NOT LISTED FOR SALE
3 Beds
2 Baths
6,505 Sq Ft
7,579 Sq Ft Lot

Sale Details

Date 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 in unit
  • 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

7,579 Sq Ft Lot

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

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 $30,379 $2,231,033 $669,309 $1,561,724
2024 $29,042 $2,187,288 $656,186 $1,531,102
2023 $28,543 $2,144,401 $643,320 $1,501,081
2022 $26,799 $2,102,355 $630,706 $1,471,649
2021 $26,246 $2,061,134 $618,340 $1,442,794
2019 $25,870 $2,001,320 $600,000 $1,401,320
2018 $22,045 $1,701,320 $500,000 $1,201,320
2016 $11,876 $907,084 $416,094 $490,990
2015 $11,421 $893,459 $409,844 $483,615
2014 $11,386 $875,958 $401,816 $474,142
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18034617

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.