NOT LISTED FOR SALE

3010 E 3rd St Long Beach, CA 90814

Bluff Heights Neighborhood
3 Beds
6 Baths
5,890 Sq Ft
7,501 Sq Ft Lot

Last Sold July 31, 2012

Last sale price $1,775,000 $301 Per Sq Ft

14 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Built-In Features
  • Woodrow Wilson High School Rated A
  • 3 Car Direct Access Garage
  • No Heating

About This Home

As of July 2012

Terrific investment opportunity in Bluff Heights. This Meticulous maintained, beautifully landscaped, 14 unit classic Spanish building is nestled in the peaceful neighborhood of Bluff Heights. With the features of walking distance to the beach, shops, and restaurants, the vacancy rate is never an issue at less than 3% per year. Building consists of 11-Studio, and 3-1 bedroom, all upgraded with fresh paint and hardwood flooring. There are 3 garages, a laundry room, plus storage area. All of the apartments have stoves and refrigerators, many of them have a built-in Murphy bed. 5 of the units have private patios.

Last Agent to Sell the Property

Christy Di Leo

Compass License #01797896 Listed on: 05/15/2012

Compass

Last Buyer's Agent

Marna Brennan

Marna Brennan, Broker License #01262182

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Spanish Architecture
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 5,890 Sq Ft Home
  • Built-In Features
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 6 Bathrooms

Parking

  • 3 Car Direct Access Garage
  • Rear-Facing Garage

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 4 / U
  • Tax Tract Number 5767
  • Assessor Parcel Number 7257028002

Community Details

Overview

  • 14 Units

Building Details

  • 14 Separate Electric Meters
  • Electric Expense $780
  • Gardener Expense $960
  • Insurance Expense $5,100
  • Trash Expense $1,200
  • New Taxes Expense $19,800
  • Gross Income $12,965
  • Net Operating Income $128,175

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.12
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7257028002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Flooring: Wood
  • Appliances: No
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 301.36

Exterior Features

  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Direct Garage Access, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x150
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 12965.00
  • Gross Multiplier: 11.51
  • Gross Scheduled Income: 156435.00
  • Insurance Expense: 5100.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 128175.00
  • Number Of Separate Electric Meters: 14
  • Number Of Units Total: 14
  • Number With Disposal: 3
  • Number With Patio: 5
  • Number With Refrigerator: 14
  • Operating Expense: 28260.00
  • Operating Expense Percent: 18.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Area: 5500
  • Tax Block: U
  • Tax Lot: 4
  • Tax Tract Number: 5767

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2012 07/31/12 Sold $1,775,000 -1.4% $301 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $1,800,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christy Di Leo

    Seller's Agent in 2012

    Christy Di Leo

    Compass

    (562) 370-3228

    4 in this area

    77 Total Sales

    Section Image
  • Marna Brennan

    Buyer's Agent in 2012

    Marna Brennan

    Marna Brennan, Broker

    (562) 621-0903

    Section Image

  • M

    Buyer's Agent in 2012

    Mary Holmes

    Mary Holmes Realty

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P822349

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90803 Bluff Heights

3010 E 3rd St, Long Beach, CA

This home is located at 3010 E 3rd St, Long Beach, CA 90814 since 15 May 2012. This property was built in 1923. 3010 E 3rd St is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

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

Nearby Homes