NOT LISTED FOR SALE

2053 E Appleton St Long Beach, CA 90803

North Alamitos Beach Neighborhood
11 Beds
11 Baths
5,203 Sq Ft
8,195 Sq Ft Lot

Last Sold December 03, 2012

Last sale price $1,255,000 $241 Per Sq Ft

5 Days on Market

Highlights

  • 0.19 Acre Lot
  • Property is near public transit
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • 3-minute walk to Bixby Park

About This Home

As of December 2012

Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.

Last Agent to Sell the Property

Jim Italiano

Coldwell Banker Realty License #00756275 Listed on: 10/12/2012

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 8,195 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 5,203 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Utilities

  • Radiant Heating System
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 16 / 127
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263007020

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,825
  • Maintenance Expense $3,000
  • New Taxes Expense $14,575
  • Gross Income $8,075
  • Net Operating Income $77,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 5.80
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7263007020
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 241.21

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 8195.00
  • Lot Size Acres: 0.1880

Multi Family

  • Average2 Bed Area: 925
  • Average3 Bed Area: 1500
  • Average Studio Area: 850
  • Gross Income: 8075.00
  • Gross Scheduled Income: 96900.00
  • Insurance Expense: 1825.00
  • Lot Size Area: 8195.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 77000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Rent Control: No
  • Total Actual Rent: 8075.00

Tax Info

  • New Taxes Expense: 14575.00
  • Tax Block: 127
  • Tax Lot: 16
  • Tax Tract Number: 5768
  • Tax Year: 2011
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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
12/03/2012 12/03/12 Sold $1,255,000 -5.3% $241 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
10/12/2012 10/12/12 For Sale $1,325,000 -- $255 / 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 $20,325 $1,570,060 $1,046,710 $523,350
2024 $20,325 $1,539,276 $1,026,187 $513,089
2023 $19,985 $1,509,095 $1,006,066 $503,029
2022 $18,768 $1,479,506 $986,340 $493,166
2021 $18,385 $1,450,497 $967,000 $483,497
2019 $19,201 $1,407,476 $938,319 $469,157
2018 $17,574 $1,379,879 $919,921 $459,958
2016 $16,155 $1,326,299 $884,200 $442,099
2015 $15,508 $1,306,378 $870,919 $435,459
2014 $15,401 $1,280,788 $853,859 $426,929
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jim Italiano

    Coldwell Banker Realty

  • Tim Smith

    Buyer's Agent in 2012

    Tim Smith

    Coldwell Banker Realty

    (949) 478-2295

    672 Total Sales

    Tim Smith
    Section Image
  • Cristi Ulrich

    Buyer Co-Listing Agent in 2012

    Cristi Ulrich

    Coldwell Banker Realty

    (714) 454-9763

    83 Total Sales

    Cristi Ulrich
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW12127016

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 North Alamitos Beach

2053 E Appleton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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