NOT LISTED FOR SALE
3 Beds
2 Baths
4,818 Sq Ft
3,617 Sq Ft Lot

Sale Details

Date Sold: May 13, 2019

Last sale price $1,440,000 $299 Per Sq Ft

61 Days on Market

Highlights

  • 0.08 Acre Lot
  • Property is near public transit
  • Laundry Facilities
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2019

Washer/Dryer included with Unit 1

Beautiful, newly remodeled unit in Long Beach. This beautiful apartment has a bright living area, dining room and features an upgraded kitchen with new cabinets, counter tops, and stainless steel stove/microwave. Residents will enjoy a modern, updated bathroom with a beautiful tiled shower/tub plus new cabinets and fixtures. This beautiful property is very close to freeways for an easy commute, with many shopping and dining options close by!

KEY FEATURES
Sq Footage: 770
Bedrooms: 1
Bathrooms: 1
Parking: Street Parking
Lease Duration: 10 months
Security Deposit: As low as $1500 on approved credit
Laundry: Onsite facility
Floor: 2nd
Property Type: Multi-Family Community

GREEN FEATURES
LED Lighting (Inside and Out)
Stainless Steel Energy-efficient Appliances

COMMUNITY FEATURES
Near Transportation
On-Site Laundry

RENTAL UNIT FEATURES
Full Sized Appliances
Range/Oven
Microwave
Garbage Disposal
Wall Heater
Cable-Ready
Ceiling Fan
Spacious Closet
Mini Blind
Fridge included

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 02/13/2019

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 02/13/2019

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 3,617 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 4,818 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5503
  • Assessor Parcel Number 7275002024

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $35
  • Insurance Expense $1,927
  • Maintenance Expense $4,200
  • Pest Control $600
  • Professional Management Expense $3,550
  • Water Sewer Expense $4,300
  • New Taxes Expense $20,871
  • Operating Expense $37,747
  • Gross Income $70,980
  • Net Operating Income $31,136

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

3,617 Sq Ft Lot

Listing Details

  • Professional Management Expense: 3550.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 4300.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7275002024
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 298.88

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 3617.00
  • Lot Size Acres: 0.0830

Multi Family

  • Electric Expense: 35.00
  • Gross Income: 70980.00
  • Gross Scheduled Income: 70980.00
  • Insurance Expense: 1927.00
  • Lot Size Area: 3617.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 31136.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 37747.00
  • Rent Control: No
  • Total Expenses: 37747.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20871.00
  • Tax Census Tract: 5766.01
  • Tax Lot: 9
  • Tax Tract Number: 5503

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Apr 29, 2019
Sold by
Farmers & Merchants Tr Co Of Long Beach
Bought by
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Jack Levis
CBRE Inc.
List Price
$1,650,000
Sold Price
$1,440,000
Premium/Discount to List
-$210,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,440,000 Ticor Title Company Of Ca
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,500,000
Closed Bonito Real Estate Llc $1,080,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Off Market $2,695 -- --
09/30/2024 09/30/24 For Rent $2,095 -22.3% --
09/17/2024 09/17/24 Price Changed $2,695 0.0% $4 / Sq Ft
05/13/2019 05/13/19 Sold $1,440,000 -12.7% $299 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $1,650,000 -- $342 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $21,682 $1,638,469 $1,024,044 $614,425
2025 $21,682 $1,606,343 $1,003,965 $602,378
2024 $20,727 $1,574,847 $984,280 $590,567
2023 $20,374 $1,543,969 $964,981 $578,988
2022 $19,125 $1,513,696 $946,060 $567,636
2021 $18,732 $1,484,016 $927,510 $556,506
2019 $6,944 $488,389 $195,151 $293,238
2018 $6,733 $478,824 $191,325 $287,499
2016 $6,181 $459,752 $183,897 $275,855
2015 $5,948 $452,847 $181,135 $271,712
2014 $5,936 $443,977 $177,587 $266,390
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19034251

California Regional Multiple Listing Service (CRMLS)
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