D
Seller's Agent in 2022
Derek Branch
Keller Williams Advisors
2311 E 11th St Long Beach, CA 90804
Cambodia Town NeighborhoodEstimated Value: $1,163,000 - $1,518,000
5
Beds
4
Baths
2,366
Sq Ft
$567/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Heating Available
- 1-Story Property
- Woodrow Wilson High School Rated A
About This Home
As of June 20222311 E 11th St is a rare opportunity to acquire 4 Units & an ADU collecting an additional $1,590 per month. The property will be financed residentially. This building is located between Downtown Long Beach and the Traffic Circle Area, less than 1.5 Miles to the Pacific Ocean, where long term rental demand is high. The property offers strong in place rents, trading at a CAP rate of 4.86% and GRM of 13.49. Four of five tenants are Section 8, offering secured income. The ADU has recently been completely remodeled. Rental increases to take effect in January and March. Bathroom remodel completed on one other unit. ADU permit to be transferred to new owner through escrow.
See offering memorandum in supplements for additional details.
Last Agent to Sell the Property
Derek Branch
Keller Williams Advisors License #02100209 Listed on: 12/01/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 3,926 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
Interior Spaces
- 2,366 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Location
- Property is near public transit
- Urban Location
Utilities
- Heating Available
Listing and Financial Details
- Legal Lot and Block 14 / D
- Tax Tract Number 576
- Assessor Parcel Number 7260031001
Community Details
Overview
- 4 Units
- Eastside Subdivision
Building Details
- 5 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $975
- Fuel Expense $975
- Insurance Expense $2,000
- Professional Management Expense $4,500
- Trash Expense $975
- Water Sewer Expense $975
- Operating Expense $32,618
- Gross Income $94,500
- Net Operating Income $61,938
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 1, 2022
Sold by
Alnico Properties Llc
Bought by
Rosefaminv Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,375
Interest Rate
5.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 21, 2019
Sold by
Maverick Rose Property Llc
Bought by
Alnico Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 10, 2018
Sold by
Rose Steven C
Bought by
Maverick Rose Property Llc
Purchase Details
Listed on
Nov 26, 2017
Closed on
Jan 22, 2018
Sold by
Rose Marsha A
Bought by
Rose Steven C
Seller's Agent
Vee Vinhnee
Coldwell Banker Realty
Buyer's Agent
Chuck Brewer
Home Smart Realty Group
List Price
$679,900
Sold Price
$675,000
Premium/Discount to List
-$4,900
-0.72%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$506,250
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 26, 2017
Closed on
Dec 12, 2017
Sold by
Ringwood Ryan
Bought by
Rose Steven C
Seller's Agent
Vee Vinhnee
Coldwell Banker Realty
Buyer's Agent
Chuck Brewer
Home Smart Realty Group
List Price
$679,900
Sold Price
$675,000
Premium/Discount to List
-$4,900
-0.72%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2013
Sold by
Reymundo Beatriz E
Bought by
Ringwood Ryan and Ringwood Kelly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,110
Interest Rate
3.51%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 20, 2007
Sold by
S & L Management Inc
Bought by
Reymundo Beatriz E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,990
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 6, 2006
Sold by
Cho Joe
Bought by
S & L Management Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,550
Interest Rate
6.46%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
May 24, 2005
Sold by
Cho Young A
Bought by
Cho Joe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2003
Sold by
Cho Young
Bought by
Cho Joe
Purchase Details
Closed on
Sep 8, 2003
Sold by
Hud
Bought by
Cho Joe
Purchase Details
Closed on
Mar 7, 2003
Sold by
Chase Manhattan Mortgage Corp
Bought by
Hud
Purchase Details
Closed on
Feb 7, 2003
Sold by
Lewis Jeffrey
Bought by
Chase Manhattan Mortgage Corp
Purchase Details
Closed on
Aug 2, 2000
Sold by
Record Development Inc
Bought by
Lewis Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,882
Interest Rate
7.9%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 17, 1998
Sold by
2974 Properties Inc
Bought by
Record Development Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.63%
Purchase Details
Closed on
Sep 23, 1994
Sold by
Weida Philip G
Bought by
2974 Properties Inc
Purchase Details
Closed on
Nov 9, 1993
Sold by
Gomez David
Bought by
Hernandez Jorge and Hernandez Maria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rosefaminv Llc | $1,275,000 | Ticor Title | |
| Alnico Properties Llc | $925,000 | First American Title Co | |
| Maverick Rose Property Llc | -- | None Available | |
| Rose Steven C | -- | Old Republic Title Company | |
| Rose Steven C | $675,000 | Old Republic Title Company | |
| Ringwood Ryan | $365,000 | Fidelity Natl Title Ins Co | |
| Reymundo Beatriz E | -- | Ticor Title Co | |
| S & L Management Inc | -- | Ticor Title Co Glendale | |
| Cho Joe | -- | -- | |
| Cho Joe | -- | -- | |
| Cho Joe | -- | Commerce Title | |
| Hud | -- | Commerce Title | |
| Chase Manhattan Mortgage Corp | $293,512 | Commerce Title Co | |
| Lewis Jeffrey | $259,000 | Benefit Land Title Company | |
| Record Development Inc | $135,000 | First Southwestern Title Co | |
| 2974 Properties Inc | $68,874 | First Southwestern Title Co | |
| Hernandez Jorge | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rosefaminv Llc | $924,375 | |
| Previous Owner | Alnico Properties Llc | $555,000 | |
| Previous Owner | Rose Steven C | $506,250 | |
| Previous Owner | Ringwood Ryan | $297,110 | |
| Previous Owner | Reymundo Beatriz E | $499,990 | |
| Previous Owner | S & L Management Inc | $535,550 | |
| Previous Owner | Cho Joe | $400,000 | |
| Previous Owner | Lewis Jeffrey | $256,882 | |
| Previous Owner | Record Development Inc | $153,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2022 06/02/22 | Sold | $1,275,000 | 0.0% | $539 / Sq Ft | |
| 02/15/2022 02/15/22 | Pending | -- | -- | -- | |
| 12/01/2021 12/01/21 | For Sale | $1,275,000 | +37.8% | $539 / Sq Ft | |
| 04/26/2019 04/26/19 | Sold | $925,000 | -6.5% | $391 / Sq Ft | View Prior Sale |
| 04/09/2019 04/09/19 | Pending | -- | -- | -- | |
| 10/31/2018 10/31/18 | For Sale | $989,000 | +46.5% | $418 / Sq Ft | |
| 02/08/2018 02/08/18 | Sold | $675,000 | -0.7% | $285 / Sq Ft | View Prior Sale |
| 12/05/2017 12/05/17 | Pending | -- | -- | -- | |
| 11/26/2017 11/26/17 | For Sale | $679,900 | +86.3% | $287 / Sq Ft | |
| 02/12/2013 02/12/13 | Sold | $365,000 | +4.3% | $154 / Sq Ft | View Prior Sale |
| 01/11/2013 01/11/13 | Pending | -- | -- | -- | |
| 11/28/2012 11/28/12 | For Sale | $350,000 | -- | $148 / 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 | $17,248 | $1,353,040 | $795,906 | $557,134 |
| 2024 | $17,248 | $1,326,510 | $780,300 | $546,210 |
| 2023 | $16,957 | $1,300,500 | $765,000 | $535,500 |
| 2022 | $12,313 | $972,338 | $630,706 | $341,632 |
| 2021 | $12,065 | $953,274 | $618,340 | $334,934 |
| 2019 | $9,032 | $689,180 | $484,500 | $204,680 |
| 2018 | $5,380 | $395,702 | $216,451 | $179,251 |
| 2016 | $4,951 | $379,685 | $208,047 | $171,638 |
| 2015 | $4,761 | $373,982 | $204,922 | $169,060 |
| 2014 | $4,746 | $366,657 | $200,908 | $165,749 |
Source: Public Records
Agents Affiliated with this Home
-
-
Matthew Drenner
Buyer's Agent in 2022
Matthew Drenner
Real Estate Establishment Inc.
(714) 322-9030
1 in this area
71 Total Sales
-
C
Seller's Agent in 2019
Chuck Brewer
Home Smart Realty Group
-
Josh Ess
Buyer's Agent in 2019
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
37 Total Sales
-
V
Seller's Agent in 2018
Vee Vinhnee
Coldwell Banker Realty
-
Mark Ruiz
Seller's Agent in 2013
Mark Ruiz
C-21 Astro
(714) 815-4634
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21256201
APN: 7260-031-001
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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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