NOT LISTED FOR SALE

3356 E 1st St Long Beach, CA 90803

Bluff Park Neighborhood
5 Beds
5 Baths
4,722 Sq Ft
9,621 Sq Ft Lot

Last Sold March 25, 2019

Last sale price $1,884,500 $399 Per Sq Ft

33 Days on Market

Highlights

  • 0.22 Acre Lot
  • Woodrow Wilson High School Rated A
  • Garden

About This Home

As of March 2019

is pleased to present 3356 East 1st Street, a unique 6-unit apartment building located in non-rent controlled Long Beach, CA. This is a rare value-add investment opportunity one block from Ocean Boulevard. The property consists of three separate structures on a large, 9,627 square foot lot. The front building is a 1,910 square-foot 3-bed/2-bath house built in 1920. Behind the house and separated by a spacious courtyard, there is a 2,488 square-foot fourplex consisting of two 1-bed/1-bath units and two studio units.* The sixth unit is a studio unit located above two detached garages on the east side of the lot. In addition to the detached garages, there are five garages attached to the fourplex located in the back of the property, facing the alley.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 02/07/2019

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 02/07/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,621 Sq Ft Lot
  • Two or More Common Walls
  • Garden
  • Front Yard

Parking

  • 7 Car Garage

Home Design

  • 4,722 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 57720
  • Assessor Parcel Number 7264014009

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,888
  • Maintenance Expense $3,900
  • Pest Control $600
  • Professional Management Expense $5,500
  • Water Sewer Expense $4,800
  • New Taxes Expense $23,939
  • Operating Expense $42,827
  • Gross Income $36,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 5500.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 4800.00
  • Zoning: LBR2L
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7264014009
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 399.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: No
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 9621.00
  • Lot Size Acres: 0.2209

Multi Family

  • Gross Income: 36540.00
  • Gross Scheduled Income: 36540.00
  • Insurance Expense: 1888.00
  • Lot Size Area: 9621.0000 Square Feet
  • Maintenance Expense: 3900.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 42827.00
  • Rent Control: No
  • Total Expenses: 42827.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 23939.00
  • Tax Census Tract: 5772.00
  • Tax Lot: 8
  • Tax Tract Number: 57720

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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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
03/25/2019 03/25/19 Sold $1,884,500 -0.8% $399 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $1,900,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jack Levis

    CBRE Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19034767

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Bluff Park

3356 E 1st St, Long Beach, CA

Not Listed for Sale

MultiFamily

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