NOT LISTED FOR SALE
11 Beds
7 Baths
5,484 Sq Ft
6,146 Sq Ft Lot

Last Sold December 21, 2020

Last sale price $1,305,000 $238 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of December 2020

7 Units investment property. 5 - 2 bedroom 1 bath units and 2- 1 bedroom 1 bath units. Full occupancy. Located in West-side Long Beach .

Last Agent to Sell the Property

Toni Skane

Coldwell Banker Assoc.Brks-CL License #01433617 Listed on: 11/15/2020

Coldwell Banker Assoc.Brks-CL

Co-Listed By

Breanna Cotter

Coldwell Banker Assoc.Brks-CL License #01890971

Last Buyer's Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 6,146 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 5,484 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 21 / 6
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431030010

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Westside/South Of Willow Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $2,000
  • Professional Management Expense $8,400
  • Trash Expense $305
  • New Taxes Expense $3,179
  • Operating Expense $18,359
  • Gross Income $106,440
  • Net Operating Income $18,359

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 8400.00
  • Property Attached: No
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7431030010
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 237.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 305.32
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6146.00
  • Lot Size Acres: 0.1411

Multi Family

  • Gross Income: 106440.00
  • Gross Scheduled Income: 8750.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6146.0000 Square Feet
  • Net Operating Income: 18359.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 18359.00
  • Rent Control: No
  • Total Expenses: 18359.28

Tax Info

  • New Taxes Expense: 3179.00
  • Tax Block: 6
  • Tax Census Tract: 5729.00
  • Tax Lot: 21
  • Tax Tract Number: 1833

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
12/21/2020 12/21/20 Sold $1,305,000 0.0% $238 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/16/2020 11/16/20 Off Market $1,305,000 -- --
11/15/2020 11/15/20 For Sale $1,300,000 -- $237 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,588 $1,412,571 $757,701 $654,870
2024 $18,588 $1,384,875 $742,845 $642,030
2023 $18,268 $1,357,722 $728,280 $629,442
2022 $17,159 $1,331,100 $714,000 $617,100
2021 $13,371 $1,305,000 $700,000 $605,000
2020 $3,215 $164,051 $25,307 $138,744
2019 $3,179 $160,835 $24,811 $136,024
2018 $3,023 $157,682 $24,325 $133,357
2016 $2,765 $151,562 $23,382 $128,180
2015 $2,679 $149,286 $23,031 $126,255
2014 $2,704 $146,362 $22,580 $123,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20240387

California Regional Multiple Listing Service (CRMLS)