NOT LISTED FOR SALE
9 Beds
8 Baths
5,955 Sq Ft
6,255 Sq Ft Lot

Last Sold October 25, 2016

Last sale price $1,250,000 $210 Per Sq Ft

3 Days on Market

Highlights

  • No HOA
  • Garden
  • Patio Home
  • Long Beach Polytechnic High School Rated A
  • 6 Car Garage

About This Home

As of October 2016

This is an 8 unit apartment building, long term tenants, good rents, no rent control. GREAT INVESTMENT!

Last Agent to Sell the Property

Shontay Henderson

Park Place Realty Group License #01512975 Listed on: 10/03/2016

Co-Listed By

Yolanda Wentz

Park Place Realty Group License #00662228

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,255 Sq Ft Lot
  • Two or More Common Walls
  • Garden
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 5,955 Sq Ft Home
  • Patio Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Leased Washer and Dryer

Utilities

  • Private Water Source
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2268
  • Assessor Parcel Number 7208009009

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $690
  • Insurance Expense $1,748
  • Professional Management Expense $2,902
  • Water Sewer Expense $5,353
  • New Taxes Expense $5,267
  • Gross Income $4,290
  • Net Operating Income $24,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 2902.20
  • Property Attached: Yes
  • Water Sewer Expenses: 5353.20
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7208009009
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 209.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Unknown
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Garden, Patio Home
  • Lot Size Sq Ft: 6255.00

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 689.89
  • Gross Income: 4290.00
  • Gross Scheduled Income: 79909.00
  • Insurance Expense: 1748.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 24880.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 55029.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5267.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 20
  • Tax Tract Number: 2268
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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
10/25/2016 10/25/16 Sold $1,250,000 +4.2% $210 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $1,200,000 -- $202 / 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 $19,233 $1,450,729 $580,292 $870,437
2024 $19,233 $1,422,284 $568,914 $853,370
2023 $18,901 $1,394,397 $557,759 $836,638
2022 $17,756 $1,367,057 $546,823 $820,234
2021 $17,376 $1,340,252 $536,101 $804,151
2019 $17,127 $1,300,980 $520,200 $780,780
2018 $16,649 $1,275,480 $510,000 $765,480
2016 $5,267 $357,032 $97,367 $259,665
2015 $5,081 $351,670 $95,905 $255,765
2014 $5,090 $344,782 $94,027 $250,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16717125

California Regional Multiple Listing Service (CRMLS)
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