NOT LISTED FOR SALE
1 Bed
2 Baths
10,776 Sq Ft
8,257 Sq Ft Lot

Last Sold December 10, 2019

Last sale price $4,250,000 $394 Per Sq Ft

14 Days on Market

Highlights

  • 0.19 Acre Lot
  • Rectangular Lot
  • 3-minute walk to Bixby Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2019

Sold before processing

Last Agent to Sell the Property

Richard Gaylord

Re/Max R. E. Specialists License #00680197 Listed on: 09/25/2019

Re/Max R. E. Specialists

Last Buyer's Agent

Byron Field

Keller Williams Larchmont License #01934775

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,257 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • 10,776 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 17 / 51
  • Assessor Parcel Number 7265018019

Community Details

Overview

  • 17 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Professional Management Expense $12,000
  • Trash Expense $480
  • Water Sewer Expense $1,080
  • New Taxes Expense $5,490
  • Operating Expense $20,750
  • Gross Income $21,000
  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Professional Management Expense: 12000.00
  • Property Attached: No
  • Water Sewer Expenses: 1080.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7265018019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 394.39

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 480.00
  • 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: Rectangular Lot
  • Lot Size Sq Ft: 8257.00
  • Lot Size Acres: 0.1896

Multi Family

  • Gross Income: 21000.00
  • Gross Scheduled Income: 21000.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 8257.0000 Square Feet
  • Net Operating Income: 16000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 20750.00

Tax Info

  • New Taxes Expense: 5490.00
  • Tax Block: 51
  • Tax Census Tract: 5766.02
  • Tax Lot: 17
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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
12/10/2019 12/10/19 Sold $4,250,000 -7.6% $394 / Sq Ft
10/09/2019 10/09/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $4,600,000 -- $427 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $59,631 $4,647,994 $1,367,057 $3,280,937
2024 $59,631 $4,556,857 $1,340,252 $3,216,605
2023 $58,613 $4,467,508 $1,313,973 $3,153,535
2022 $55,002 $4,379,910 $1,288,209 $3,091,701
2021 $53,892 $4,294,030 $1,262,950 $3,031,080
2020 $53,753 $4,252,700 $1,250,000 $3,002,700
2019 $8,074 $446,406 $100,854 $345,552
2018 $7,779 $437,707 $98,877 $338,830
2016 $7,138 $418,118 $95,039 $323,079
2015 $6,905 $411,839 $93,612 $318,227
2014 $6,956 $403,773 $91,779 $311,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19278926

California Regional Multiple Listing Service (CRMLS)