Seller's Agent in 2019
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
3 in this area
81 Total Sales
1746 E 10th St Long Beach, CA 90813
Hellman Neighborhood
3
Beds
3
Baths
5,811
Sq Ft
4,248
Sq Ft Lot
Highlights
- Open Floorplan
- Granite Countertops
- Ceiling Fan
- Long Beach Polytechnic High School Rated A
About This Home
As of June 20191746 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
Keller Williams Realty Downey License #01456379 Listed on: 03/01/2019
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
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|---|
| 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
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 | $27,333 | $2,024,661 | $1,338,620 | $686,041 |
| 2024 | $26,130 | $1,984,963 | $1,312,373 | $672,590 |
| 2023 | $25,684 | $1,946,043 | $1,286,641 | $659,402 |
| 2022 | $24,107 | $1,907,886 | $1,261,413 | $646,473 |
| 2021 | $23,612 | $1,870,478 | $1,236,680 | $633,798 |
| 2020 | $23,550 | $1,851,300 | $1,224,000 | $627,300 |
| 2019 | $13,279 | $989,019 | $692,315 | $296,704 |
| 2018 | $12,928 | $969,628 | $678,741 | $290,887 |
| 2016 | $11,882 | $931,979 | $652,386 | $279,593 |
| 2015 | $11,419 | $917,981 | $642,587 | $275,394 |
| 2014 | $12,538 | $1,003,310 | $535,098 | $468,212 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
J
Buyer's Agent in 2019
John Alden
Alden Pacific Investments, Inc.
-
J
Seller's Agent in 2014
Jack Levis
CBRE Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19045640
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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