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

Sale Details

Date 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

7,494 Sq Ft Lot

Listing Details

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

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • 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
  • Type Of Units: 3 Bdr, 1 Bdr
  • Vacancy Allow: 3723
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 11563.00
  • Tax Percent: 1.25
  • Tax Total: 11563.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $14,545 $1,052,489 $739,587 $312,902
2024 $13,919 $1,031,853 $725,086 $306,767
2023 $13,682 $1,011,621 $710,869 $300,752
2022 $12,856 $991,786 $696,931 $294,855
2021 $12,585 $972,340 $683,266 $289,074
2020 $12,551 $962,370 $676,260 $286,110
2019 $12,406 $943,500 $663,000 $280,500
2018 $8,395 $624,774 $232,757 $392,017
2016 $7,714 $600,516 $223,720 $376,796
2015 $7,415 $591,497 $220,360 $371,137
2014 $7,385 $579,911 $216,044 $363,867
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-283058

The MLS
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