NOT LISTED FOR SALE
16 Beds
16 Baths
6,188 Sq Ft
6,501 Sq Ft Lot

Last Sold November 16, 2018

Last sale price $1,950,000 $315 Per Sq Ft

98 Days on Market

About This Home

As of November 2018

8 unit building in great Wrigley Neighborhood in Long Beach. Built in 1986, the property consists of (8) 2bd/2bth units, 10 gated surface parking spaces, and an additional 3 single car garages. Copper plumbing throughout, tankless hot water heaters. Laundry facility onsite but currently not being used. Substantial upside in the rents.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 07/20/2018

Last Buyer's Agent

Chuck Tam

Alden Pacific Investments, Inc. License #02063622

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,501 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 3 Car Garage
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Property Attached

Interior Spaces

  • 6,188 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5731
  • Assessor Parcel Number 7205015002

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Gross Income $10,695
  • Net Operating Income $128,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7205015002
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 315.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure
  • Total Parking Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Gross Income: 10695.00
  • Gross Scheduled Income: 128340.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 128340.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5731.00
  • Tax Lot: 2
  • Tax Tract Number: 5731

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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Average Value
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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 Prior Sale
11/16/2018 11/16/18 Sold $1,950,000 -2.5% $315 / Sq Ft
10/18/2018 10/18/18 Price Changed $2,000,000 -1.4% $323 / Sq Ft
09/19/2018 09/19/18 Price Changed $2,029,000 -1.0% $328 / Sq Ft
08/15/2018 08/15/18 Price Changed $2,049,000 -2.2% $331 / Sq Ft
07/20/2018 07/20/18 For Sale $2,095,000 +88.7% $339 / Sq Ft
12/05/2012 12/05/12 Sold $1,110,000 -1.3% $179 / Sq Ft View Prior Sale
10/05/2012 10/05/12 Pending -- -- --
09/28/2012 09/28/12 For Sale $1,125,000 -- $182 / 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 $28,057 $2,175,257 $669,309 $1,505,948
2024 $28,057 $2,132,606 $656,186 $1,476,420
2023 $27,580 $2,090,791 $643,320 $1,447,471
2022 $25,889 $2,049,796 $630,706 $1,419,090
2021 $25,361 $2,009,605 $618,340 $1,391,265
2019 $24,998 $1,950,000 $600,000 $1,350,000
2018 $15,771 $1,201,306 $432,903 $768,403
2016 $14,498 $1,154,660 $416,094 $738,566
2015 $13,927 $1,137,317 $409,844 $727,473
2014 $13,857 $1,115,039 $401,816 $713,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18175205

California Regional Multiple Listing Service (CRMLS)