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
  • Entry Location: Ground Level
  • 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
  • Vacancy Allowance: 2

Tax Info

  • New Taxes Expense: 11062.00
  • Tax Lot: 10
  • Tax Tract Number: 1833

Range of Values:

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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 Change Sq Ft Price
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
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

Agents Affiliated with this Home

  • Juan Huizar

    Seller's Agent in 2016

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    105 Total Sales

    Juan Huizar
    Section Image
  • Jon Swire

    Buyer's Agent in 2016

    Jon Swire

    The Agency

    31 Total Sales

    Jon Swire
    Section Image
  • Dan Varner

    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

This home is located at 1900 Harbor Ave Unit E, Long Beach, CA 90810 since 03 May 2016. This property was built in 1959. 1900 Harbor Ave Unit E is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and We the People High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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