NOT LISTED FOR SALE

2124 E Bermuda St Long Beach, CA 90814

North Alamitos Beach Neighborhood
8 Beds
7 Baths
5,248 Sq Ft
7,942 Sq Ft Lot

Last Sold October 07, 2014

Last sale price $1,310,000 $250 Per Sq Ft

323 Days on Market

Highlights

  • 0.18 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Carpet

About This Home

As of October 2014

Pride of ownership building in a great Belmont Heights location. Classic showcase building that includes newer roof, stucco, paint and termite, great interior courtyard, seperate laundry, 4 car garages, walk to beach, public transportaion and parks. Rent projected low. Great opportunity, garages included in rent.

Last Agent to Sell the Property

Ken Trossen

Equity Brokers License #00802751 Listed on: 10/11/2013

Co-Listed By

Mike Trossen

Equity Brokers License #01466702

Last Buyer's Agent

Downey Thomas

Fleming Realty License #00712446

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,942 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,248 Sq Ft Home
  • Carpet
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 10464
  • Assessor Parcel Number 7263006021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $1,740
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $15,950
  • Gross Income $7,580
  • Net Operating Income $61,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 1740.00
  • Parcel Number: 7263006021
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 249.62

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Floor Furnace, Wall Furnace, Forced Air
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7942.00
  • Lot Size Acres: 0.1820

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 7580.00
  • Gross Scheduled Income: 90960.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7942.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 61980.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Range: 7
  • Operating Expense: 28980.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 8000.00

Tax Info

  • New Taxes Expense: 15950.00
  • Tax Lot: 4
  • Tax Tract Number: 10464
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/07/2014 10/07/14 Sold $1,310,000 -9.7% $250 / Sq Ft
08/30/2014 08/30/14 Pending -- -- --
10/11/2013 10/11/13 For Sale $1,450,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Ken Trossen

    Equity Brokers

    Section Image

  • M

    Seller Co-Listing Agent in 2014

    Mike Trossen

    Equity Brokers

    (562) 434-6731

    29 Total Sales

    Mike Trossen
    Section Image

  • D

    Buyer's Agent in 2014

    Downey Thomas

    Fleming Realty

    (562) 433-9991

    Downey Thomas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13209313

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 North Alamitos Beach

2124 E Bermuda St, Long Beach, CA

Not Listed for Sale

MultiFamily

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