P
Seller's Agent in 2024
Peter Gillin
Morgan Skenderian
2195 Pasadena Ave Long Beach, CA 90806
Sunrise Neighborhood
3
Beds
2
Baths
7,055
Sq Ft
7,310
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Garden
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 7 Car Garage
About This Home
As of September 20242195 Pasadena Ave. is an attractive and well-maintained investment property located in a high demand rental area.
Reasons to Consider:
-Attractive Mix of 1 Bedroom and 2 Bedroom Units
-Substantial Rental Upside
-6.5% Cap Rate on Current Rents
-7 Individual Garages
-Laundry Room & Garden Area
Last Agent to Sell the Property
Peter Gillin
Morgan Skenderian Brokerage Email: pdg@morganskenderian.com License #01433769 Listed on: 07/30/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,310 Sq Ft Lot
- Two or More Common Walls
- Garden
- Density is 26-30 Units/Acre
Parking
- 7 Car Garage
- Parking Available
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 7,055 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 001
- Tax Tract Number 28
- Assessor Parcel Number 7208028001
- $1,704 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 10 Units
- Poly High Subdivision
Amenities
- Laundry Facilities
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 11 Separate Water Meters
- Electric Expense $2,500
- Fuel Expense $2,000
- Gardener Expense $1,200
- Insurance Expense $4,233
- Maintenance Expense $17,626
- Other Expense $1,704
- Professional Management Expense $6,500
- Trash Expense $2,500
- Water Sewer Expense $1,500
- New Taxes Expense $27,097
- Operating Expense $66,860
- Gross Income $220,320
- Net Operating Income $146,851
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $2,395,000 | +5.3% | $339 / Sq Ft |
| 08/15/2024 08/15/24 | Pending | -- | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $2,275,000 | -- | $322 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $27,875 | $2,395,000 | $795,000 | $1,600,000 |
| 2024 | $27,875 | $2,090,792 | $857,760 | $1,233,032 |
| 2023 | $27,396 | $2,049,797 | $840,942 | $1,208,855 |
| 2022 | $25,724 | $2,009,605 | $824,453 | $1,185,152 |
| 2021 | $10,485 | $735,890 | $137,966 | $597,924 |
| 2019 | $10,335 | $715,476 | $133,875 | $581,601 |
| 2018 | $10,005 | $701,475 | $131,250 | $570,225 |
| 2016 | $9,191 | $672,882 | $126,154 | $546,728 |
| 2015 | $8,848 | $662,776 | $124,260 | $538,516 |
| 2014 | $8,837 | $649,794 | $121,826 | $527,968 |
Source: Public Records
Agents Affiliated with this Home
-
-
Molly Ly
Buyer's Agent in 2024
Molly Ly
Hyun Joo Hong, Broker
(562) 235-2205
1 in this area
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24150467
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.
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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