Dave Shorter
David Shorter, Broker
(562) 418-5957
38 Total Sales
1 in Bluff Heights
$1,270,000 Price
2828 E 6th St Long Beach, CA 90814
Bluff Heights Neighborhood
13
Beds
9
Baths
6,008
Sq Ft
6,751
Sq Ft Lot
Highlights
- Private Yard
- Landscaped
- Partially Fenced Property
- Wilson High School Rated A
- 5 Car Garage
- Wall Furnace
About This Home
As of July 20194.65% GOING-IN CAP RATE ON THIS TURN-KEY 9-UNIT APARTMENT COMPLEX IN ROSE PARK: NO DETAIL WAS SPARED ON THIS TOP-TO-BOTTOM REMODEL COMPLETED IN 2018.
2828 E 6th Street is now setting the new standard for market rents in the Rose Park neighborhood of Long Beach. With a fantastic unit mix of (5) 2 bed / 1 bath, (3) 1 bed / 1 bath, and (1) Studio units, this property is great for any investor looking for a stabilized, cash-flowing asset to add to their portfolio. Current ownership completed major interior and exterior improvements creating a sleek and modern product nestled into one of the City's most popular historic neighborhoods. Improvements include: new engineered hardwood floors, high-end quartz counter-tops, in-unit washers and dryers in 8 units, automatic garage doors on the 5 garages and new landscaping. The property is 100% leased as of February 2019 providing annual gross scheduled income of +/-$221k (including parking and storage income). The property is separately metered for electricity and gas, and master metered for water. Located in Rose Park south, just a short distance from Junipero Beach, Carroll Park, and trendy Retro Row shopping and dining, 2828 E 6th offers its tenants a great location for all that Long Beach has to offer.
Buyer and buyer’s agent to verify all property, income and expense information.
Last Agent to Sell the Property
Matthew Firth, Broker License #01903073 Listed on: 03/21/2019
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960 | Remodeled
Lot Details
- 6,751 Sq Ft Lot
- Two or More Common Walls
- Partially Fenced Property
- Wood Fence
- Landscaped
- Private Yard
- Front Yard
Parking
- 5 Car Garage
- Parking Available
Home Design
- Property Attached
- Flat Roof Shape
Interior Spaces
- 6,008 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 13 Bedrooms
- 9 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 6 / C
- Tax Tract Number 5768
- Assessor Parcel Number 7257007009
Community Details
Building Details
- 9 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $2,566
- Maintenance Expense $3,150
- Other Expense $1,800
- Professional Management Expense $8,413
- Water Sewer Expense $4,448
- New Taxes Expense $40,625
- Operating Expense $61,722
- Gross Income $6,600
- Net Operating Income $148,608
Additional Features
- 9 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Heights, CA
-
Dave Shorter
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
106 Total Sales
1 in Bluff Heights
$704,000 Price
-
Brad Hansen
Brad Hansen
(949) 570-5651
63 Total Sales
1 in Bluff Heights
$885,000 Price
-
Erin Barry
Erin Barry
Seven Gables Real Estate
(424) 688-7302
25 Total Sales
2 in Bluff Heights
$431K - $1.5M Price Range
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
79 Total Sales
1 in Bluff Heights
$1,450,000 Price
-
Michael Mackenbach
Michael Mackenbach
Estate Properties
(424) 373-6410
54 Total Sales
1 in Bluff Heights
$1,045,600 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Harris Jeffery | $3,150,000 | First American Title Co | |
| Urbaneer Rose Park Investors Llc | $1,850,000 | Ticor Title | |
| Bradley M Bruce | -- | Commonwealth Title | |
| Bradley M Bruce | -- | Commonwealth Title | |
| Mistretta Anthony | $440,000 | Commonwealth Title | |
| Bradley M Bruce | -- | -- | |
| Bradley Bruce | -- | North American Title Company | |
| Adams P Michael | -- | North American Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,750,000 | ||
| Previous Owner | Mistretta Anthony | $330,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2019 07/10/19 | Sold | $3,150,000 | -3.1% | $524 / Sq Ft |
| 05/28/2019 05/28/19 | Pending | -- | -- | -- |
| 03/21/2019 03/21/19 | For Sale | $3,250,000 | -- | $541 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $45,590 | $3,513,880 | $836,637 | $2,677,243 |
| 2025 | $45,590 | $3,444,982 | $820,233 | $2,624,749 |
| 2024 | $43,623 | $3,377,434 | $804,150 | $2,573,284 |
| 2023 | $42,888 | $3,311,211 | $788,383 | $2,522,828 |
| 2022 | $40,234 | $3,246,286 | $772,925 | $2,473,361 |
| 2021 | $39,445 | $3,182,634 | $757,770 | $2,424,864 |
| 2019 | $24,347 | $1,887,720 | $1,428,000 | $459,720 |
| 2018 | $8,409 | $583,409 | $185,399 | $398,010 |
| 2016 | $7,727 | $560,063 | $178,200 | $381,863 |
| 2015 | $7,441 | $551,652 | $175,524 | $376,128 |
| 2014 | $7,436 | $540,847 | $172,086 | $368,761 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Firth
Seller's Agent in 2019
Matthew Firth
Matthew Firth, Broker
(562) 760-9447
6 Total Sales
-
Jeff Anderson
Seller Co-Listing Agent in 2019
Jeff Anderson
eXp Realty of California Inc
(562) 261-0310
6 in this area
290 Total Sales
-
GN
Buyer's Agent in 2019
General NONMEMBER
NONMEMBER MRML
-
CA
Buyer's Agent in 2019
Chris Arthur
ITECH MLS
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19030293
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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