NOT LISTED FOR SALE

319 Hermosa Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood
1 Bed
2 Baths
7,724 Sq Ft
6,280 Sq Ft Lot

Last Sold February 06, 2013

Last sale price $1,350,000 $175 Per Sq Ft

5 Days on Market

Highlights

  • 0.14 Acre Lot
  • Craftsman Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of February 2013

This apartment its located very close to a lot of restaurants and just a few blocks away from the beach, our facility its gated and the way of entry its by Keyfob, we also offer high speed wifi service for $25 dollars per month if you don't want to have a contract with spectrum and want to save some money, we also have 24/7 emergency mainteanace , if you would like to see the unit feel free to contact me we have more units coming up.

Last Agent to Sell the Property

Rick Borrelli

First Team Real Estate License #01233920 Listed on: 10/10/2012

Last Buyer's Agent

Shaun Hurley

Coldwell Banker Realty License #00870450

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 6,280 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Property fronts an alley

Home Design

  • 7,724 Sq Ft Home
  • Craftsman Architecture
  • Rolled or Hot Mop Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 16
  • Assessor Parcel Number 7275014036

Community Details

Overview

  • 2 Buildings
  • 18 Units

Building Details

  • 15 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $12,515
  • Insurance Expense $4,000
  • Maintenance Expense $8,800
  • Other Expense $650
  • Pest Control $500
  • Supplies Expense $2,080
  • Trash Expense $1,178
  • Water Sewer Expense $2,113
  • New Taxes Expense $19,000
  • Gross Income $12,275
  • Net Operating Income $87,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.05
  • Improvements Percent: 53.00
  • Price Per Unit: 80555
  • Road Frontage Type: Alley
  • Supplies Expense: 2080.00
  • View: No
  • Water Sewer Expenses: 2113.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7275014036
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 174.78

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Trash Expense: 1178.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value: 543570
  • Land Value Percent: 47.00
  • Lot Size: 50x125
  • Lot Size Sq Ft: 6280.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 12515.00
  • Gross Income: 12275.00
  • Gross Multiplier: 9.84
  • Gross Scheduled Income: 147300.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 8800.00
  • Net Operating Income: 87779.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 18
  • Operating Expense: 55102.00
  • Operating Expense Percent: 38.00
  • Other Expense: 650.00
  • Other Expense Description: eviction
  • Total Actual Rent: 12175.00
  • Vacancy Allowance: 4419
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19000.00
  • Tax Area: 5500
  • Tax Lot: 16
  • Tax Rate: 1.30
  • Tax Year: 2010

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
08/28/2023 08/28/23 For Rent $2,000 0.0% --
02/06/2013 02/06/13 Sold $1,350,000 -6.9% $175 / Sq Ft
10/15/2012 10/15/12 Pending -- -- --
10/10/2012 10/10/12 For Sale $1,450,000 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rick Borrelli

    First Team Real Estate

  • Shaun Hurley

    Buyer's Agent in 2013

    Shaun Hurley

    Coldwell Banker Realty

    (949) 463-4663

    46 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837995

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 North Alamitos Beach

319 Hermosa Ave, Long Beach, CA

This home is located at 319 Hermosa Ave, Long Beach, CA 90802 since 10 October 2012. This property was built in 1933. 319 Hermosa Ave is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High 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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