NOT LISTED FOR SALE

2161 Pasadena Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,435,000 - $1,591,000

12 Beds
4 Baths
4,104 Sq Ft
$375/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2024

Last sale price $1,535,000 $374 Per Sq Ft

Current estimated payment $10,005 / mo

18 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Garden
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Landscaped

About This Home

As of September 2024

2161 Pasadena Avenue is an attractive and well-maintained investment property.

Reasons to Consider:
-All spacious 3BR/1BA Units with Renovated Interiors.
-Washer/Dryer Hookups
-6.3% Cap Rate on Current Rents
-Attractive Garden Area & Enclosed Parking
-Located in a high-demand rental area.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian Brokerage Email: pdg@morganskenderian.com License #01433769 Listed on: 07/22/2024

Last Buyer's Agent

Gantry Wilson

Real Broker License #01412779

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,303 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Garden
  • Density is 21-25 Units/Acre

Home Design

  • Quadruplex
  • Entry on the 2nd floor

Interior Spaces

  • 4,104 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Private Parking
  • Paved Parking
  • Controlled Entrance

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 009
  • Tax Tract Number 28
  • Assessor Parcel Number 7208028009
  • $875 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Poly High Subdivision

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $1,430
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Maintenance Expense $11,453
  • Other Expense $875
  • Professional Management Expense $1,500
  • Trash Expense $700
  • Water Sewer Expense $700
  • New Taxes Expense $16,080
  • Operating Expense $38,668
  • Gross Income $127,260
  • Net Operating Income $84,754

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

7,303 Sq Ft Lot

Listing Details

  • CapRate: 6.30
  • Professional Management Expense: 1500.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 700.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7208028009
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 2
  • Price Per Square Foot: 374.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Controlled Entrance, Concrete, Private
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Garden, Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 7303.00
  • Lot Size Acres: 0.1677

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1025 Square Feet
  • Electric Expense: 1250.00
  • Fuel Expense: 1430.00
  • Gross Income: 127260.00
  • Gross Multiplier: 10.61
  • Gross Operating Income: 123442.00
  • Gross Scheduled Income: 127260.00
  • Gross Spendable Income: 16141.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7303.0000 Square Feet
  • Maintenance Expense: 11453.00
  • Maintenance Percent: 9.00
  • Net Operating Income: 84754.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 38688.00
  • Operating Expense Percent: 30.40
  • Other Expense: 875.00
  • Other Expense Description: Assemnts
  • Rent Control: No
  • Total Actual Rent: 10605.00
  • Total Expenses: 38668.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16080.00
  • Tax Lot: 009
  • Tax Tract Number: 028
  • TaxOtherAnnualAssessmentAmount: 875.00

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
Jul 22, 2024
Closed on
Sep 23, 2024
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Gantry Wilson
Real Broker
List Price
$1,350,000
Sold Price
$1,535,000
Premium/Discount to List
$185,000
13.7%
Views
14
Current Estimated Value
$1,537,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,347
Avg. Annual Appreciation
0.09%
Original Mortgage
$1,067,500
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 22, 2024
Closed on
Aug 29, 2024
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Gantry Wilson
Real Broker
List Price
$1,350,000
Sold Price
$1,535,000
Premium/Discount to List
$185,000
13.7%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,067,500
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- None Listed On Document
$1,535,000 Ticor Title
-- Commerce Title
$30,000 Commerce Title
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
Previous Owner $1,067,500
Previous Owner $220,500
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
09/18/2024 09/18/24 Sold $1,535,000 +13.7% $374 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $1,350,000 -- $329 / 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 $20,521 $1,535,000 $600,000 $935,000
2024 $15,603 $1,179,419 $428,879 $750,540
2023 $15,342 $1,156,294 $420,470 $735,824
2022 $14,408 $1,133,623 $412,226 $721,397
2021 $14,113 $1,111,396 $404,144 $707,252
2019 $5,978 $422,654 $156,055 $266,599
2018 $5,735 $414,368 $152,996 $261,372
2016 $5,262 $398,280 $147,056 $251,224
2015 $5,063 $392,299 $144,848 $247,451
2014 $5,048 $384,615 $142,011 $242,604
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Peter Gillin

    Morgan Skenderian

  • Gantry Wilson

    Buyer's Agent in 2024

    Gantry Wilson

    Real Broker

    (714) 264-4626

    1 in this area

    73 Total Sales

    Gantry Wilson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24150039

California Regional Multiple Listing Service (CRMLS)

APN: 7208-028-009

California Los Angeles County Long Beach 90806 Sunrise

2161 Pasadena Ave, Long Beach, CA

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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