NOT LISTED FOR SALE

1900 Harbor Ave Unit E Long Beach, CA 90810

Lower Westside Neighborhood
10 Beds
5 Baths
3,978 Sq Ft
7,572 Sq Ft Lot

Last Sold July 21, 2016

Last sale price $885,000 $222 Per Sq Ft

16 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Laundry Room

About This Home

As of July 2016

Excellent 5 unit building, each unit is a large 2 Bedroom apartment. This well-maintained property is situated on a large corner lot, has a lush courtyard, community laundry room and 6 garages. This two story wood frame and painted stucco building offers 3,978 square feet. The units are in good condition, the 3 downstairs units have ceramic tile through out and each are individually sub-metered for gas/electric. Long term tenants, fully occupied with strong upside in rents makes for a great value-add opportunity. Priced at an actual 5.1% Cap Rate and 12.1 Gross rent multiplier.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 05/03/2016

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,572 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,978 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431024005

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,236
  • Gardener Expense $2,400
  • Insurance Expense $1,500
  • Maintenance Expense $380
  • Other Expense $304
  • Professional Management Expense $3,510
  • Water Sewer Expense $2,184
  • New Taxes Expense $11,062
  • Gross Income $5,850
  • Net Operating Income $45,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 5.10
  • Professional Management Expense: 3510.00
  • Property Attached: Yes
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Water Sewer Expenses: 2184.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7431024005
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: Two
  • Price Per Square Foot: 222.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7572.00
  • Price Per Lot Square Foot: 116.88

Multi Family

  • Average2 Bed Area: 795
  • Electric Expense: 1236.00
  • Gross Income: 5850.00
  • Gross Multiplier: 12.60
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1500.00
  • Maintenance Expense: 380.00
  • Net Operating Income: 45630.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 24570.00
  • Other Expense: 304.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11062.00
  • Tax Lot: 10
  • 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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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 Prior Sale
07/21/2016 07/21/16 Sold $885,000 0.0% $222 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $885,000 +41.6% $222 / Sq Ft
11/20/2013 11/20/13 Sold $625,000 0.0% $157 / Sq Ft View Prior Sale
08/07/2013 08/07/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $625,000 -- $157 / 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 $18,313 $1,351,955 $865,945 $486,010
2024 $17,518 $1,325,447 $848,966 $476,481
2023 $17,222 $1,299,459 $832,320 $467,139
2022 $16,171 $1,273,980 $816,000 $457,980
2021 $12,267 $948,898 $536,101 $412,797
2020 $12,234 $939,169 $530,604 $408,565
2019 $12,092 $920,754 $520,200 $400,554
2018 $11,733 $902,700 $510,000 $392,700
2016 $8,241 $647,208 $310,660 $336,548
2015 $7,920 $637,487 $305,994 $331,493
2014 $7,885 $625,000 $300,000 $325,000
Source: Public Records

Agents Affiliated with this Home

  • Juan Huizar

    Seller's Agent in 2016

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    96 Total Sales

    Juan Huizar
    Section Image
  • Jon Swire

    Buyer's Agent in 2016

    Jon Swire

    The Agency

    (310) 948-2631

    34 Total Sales

    Jon Swire
    Section Image

  • D

    Seller's Agent in 2013

    Dan Varner

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16092983

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90810 Lower Westside

1900 Harbor Ave Unit E, Long Beach, CA

Not Listed for Sale

MultiFamily

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