NOT LISTED FOR SALE
13 Beds
11 Baths
10,082 Sq Ft
0.29 Acres

Last Sold December 08, 2015

Last sale price $4,950,000 $491 Per Sq Ft

Highlights

  • Ocean Front
  • 0.29 Acre Lot
  • 4-minute walk to Bluff Park
  • Woodrow Wilson High School Rated A

About This Home

As of December 2015

“THE SWAN”…..ICONIC, PRESTIGIOUS & the true definition of what a “PORTFOLIO INCOME PROPERTY” is defined as. Arguably Long Beach’s # 1 LANDMARK, OCEAN FRONT JEWEL 8 Unit Apartment Building. All 8 units have unobstructed Ocean Views.
This 1921 Landmark Income Property sits on 12,709 sqft lot & boasts 10,082 sqft of living space. 5 Garages, 6 Parking Spaces in a secure lot, Laundry room & storage. All units are immaculate and the building has just undergone upgrades & renovations bringing it to a level perfection!
Possibly a “ONCE IN A LIFETIME BUYING OPPORTUNITY”.

Last Agent to Sell the Property

Jean Shapen

Coldwell Banker Realty License #00614080 Listed on: 08/27/2015

Coldwell Banker Realty

Co-Listed By

Todd Hawke

Keller Williams Realty Downey License #01376219

Keller Williams Realty Downey

Last Buyer's Agent

Todd Hawke

Keller Williams Realty Downey License #01376219

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 55 x 230
  • Ocean Front
  • 1 Common Wall

Parking

  • 5 Car Garage

Home Design

  • 10,082 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5767
  • Assessor Parcel Number 7264019007

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $15,900
  • Net Operating Income $190,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.16
  • Property Attached: Yes
  • Subdivision Name Other: Bluff Park (BLF)
  • Property Type: Residential Income
  • Parcel Number: 7264019007
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Three Or More
  • Price Per Square Foot: 490.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size: 55 x 230
  • Lot Size Sq Ft: 12709.00
  • Price Per Lot Square Foot: 389.49
  • Lot Size Acres: 0.2920

Multi Family

  • Gross Income: 15900.00
  • Gross Scheduled Income: 190800.00
  • Lot Size Area: 12709.0000 Square Feet
  • Net Operating Income: 190800.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Rent Control: No
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 5767

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
12/08/2015 12/08/15 Sold $4,950,000 -6.6% $491 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
08/27/2015 08/27/15 For Sale $5,300,000 -- $526 / 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 $73,375 $5,859,793 $3,551,390 $2,308,403
2024 $73,375 $5,744,896 $3,481,755 $2,263,141
2023 $72,159 $5,632,252 $3,413,486 $2,218,766
2022 $67,678 $5,521,816 $3,346,555 $2,175,261
2021 $66,373 $5,413,546 $3,280,937 $2,132,609
2019 $65,424 $5,253,539 $3,183,624 $2,069,915
2018 $63,828 $5,150,540 $3,121,200 $2,029,340
2016 $58,707 $4,950,000 $3,000,000 $1,950,000
2015 $28,118 $2,369,966 $1,421,981 $947,985
2014 $27,923 $2,323,543 $1,394,127 $929,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15189701

California Regional Multiple Listing Service (CRMLS)