NOT LISTED FOR SALE

1735 E 10th St Long Beach, CA 90813

Hellman Neighborhood
22 Beds
14 Baths
10,253 Sq Ft
0.29 Acres

Last Sold September 22, 2022

Last sale price $3,550,000 $346 Per Sq Ft

68 Days on Market

Highlights

  • 0.29 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Facilities

About This Home

As of September 2022

BEST PRICED DEAL IN LONG BEACH. 13.1 GRM AND 5.0% CAP ON IN PLACE RENTS. 14 units in Long Beach - excellent unit mix for the area. All unit interiors were updated by Seller with new kitchen countertops, paint and flooring. There is onsite laundry and a total of 11 parking spaces onsite. Property is offered at 5.0% CAP against in place rents with upside to a 5.9% CAP. Property is professionally managed and well maintained. All units are rented and there is some rental upside for the Buyer to obtain as rent increases are issued. Excellent 1031 Exchange property or for anyone who wants to become an owner in the City of Long Beach which currently has over $8BB in redevelopment occurring. The property is subject to AB1482 Rent Control allowing for 10% increases in 2022. CONTACT LA1 FOR MORE INFO AND A RENT ROLL.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 06/17/2022

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 06/17/2022

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.29

Interior Spaces

  • 10,253 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 14 Bathrooms

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.29 Acre Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 7267-012-035

Community Details

Overview

  • 2 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10253
  • Lot Acreage: 0.2943
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Laundry: Community
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 360.38

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 11
  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 820234
  • Assessed Land Percent: 70
  • Assessed Land Value: 1913880
  • Total Assessed Value: 2734114
  • Assessor Parcel Number: 7267-012-035
  • Lot Size Area: 12821

Rental Info

  • Total Actual Rent: 283000.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.10
  • Number Of Units: 14
  • Type Of Units: Income

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
09/22/2022 09/22/22 Sold $3,550,000 0.0% $346 / Sq Ft
08/31/2022 08/31/22 Off Market $3,550,000 -- --
06/17/2022 06/17/22 For Sale $3,695,000 -- $360 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2022

    Jon Swire

    The Agency

    (310) 948-2631

    3 in this area

    34 Total Sales

    Jon Swire
    Section Image
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Map

Source: The MLS

MLS Number: 22-169907

The MLS
California Los Angeles County Long Beach 90813 Hellman

1735 E 10th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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