NOT LISTED FOR SALE
4 Beds
6 Baths
2,988 Sq Ft
6,121 Sq Ft Lot Lot

Sale Details

Date 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

6,121 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 7.80
  • 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
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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
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

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 $10,652 $781,194 $300,457 $480,737
2024 $10,652 $765,877 $294,566 $471,311
2023 $10,464 $750,861 $288,791 $462,070
2022 $9,838 $736,139 $283,129 $453,010
2021 $9,626 $721,706 $277,578 $444,128
2020 $9,601 $960,660 $500,000 $460,660
2019 $9,489 $700,962 $269,346 $431,616
2018 $9,167 $687,231 $264,065 $423,166
2016 $8,442 $659,912 $253,812 $406,100
2015 $6,088 $469,975 $301,269 $168,706
2014 $6,075 $460,770 $295,368 $165,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14200039

California Regional Multiple Listing Service (CRMLS)
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