NOT LISTED FOR SALE
6 Beds
5 Baths
3,335 Sq Ft
6,475 Sq Ft Lot

Last Sold January 18, 2024

Last sale price $975,000 $292 Per Sq Ft

85 Days on Market

About This Home

As of January 2024

Investors, take an opportunity to own this five-unit property close to the traffic circle area, it is the CHEAPEST price 5-unit complex in all of Long Beach. The front house consists of two bedrooms and one bathroom. The building in the rear of the lot has four units of one bedroom and one bathroom each. The property has a two-car garage and four-parking spaces. Investors if you need write offs this property may be good since it needs TLC. The front house is 983 sqft. and the four units in the back consists of 2,352 sqft. total (588 sq ft each unit). This fixer is priced to sell.

Last Agent to Sell the Property

Mario Chavez

Century 21 Union Realty License #01203474 Listed on: 09/13/2023

Century 21 Union Realty

Last Buyer's Agent

Daniel Casado

Casado Real Estate Inc. License #01920041

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,475 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,335 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 13 / A
  • Tax Tract Number 5751
  • Assessor Parcel Number 7260015015
  • $963 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Circle Subdivision

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $3,000
  • Operating Expense $4,000
  • Gross Income $3,095
  • Net Operating Income $2,795

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 220000
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 3000.00
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7260015015
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 292.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6475.00
  • Lot Size Acres: 0.1486

Multi Family

  • Gross Income: 3095.00
  • Gross Scheduled Income: 3095.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6475.0000 Square Feet
  • Net Operating Income: 2795.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 300.00
  • Rent Control: No
  • Total Expenses: 4000.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5751.02
  • Tax Lot: 13
  • Tax Tract Number: 5751
  • TaxOtherAnnualAssessmentAmount: 963.00

Range of Values:

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Average Value
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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 Change Sq Ft Price
01/18/2024 01/18/24 Sold $975,000 -11.4% $292 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $1,100,000 -8.3% $330 / Sq Ft
11/13/2023 11/13/23 Price Changed $1,200,000 -14.3% $360 / Sq Ft
09/13/2023 09/13/23 For Sale $1,400,000 -- $420 / 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: SB23172091

California Regional Multiple Listing Service (CRMLS)