NOT LISTED FOR SALE
6 Beds
6 Baths
3,250 Sq Ft
3,618 Sq Ft Lot

Sale Details

Date Sold: June 5, 2024

Last sale price $1,000,000 $308 Per Sq Ft

7 Days on Market

About This Home

As of June 2024

1830 W Willow Street is a 3,250 SF 6-Unit property on a 3,618 SF lot in Long Beach. The property consists of all 1-Bed/1-Bath units and there is immediate upside with (3) current vacancies.
Currently operating at a CAP rate of 5.39% with Market CAP of 6.21%, this property provides any investor solid cashflow with potential for upside via upgrades and rent increases. It is also strategically located in the up-and-coming neighborhood of West Long Beach, offering easy access to the Retail and Restaurants on Willow Street and a short drive to Downtown Long Beach
With its premier location, current income, and immediate upside, 1830 W Willow Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 05/01/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 3,618 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 2 / C
  • Tax Tract Number 7161
  • Assessor Parcel Number 7402003002
  • $1,048 per year additional tax assessments

Community Details

Overview

  • 6 Units

Recreation

  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $4,036
  • Maintenance Expense $5,365
  • Other Expense $5,100
  • Professional Management Expense $5,880
  • New Taxes Expense $15,918
  • Operating Expense $37,526
  • Gross Income $107,304
  • Net Operating Income $64,413

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

3,618 Sq Ft Lot

Listing Details

  • Professional Management Expense: 5880.00
  • Property Attached: Yes
  • Zoning: LBCCR
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7402003002
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 307.69

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 3618.00
  • Lot Size Acres: 0.0831
  • Latitude Manual: 33.80411800

Multi Family

  • Gross Income: 107304.00
  • Gross Operating Income: 10139.00
  • Gross Scheduled Income: 107304.00
  • Insurance Expense: 4036.00
  • Lot Size Area: 3618.0000 Square Feet
  • Maintenance Expense: 5365.00
  • Net Operating Income: 64413.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 37526.00
  • Other Expense: 5100.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 37526.00

Tax Info

  • New Taxes Expense: 15918.00
  • Tax Block: C
  • Tax Census Tract: 5727.00
  • Tax Lot: 2
  • Tax Tract Number: 7161
  • TaxOtherAnnualAssessmentAmount: 1048.00

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
May 23, 2025
Sold by
Carol Torres and Gustavo And Carol Torres Trust
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
$250,000
Outstanding Balance
$247,138
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2024
Closed on
May 29, 2024
Sold by
Shaw Family Trust and Carol Ann Shaw Separate Property Trust
Bought by
Gustavo And Carol Torres Trust and Torres
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,195,000
Sold Price
$1,000,000
Premium/Discount to List
-$195,000
-16.32%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.4%

Purchase Details

Listed on
May 1, 2024
Closed on
May 14, 2024
Sold by
Shaw Family Trust and Carol Ann Shaw Separate Property Trust
Bought by
Gustavo And Carol Torres Trust and Torres
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,195,000
Sold Price
$1,000,000
Premium/Discount to List
-$195,000
-16.32%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.4%

Purchase Details

Closed on
May 27, 2005
Sold by
Shaw Carol Ann
Bought by
Shaw Carol Ann and Carol Ann Shaw Separate Property Trust

Purchase Details

Closed on
Mar 28, 2003
Sold by
Shaw Lawrence W
Bought by
Shaw Lawrence William
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
-- Fidelity National Title
Gustavo And Carol Torres Trust $1,000,000 First American Title Company
Gustavo And Carol Torres Trust $1,000,000 First American Title Company
Shaw Carol Ann -- --
Shaw Lawrence William -- --
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 $250,000
Previous Owner Gustavo And Carol Torres Trust $87,500
Previous Owner Gustavo And Carol Torres Trust $630,000
Previous Owner Carol Ann Shaw Separate Property Trust $200,000
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
06/05/2024 06/05/24 Sold $1,000,000 -16.3% $308 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $1,195,000 -- $368 / 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
2026 $14,102 $1,040,400 $676,260 $364,140
2025 $14,102 $1,020,000 $663,000 $357,000
2024 $4,910 $308,288 $41,142 $267,146
2023 $4,815 $302,244 $40,336 $261,908
2022 $4,542 $296,319 $39,546 $256,773
2021 $4,421 $290,510 $38,771 $251,739
2019 $4,358 $282,335 $37,622 $244,713
2018 $4,205 $276,809 $36,885 $239,924
2016 $3,869 $265,639 $35,453 $230,186
2015 $3,730 $261,650 $34,921 $226,729
2014 $3,737 $256,525 $34,237 $222,288
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24086970

California Regional Multiple Listing Service (CRMLS)
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