NOT LISTED FOR SALE
13 Beds
8 Baths
7,497 Sq Ft
7,500 Sq Ft Lot

Last Sold October 23, 2014

Last sale price $1,025,000 $137 Per Sq Ft

13 Days on Market

Highlights

  • Property is near public transit
  • Double Pane Windows
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2014

Very spacious 8 Unit Building located in a Great Part of Wrigley. 5 2-bedroom units and 3 1-bedroom units. All units - month to month rent, except one section 8 tenant - leased.
NO RENT CONTROL! 5 garages are rented separately, good additional source of income. Separately metered for both Gas and Electric. Actual rent is below market rent, easy to increase. Please DO NOT disturb tenants. Offers are subject to inspection. Income are actual, Expenses are Estimated.

Last Agent to Sell the Property

Ella Kunitsa

PREMIER PROPERTIES License #01310892 Listed on: 07/25/2014

Last Buyer's Agent

Pernicia Jordan

Tauler Hughes California Realty License #01911382

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,500 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 7,497 Sq Ft Home
  • Double Pane Windows

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Legal Lot and Block 12 / D
  • Tax Tract Number 12
  • Assessor Parcel Number 7209019021

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Trash Expense $25
  • Water Sewer Expense $3,800
  • New Taxes Expense $5,000
  • Gross Income $7,125
  • Net Operating Income $83,075

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 3800.00
  • Property Type: Residential Income
  • Parcel Number: 7209019021
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 136.72
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Gross Income: 7125.00
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 83075.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 13175.00
  • Rent Control: No
  • Total Actual Rent: 7125.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Block: D
  • Tax Lot: 12
  • Tax Tract Number: 00012
  • Tax Year: 2013
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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
10/23/2014 10/23/14 Sold $1,025,000 -2.4% $137 / Sq Ft
08/07/2014 08/07/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $1,050,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,690 $2,122,415 $636,724 $1,485,691
2024 $27,464 $2,080,800 $624,240 $1,456,560
2023 $26,998 $2,040,000 $612,000 $1,428,000
2022 $25,346 $2,000,000 $600,000 $1,400,000
2021 $15,030 $1,138,078 $444,128 $693,950
2019 $14,815 $1,104,984 $430,956 $674,028
2018 $14,353 $1,083,331 $422,506 $660,825
2016 $13,194 $1,040,631 $406,100 $634,531
2015 $12,678 $1,025,000 $400,000 $625,000
2014 $8,713 $302,780 $181,794 $120,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14157853

California Regional Multiple Listing Service (CRMLS)