NOT LISTED FOR SALE

2295 Baltic Ave Long Beach, CA 90810

Westside Neighborhood
3 Beds
3 Baths
2,330 Sq Ft
3,676 Sq Ft Lot

Last Sold February 08, 2016

Last sale price $596,500 $256 Per Sq Ft

185 Days on Market

About This Home

As of February 2016

Very Clean & Maintained, 5–1br/1ba units in Long Beach’s Westside, 1 building with 4 units and a separate house making 5 units total with a gated courtyard. Recently Renovated with new electrical meter, wires, plumbing, stucco, all but water is separate metered, very low maintenance. Rents increased Jan1st to 3@$870+$850+$830=$4,290/month which provides a 6.8% Cap Rate. Fully rented with long term tenants. The building is across the street from Garfield Elementary School in a nice residential neighborhood. Easy income property with the possibility to assume a private note with 25% down. DRIVE BY Only, Offer subject to Inspection, DO NOT Disturb Tenants!

Last Agent to Sell the Property

Kenneth Davis

Coldwell Banker Realty License #01380998 Listed on: 07/02/2015

Last Buyer's Agent

Larry Sangiorgio

First Team Real Estate License #01419541

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 3,676 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Home Design

  • Property Attached

Interior Spaces

  • 2,330 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6-7
  • Tax Tract Number 2300
  • Assessor Parcel Number 7401029003

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Maintenance Expense $350
  • Pest Control $540
  • Professional Management Expense $236
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,125
  • Net Operating Income $39,329

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • CapRate: 6.80
  • Professional Management Expense: 236.00
  • Property Attached: Yes
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7401029003
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 256.01

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 3676.00
  • Price Per Lot Square Foot: 162.27
  • Lot Size Acres: 0.0840

Multi Family

  • Gross Multiplier: 11.20
  • Gross Scheduled Income: 51480.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 3676.0000 Square Feet
  • Maintenance Expense: 350.00
  • Net Operating Income: 39329.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 12151.00
  • Rent Control: No
  • Total Actual Rent: 4290.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Lot: 6-7
  • Tax Tract Number: 2300

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/08/2016 02/08/16 Sold $596,500 -8.2% $256 / Sq Ft
01/03/2016 01/03/16 Pending -- -- --
07/02/2015 07/02/15 For Sale $650,000 +31.3% $279 / Sq Ft
08/30/2013 08/30/13 Sold $495,000 -2.9% $212 / Sq Ft
08/08/2013 08/08/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $510,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kenneth Davis

    Coldwell Banker Realty

  • Larry Sangiorgio

    Buyer's Agent in 2016

    Larry Sangiorgio

    First Team Real Estate

    (714) 595-9200

    48 Total Sales

    Larry Sangiorgio
    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Luis Morente

    Coldwell Banker Realty

    (562) 397-5261

    11 Total Sales

    Luis Morente
    Section Image

  • R

    Buyer's Agent in 2013

    Rick Borrelli

    First Team Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15145528

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90810 Westside

2295 Baltic Ave, Long Beach, CA

This home is located at 2295 Baltic Ave, Long Beach, CA 90810 since 02 July 2015. This property was built in 1937. 2295 Baltic Ave is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and St. Lucy Catholic School.

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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