NOT LISTED FOR SALE
12 Beds
10 Baths
7,878 Sq Ft
8,015 Sq Ft Lot

Last Sold September 07, 2018

Last sale price $1,830,000 $232 Per Sq Ft

21 Days on Market

Highlights

  • No HOA
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of September 2018

1920'S construction front duplex and 8 cottage style units in PRIME Eastside location of Long Beach! First time on the market in 15 years! Large units about 785 Sq. Ft. each! Unit mix consists of 2- 2bed/1bath units and 6 1bed/1bath. 4 garages plus street parking. All month to month agreements. Upside in all rents. There is NO RENT CONTROL in Long Beach! Seller pays water and trash only. Tenants pay all other utilities. Onsite laundry room can bring additional income.

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 06/25/2018

Last Buyer's Agent

Kristina Moore

The Moore Group License #01926377 Listed on: 06/25/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 8,015 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 7,878 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262003025

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $133,920
  • Net Operating Income $87,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.80
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7262003025
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 232.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8015.00

Multi Family

  • Gross Income: 133920.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 133920.00
  • Net Operating Income: 87048.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 46872.00
  • Rent Control: No
  • Total Actual Rent: 11160.00

Tax Info

  • Tax Census Tract: 5769.01
  • Tax Lot: 43
  • Tax Tract Number: 5769

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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List Price
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
09/07/2018 09/07/18 Sold $1,830,000 -0.5% $232 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $1,840,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18151837

California Regional Multiple Listing Service (CRMLS)

APN: 7262-003-024