NOT LISTED FOR SALE

2527 Elm Ave Long Beach, CA 90806

Sunrise Neighborhood
4 Beds
6 Baths
2,988 Sq Ft
6,121 Sq Ft Lot

Last Sold April 21, 2015

Last sale price $650,000 $218 Per Sq Ft

163 Days on Market

Highlights

  • No HOA
  • Long Beach Polytechnic High School Rated A
  • 4 Car Garage

About This Home

As of April 2015

Back on Market!! Location, Cash Flow, and Value Add Opportunity. Well maintained six unit Wrigley apartment building. Four one bedroom/one bathroom and two studio units. Four garages and six designated off-street parking spaces. Coin operated laundry for additional income. Fully occupied with long term, stable tenants. Please do not disturb occupants. GOI, NOI and cap rate based on projected rents. Garage rents are projected as well.

Last Agent to Sell the Property

David Landeros

West Associates License #01735661 Listed on: 12/17/2014

Co-Listed By

Heather Schaible

West Associates License #01848864

Last Buyer's Agent

Marc Desbans

Marc Desbans, Broker License #01259510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,121 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Uncovered Parking
  • Parking Lot

Home Design

  • Property Attached

Interior Spaces

  • 2,988 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 30
  • Tax Tract Number 3
  • Assessor Parcel Number 7208003009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Insurance Expense $1,600
  • Maintenance Expense $2,000
  • Trash Expense $900
  • Water Sewer Expense $1,700
  • New Taxes Expense $9,063
  • Gross Income $6,075
  • Net Operating Income $56,598

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.80
  • Other Phone Description: Heather Schaibl
  • Other Phone Number: 714-390-4756
  • Property Attached: Yes
  • Water Sewer Expenses: 1700.00
  • Property Type: Residential Income
  • Parcel Number: 7208003009
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Garage, Parking Space, Uncovered
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6121.00
  • Lot Size Acres: 0.1410

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 450.00
  • Gross Income: 6075.00
  • Gross Scheduled Income: 72900.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6121.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 56598.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 16302.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9063.00
  • Tax Area: 11933
  • Tax Lot: 30
  • Tax Tract Number: 003
  • Tax Year: 2013

Range of Values:

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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 Change Sq Ft Price
04/21/2015 04/21/15 Sold $650,000 -20.7% $218 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
09/15/2014 09/15/14 For Sale $820,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Landeros

    Seller's Agent in 2015

    David Landeros

    West Associates

    (323) 646-2616

    29 Total Sales

    David Landeros
    Section Image
  • Heather Schaible

    Seller Co-Listing Agent in 2015

    Heather Schaible

    West Associates

    (714) 390-4756

    23 Total Sales

    Heather Schaible
    Section Image

  • M

    Buyer's Agent in 2015

    Marc Desbans

    Marc Desbans, Broker

    (949) 509-1048

    Marc Desbans
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14200039

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

2527 Elm Ave, Long Beach, CA

This home is located at 2527 Elm Ave, Long Beach, CA 90806 since 17 December 2014. This property was built in 1958. 2527 Elm Ave is a home located in Los Angeles County with nearby schools including Bobbie Smith Elementary, Nelson Academy, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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