Seller's Agent in 2021
Justin White
Justin White
(714) 231-2537
1 in this area
44 Total Sales
2325 N Earl Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
2
Beds
1
Bath
4,666
Sq Ft
5,325
Sq Ft Lot
Highlights
- No HOA
- Balcony
- Sliding Doors
- Long Beach Polytechnic High School Rated A
- Laundry Room
- Bike Trail
About This Home
As of October 2021We are proud to offer a 5-unit apartment building in the Wrigley Area of Long Beach California. The subject property is located at 2325 Earl Avenue, just two blocks East of Pacific Avenue. and three blocks South of Willow Avenue. Located within close proximity to numerous forms of public transportation, a strong Walk Score of 86 indicating most errands can be accomplished by foot.
This unit mix consists all two bedrooms/ one-bathroom units that offer a range of floor plans and square footages. Built in 1964, this property is a two-story garden style building with four enclosed garages in the rear. With approximately 4,666 rentable square feet, and a lot size of 5,325 sq. ft. the property is individually metered for gas and electricity.
The income on the property has been very consistent with a sub 3% vacancy rate and very little to no turnover over the past 24 months. Rents have been averaging $1.84 sq.ft. over the past year, but with some interior improvements, and an upcoming vacancy, the rents can be over elevated to over $2 sq.ft. in today’s rental market. With rents 15% below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, activating the garages for additional income and thus making this acquisition a valuable addition to any investor’s portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 5,325 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in good condition
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Raised Foundation
- Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 4,666 Sq Ft Home
- 2-Story Property
- Electric Fireplace
- Gas Fireplace
- Sliding Doors
- Carpet
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Balcony
Utilities
- Wall Furnace
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, gas
- Legal Lot and Block 9 / B
- Tax Tract Number 3572
- Assessor Parcel Number 7205018022
Community Details
Overview
- No Home Owners Association
- 5 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Recreation
- Dog Park
- Bike Trail
Building Details
- 4 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,100
- Maintenance Expense $3,250
- Professional Management Expense $5,195
- Water Sewer Expense $4,000
- New Taxes Expense $16,594
- Operating Expense $32,214
- Gross Income $100,791
- Net Operating Income $68,577
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2021 10/07/21 | Sold | $1,385,000 | -1.8% | $297 / Sq Ft |
| 09/23/2021 09/23/21 | Price Changed | $1,410,000 | 0.0% | $302 / Sq Ft |
| 09/23/2021 09/23/21 | For Sale | $1,410,000 | 0.0% | $302 / Sq Ft |
| 08/13/2021 08/13/21 | Price Changed | $1,410,000 | 0.0% | $302 / Sq Ft |
| 05/05/2021 05/05/21 | Price Changed | $1,410,000 | -4.4% | $302 / Sq Ft |
| 03/18/2021 03/18/21 | Pending | -- | -- | -- |
| 02/23/2021 02/23/21 | For Sale | $1,475,000 | -- | $316 / 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 | $19,796 | $1,467,119 | $636,724 | $830,395 |
| 2024 | $18,954 | $1,438,353 | $624,240 | $814,113 |
| 2023 | $18,635 | $1,410,150 | $612,000 | $798,150 |
| 2022 | $17,496 | $1,382,500 | $600,000 | $782,500 |
| 2021 | $8,319 | $615,005 | $290,097 | $324,908 |
| 2019 | $8,201 | $596,766 | $281,494 | $315,272 |
| 2018 | $7,921 | $585,066 | $275,975 | $309,091 |
| 2016 | $7,272 | $562,349 | $265,259 | $297,090 |
| 2015 | $6,992 | $553,903 | $261,275 | $292,628 |
| 2014 | $6,965 | $543,053 | $256,157 | $286,896 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Mike Pesci
Buyer's Agent in 2021
Mike Pesci
Keller Williams Studio City
(818) 432-1647
1 in this area
79 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21037559
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
Nearby Homes
- 2285 Earl Ave
- 211 1/2 E Eagle St
- 2369 Pacific Ave
- 2310 Elm Ave
- 2175 Chestnut Ave
- 410 E 21st St
- 2366 Linden Ave
- 2015 Cedar Ave
- 2123 Atlantic Ave
- 2533 Eucalyptus Ave
- 1924 Cedar Ave
- 2451 Daisy Ave
- 2186 Lime Ave
- 1974 Henderson Ave
- 1868 Locust Ave
- 302 E 19th St Unit 7
- 2289 Golden Ave
- 701 E Willow St
- 2280 San Francisco Ave
- 1941 Olive Ave