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

Sale Details

Date Sold: December 8, 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
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 12,709 Sq Ft 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

0.29 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,535,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Bluff Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$4,950,000 First American Title Company
-- Accommodation
-- Accommodation
-- None Available
-- North American
$1,905,000 North American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,535,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $76,686 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15189701

California Regional Multiple Listing Service (CRMLS)
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