NOT LISTED FOR SALE

1746 E 10th St Long Beach, CA 90813

Hellman Neighborhood
3 Beds
3 Baths
5,811 Sq Ft
4,248 Sq Ft Lot

Last Sold June 25, 2019

Last sale price $1,815,000 $312 Per Sq Ft

88 Days on Market

Highlights

  • Open Floorplan
  • Granite Countertops
  • Ceiling Fan
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2019

1746 E 10th Street is a seven-unit stabilized asset with an additional bonus studio unit in the highly desirable Eastside rental market of Long Beach, just minutes to shopping, dining and nightlife amenities along Fourth Street/Retro Row. The property features bright and open floor plans with an attractive mix of five two-bedroom/one-bath units, two one-bedroom/one-bath units and one non-conforming studio unit. Building improvements include a brand new roof and ABS plumbing installed in 2018. The building is separately metered for gas and electric, and three separate garages provide additional income potential. With a 5.80% cap rate and 11.43 GRM on actuals, this property presents buyers with a strong stabilized asset with 11% rental upside in a solid rental submarket. The area surrounding Rose Circle Park, known for its enclave of desirable 1910- 1922 Craftsman Bungalows, has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, and art antiques as well as locally-owned restaurants, coffee shops and wine bars.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 03/01/2019

Keller Williams Realty Downey

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 4,248 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached

Interior Spaces

  • 5,811 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Laminate Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 576403
  • Assessor Parcel Number 7267017016

Community Details

Overview

  • 8 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $2,324
  • Maintenance Expense $5,200
  • Other Expense $1,600
  • Pest Control $500
  • Professional Management Expense $7,585
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $23,254
  • Operating Expense $45,764
  • Gross Income $151,700
  • Net Operating Income $105,936

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 7585.00
  • Property Attached: Yes
  • Subdivision Name Other: Rose Park
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267017016
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 312.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 4248.00
  • Lot Size Acres: 0.0975

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 151700.00
  • Gross Scheduled Income: 159684.00
  • Insurance Expense: 2324.00
  • Lot Size Area: 4248.0000 Square Feet
  • Maintenance Expense: 5200.00
  • Net Operating Income: 105936.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 45764.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 45764.00

Tax Info

  • New Taxes Expense: 23254.00
  • Tax Census Tract: 5764.03
  • Tax Lot: 14
  • Tax Tract Number: 576403

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
06/25/2019 06/25/19 Sold $1,815,000 -0.5% $312 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
04/10/2019 04/10/19 Price Changed $1,825,000 -3.9% $314 / Sq Ft
03/01/2019 03/01/19 For Sale $1,900,000 +111.1% $327 / Sq Ft
05/23/2014 05/23/14 Sold $900,000 0.0% $155 / Sq Ft View Prior Sale
04/28/2014 04/28/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $900,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2019

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    5 in this area

    76 Total Sales

    Robert Stepp
    Section Image

  • J

    Buyer's Agent in 2019

    John Alden

    Alden Pacific Investments, Inc.

    Section Image

  • J

    Seller's Agent in 2014

    Jack Levis

    CBRE Inc.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19045640

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Hellman

1746 E 10th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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