Seller's Agent in 2021
Gary Tolfa
Triqor Group
(949) 756-3232
1 in this area
14 Total Sales
3325 2nd St Long Beach, CA 90803
Bluff Park Neighborhood
3
Beds
4
Baths
8,392
Sq Ft
5,892
Sq Ft Lot
Highlights
- Laundry Room
- Dog Park
- Rectangular Lot
- Woodrow Wilson High School Rated A
About This Home
As of December 2021Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach’s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 5,892 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Home Design
- 8,392 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 1853
- Assessor Parcel Number 7264003017
- $1,740 per year additional tax assessments
Community Details
Overview
- 10 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Dog Park
- Water Sports
Building Details
- Operating Expense $79,030
- Gross Income $224,334
- Net Operating Income $145,304
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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 |
|---|---|---|---|---|
| 12/15/2021 12/15/21 | Sold | $3,800,000 | -4.9% | $453 / Sq Ft |
| 08/31/2021 08/31/21 | For Sale | $3,995,000 | -- | $476 / 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 | $51,035 | $4,032,589 | $2,621,183 | $1,411,406 |
| 2024 | $51,035 | $3,953,520 | $2,569,788 | $1,383,732 |
| 2023 | $50,178 | $3,876,000 | $2,519,400 | $1,356,600 |
| 2022 | $47,072 | $3,800,000 | $2,470,000 | $1,330,000 |
| 2021 | $42,336 | $3,406,024 | $2,061,134 | $1,344,890 |
| 2019 | $41,730 | $3,306,620 | $2,000,000 | $1,306,620 |
| 2018 | $5,062 | $286,769 | $78,137 | $208,632 |
| 2016 | $4,626 | $274,077 | $75,103 | $198,974 |
| 2015 | $4,475 | $269,961 | $73,975 | $195,986 |
| 2014 | $4,503 | $264,673 | $72,526 | $192,147 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
-
Cody Charnell
Buyer's Agent in 2021
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
1 in this area
47 Total Sales
-
J
Buyer Co-Listing Agent in 2021
Jessica Ishak
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21192661
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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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