NOT LISTED FOR SALE
7 Beds
-- Bath
4,000 Sq Ft
6,752 Sq Ft

Last Sold September 23, 2022

Last sale price $2,100,000 $525 Per Sq Ft

34 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

As of September 2022

The Wilton St Apartment is a 8 unit apartments located at a strong rental market in East Long Beach. It is near the traffic circle and Cal State Long Beach university. The Wilton St Apartments was built of wood frame/stucco construction with pitched roof in 1955. It is well maintained and has many upgrades throughout the years to the property. All the 1 Bed 1 Bath units are nicely layout. The property is individually metered for electricity & gas and central hot water heater. There is a laundry room onsite for the convenience of the tenants. It has 7 uncovered parking spaces. There is a large open court yard. Savvy investors may want to check with the city for possible usage of the open space. Drive by only. Please don't disturb the tenants.

Last Agent to Sell the Property

Hiu Chan

Hiu Chan, Broker License #01297322 Listed on: 06/23/2022

Last Buyer's Agent

Gary Ruhlen

Grason Homes License #01770129

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • 4,000 Sq Ft Home
  • Property Attached

Additional Features

  • 7 Bedrooms
  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 751
  • Assessor Parcel Number 7259004012

Community Details

Overview

  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $186
  • Gardener Expense $600
  • Insurance Expense $2,159
  • Maintenance Expense $10,611
  • Pest Control $600
  • Water Sewer Expense $3,446
  • Operating Expense $57,048
  • Gross Income $147,358
  • Net Operating Income $85,889

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,751 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 3446.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7259004012
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 525.00

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 186.00
  • Gross Income: 147358.00
  • Gross Scheduled Income: 147358.00
  • Insurance Expense: 2159.00
  • Lot Size Area: 6751.0000 Square Feet
  • Maintenance Expense: 10611.00
  • Net Operating Income: 85889.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 57048.00
  • Rent Control: Yes
  • Total Expenses: 57048.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 11
  • Tax Tract Number: 751.03
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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
01/30/2024 01/30/24 Price Changed $1,795 0.0% $3 / Sq Ft
01/30/2024 01/30/24 For Rent $1,795 -3.0% --
08/08/2023 08/08/23 For Rent $1,850 0.0% --
06/21/2023 06/21/23 For Rent $1,850 0.0% --
06/15/2023 06/15/23 Price Changed $1,850 +3.1% $3 / Sq Ft
06/02/2023 06/02/23 For Rent $1,795 0.0% --
09/23/2022 09/23/22 Sold $2,100,000 0.0% $525 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $2,100,000 0.0% $525 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $2,100,000 -- $525 / 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 $28,008 $2,184,840 $1,456,560 $728,280
2024 $28,008 $2,142,000 $1,428,000 $714,000
2023 $27,530 $2,100,000 $1,400,000 $700,000
2022 $15,492 $1,189,149 $792,768 $396,381
2021 $15,164 $1,165,833 $777,224 $388,609
2019 $14,947 $1,132,216 $754,172 $378,044
2018 $14,546 $1,110,036 $739,385 $370,651
2016 $13,393 $1,066,012 $710,675 $355,337
2015 $11,384 $918,294 $322,208 $596,086
2014 $11,335 $900,307 $315,897 $584,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22136970

California Regional Multiple Listing Service (CRMLS)
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