NOT LISTED FOR SALE
1 Bed
2 Baths
5,242 Sq Ft
6,751 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $2,250,000 $429 Per Sq Ft

45 Days on Market

Highlights

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

About This Home

As of May 2018

The property is located in Eastside Long Beach just west of the Traffic Circle and near the intersection of Redondo Avenue and Pacific Coast Highway. Additionally, California State University, Long Beach, which serves nearly 40,000 students, is just two miles away. This area is a strong rental market with low vacancy rates.

The offering is a two-story building that was constructed in 1960 and contains eight one-bedroom and three studio units, which are separately metered for gas and electricity. The property also features shared laundry and eight single-car garages; parking is a highly coveted amenity in this market and demands premium rates.

3441 East Wilton Street presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/02/2018

Last Buyer's Agent

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NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 5,242 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 7259003023

Community Details

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • Operating Expense $56,039
  • Gross Income $3,900
  • Net Operating Income $97,958

Additional Features

  • 11 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

8

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Circle (CA)
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Parcel Number: 7259003023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 429.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • 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

Multi Family

  • Gross Income: 3900.00
  • Gross Scheduled Income: 154740.00
  • Laundry Income: 3900.00
  • Net Operating Income: 97958.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 56039.00
  • Rent Control: No
  • Total Expenses: 56039.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 18
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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 Prior Sale
05/11/2018 05/11/18 Sold $2,250,000 -2.0% $429 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
03/01/2018 03/01/18 Price Changed $2,295,000 -4.2% $438 / Sq Ft
02/02/2018 02/02/18 For Sale $2,395,000 +64.0% $457 / Sq Ft
10/19/2015 10/19/15 Sold $1,460,000 +4.3% $279 / Sq Ft View Prior Sale
08/31/2015 08/31/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $1,400,000 -- $267 / 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 $33,037 $2,560,111 $1,792,079 $768,032
2024 $33,037 $2,509,914 $1,756,941 $752,973
2023 $32,468 $2,460,701 $1,722,492 $738,209
2022 $30,470 $2,412,453 $1,688,718 $723,735
2021 $29,855 $2,365,151 $1,655,606 $709,545
2019 $29,428 $2,296,860 $1,606,500 $690,360
2018 $19,892 $1,520,844 $1,040,400 $480,444
2016 $18,317 $1,460,000 $1,000,000 $460,000
2015 $11,427 $889,997 $359,118 $530,879
2014 $11,398 $872,564 $352,084 $520,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18025353

California Regional Multiple Listing Service (CRMLS)