NOT LISTED FOR SALE
3 Beds
2 Baths
4,202 Sq Ft
0.3 Acres

Last Sold March 09, 2015

Last sale price $875,000 $208 Per Sq Ft

29 Days on Market

About This Home

As of March 2015

1732 Orizaba Ave. is a charming, pride of ownership 5-unit apartment building developed in 1941. Each unit has craftsman style character and the second story units feature balconies that overlook a meticulously landscaped backyard. In addition, the property offers two single-car garages, one two-car garage, and five parking spaces, which is very rare in the city of Long Beach. The property has not been on the market in over 40 years and while it features original craftsman style work, is very clean and has no deferred maintenance. All units are separately metered for gas and electric and contain laundry hookups.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 12/10/2014

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 12/10/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,202 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 2
  • Assessor Parcel Number 7259032027

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,680
  • Maintenance Expense $3,000
  • Trash Expense $450
  • Water Sewer Expense $450
  • New Taxes Expense $10,506
  • Gross Income $5,635
  • Net Operating Income $43,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 310-363-4919
  • Other Phone Number: 310-363-4919
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 450.00
  • Property Type: Residential Income
  • Parcel Number: 7259032027
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 208.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13003.00
  • Lot Size Acres: 0.2990

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 5635.00
  • Gross Scheduled Income: 67620.00
  • Insurance Expense: 1680.00
  • Lot Size Area: 13003.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 43700.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 20809.00
  • Rent Control: No
  • Vacancy Allowance: 3111

Tax Info

  • New Taxes Expense: 10506.00
  • Tax Lot: 31
  • Tax Tract Number: 2
  • Tax Year: 2013

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
03/09/2015 03/09/15 Sold $875,000 +2.9% $208 / Sq Ft
01/08/2015 01/08/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $850,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14256351

California Regional Multiple Listing Service (CRMLS)