NOT LISTED FOR SALE
2 Beds
2 Baths
9,128 Sq Ft
9,463 Sq Ft Lot

Sale Details

Date Sold: February 23, 2016

Last sale price $1,875,000 $205 Per Sq Ft

14 Days on Market

Highlights

  • 0.22 Acre Lot
  • No HOA
  • Laundry Facilities
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Miracle On Fourth Street Park

About This Home

As of February 2016

The property consist of three buildings which our in fair to good condition parking has six parking spots located in Downtown/border of eastside area

Last Agent to Sell the Property

Jerry Scanlan

Pacific Coast Realty License #00461475 Listed on: 12/01/2015

Last Buyer's Agent

Jerry Scanlan

Pacific Coast Realty License #00461475 Listed on: 12/01/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,463 Sq Ft Lot
  • Lot Dimensions are 100x175
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Density is 16-20 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Flat Roof Shape
  • Fire Rated Drywall
  • Stucco

Interior Spaces

  • 9,128 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Laminate Flooring
  • Leased Washer and Dryer

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 18,1
  • Tax Tract Number 2
  • Assessor Parcel Number 7266026040

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Building Details

  • 18 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $3,980
  • Professional Management Expense $6,700
  • Trash Expense $4,800
  • Water Sewer Expense $6,720
  • New Taxes Expense $23,125
  • Gross Income $13,450
  • Net Operating Income $96,878

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

9,463 Sq Ft Lot

Parking

6

Listing Details

  • Professional Management Expense: 6700.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 6720.00
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7266026040
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 205.41
  • Window Features: Blinds, Screens

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Sewer: Sewer Assessments
  • Trash Expense: 4800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size: 100X175
  • Lot Size Sq Ft: 9463.00
  • Price Per Lot Square Foot: 198.14
  • Lot Size Acres: 0.2170

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 700
  • Average Studio Area: 500
  • Electric Expense: 6000.00
  • Gross Income: 13450.00
  • Gross Scheduled Income: 162780.00
  • Insurance Expense: 3980.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9463.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 96878.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Number With Carpet: 8
  • Number With Disposal: 18
  • Number With Drapes: 18
  • Number With Range: 18
  • Operating Expense: 57763.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 13565.00

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Lot: 18,1
  • Tax Tract Number: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,670,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 10, 2017
Sold by
Bought by

Purchase Details

Listed on
Dec 1, 2015
Closed on
Feb 19, 2016
Sold by
Bought by
Seller's Agent
Jerry Scanlan
Pacific Coast Realty
Buyer's Agent
Jerry Scanlan
Pacific Coast Realty
List Price
$1,850,000
Sold Price
$1,875,000
Premium/Discount to List
$25,000
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,384,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2015
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
-- Lawyers Title
-- None Available
$1,875,000 Fidelity National Title Co
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,950,000
Closed $2,670,000
Closed $2,350,000
Closed $1,384,000
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
02/23/2016 02/23/16 Sold $1,875,000 +1.4% $205 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $1,850,000 -- $203 / 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 $31,569 $2,219,616 $1,331,771 $887,845
2024 $30,178 $2,176,095 $1,305,658 $870,437
2023 $29,638 $2,133,427 $1,280,057 $853,370
2022 $27,854 $2,091,596 $1,254,958 $836,638
2021 $27,240 $2,050,585 $1,230,351 $820,234
2019 $27,678 $1,995,215 $1,193,859 $801,356
2018 $26,140 $1,956,200 $1,170,450 $785,750
2016 $10,085 $665,917 $292,626 $373,291
2015 $9,731 $655,915 $288,231 $367,684
2014 $9,778 $643,067 $282,585 $360,482
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15262103

California Regional Multiple Listing Service (CRMLS)
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