NOT LISTED FOR SALE
3 Beds
2 Baths
6,706 Sq Ft
6,501 Sq Ft Lot

Sale Details

Date Sold: October 23, 2019

Last sale price $3,150,000 $470 Per Sq Ft

57 Days on Market

About This Home

As of October 2019

3117 E. 6th Street is a 9-unit investment opportunity in popular Eastside Long Beach, just two blocks from Fourth Street/ Retro Row. The property offers a desirable mix of (2) one-bedroom/one-bath units and (7) two- bedroom/one-bath units. All units have been completely renovated with new wood- style flooring, quartz countertops, Shaker- style cabinetry, stainless steel appliances and designer fixtures and hardware throughout. The building also features community BBQ and dining facilities. The Eastside location gives tenants walkability to Fourth Street/Retro Row shops, eateries, and boutiques. This property provides an excellent opportunity for a buyer to own a completely turnkey asset in a highly sought-after submarket. The area surrounding Rose Circle Park, known for its enclave of desirable 1910-1922 Craftsman Bungalows, has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, homegoods, art antiques and skateboards as well as locally-owned restaurants, coffee shops and wine bars.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 07/29/2019

Keller Williams Realty Downey

Last Buyer's Agent

Chase Wybenga

Circle Real Estate License #02012062

Circle Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 6,706 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 21 / F
  • Tax Tract Number 5768
  • Assessor Parcel Number 7258029024

Community Details

Overview

  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,322
  • Fuel Expense $1,322
  • Gardener Expense $1,180
  • Insurance Expense $5,785
  • Maintenance Expense $3,375
  • Other Expense $1,575
  • Pest Control $1,863
  • Professional Management Expense $9,545
  • Trash Expense $1,322
  • Water Sewer Expense $1,322
  • New Taxes Expense $42,020
  • Operating Expense $71,132
  • Gross Income $212,121
  • Net Operating Income $140,989

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,501 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 9545.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1322.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1180.00
  • Parcel Number: 7258029024
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 469.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1863.00
  • Sewer: Public Sewer
  • Trash Expense: 1322.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Electric Expense: 1322.00
  • Fuel Expense: 1322.00
  • Gross Income: 212121.00
  • Gross Scheduled Income: 213180.00
  • Insurance Expense: 5785.00
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 3375.00
  • Net Operating Income: 140989.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 71132.00
  • Other Expense: 1575.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 71132.00

Tax Info

  • New Taxes Expense: 42020.00
  • Tax Block: F
  • Tax Census Tract: 5768.02
  • Tax Lot: 21
  • Tax Tract Number: 5768

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
Wybenga Iris $3,150,000 Ticor Title Company
Jth 6Th Street Llc $1,985,000 Fidelity National Title
Laurain Ronald P -- Natc
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 $1,025,000
Previous Owner Laurain Ronald P $690,000
Previous Owner Laurain Ronald P $190,000
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
10/23/2019 10/23/19 Sold $3,150,000 -1.6% $470 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $3,200,000 -- $477 / 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 $45,627 $3,513,880 $1,840,603 $1,673,277
2025 $45,627 $3,444,981 $1,804,513 $1,640,468
2024 $43,658 $3,377,433 $1,769,131 $1,608,302
2023 $42,923 $3,311,210 $1,734,443 $1,576,767
2022 $40,268 $3,246,285 $1,700,435 $1,545,850
2021 $39,474 $3,182,634 $1,667,094 $1,515,540
2020 $39,372 $3,150,520 $1,650,000 $1,500,520
2019 $26,531 $2,065,714 $1,040,400 $1,025,314
2018 $27,837 $2,025,220 $1,020,000 $1,005,220
2016 $8,549 $628,952 $101,499 $527,453
2015 $8,229 $619,506 $99,975 $519,531
2014 $8,217 $607,372 $98,017 $509,355
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19179969

California Regional Multiple Listing Service (CRMLS)
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