NOT LISTED FOR SALE

2820 E 65th St Long Beach, CA 90805

Ramona Park Neighborhood
1 Bed
1 Bath
3,100 Sq Ft
5,393 Sq Ft Lot

Last Sold October 02, 2020

Last sale price $1,400,000 $452 Per Sq Ft

114 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Turnkey
  • Neighborhood Views
  • Laundry Room
  • Rectangular Lot

About This Home

As of October 2020

Sensational, fully rehabbed, turnkey, 6 unit, “value add”, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move!
The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to “like new” condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of modern quartz counters, tile flooring and wainscot. Flooring consists of a higher end laminate located throughout the entry, kitchen, dining area, living room, hallway and bedroom of each and every unit.
For heating and cooling all new mini-split systems have been added. The building has onsite laundry, and six parking spaces located behind a secured remote controlled gate... this investment has it all!

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 04/03/2020

Last Buyer's Agent

Byron Field

Keller Williams Larchmont License #01934775

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,393 Sq Ft Lot
  • Lot Dimensions are 46 x 116
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Two cooling system units
  • Combination Of Heating Systems
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / C
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120006006

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $32,073
  • Gross Income $102,000
  • Net Operating Income $68,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 4.57
  • Property Attached: No
  • Subdivision Name Other: Cherry Manor (CM)
  • View: Yes
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7120006006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 451.61

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Heating Type: Combination
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size: 46 x 116
  • Lot Size Sq Ft: 5393.00
  • Lot Size Acres: 0.1238

Multi Family

  • Average1 Bed Area: 517 Square Feet
  • Gross Income: 102000.00
  • Gross Multiplier: 14.60
  • Gross Operating Income: 100548.00
  • Gross Scheduled Income: 102600.00
  • Lot Size Area: 5393.0000 Square Feet
  • Net Operating Income: 68475.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 32073.00
  • Rent Control: Yes
  • Total Expenses: 32073.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5702.04
  • Tax Lot: 6
  • Tax Tract Number: 6807

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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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 Prior Sale
10/02/2020 10/02/20 Sold $1,400,000 -6.7% $452 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $1,500,000 +20.0% $484 / Sq Ft
06/19/2017 06/19/17 Sold $1,250,000 -2.0% $403 / Sq Ft View Prior Sale
05/19/2017 05/19/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $1,275,000 +85.9% $411 / Sq Ft
12/02/2016 12/02/16 Sold $686,000 +1.6% $221 / Sq Ft View Prior Sale
09/21/2016 09/21/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $675,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Jacques

    Seller's Agent in 2020

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    52 Total Sales

    Cameron Jacques
    Section Image

  • B

    Buyer's Agent in 2020

    Byron Field

    Keller Williams Larchmont

    Section Image
  • Kelly Chapman

    Buyer's Agent in 2017

    Kelly Chapman

    Kinnery's Brokerage House

    (760) 900-4347

    1 Total Sale

    Kelly Chapman
    Section Image
  • Blair Newman

    Seller's Agent in 2016

    Blair Newman

    Coldwell Banker Envision

    (562) 822-6532

    1 in this area

    79 Total Sales

    Blair Newman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20067929

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Ramona Park

2820 E 65th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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