Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
7 in this area
39 Total Sales
2022 E 7th St Long Beach, CA 90804
North Alamitos Beach Neighborhood
6
Beds
6
Baths
6,944
Sq Ft
7,000
Sq Ft Lot
Highlights
- 0.16 Acre Lot
- Woodrow Wilson High School Rated A
- Laundry Room
About This Home
As of September 2021We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1987, the subject property consists of 6,944 rentable square feet spread throughout a 7,001 square foot lot. The unit mix consists of all 2- bedroom / 2-bathroom units. It is separately metered for gas and electricity.
Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 12/15/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 7,002 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 6,944 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 4 / F
- Tax Tract Number 5768
- Assessor Parcel Number 7262025003
Community Details
Overview
- 8 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $951
- Fuel Expense $951
- Gardener Expense $1,530
- Insurance Expense $2,693
- Maintenance Expense $7,674
- Other Expense $1,445
- Professional Management Expense $6,202
- Trash Expense $951
- Water Sewer Expense $951
- New Taxes Expense $29,911
- Operating Expense $53,882
- Gross Income $153,480
- Net Operating Income $96,554
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $2,375,000 | -3.9% | $342 / Sq Ft |
| 03/24/2021 03/24/21 | Pending | -- | -- | -- |
| 12/15/2020 12/15/20 | For Sale | $2,472,000 | -- | $356 / 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 | $33,798 | $2,520,369 | $1,061,208 | $1,459,161 |
| 2024 | $32,316 | $2,470,950 | $1,040,400 | $1,430,550 |
| 2023 | $31,771 | $2,422,500 | $1,020,000 | $1,402,500 |
| 2022 | $29,818 | $2,375,000 | $1,000,000 | $1,375,000 |
| 2021 | $6,240 | $399,593 | $140,478 | $259,115 |
| 2019 | $6,151 | $388,943 | $136,312 | $252,631 |
| 2018 | $5,920 | $381,341 | $133,640 | $247,701 |
| 2016 | $5,422 | $365,381 | $128,451 | $236,930 |
| 2015 | $5,231 | $359,894 | $126,522 | $233,372 |
| 2014 | $5,240 | $352,845 | $124,044 | $228,801 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Jeffrey Isenberg
Buyer's Agent in 2021
Jeffrey Isenberg
Buckingham Investments, Inc
(310) 982-7055
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20258168
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.
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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