NOT LISTED FOR SALE
1 Bed
5 Baths
8,028 Sq Ft
1928 Built

Last Sold August 28, 2012

Last sale price $1,100,000 $137 Per Sq Ft

82 Days on Market

Highlights

  • Spanish Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of August 2012

Well maintained 13 unit building with $112,000 income per year!, with a new roof, new copper plumbing, new separate electric meters, a new quick recovery hot water heater, with circulating pump. The building has a large basement with individual rooms for owner s supplies. On the third level is the laundry room and the penthouse which is converted storage rooms. All the apartments come with stove and refrigerator, large walk in closets, breakfast nooks and large windows with wooden blinds and new carpeting. There is no deferred maintenance required for this building. Also, it s walking distance to everything, great markets, restaurants, the blue line and City Place.

Last Agent to Sell the Property

Mark Wilson

Coldwell Banker Realty License #00993746 Listed on: 06/02/2012

Coldwell Banker Realty

Last Buyer's Agent

Tim Hayden

The Right House License #01203544

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Home Design

  • 8,028 Sq Ft Home
  • Spanish Architecture
  • Stucco

Bedrooms and Bathrooms

  • 1 Bedroom
  • 5 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 3 / 6
  • Tax Tract Number 5763
  • Assessor Parcel Number 7273011022

Community Details

Overview

  • 13 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Insurance Expense $3,600
  • Water Sewer Expense $6,240
  • Gross Income $9,325
  • Net Operating Income $101,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.22
  • View: No
  • Water Sewer Expenses: 6240.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7273011022
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 137.02

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 9325.00
  • Gross Multiplier: 9.82
  • Gross Scheduled Income: 112000.00
  • Insurance Expense: 3600.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 101380.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Operating Expense: 10620.00

Tax Info

  • Tax Block: 6
  • Tax Lot: 3
  • Tax Tract Number: 5763

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
08/28/2012 08/28/12 Sold $1,100,000 0.0% $137 / Sq Ft
08/23/2012 08/23/12 Pending -- -- --
06/02/2012 06/02/12 For Sale $1,100,000 -- $137 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P824095

California Regional Multiple Listing Service (CRMLS)