NOT LISTED FOR SALE
3 Beds
2 Baths
7,236 Sq Ft
7,841 Sq Ft Lot

Last Sold September 14, 2016

Last sale price $1,678,000 $232 Per Sq Ft

73 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Wall Furnace
  • Laundry Room

About This Home

As of September 2016

Great unit mix of Stu, 1 & 2 bedroom units. Long term ownership with massive upside in rents. Strong rental location and well maintained property. New roof in 2010. Plenty of on-site parking, (12) spaces, and available street parking in front of the complex. Amenities include an on-site laundry room for all tenants, wall A/C units and secured entry.

*The sale of the property is made under authority of the California Probate Code. The Seller is not the title owner, but instead is a representative of a probate estate, a guardianship or a conservatorship. This sale shall be subject to over bid and Probate Court approval.

COURT DATE HAS BEEN SCHEDULED FOR JULY 7 AT 8:30 AM AT THE SUPERIOR COURT OF CALIFORNIA, LOS ANGELES, 111 N. HILL STREET, LOS ANGELES, CA 90012. STANLEY MOSK COURTHOUSE, DEPARTMENT 11

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 04/25/2016

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,161 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 12 Parking Spaces

Home Design

  • 7,236 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7304
  • Tax Tract Number 32
  • Assessor Parcel Number 7304032020

Community Details

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,266
  • Gardener Expense $600
  • Insurance Expense $2,533
  • Maintenance Expense $8,462
  • Trash Expense $4,266
  • Water Sewer Expense $4,266
  • New Taxes Expense $18,857
  • Gross Income $10,385
  • Net Operating Income $66,865

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,161 Sq Ft Lot

Listing Details

  • CapRate: 4.40
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 4266.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7304032020
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 231.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 4266.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 8161.00
  • Price Per Lot Square Foot: 186.86

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 4266.00
  • Gross Income: 10385.00
  • Gross Multiplier: 12.24
  • Gross Scheduled Income: 124620.00
  • Insurance Expense: 2533.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 8462.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 66865.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 54016.00
  • Operating Expense Percent: 43.30
  • Rent Control: No
  • Total Actual Rent: 10200.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18857.00
  • Tax Lot: 7304
  • Tax Tract Number: 032
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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
09/14/2016 09/14/16 Sold $1,678,000 +10.0% $232 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $1,525,000 -- $211 / 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 $26,060 $1,947,457 $786,873 $1,160,584
2024 $26,060 $1,909,273 $771,445 $1,137,828
2023 $25,602 $1,871,837 $756,319 $1,115,518
2022 $24,054 $1,835,136 $741,490 $1,093,646
2021 $23,536 $1,799,153 $726,951 $1,072,202
2019 $23,199 $1,746,991 $705,391 $1,041,600
2018 $22,557 $1,712,760 $691,560 $1,021,200
2016 $18,232 $1,426,425 $218,278 $1,208,147
2015 $6,669 $440,413 $182,939 $257,474
2014 $6,697 $431,787 $179,356 $252,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16088985

California Regional Multiple Listing Service (CRMLS)
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