C
Seller's Agent in 2016
Chuck Brewer
Home Smart Realty Group
2465 Pasadena Ave Long Beach, CA 90806
Sunrise Neighborhood
2
Beds
10
Baths
3,680
Sq Ft
6,092
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 1-Story Property
- Long Beach Polytechnic High School Rated A
About This Home
As of November 2016Recently reduced. Don't miss this opportunity! NO RENT CONTROL INVESTOR'S DELIGHT/RENTS BELOW MARKET VALUE UPSIDE OPPORTUNITY
This 10 unit complex with Courtyard style building provides a strong income base for the owner. While this property is cosmetically attractive and convenient to tenants for schools, shopping, and public transportation, it also has an upside for future rent increases. Estimated market value potential increase to $106,200 GSI.
The property is well gated at both ends and the courtyard provides each unit sunlight.
The seller leased Washer/Dryer in Laundry Room provides a steady income. Each unit is separately electric metered and master metered gas.
Last Agent to Sell the Property
Chuck Brewer
Home Smart Realty Group License #01939550 Listed on: 08/11/2016
Co-Listed By
Pete Tryce
Keller Williams South Bay License #01329992
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,092 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,680 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 10 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 2268
- Assessor Parcel Number 7208009010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- 11 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $871
- Fuel Expense $1,000
- Insurance Expense $1,767
- Maintenance Expense $7,000
- Professional Management Expense $1,200
- Trash Expense $1,000
- Water Sewer Expense $3,000
- New Taxes Expense $15,000
- Operating Expense $31,236
- Gross Income $8,300
- Net Operating Income $68,364
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2016 11/21/16 | Sold | $1,170,000 | -2.4% | $318 / Sq Ft |
| 09/12/2016 09/12/16 | Price Changed | $1,199,000 | -3.7% | $326 / Sq Ft |
| 08/11/2016 08/11/16 | For Sale | $1,245,000 | 0.0% | $338 / Sq Ft |
| 07/29/2016 07/29/16 | Pending | -- | -- | -- |
| 07/22/2016 07/22/16 | For Sale | $1,245,000 | -0.4% | $338 / Sq Ft |
| 07/06/2016 07/06/16 | Pending | -- | -- | -- |
| 04/22/2016 04/22/16 | For Sale | $1,250,000 | -- | $340 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
P
Seller Co-Listing Agent in 2016
Pete Tryce
Keller Williams South Bay
-
Anthony Walker
Buyer's Agent in 2016
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
90 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16084359
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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