Seller's Agent in 2022
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
88 Total Sales
2823 E 7th St Long Beach, CA 90804
Rose Park Neighborhood
14
Beds
10
Baths
6,360
Sq Ft
7,001
Sq Ft Lot
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- 3-minute walk to Rose Park
About This Home
As of March 2022Excellent Rose Park location, close to Retro Row, Belmont Heights and Alamitos Beach. Extensively renovated 10 unit property including newer roof, windows, electrical panels, controlled access, exterior refresh, landscaping, common areas, and lighting. 7 out of 10 unit interiors with deluxe upgrades including modern kitchens and bathrooms. Stabilized asset at a 4.3% cap rate on actual rents with an upside to 4.8% 4 garages plus 4 off street parking spaces. Community laundry facility for extra income. Great unit mix with 4 two bedroom units and 6 one bedroom units. Excellent ADU potential with 4 garages that could be converted with entry onto the courtyard.
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 10/26/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 7,001 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,360 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 576
- Assessor Parcel Number 7258017023
- $1,647 per year additional tax assessments
Community Details
Overview
- 10 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,418
- Fuel Expense $1,418
- Gardener Expense $1,090
- Insurance Expense $2,177
- Maintenance Expense $10,347
- Pest Control $585
- Professional Management Expense $10,347
- Trash Expense $1,418
- Water Sewer Expense $1,418
- New Taxes Expense $39,375
- Operating Expense $69,995
- Gross Income $7,896
- Net Operating Income $136,945
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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 |
|---|---|---|---|---|
| 03/04/2022 03/04/22 | Sold | $3,150,000 | 0.0% | $495 / Sq Ft |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $3,150,000 | -- | $495 / 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 | $42,515 | $3,342,805 | $2,122,416 | $1,220,389 |
| 2024 | $42,515 | $3,277,260 | $2,080,800 | $1,196,460 |
| 2023 | $41,795 | $3,213,000 | $2,040,000 | $1,173,000 |
| 2022 | $29,192 | $2,307,335 | $1,156,295 | $1,151,040 |
| 2021 | $28,596 | $2,262,094 | $1,133,623 | $1,128,471 |
| 2019 | $28,186 | $2,195,000 | $1,100,000 | $1,095,000 |
| 2018 | $7,040 | $459,465 | $187,505 | $271,960 |
| 2016 | $6,468 | $441,625 | $180,225 | $261,400 |
| 2015 | $6,238 | $434,992 | $177,518 | $257,474 |
| 2014 | $6,249 | $426,472 | $174,041 | $252,431 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Cris Molles
C
Buyer's Agent in 2022
Cris Molles
The Realestate Group
(310) 540-0072
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21236178
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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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