NOT LISTED FOR SALE
7 Beds
5 Baths
4,273 Sq Ft
7,494 Sq Ft Lot

Last Sold January 18, 2018

Last sale price $925,000 $216 Per Sq Ft

11 Days on Market

About This Home

As of January 2018

* Non-Rent Controlled Asset - Located in the Dense Long Beach Rental Market * Walking Distance to Retail Shops, Restaurants, Grocery Stores, and Public Transit * Close Proximity to Long Beach Convention Center, Aquarium of the Pacific, and Downtown Long Beach * Large Three-Bedroom House & Four One-Bedroom Units * Strong Positive Leverage & Cash Flow * Stable In-Place Rents with Legitimate Rental Upside

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/23/2017

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/23/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,494 Sq Ft Lot

Interior Spaces

  • 4,273 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway

Listing and Financial Details

  • Assessor Parcel Number 7273-011-002

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $3,723

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4273
  • Price Per Unit: 185000.00
  • Stories: 2
  • Year Built: 1911
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 216.48

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Driveway
  • Total Parking: 5

Utilities

  • Electric Expense: 382.00
  • Number Electric Meters: 5
  • Number Gas Meters: 2
  • Water Expense: 1700.00
  • Water Heaters: No

Fee Information

  • Gas Expense: 819.00
  • Insurance Expense: 1923.00
  • Maintenance Expense: 1500.00
  • Other Expense: 1000.00
  • Trash Expense: 996.00

Lot Info

  • Assessed Improvement Value: 384331
  • Assessed Land Value: 228194
  • Assessor Parcel Number: 7273-011-002
  • Geocode Override: No
  • Lot Size Area: 7494

Rental Info

  • Total Actual Rent: 74460.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.42
  • Number Of Units: 5
  • Rent Control: 0
  • Total Annual Expense: 20602
  • Type Of Units: 3 Bdr, 1 Bdr
  • Vacancy Allow: 3723
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 5%

Tax Info

  • Tax Expense: 11563.00
  • Tax Percent: 1.25
  • Tax Total: 11563.00

Range of Values:

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Average Value
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List Price
Sold Price
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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
01/18/2018 01/18/18 Sold $925,000 0.0% $216 / Sq Ft
10/23/2017 10/23/17 For Sale $925,000 -- $216 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-283058

The MLS