NOT LISTED FOR SALE
12 Beds
6 Baths
4,740 Sq Ft
6,372 Sq Ft Lot

Last Sold July 15, 2022

Last sale price $1,990,000 $420 Per Sq Ft

20 Days on Market

Highlights

  • Craftsman Architecture
  • Lawn
  • Balcony
  • Long Beach Polytechnic High School Rated A
  • Fenced Yard
  • 1 Car Detached Garage

About This Home

As of July 2022

Property is a Five (5) unit apartment building. Owners spent approx. $275,000.00 in rehab. The property consists of 1 Large Craftsman style 4 bedroom 2 Bath House with washer and Dryer hook ups, with a detached single car garage with one parking space in front of Garage. The Second Structure is on 7th Street a 4 plex with all units are 2 bedrooms 1 bath with dinning rooms.

Last Agent to Sell the Property

Chuck Henderson

BHRG License #01488303 Listed on: 03/15/2022

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,372 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Landscaped
  • Front and Back Yard Sprinklers
  • Lawn

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Craftsman Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 4,740 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Laminate Flooring
  • Leased Washer and Dryer

Kitchen

  • Gas and Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Remodeled Bathroom
  • 6 Bathrooms
  • Low Flow Toliet
  • Low Flow Shower

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for gardener, water
  • Assessor Parcel Number 7267-030-002
  • $5,000 Seller Concession

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Bhrg Association

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Vacancy Allowance $6,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Beautiful 5 Unit Apartment Building reminds you of a Melrose Place. This property is located about 7 blocks from the beach. 7Th Street Plaza went through an intensive renovation, and the current owner spent approximately $275,000.00 on upgrades. This Property has a 4 Bedroom 2 Bath Craftsman house approximately 1750 square feet in the back side of the property with a single detached garage with one parking space in front of garage. The Fourplex is located on 7th Street which comprises of 4 large 2 Bedrooms 1 Bath units with Dinning rooms. 7th Street Plaza has gated front yards and a gated back yard which includes a viewing deck with patio furniture. The rear of the garage has a laundry room for the fourplex and The House has washer and dryer hook up in the laundry room area of the house.
  • Alley: Yes
  • Building Permit: Yes
  • Entry Location: Living Room
  • Living Area: 4740
  • Lot Acreage: 0.1463
  • Price Per Unit: 399910.00
  • Probate: No
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 5
  • Number Dishwasher: 5
  • Number Disposal: 5
  • Flooring: Laminate
  • Appliances: Microwave, Gas/Electric Range
  • Bedrooms: 12
  • Common Walls: Attached
  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s), Remodeled
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan, Dishwasher, Freezer, Garbage Disposal, Microwave, Ice Maker, Hood Fan
  • Price Per S Q F T: 421.85
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony, Full Copper Plumbing, Energy Efficient
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 3
  • Patio: Porch - Front, Porch - Rear
  • Paved: Yes
  • Roof: Composition, Flat, Shingle
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 1
  • Covered Parking: 1
  • Garage Structures: 1
  • Number Rented Garages: 1
  • Parking Garage: Door Opener, Detached
  • Total Parking: 2

Utilities

  • Water District: Long Beach Utilities
  • Water Heater: Tankless, Gas
  • Cooling: Wall/Window
  • Heating: Wall Electric, Wall Gas
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Number Water Meters: 0
  • Security: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: BHRG
  • Mgmt Co Phone: 3105368887|

Lot Info

  • Sprinklers: Front, Rear
  • Additions Alterations: No
  • Assessed Improvement Percent: 35.11
  • Assessed Improvement Value: 407074
  • Assessed Land Percent: 64.89
  • Assessed Land Value: 752314
  • Total Assessed Value: 1159388
  • Assessor Parcel Number: 7267-030-002
  • Lot Description: Front Yard, Fenced Yard, Landscaped, Lawn
  • Lot Size Area: 6372

Rental Info

  • Number Leased: 5
  • Total Actual Rent: 139896.00
  • Garage Rental Rate: 75
  • Monthly Gross Income: 11533.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.45
  • Gross Scheduled Income: 138396.00
  • Number Of Units: 5
  • Number Wall A C: 5
  • Rent Control: 100
  • Type Of Units: Apartments
  • Vacancy Allow: 6920
  • Vacancy Allow Percent: 5.00

Tax Info

  • Mello Roos: Unknown

Range of Values:

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Value Increase
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Percent Increase
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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
07/15/2022 07/15/22 Sold $1,990,000 -0.5% $420 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $1,999,550 +77.7% $422 / Sq Ft
02/20/2019 02/20/19 Sold $1,125,000 -24.9% $176 / Sq Ft View Prior Sale
01/28/2019 01/28/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $1,499,000 -- $234 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-136509

The MLS