NOT LISTED FOR SALE
6 Beds
6 Baths
2,520 Sq Ft
5,769 Sq Ft Lot

Last Sold April 26, 2021

Last sale price $900,000 $357 Per Sq Ft

5 Days on Market

Highlights

  • No Units Above
  • 3-minute walk to Pacific Coast Highway Station
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Corner Lot
  • Wrought Iron Fence

About This Home

As of April 2021

This 1920’s construction property consists of two buildings (3 units each) facing a common courtyard. Alleyways on the west and south sides of the property access gated parking for up to 5 cars. Long term tenants are paying significantly under market rents. Newer condo complex next door and newer apartments across the street. Please drive by only. Do not go on the property. Tenants are unaware of the sale.

Last Agent to Sell the Property

Geoff McIntosh

Coldwell Banker Realty License #00966266 Listed on: 02/24/2021

Coldwell Banker Realty

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 5,769 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wrought Iron Fence
  • Corner Lot

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,520 Sq Ft Home
  • 1-Story Property
  • Window Bars

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 8 / 2
  • Tax Tract Number 5500
  • Assessor Parcel Number 7209008027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Poly High Subdivision

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,862
  • Maintenance Expense $3,614
  • Pest Control $960
  • Water Sewer Expense $5,670
  • New Taxes Expense $11,875
  • Operating Expense $21,969
  • Net Operating Income $31,491

Property Details

Home Type

Multi-Family

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Window Bars
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Water Sewer Expenses: 5670.00
  • Zoning: LBPD29
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7209008027
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 357.14

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Pest Control Expense: 960.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5769.00
  • Lot Size Acres: 0.1324

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 420 Square Feet
  • Gross Scheduled Income: 53460.00
  • Insurance Expense: 1862.00
  • Lot Size Area: 5769.0000 Square Feet
  • Maintenance Expense: 3614.00
  • Net Operating Income: 31491.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 21969.00
  • Rent Control: Yes
  • Total Actual Rent: 2632.00
  • Total Expenses: 21969.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Block: 2
  • Tax Census Tract: 5732.02
  • Tax Lot: 8
  • Tax Tract Number: 5500

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2021 04/26/21 Sold $900,000 -5.3% $357 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $949,900 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21038909

California Regional Multiple Listing Service (CRMLS)