$400,000
SOLD DEC 14, 2012

2024 Lemon Ave Long Beach, CA 90806

Sunrise Neighborhood
6 Beds
6 Baths
2,016 Sq Ft
6,514 Sq Ft Lot

Recently Sold

$198 Per Sq Ft

2% Below List Price

76 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Siding
  • 3-minute walk to Martin Luther King Jr Park
  • Long Beach Polytechnic High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2022

This is a great investment property. It has 2 separate 3 unit buildings with parking in the rear with alley access. Both buildings have new roofs installed. 3 units just have been refurbished. Very little turnover in renters. Please drive by only.

Last Agent to Sell the Property

Vincent Cervantes

Freedom Homes License #00922870 Listed on: 07/10/2012

Last Buyer's Agent

Karen Anderson

Keller Williams Realty License #01224307

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,514 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property fronts an alley

Parking

  • 6 Parking Spaces

Home Design

  • 2,016 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / C
  • Tax Tract Number 10403
  • Assessor Parcel Number 7210027011

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $336
  • Water Sewer Expense $1,752
  • New Taxes Expense $5,100
  • Gross Income $3,150
  • Net Operating Income $35,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.63
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1752.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7210027011
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 198.41

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 336.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size: 50x130
  • Lot Size Sq Ft: 6514.00
  • Lot Size Acres: 0.1500

Multi Family

  • Average1 Bed Area: 336
  • Gross Income: 3150.00
  • Gross Multiplier: 10.82
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 800.00
  • Net Operating Income: 35300.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 2500.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Area: 5500
  • Tax Block: C
  • Tax Lot: 9
  • Tax Tract Number: 10403
  • Tax Year: 2012

Range of Values:

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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 Change Sq Ft Price
09/21/2022 09/21/22 Sold $1,275,000 0.0% $632 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,275,000 +218.8% $632 / Sq Ft
12/14/2012 12/14/12 Sold $400,000 -2.2% $198 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $409,000 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Harrington

    Seller's Agent in 2022

    David Harrington

    Matthews Real Estate Investment Services

    (866) 889-0550

    1 in this area

    35 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Marissa Mashburn

    Marissa G. Mashburn, Broker

    (562) 397-3192

    1 in this area

    3 Total Sales

    Marissa Mashburn
    Section Image

  • V

    Seller's Agent in 2012

    Vincent Cervantes

    Freedom Homes

    (562) 732-4640

    2 in this area

    14 Total Sales

    Vincent Cervantes
    Section Image
  • Karen Anderson

    Buyer's Agent in 2012

    Karen Anderson

    Keller Williams Realty

    (310) 251-2883

    240 Total Sales

    Karen Anderson
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1203554

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 Sunrise

2024 Lemon Ave, Long Beach, CA

This home is located at 2024 Lemon Ave, Long Beach, CA 90806 and is currently priced at $400,000, approximately $198 per square foot. This property was built in 1922. 2024 Lemon Ave is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic 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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