NOT LISTED FOR SALE
8 Beds
6 Baths
5,432 Sq Ft
6,427 Sq Ft Lot

Last Sold June 13, 2019

Last sale price $1,250,000 $230 Per Sq Ft

9 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Living Room
  • 4-minute walk to NAACP Freedom Park

About This Home

As of June 2019

Awesome investment opportunity knocking. Six units apartment consists of 4-3bed/2bath and 2-1bed/1bath. All units have a spacious living room, storage/laundry room and two of the units have been recently updated with updated bathroom and kitchen. The other four units need some cosmetic repairs. All of the 3 bedrooms were originally 2 bedrooms that were converted to 3 bedrooms. All drain pipes have been replaced from cast iron to ABS pipe. Electricals have been rewired and have electrical sub-panels inside the room under the stairs. All four 1-car garages have been updated with new electrical wiring, drywall, and new paint. Strong rental and high demand area with 100% fully rented and no rent control. Current rents are low due to long term residents. Month to month rents except for one 1-bed Section 8 Housing Unit currently with a 1-year lease. Don't miss out. Call me today.

Last Agent to Sell the Property

Somaly Khem

Realty Connection Group License #01264829 Listed on: 04/22/2019

Last Buyer's Agent

Somaly Khem

Realty Connection Group License #01264829 Listed on: 04/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,427 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Fire Rated Drywall

Interior Spaces

  • 5,432 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Storage
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Tax Tract Number 3395
  • Assessor Parcel Number 7211009009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $3,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7211009009
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Interior Amenities: Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 230.12
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Paved, Yard
  • Lot Size Sq Ft: 6427.00
  • Lot Size Acres: 0.1475

Multi Family

  • Lot Size Area: 6427.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 3500.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5732.01
  • Tax Lot: 7
  • Tax Tract Number: 3395

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/13/2019 06/13/19 Sold $1,250,000 -3.1% $230 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
05/01/2019 05/01/19 Price Changed $1,290,000 -4.4% $237 / Sq Ft
04/22/2019 04/22/19 For Sale $1,350,000 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $19,419 $1,482,827 $557,756 $925,071
2024 $19,419 $1,453,753 $546,820 $906,933
2023 $19,092 $1,425,249 $536,099 $889,150
2022 $16,875 $1,313,971 $525,588 $788,383
2021 $16,520 $1,288,208 $515,283 $772,925
2019 $8,418 $600,511 $255,767 $344,744
2018 $8,123 $588,750 $250,752 $337,998
2016 $7,456 $565,227 $241,016 $324,211
2015 $7,172 $556,738 $237,396 $319,342
2014 $7,151 $545,833 $232,746 $313,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19091573

California Regional Multiple Listing Service (CRMLS)