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

Sale Details

Date 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
  • Wilson High School Rated A
  • Traditional Architecture
  • Ceiling Fan

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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

6,499 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Mar 7, 2022
Sold by
Bought by
Seller's Agent
Brandy Adair
Keller Williams Coastal Prop.
Buyer's Agent
Loree Scarborough
Compass
List Price
$1,995,000
Sold Price
$2,150,000
Premium/Discount to List
$155,000
7.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,000
Outstanding Balance
$1,067,245
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2021
Closed on
Jan 24, 2022
Sold by
Bought by
Seller's Agent
Brandy Adair
Keller Williams Coastal Prop.
Buyer's Agent
Loree Scarborough
Compass
List Price
$1,995,000
Sold Price
$2,150,000
Premium/Discount to List
$155,000
7.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,000
Outstanding Balance
$1,067,245
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Alamitos Beach, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$835,000 Orange Coast Title
$2,150,000 Orange Coast Title
-- North American Title Co
$120,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,165,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,516 $2,281,597 $1,591,812 $689,785
2024 $29,190 $2,236,860 $1,560,600 $676,260
2023 $28,697 $2,193,000 $1,530,000 $663,000
2022 $6,120 $399,785 $122,277 $277,508
2021 $5,956 $391,947 $119,880 $272,067
2020 $5,939 $388,329 $118,651 $269,678
2019 $5,871 $380,724 $116,325 $264,399
2018 $5,622 $373,268 $114,045 $259,223
2016 $5,159 $358,391 $109,617 $248,774
2015 $4,973 $353,009 $107,971 $245,038
2014 $4,978 $346,095 $105,856 $240,239
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21259057

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.