NOT LISTED FOR SALE

3031 E 7th St Long Beach, CA 90804

Rose Park Neighborhood
1 Bed
1 Bath
5,182 Sq Ft
5,851 Sq Ft Lot

Last Sold January 05, 2021

Last sale price $1,977,500 $382 Per Sq Ft

31 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 3-minute walk to Rose Park
  • Woodrow Wilson High School Rated A

About This Home

As of January 2021

This home is located at 3031 E 7th St, Long Beach, CA 90804 since 21 September 2020. This property was built in 1923. 3031 E 7th St is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 09/21/2020

Last Buyer's Agent

RENEE BUBETZ

AARE License #00991370

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,851 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 5,182 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / C
  • Assessor Parcel Number 7258019006

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Gardener Expense $840
  • Insurance Expense $3,674
  • Maintenance Expense $11,064
  • Other Expense $1,335
  • Professional Management Expense $1,300
  • Supplies Expense $750
  • Trash Expense $3,833
  • New Taxes Expense $24,501
  • Operating Expense $48,616
  • Gross Income $138,300
  • Net Operating Income $85,535

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 4.20
  • Other Phone Ext: 109
  • Other Phone Number: 949 251 8800
  • Price Per Unit: 253125
  • Professional Management Expense: 1300.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 750.00
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7258019006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 381.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3833.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5851.00
  • Lot Size Acres: 0.1343

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Gross Income: 138300.00
  • Gross Multiplier: 14.64
  • Gross Scheduled Income: 138300.00
  • Gross Spendable Income: 39467.00
  • Insurance Expense: 3674.00
  • Laundry Income: 900.00
  • Lot Size Area: 5851.0000 Square Feet
  • Maintenance Expense: 11064.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 85535.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 48616.00
  • Operating Expense Percent: 35.20
  • Other Expense: 1335.00
  • Other Expense Description: Assess.
  • Rent Control: No
  • Total Expenses: 48616.00
  • Vacancy Allowance: 4149
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24501.00
  • Tax Block: C
  • Tax Census Tract: 5769.04
  • Tax Lot: 5

Range of Values:

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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 Change Sq Ft Price
01/05/2021 01/05/21 Sold $1,977,500 -2.3% $382 / Sq Ft
09/21/2020 09/21/20 For Sale $2,025,000 -- $391 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peter Gillin

    Morgan Skenderian

  • R

    Buyer's Agent in 2021

    RENEE BUBETZ

    AARE

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20197234

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Rose Park

3031 E 7th St, Long Beach, CA

This home is located at 3031 E 7th St, Long Beach, CA 90804 since 21 September 2020. This property was built in 1923. 3031 E 7th St is a home located in Los Angeles County with nearby schools including Willard 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

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