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

Sale Details

Date 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

6,501 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $33,787 $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)
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