Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
156 Total Sales
269 E Market St Long Beach, CA 90805
Dairy Neighborhood
3
Beds
2
Baths
3,628
Sq Ft
1959
Built
Highlights
- No HOA
- Landscaped
- 3-minute walk to Grace Park
- Laundry Room
About This Home
As of August 2018269 East Market Street is a 6-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Specifically, the property is located on East Market Street, between Long Beach Boulevard and Atlantic Avenue. 269 East Market Street is within walking distance to Addams Elementary School and Grace Park. The property is also located less than one mile from Interstate 710 providing residents with convenient access to Los Angeles County. The 3,628 square foot property consists of one- and two-bedroom floor plans. Built in 1959, the property offers amenities including security doors, on-site laundry, and open parking. 269 East Market Street offers investors with an opportunity to increase rental income by approximately 22 percent.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 07/18/2018
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 07/18/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 5,663 Sq Ft Lot
- No Common Walls
- Landscaped
Interior Spaces
- 3,628 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Listing and Financial Details
- Tax Lot 1231
- Tax Tract Number 5134
- Assessor Parcel Number 7126034023
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $1,176
- Fuel Expense $1,176
- Insurance Expense $2,787
- Maintenance Expense $3,600
- Other Expense $3,300
- Professional Management Expense $3,807
- Trash Expense $1,176
- Water Sewer Expense $1,176
- New Taxes Expense $14,968
- Operating Expense $33,169
- Gross Income $78,480
- Net Operating Income $42,971
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2018 08/14/18 | Sold | $1,090,000 | +0.9% | $300 / Sq Ft |
| 07/23/2018 07/23/18 | Pending | -- | -- | -- |
| 07/18/2018 07/18/18 | For Sale | $1,080,000 | -- | $298 / 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 | $21,363 | $1,662,337 | $459,329 | $1,203,008 |
| 2024 | $21,363 | $1,629,743 | $450,323 | $1,179,420 |
| 2023 | $20,999 | $1,597,789 | $441,494 | $1,156,295 |
| 2022 | $19,708 | $1,566,461 | $432,838 | $1,133,623 |
| 2021 | $19,314 | $1,535,747 | $424,351 | $1,111,396 |
| 2020 | $19,264 | $1,520,240 | $420,000 | $1,100,240 |
| 2019 | $14,195 | $1,090,240 | $300,000 | $790,240 |
| 2018 | $9,971 | $750,885 | $258,220 | $492,665 |
| 2016 | $9,176 | $721,498 | $248,194 | $473,304 |
| 2015 | $8,247 | $660,000 | $240,000 | $420,000 |
| 2014 | $7,964 | $625,000 | $230,000 | $395,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18172831
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.
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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