NOT LISTED FOR SALE
1 Bed
2 Baths
7,724 Sq Ft
6,280 Sq Ft Lot

Sale Details

Date Sold: February 6, 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
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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

6,280 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 6.05
  • Improvements Percent: 53.00
  • 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 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 Rate: 3.00

Tax Info

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
3.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 1996
Sold by
Bought by
Source: Public Records

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
$1,350,000 First American Title Company
-- --
-- Provident Title
-- Provident Title
-- Provident Title
$380,000 Stewart Title
$240,000 Stewart Title
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 $615,000
Previous Owner $1,012,500
Previous Owner $775,000
Previous Owner $19,000
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
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

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
2025 $24,402 $1,677,772 $1,201,846 $475,926
2024 $23,316 $1,644,876 $1,178,281 $466,595
2023 $22,885 $1,612,625 $1,155,178 $457,447
2022 $21,514 $1,581,006 $1,132,528 $448,478
2021 $21,020 $1,550,007 $1,110,322 $439,685
2019 $20,715 $1,504,036 $1,077,391 $426,645
2018 $20,208 $1,474,546 $1,056,266 $418,280
2017 $19,998 $1,445,634 $1,035,555 $410,079
2016 $18,622 $1,417,289 $1,015,250 $402,039
2015 $17,907 $1,396,000 $1,000,000 $396,000
2014 $17,720 $1,356,129 $954,313 $401,816
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837995

California Regional Multiple Listing Service (CRMLS)
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