Jane Yim
Real Broker
(562) 379-6695
32 Total Sales
2 in Bluff Park
$635,000 Price Range
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 Facilities
- 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%.
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
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
Utilities
- 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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 8, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,380,000
Interest Rate
4.5%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Park, CA
-
Jane Yim
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
39 Total Sales
2 in Bluff Park
$740,000 Price Range
-
Erin Barry
Erin Barry
Seven Gables Real Estate
(424) 688-7302
27 Total Sales
1 in Bluff Park
$895,000 Price
-
Barbara Bayles Adams
Barbara Bayles Adams
First Team Real Estate
(657) 300-5361
21 Total Sales
1 in Bluff Park
$400,500 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
48 Total Sales
1 in Bluff Park
$690,000 Price
-
Connie Wildasinn
Connie Wildasinn
WGroup Realtors
(424) 368-9353
22 Total Sales
1 in Bluff Park
$1,575,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,800,000 | First American Title Company O | ||
| $3,305,000 | First American Title Company |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,533,000 | ||
| Previous Owner | $2,550,000 | ||
| Previous Owner | $1,380,000 |
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 |
|---|---|---|---|---|
| 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
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 | $53,337 | $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
Seller's Agent in 2021
Gary Tolfa
Triqor Group
(949) 756-3232
1 in this area
11 Total Sales
-
Cody Charnell
Buyer's Agent in 2021
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
1 in this area
53 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 219 Redondo Ave
- 3409 2nd St
- 3401 E 1st St Unit 5
- 3130 E 2nd St Unit 10
- 236 Redondo Ave
- 3517 E 2nd St
- 3366 E 1st St
- 3522 E Broadway
- 3609 E 2nd St Unit 207
- 3609 E 2nd St Unit 205
- 246 Newport Ave
- 100 Loma Ave Unit 204
- 100 Loma Ave Unit 404
- 249 Loma Ave
- 3 Euclid Ave
- 210 Grand Ave Unit 102
- 2999 E Ocean Blvd Unit 210
- 2999 E Ocean Blvd Unit 120
- 239 Mira Mar Ave
- 3822 E 1st St Unit 1
- 3325 2nd St Unit 5
- 3325 E 2nd St
- 3333 E 2nd St
- 3315 E 2nd St
- 3305 E 2nd St
- 217 Redondo Ave
- 3341 E 2nd St
- 219 Redondo Ave Unit A
- 219 Redondo Ave Unit C
- 219 Redondo Ave
- 3301 E 2nd St
- 3316 E Broadway
- 3350 E Broadway
- 3324 E 2nd St
- 3340 E 2nd St
- 3340 E 2nd St Unit 7
- 3340 E 2nd St Unit 4
- 3300 E Broadway
- 3300 E 2nd St
- 3312 E 2nd St Unit 3
Your Personal Tour Guide
Ask me questions while you tour the home.