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

Sale Details

Date 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

6,255 Sq Ft Lot

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

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
Oct 3, 2016
Closed on
Oct 13, 2016
Sold by
Bought by
Seller's Agent
Shontay Henderson
Park Place Realty Group
Buyer's Agent
Jon Swire
The Agency
List Price
$1,200,000
Sold Price
$1,250,000
Premium/Discount to List
$50,000
4.17%

Purchase Details

Closed on
Jul 30, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
0.0806%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,250,000 Fidelity National Title Co
-- None Available
-- None Available
$275,000 Lawyers Title Company
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 $1,350,000
Closed $1,100,000
Previous Owner $500,000
Previous Owner $428,000
Previous Owner $250,000
Previous Owner $220,000
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
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

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
2025 $20,133 $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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