Seller's Agent in 2014
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
38 Total Sales
3291 E Artesia Blvd Long Beach, CA 90805
Mc Kinley Neighborhood
7
Beds
7
Baths
7,079
Sq Ft
15,551
Sq Ft Lot
Highlights
- 0.36 Acre Lot
- Laundry Room
- Carpet
- No HOA
- South Facing Home
- 3-minute walk to Ramona Park
About This Home
As of July 2014This 1958 property offers a livable area of approximately 7,079 SF and is situated on huge 15,567 Sf flat lot with room for possible development (Zoned LBR4N). The property consist of 11 units and a unit mix consisting of 2 - two bedrooms/one bathroom units and 8 - one bedroom/one bathroom units and 1-studio unit. There are approximately 14 parking spaces three of which are garages. There is a laundry facility on-site. All units separately metered for electricity and gas. Cooper plumbing upgraded recently.
This value-added investment has a huge potential for an investor to increase rents and improve the cash flow. The property has been family owned since it was built and is on the market for the 1st time.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 03/11/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 15,564 Sq Ft Lot
- 1 Common Wall
- South Facing Home
- Density is 26-30 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- Property Attached
- Fixer Upper
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 7,079 Sq Ft Home
- 2-Story Property
- Carpet
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Assessor Parcel Number 7120016044
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 11 Units
Amenities
- Laundry Facilities
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $8,969
- Net Operating Income $64,895
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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 |
|---|---|---|---|---|
| 07/30/2014 07/30/14 | Sold | $1,260,000 | -9.7% | $178 / Sq Ft |
| 05/12/2014 05/12/14 | Pending | -- | -- | -- |
| 03/11/2014 03/11/14 | For Sale | $1,395,000 | -- | $197 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,717 | $1,514,323 | $552,847 | $961,476 |
| 2024 | $20,717 | $1,484,631 | $542,007 | $942,624 |
| 2023 | $20,356 | $1,455,522 | $531,380 | $924,142 |
| 2022 | $19,145 | $1,426,983 | $520,961 | $906,022 |
| 2021 | $18,727 | $1,399,004 | $510,747 | $888,257 |
| 2019 | $18,462 | $1,361,211 | $495,599 | $865,612 |
| 2018 | $17,827 | $1,334,594 | $485,882 | $848,712 |
| 2016 | $16,404 | $1,279,215 | $467,015 | $812,200 |
| 2015 | $15,767 | $1,260,000 | $460,000 | $800,000 |
| 2014 | $3,563 | $167,555 | $40,175 | $127,380 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
Steve Warshauer
Seller Co-Listing Agent in 2014
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14051952
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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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