NOT LISTED FOR SALE
6 Beds
3 Baths
6,770 Sq Ft
6,501 Sq Ft Lot

Last Sold May 22, 2015

Last sale price $1,850,000 $273 Per Sq Ft

134 Days on Market

About This Home

As of May 2015

Fantastic opportunity to own a well managed asset in high demand rental market of East Long Beach. Great unit mix consisting of one 3 bedroom unit, six 2 bedroom units and two 1 bedroom units. 6 Garages and a laundry room add to the income. Recent upgrades - including plumbing

Last Agent to Sell the Property

Bob McCabe

Real Estate Solutions License #00918198 Listed on: 04/03/2015

Last Buyer's Agent

Elaine Hutchison

John Read Realty License #00278514

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,770 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 007
  • Tax Tract Number 7259
  • Assessor Parcel Number 7259033007

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,800
  • Maintenance Expense $1,800
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $22,292
  • Gross Income $128,100
  • Net Operating Income $92,232

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 7259033007
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 273.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 128100.00
  • Gross Scheduled Income: 128100.00
  • Insurance Expense: 2800.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 92232.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 35868.00
  • Operating Expense Percent: 28.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 22292.00
  • Taxes Percent: 1.25
  • Tax Lot: 007
  • Tax Tract Number: 7259
  • Tax Year: 2014
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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 Prior Sale
05/22/2015 05/22/15 Sold $1,850,000 +3.1% $273 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
12/18/2014 12/18/14 For Sale $1,795,000 +76.8% $265 / Sq Ft
11/11/2012 11/11/12 Sold $1,015,000 -1.9% $150 / Sq Ft View Prior Sale
06/19/2012 06/19/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $1,035,000 -- $153 / 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 $32,309 $2,509,915 $1,394,398 $1,115,517
2024 $32,309 $2,460,702 $1,367,057 $1,093,645
2023 $31,760 $2,412,453 $1,340,252 $1,072,201
2022 $29,810 $2,365,151 $1,313,973 $1,051,178
2021 $29,205 $2,318,776 $1,288,209 $1,030,567
2019 $28,786 $2,250,760 $1,250,000 $1,000,760
2018 $25,007 $1,954,849 $1,214,704 $740,145
2016 $22,999 $1,878,212 $1,167,537 $710,675
2015 $14,461 $1,172,977 $662,987 $509,990
2014 -- $1,150,000 $650,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14260437

California Regional Multiple Listing Service (CRMLS)