NOT LISTED FOR SALE
10 Beds
8 Baths
5,362 Sq Ft
6,499 Sq Ft Lot

Last Sold January 27, 2022

Last sale price $2,150,000 $401 Per Sq Ft

9 Days on Market

Highlights

  • 0.15 Acre Lot
  • Property is near public transit
  • No HOA
  • Woodrow Wilson High School Rated A
  • Traditional Architecture
  • Laundry Room

About This Home

As of January 2022

Wonderfully maintained 7-unit apartment building bordering Alamitos Beach/North Alamitos Beach and Carroll Park areas of Long Beach. Unit-mix consists of 4 one-bedroom/one-bath units (each approximately 600 sq. ft.) and 3 two-bedroom units (each approximately 1,100 sq. ft.); all of which are fully leased. There are three garages, plus onsite parking spaces in the back with alley access. There is a laundry room onsite, recent upgrades in each unit, plus value-add potential!

Last Agent to Sell the Property

Brandy Adair

Keller Williams Coastal Prop. License #01321232 Listed on: 12/03/2021

Keller Williams Coastal Prop.

Co-Listed By

Jamie Saltman

Keller Williams Realty License #01213694

Last Buyer's Agent

Loree Scarborough

Compass License #01257913

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,499 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 5,362 Sq Ft Home
  • Ceiling Fan
  • Electric Range
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 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, telephone
  • Legal Lot and Block 5 / 1
  • Tax Tract Number 576801
  • Assessor Parcel Number 7263005037
  • $1,278 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $1,300
  • Gardener Expense $2,400
  • Insurance Expense $4,000
  • Maintenance Expense $18,000
  • Pest Control $800
  • Professional Management Expense $8,000
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $20,000
  • Operating Expense $59,000
  • Gross Income $127,400
  • Net Operating Income $68,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 8000.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7263005037
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 400.97

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 800.00
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6499.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Electric Expense: 500.00
  • Fuel Expense: 1300.00
  • Gross Income: 127400.00
  • Gross Scheduled Income: 126900.00
  • Insurance Expense: 4000.00
  • Laundry Income: 500.00
  • Lot Size Area: 6499.0000 Square Feet
  • Maintenance Expense: 18000.00
  • Net Operating Income: 68400.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Disposal: 7
  • Number With Patio: 1
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 59000.00
  • Rent Control: Yes
  • Total Expenses: 59000.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Block: 1
  • Tax Census Tract: 5768.01
  • Tax Lot: 5
  • Tax Tract Number: 576801
  • TaxOtherAnnualAssessmentAmount: 1278.00

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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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
01/27/2022 01/27/22 Sold $2,150,000 0.0% $401 / Sq Ft
12/12/2021 12/12/21 Pending -- -- --
12/07/2021 12/07/21 Off Market $2,150,000 -- --
12/03/2021 12/03/21 For Sale $1,995,000 -- $372 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21259057

California Regional Multiple Listing Service (CRMLS)