NOT LISTED FOR SALE
3 Beds
3 Baths
7,238 Sq Ft
6,768 Sq Ft Lot Lot

Sale Details

Date Sold: June 3, 2014

Last sale price $1,050,000 $145 Per Sq Ft

50 Days on Market

Highlights

  • Laundry Room
  • 4-minute walk to Pacific Coast Highway Station
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2014

8 unit apartmen building. The unit mix is two 1 bedroom/1 bathroom units, six 2 bedroom/2 bathrom units. Excellent location. Close to shopping, businesses and transportation. 8 garages, four in the front, 4 in the back. Located among other multifamily and residential units. Great investment opportunity.

Last Agent to Sell the Property

Marlene Grecco

Homesmart Evergreen Realty License #01243438 Listed on: 02/17/2014

Homesmart Evergreen Realty

Co-Listed By

Dave White

Element RE, Inc License #01311443

Last Buyer's Agent

Chay Huang

CHLV GROUP, INC. License #01121265

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,768 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • 7,238 Sq Ft Home
  • Property Attached
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 52
  • Tax Tract Number 7209
  • Assessor Parcel Number 7209016025

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,262
  • New Taxes Expense $13,750
  • Gross Income $8,323
  • Net Operating Income $71,424

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,768 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 7.45
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7209016025
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 145.07

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6768.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 8323.00
  • Gross Scheduled Income: 99876.00
  • Insurance Expense: 2262.00
  • Lot Size Area: 6768.0000 Square Feet
  • Net Operating Income: 71424.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 28452.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Lot: 52
  • Tax Tract Number: 7209
  • Tax Year: 2012
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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
06/03/2014 06/03/14 Sold $1,050,000 -4.5% $145 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $1,100,000 -- $152 / 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 $18,195 $1,287,143 $490,338 $796,805
2024 $17,366 $1,261,906 $480,724 $781,182
2023 $17,066 $1,237,164 $471,299 $765,865
2022 $16,043 $1,212,907 $462,058 $750,849
2021 $15,686 $1,189,126 $452,999 $736,127
2019 $15,462 $1,155,258 $439,564 $715,694
2018 $15,004 $1,132,635 $430,946 $701,689
2016 $13,782 $1,087,310 $414,213 $673,097
2015 $13,243 $1,070,979 $407,992 $662,987
2014 $11,668 $917,000 $431,700 $485,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14035387

California Regional Multiple Listing Service (CRMLS)
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