NOT LISTED FOR SALE

172 E Louise St Long Beach, CA 90805

Dairy Neighborhood
17 Beds
10 Baths
7,169 Sq Ft
7,054 Sq Ft Lot

Last Sold October 23, 2014

Last sale price $1,200,000 $167 Per Sq Ft

43 Days on Market

About This Home

As of October 2014

The subject property is located at 172 East Louise Street in the city of Long Beach, California. It is closest to the major cross streets of Long Beach Boulevard and East Market Street.

The property was built upon a slab foundation and encloses with a flat roof. It has a total of nine units which consist of one three-bedroom/two-bathroom unit, two one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The property was also built with three two-car garages for tenants and an on-site laundry room with two dryers and one washer.

The offering also has copper plumbing throughout and had its roof replaced three years ago. Due to 172 East Louise Street's location in a strong rental market and a long list of both owner and tenant amenities, this would make a great addition to any investor's portfolio who is looking for strong and stable cash flow in a quiet residential neighborhood.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/20/2014

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/20/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,054 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 7,169 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1111
  • Tax Tract Number 5134
  • Assessor Parcel Number 7126035032

Community Details

Overview

  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Electric Expense $6,271
  • Gardener Expense $475
  • Insurance Expense $3,151
  • Maintenance Expense $5,972
  • Other Expense $2,250
  • Professional Management Expense $5,778
  • New Taxes Expense $14,587
  • Gross Income $8,295
  • Net Operating Income $57,819

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.82
  • Professional Management Expense: 5778.00
  • Property Attached: Yes
  • Road Surface Type: Gravel
  • Property Type: Residential Income
  • Gardener Expense: 475.00
  • Parcel Number: 7126035032
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 167.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 7054.00
  • Lot Size Acres: 0.1620

Multi Family

  • Electric Expense: 6271.00
  • Gross Income: 8295.00
  • Gross Multiplier: 12.06
  • Gross Scheduled Income: 99540.00
  • Insurance Expense: 3151.00
  • Lot Size Area: 7054.0000 Square Feet
  • Maintenance Expense: 5972.00
  • Net Operating Income: 57819.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 38484.00
  • Other Expense: 2250.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14587.00
  • Tax Lot: 1111
  • Tax Tract Number: 5134
  • Tax Year: 2013

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
10/23/2014 10/23/14 Sold $1,200,000 0.0% $167 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $1,200,000 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    1 in this area

    89 Total Sales

    Steve Bogoyevac
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14104397

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Dairy

172 E Louise St, Long Beach, CA

Not Listed for Sale

MultiFamily

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