NOT LISTED FOR SALE

1750 Pine Ave Long Beach, CA 90813

Washington School Neighborhood
3 Beds
2 Baths
6,505 Sq Ft
7,579 Sq Ft Lot

Last Sold September 24, 2018

Last sale price $2,000,000 $307 Per Sq Ft

188 Days on Market

About This Home

As of September 2018

*Attractive Mix of 1 & 2 Bedroom Units, *Garage Parking, *Gated Entry, *Pitched Roof, *Strong Long Beach Rental Market

Last Agent to Sell the Property

Jason Kirklen

Morgan Skenderian License #01939655 Listed on: 02/13/2018

Last Buyer's Agent

Cris Molles

The Realestate Group License #01345419

The Realestate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,579 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Open Parking Space
  • 5 Car Garage

Home Design

  • 6,505 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5
  • Assessor Parcel Number 7269010005

Community Details

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,277
  • Other Expense $16,704
  • New Taxes Expense $24,809
  • Operating Expense $53,060
  • Gross Income $2,280
  • Net Operating Income $87,808

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.20
  • Property Attached: No
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7269010005
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 307.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7579.00

Multi Family

  • Gross Income: 2280.00
  • Gross Multiplier: 14.46
  • Gross Operating Income: 140867.00
  • Gross Scheduled Income: 145224.00
  • Insurance Expense: 2277.00
  • Laundry Income: 2280.00
  • Net Operating Income: 87808.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 53060.00
  • Other Expense: 16704.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 53060.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24809.00
  • Tax Census Tract: 5754.02
  • Tax Lot: 5
  • Tax Tract Number: 5

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
09/24/2018 09/24/18 Sold $2,000,000 -4.8% $307 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $2,100,000 0.0% $323 / Sq Ft
07/24/2018 07/24/18 For Sale $2,100,000 +5.0% $323 / Sq Ft
04/17/2018 04/17/18 Off Market $2,000,000 -- --
03/28/2018 03/28/18 Price Changed $1,890,000 -5.5% $291 / Sq Ft
03/19/2018 03/19/18 Price Changed $1,999,000 -4.8% $307 / Sq Ft
03/07/2018 03/07/18 Price Changed $2,099,000 -2.4% $323 / Sq Ft
02/22/2018 02/22/18 Price Changed $2,150,000 -2.2% $331 / Sq Ft
02/13/2018 02/13/18 For Sale $2,199,000 +152.2% $338 / Sq Ft
03/07/2013 03/07/13 Sold $872,000 -- $134 / Sq Ft View Prior Sale
11/30/2012 11/30/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jason Kirklen

    Morgan Skenderian

    Section Image

  • C

    Buyer's Agent in 2018

    Cris Molles

    The Realestate Group

    (310) 540-0072

    1 in this area

    4 Total Sales

    Cris Molles
    Section Image
  • Chuck Lundie

    Seller's Agent in 2013

    Chuck Lundie

    AOA Commercial Brkrge

    (818) 988-9200

    4 Total Sales

    Chuck Lundie
    Section Image

  • T

    Buyer's Agent in 2013

    Timothy Lewis

    Elliot Lewis, Broker

    (562) 221-9392

    1 Total Sale

    Timothy Lewis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18034617

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

1750 Pine Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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