J
Seller's Agent in 2017
Justin Edwards
Beach Cities Management, Inc.
(562) 888-0247
14 Total Sales
1857 Pine Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
12
Beds
10
Baths
12,067
Sq Ft
0.31
Acres
Highlights
- Gated Community
- 13,500 Sq Ft lot
- Traditional Architecture
- Long Beach Polytechnic High School Rated A
- Open Floorplan
- Wood Flooring
About This Home
As of March 2017Two words: Runs Smoothly! This 16 Unit Apartment complex has been extremely well maintained throughout the current owner's decade of ownership. Each unit has many upgrades including granite countertops, new tubs, and tile flooring in many. The building is fully occupied with most of them being long-term tenants of many years. The complex has 12 enclosed garages that are accessed from the rear alley, very large units, and clean and secure common areas, making this building a highly desirable rental in the area. The complex is gated from both front and rear, and offers residents two onsite laundry rooms. The complex is very quiet and residents feel comfortable and at home here. Every unit is seperately metered for electricity and gas. Front lawn includes automatic sprinklers, and complex has automatic common area lighting throughout. The complex also includes two storage rooms under the stairs that currently house spare parts for maintenance and cleaning supplies. The building has been professionally managed for many years and would be happy to meet the new owner to help with either a smooth transition or continued management for the new owner, if its desired. Rents are currently under market because owners haven't been increasing rents regularly, so upside potential is Big! If you're looking for a reliable, passive source of monthly income from Real Estate, this complex gives you all of that and more!
Last Agent to Sell the Property
Beach Cities Management, Inc. License #01704406 Listed on: 11/18/2016
Co-Listed By
Chloe Cruz
Beach Cities Management, Inc. License #01963271
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,866
Year Built
- Built in 1959 | Remodeled
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 149'x90'
- Two or More Common Walls
- East Facing Home
- Security Fence
- Wrought Iron Fence
- Privacy Fence
- Landscaped
- Level Lot
- Front Yard Sprinklers
- Sprinklers on Timer
- Density is up to 1 Unit/Acre
- 7209021008
Parking
- 12 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Traditional Architecture
- Apartment
- Turnkey
- Raised Foundation
- Fire Rated Drywall
- Shingle Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 12,067 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Blinds
- Window Screens
- Panel Doors
- Courtyard Views
Kitchen
- Gas Cooktop
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- No Interior Steps
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Legal Lot and Block 38 / A
- Tax Tract Number 38
- Assessor Parcel Number 7209021010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 16 Units
Building Details
- 16 Leased Units
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,288
- Gardener Expense $1,200
- Insurance Expense $3,941
- Maintenance Expense $2,800
- Pest Control $600
- Professional Management Expense $11,054
- Supplies Expense $300
- Trash Expense $4,829
- Water Sewer Expense $5,088
- New Taxes Expense $32,437
- Operating Expense $63,937
- Gross Income $1,440
- Net Operating Income $129,118
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2017 03/17/17 | Sold | $2,630,000 | +1.2% | $218 / Sq Ft |
| 11/22/2016 11/22/16 | Pending | -- | -- | -- |
| 11/18/2016 11/18/16 | For Sale | $2,599,900 | 0.0% | $215 / Sq Ft |
| 10/13/2014 10/13/14 | Rented | $950 | 0.0% | -- |
| 10/13/2014 10/13/14 | For Rent | $950 | +19.5% | -- |
| 01/29/2014 01/29/14 | Rented | $795 | 0.0% | -- |
| 12/30/2013 12/30/13 | Under Contract | -- | -- | -- |
| 11/12/2013 11/12/13 | For Rent | $795 | +14.4% | -- |
| 03/04/2013 03/04/13 | Rented | $695 | 0.0% | -- |
| 03/04/2013 03/04/13 | Under Contract | -- | -- | -- |
| 02/19/2013 02/19/13 | For Rent | $695 | -12.6% | -- |
| 02/10/2012 02/10/12 | Rented | $795 | 0.0% | -- |
| 02/10/2012 02/10/12 | Under Contract | -- | -- | -- |
| 11/28/2011 11/28/11 | For Rent | $795 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Justin Edwards
-
C
Seller Co-Listing Agent in 2017
Chloe Cruz
Beach Cities Management, Inc.
-
Jon Swire
Buyer's Agent in 2017
Jon Swire
The Agency
3 in this area
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16749835
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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