NOT LISTED FOR SALE
2 Beds
5 Baths
2,452 Sq Ft
6,501 Sq Ft Lot

Last Sold October 13, 2021

Last sale price $1,060,000 $432 Per Sq Ft

14 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 3-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A
  • 3 Car Garage

About This Home

As of October 2021

Amazing opportunity to own a great value add income producing property in Long Beach, borderline Signal Hill!! This fully occupied asset presents 5 spacious units (room for 1 more unit) , 2 units are 1 bed, 1 bath and 3 are Studios. Units are spacious with decent sized bathrooms, also features three 1 car garages, storage unit, laundry room, and shared front yard, with plenty of street parking! Property and units have been very well maintained, as seen in photos!! Property boasts a newer roof, newer commercial grade water heater, new gates, and individual electrical meters for each. Easy potential for a 6th unit/ADU (already space for it) with a private courtyard! Location of the property is prime as it is minutes from the beach! Schools from elementary through university like CSULB are directly in the area, making this an ideal location for housing! Parks, public transportation and entertainment such as golf courses and shopping centers are a short walk/drive.

Last Agent to Sell the Property

Kevin Messiha

Keller Williams SELA License #01883819 Listed on: 08/12/2021

Keller Williams SELA

Last Buyer's Agent

Nina Le

Buckingham Investments, Inc License #02126566

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Garden
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Off-Street Parking
  • Assigned Parking

Home Design

  • 2,452 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 3412
  • Assessor Parcel Number 7259029030
  • $834 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $444
  • Insurance Expense $1,334
  • Water Sewer Expense $840
  • New Taxes Expense $3,035
  • Operating Expense $5,653
  • Gross Income $59,520
  • Net Operating Income $54,659

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 840.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7259029030
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 432.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Side, Garage - Single Door, Off Street
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer, Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Fuel Expense: 444.00
  • Gross Income: 59520.00
  • Gross Scheduled Income: 60312.00
  • Insurance Expense: 1334.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 54659.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 5653.00
  • Rent Control: No
  • Total Expenses: 5653.00

Tax Info

  • New Taxes Expense: 3035.00
  • Tax Census Tract: 5751.01
  • Tax Lot: 24
  • Tax Tract Number: 3412
  • TaxOtherAnnualAssessmentAmount: 834.00
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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
10/13/2021 10/13/21 Sold $1,060,000 -3.6% $432 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,100,000 -- $449 / 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 $14,863 $1,124,880 $530,604 $594,276
2024 $14,863 $1,102,824 $520,200 $582,624
2023 $14,601 $1,081,200 $510,000 $571,200
2022 $13,491 $1,060,000 $500,000 $560,000
2021 $3,043 $184,585 $65,621 $118,964
2020 $3,035 $183,374 $64,949 $118,425
2019 $3,000 $179,793 $63,676 $116,117
2018 $2,844 $176,282 $62,428 $113,854
2016 $2,626 $168,784 $60,004 $108,780
2015 $2,536 $166,250 $59,103 $107,147
2014 $2,548 $803,632 $502,270 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21176492

California Regional Multiple Listing Service (CRMLS)