISTED FOR SALE

1711 E Ocean Blvd Long Beach, CA 90802

Alamitos Beach Neighborhood
14 Beds
14 Baths
7,898 Sq Ft
8,270 Sq Ft Lot

Last Sold June 11, 2016

Last sale price $2,895,000 $367 Per Sq Ft

19 Days on Market

Highlights

  • Water Views
  • 8,270 Sq Ft lot
  • Floor Furnace
  • Long Beach Polytechnic High School Rated A
  • Spanish Architecture

About This Home

As of June 2016

Rare Ocean Boulevard property. Great Alamitos Beach location with easy access to the beach and centrally located between Downtown LB and Belmont Shore. The building is in pristine condition with most units upgraded in the past 24 months. Fresh exterior stucco/paint and professionally landscaped. Substantial upside in rents and individually metered for gas/electric. Additional Notes: A) Owner pays utilities for unit #9; B) #13 on rent roll listed above represents Unit #1709 @ $988 (Section 8) and Unit #1715 @ $850; C) Unit #5 is occupied by the on-site manager and the rent for this unit is listed in the above rent roll at the market rate of $1,200 and this amount is annualized and listed in the Resident Manager Expense listed below.

Last Agent to Sell the Property

Alan Acree

Alan Acree, Broker License #01366012 Listed on: 03/26/2016

Last Buyer's Agent

Alan Acree

Alan Acree, Broker License #01366012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 8,270

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Flat Roof Shape

Interior Spaces

  • 7,898 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Additional Features

  • 8,270 Sq Ft Lot
  • Floor Furnace

Community Details

  • 4 Buildings
  • 14 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 7265-018-039

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 7898
  • Manager Expense: 14400.00
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 13
  • Bedrooms: 14
  • Total Bathrooms: 14.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 366.55

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat
  • View: Water
  • View: Yes

Utilities

  • Electric Expense: 369.00
  • Heating: Floor Furnace
  • Number Electric Meters: 13
  • Number Gas Meters: 13
  • Number Water Meters: 1
  • Water Expense: 4889.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 585.00
  • Insurance Expense: 2472.00
  • Maintenance Expense: 12600.00

Lot Info

  • Assessed Improvement Value: 196063
  • Assessed Land Value: 99002
  • Assessor Parcel Number: 7265-018-039
  • Geocode Override: No
  • Lot Size Area: 8270

Rental Info

  • Land Lease Type: Fee
  • Monthly Gross Income: 13903.00
  • Owner Pays: Water
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
  • Gross Rent Multiplier: 17.35
  • Gross Scheduled Income: 166836.00
  • Number Of Units: 14
  • Type Of Units: 14

Tax Info

  • Tax Expense: 34388.00

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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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
06/11/2016 06/11/16 Sold $2,895,000 0.0% $367 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $2,895,000 -- $367 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Alan Acree

    Alan Acree, Broker

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Map

Source: The MLS

MLS Number: 16-106454

The MLS
California Los Angeles County Long Beach 90802 Alamitos Beach

1711 E Ocean Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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