NOT LISTED FOR SALE
18 Beds
9 Baths
6,187 Sq Ft
7,492 Sq Ft Lot

Last Sold November 13, 2015

Last sale price $1,300,000 $210 Per Sq Ft

8 Days on Market

About This Home

As of November 2015

HIGHLY SOUGHT AFTER 1961 CONSTRUCTED 9 UNIT MULTI FAMILY In North Long Beach! Consisting of ALL 2 bedroom/1bathroom. Separately metered for gas and electric to help keep owners expenses down! Onsite Laundry Room bringing in additional income. 4 garages that can be rented out for additional income! RENTS ARE VERY LOW, TONS OF UPSIDE! This property has not been on the market in over 13 years and will not last long! Don't miss this PRIME INVESTMENT opportunity!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 09/08/2015

Last Buyer's Agent

Kathleen Kramer

Kathleen Kramer, Broker License #01198187

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 150 x 50
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 6,187 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 353
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131007027

Community Details

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $5,555
  • Gross Income $9,365
  • Net Operating Income $70,800

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,500 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 5555.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7131007027
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 210.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size: 150 X 50
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 173.33
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 9365.00
  • Gross Scheduled Income: 112380.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 70800.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 41580.00
  • Rent Control: No
  • Total Actual Rent: 9365.00

Tax Info

  • Tax Lot: 353
  • Tax Tract Number: 5134
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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
11/13/2015 11/13/15 Sold $1,300,000 +2.0% $210 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $1,275,000 -- $206 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,496 $1,538,930 $266,351 $1,272,579
2024 $20,496 $1,508,756 $261,129 $1,247,627
2023 $20,140 $1,479,173 $256,009 $1,223,164
2022 $18,924 $1,450,171 $250,990 $1,199,181
2021 $18,518 $1,421,737 $246,069 $1,175,668
2019 $18,253 $1,380,169 $238,771 $1,141,398
2018 $17,718 $1,353,120 $234,090 $1,119,030
2016 $16,296 $1,300,000 $225,000 $1,075,000
2015 $8,637 $656,763 $144,605 $512,158
2014 $8,621 $643,899 $141,773 $502,126
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15198913

California Regional Multiple Listing Service (CRMLS)
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