E
Seller's Agent in 2017
Eric Greene
Keller Williams Coastal Prop.
324 E Esther St Long Beach, CA 90813
Central Neighborhood
2
Beds
6
Baths
4,320
Sq Ft
1926
Built
Highlights
- Gated Community
- 3-minute walk to Pacific Coast Highway Station
- Corner Lot
- Long Beach Polytechnic High School Rated A
- Spanish Architecture
- No HOA
About This Home
As of May 2017Probate, no court confirmation required! Professionally maintained, pride of ownership 10-unit building in thriving Downtown Long Beach. The Spanish-style courtyard building consists of 2 one bedroom/bath units and 8 studio apartments with 4 single car garages. There is tons of upside rent potential and not subject to rent control. Property has on-site laundry for additional income. Several units have been recently renovated. Each unit has separate electric meters and a master gas meter. Located in a high-demand rental market and a 7.8% pro-forma CAP rate, makes 324 Esther Street a great opportunity for any investor! DRIVE BY ONLY.
Last Agent to Sell the Property
Eric Greene
Keller Williams Coastal Prop. License #01358668 Listed on: 03/24/2017
Co-Listed By
Jesus Guerra
Century 21 Realty Masters License #01708553
Last Buyer's Agent
Outside Agent
Outside Office License #0
Property Details
Home Type
- Apartment
Year Built
- Built in 1926 | Remodeled
Lot Details
- 6,217 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Wrought Iron Fence
- Chain Link Fence
- Landscaped
- Corner Lot
- Level Lot
Parking
- 4 Car Garage
- Parking Available
Home Design
- Spanish Architecture
- Flat Roof Shape
- Stucco
Interior Spaces
- 4,320 Sq Ft Home
- Awning
- Living Room
- Window Bars
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 2 Bedrooms
- 6 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone
- Tax Lot 17
- Tax Tract Number 5753
- Assessor Parcel Number 7269021017
Community Details
Overview
- No Home Owners Association
- 10 Units
Building Details
- 10 Leased Units
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $513
- Gardener Expense $1,536
- Insurance Expense $1,767
- Pest Control $420
- Professional Management Expense $300
- Trash Expense $1,500
- Water Sewer Expense $3,311
- New Taxes Expense $14,400
- Operating Expense $25,889
- Gross Income $360
- Net Operating Income $57,031
Security
- Gated Community
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2017 05/05/17 | Sold | $1,215,000 | +1.3% | $281 / Sq Ft |
| 04/15/2017 04/15/17 | Pending | -- | -- | -- |
| 03/24/2017 03/24/17 | For Sale | $1,200,000 | -- | $278 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $21,991 | $1,645,385 | $892,413 | $752,972 |
| 2024 | $21,991 | $1,613,123 | $874,915 | $738,208 |
| 2023 | $21,598 | $1,581,494 | $857,760 | $723,734 |
| 2022 | $20,287 | $1,550,486 | $840,942 | $709,544 |
| 2021 | $19,648 | $1,520,085 | $824,453 | $695,632 |
| 2020 | $19,598 | $1,505,620 | $816,000 | $689,620 |
| 2019 | $19,367 | $1,476,120 | $800,000 | $676,120 |
| 2018 | $16,344 | $1,240,420 | $510,000 | $730,420 |
| 2017 | $119 | $469,916 | $187,863 | $282,053 |
| 2016 | $4,070 | $241,200 | $114,553 | $126,647 |
| 2015 | $3,936 | $237,578 | $112,833 | $124,745 |
| 2014 | $3,967 | $232,925 | $110,623 | $122,302 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2017
Jesus Guerra
Century 21 Realty Masters
-
O
Buyer's Agent in 2017
Outside Agent
Outside Office
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17058426
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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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