NOT LISTED FOR SALE
15 Beds
8 Baths
5,842 Sq Ft
6,049 Sq Ft Lot

Last Sold October 31, 2013

Last sale price $927,000 $159 Per Sq Ft

18 Days on Market

About This Home

As of October 2013

Great investment property, located in a strong rental area. Most of the units have been rehabbed and the building has been painted on the outside. The property has three (one car) garages and an ally access. Long term tenants.

Last Agent to Sell the Property

Nabil Antonious

C-21 Astro License #01276499 Listed on: 09/02/2013

Last Buyer's Agent

Nabil Antonious

C-21 Astro License #01276499 Listed on: 09/02/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,049 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,842 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 26 / 25
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126016040

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $9,291
  • Net Operating Income $80,275

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7126016040
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 158.68

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 6049.00
  • Lot Size Acres: 0.1390

Multi Family

  • Gross Income: 9291.00
  • Gross Scheduled Income: 111492.00
  • Lot Size Area: 6049.0000 Square Feet
  • Net Operating Income: 80275.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 31217.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Area: 7992
  • Tax Block: 25
  • Tax Lot: 26
  • Tax Tract Number: 5992
  • Tax Year: 2012

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
10/31/2013 10/31/13 Sold $927,000 -2.4% $159 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
09/02/2013 09/02/13 For Sale $950,000 -- $163 / 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 $15,402 $1,136,364 $511,180 $625,184
2024 $15,402 $1,114,083 $501,157 $612,926
2023 $15,132 $1,092,239 $491,331 $600,908
2022 $14,226 $1,070,824 $481,698 $589,126
2021 $13,909 $1,049,828 $472,253 $577,575
2019 $13,710 $1,018,692 $458,247 $560,445
2018 $13,303 $998,718 $449,262 $549,456
2016 $12,229 $959,938 $431,817 $528,121
2015 $11,752 $945,520 $425,331 $520,189
2014 $11,701 $927,000 $417,000 $510,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13177858

California Regional Multiple Listing Service (CRMLS)