Seller's Agent in 2015
Julie Hughes
Realty One Group Homelink
(714) 393-5055
24 Total Sales
2275 Pine Ave Unit 8 Long Beach, CA 90806
Southeast Wrigley Neighborhood
8
Beds
6
Baths
5,198
Sq Ft
6,317
Sq Ft Lot
Highlights
- Property is near public transit
- Traditional Architecture
- Laundry Room
- Long Beach Polytechnic High School Rated A
- No HOA
- Tile Flooring
About This Home
As of August 2015Fantastic 8 unit building in great part of Wrigley. 2 2-bedroom units and 6 1-bedroom units. This part of Pine has a few multi unit buildings and primarily single family residences. Smooth running building has no deferred maintenance. On site manager (Mgr = unit #1 rents for only $650) keeps it in tip top shape! Separately metered for electric. Laundry room and relaxing courtyard for tenants enjoyment. 3 enclosed garages at the front of the building and 4 car ports at the back of the building. Definite upside potential for rents. Income Actual - Expenses Estimated. Proforma rent for the 1 Bedrooms is $950 and for the 2 bedrooms is $1150. Total Proforma income is $8100/mo - $97,200/yr. Proforma Cap rate = 6.07% Proforma GRM = 11.98
Last Agent to Sell the Property
Realty One Group Homelink License #01360644 Listed on: 05/17/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,317 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 3 Car Garage
- 4 Carport Spaces
Home Design
- Traditional Architecture
- Property Attached
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 5,198 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Electric Range
- Laundry Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Additional Features
- Rain Gutters
- Property is near public transit
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 16 / A
- Tax Tract Number 5731
- Assessor Parcel Number 7205020016
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $7,445
- Net Operating Income $64,994
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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 |
|---|---|---|---|---|
| 08/20/2015 08/20/15 | Sold | $1,150,000 | -1.3% | $221 / Sq Ft |
| 06/11/2015 06/11/15 | Pending | -- | -- | -- |
| 05/17/2015 05/17/15 | For Sale | $1,165,000 | -- | $224 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $18,927 | $1,361,359 | $355,136 | $1,006,223 |
| 2024 | $18,091 | $1,334,667 | $348,173 | $986,494 |
| 2023 | $17,777 | $1,308,498 | $341,347 | $967,151 |
| 2022 | $16,701 | $1,282,842 | $334,654 | $948,188 |
| 2021 | $16,344 | $1,257,690 | $328,093 | $929,597 |
| 2020 | $16,301 | $1,245,415 | $324,729 | $920,686 |
| 2019 | $16,110 | $1,221,008 | $318,362 | $902,646 |
| 2018 | $15,661 | $1,197,080 | $312,120 | $884,960 |
| 2016 | $14,407 | $1,150,000 | $300,000 | $850,000 |
| 2015 | $11,470 | $922,149 | $307,383 | $614,766 |
| 2014 | $11,421 | $904,086 | $301,362 | $602,724 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Hughes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15105816
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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