NOT LISTED FOR SALE

345 E 20th St Long Beach, CA 90806

Sunrise Neighborhood
10 Beds
6 Baths
11,046 Sq Ft
0.4 Acres

Last Sold May 22, 2024

Last sale price $3,525,000 $319 Per Sq Ft

148 Days on Market

Highlights

  • 0.4 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2024

Price Adjustment! 345 E 20th St in Long Beach is a great investment opportunity for local investors or 1031 exchange clients alike. The 23 units have been upgraded both on the interior and exterior. The upgrades include but are not limited to the roof being replaced within the last 10 years, a majority of the plumbing being replaced, and each unit being heavily remodeled in the last 5 years. The subject property currently has 4 private garages and an onsite laundry room, both which provide additional income. 345 E 20th St boasts a strong walk score of 95 due to the extremely convenient distance between grocery stores as well as dining and entertainment options.

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770 Listed on: 10/10/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597

Last Buyer's Agent

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770 Listed on: 10/10/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 11,046 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 2
  • Assessor Parcel Number 7209011018
  • $1,300 per year additional tax assessments

Community Details

Building Details

  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,000
  • Fuel Expense $4,500
  • Insurance Expense $7,732
  • Professional Management Expense $14,074
  • Trash Expense $4,000
  • Water Sewer Expense $7,866
  • Operating Expense $124,522
  • Gross Income $351,840
  • Net Operating Income $216,763

Additional Features

  • 23 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 14074.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 7866.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7209011018
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 319.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 17609.00
  • Lot Size Acres: 0.4042

Multi Family

  • Electric Expense: 4000.00
  • Fuel Expense: 4500.00
  • Gross Income: 351840.00
  • Gross Operating Income: 341285.00
  • Gross Scheduled Income: 351840.00
  • Insurance Expense: 7732.00
  • Laundry Income: 50.00
  • Lot Size Area: 17609.0000 Square Feet
  • Net Operating Income: 216763.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 23
  • Operating Expense: 124522.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Expenses: 124522.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 1300.00

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 Prior Sale
05/22/2024 05/22/24 Sold $3,525,000 -15.9% $319 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $4,190,000 0.0% $379 / Sq Ft
01/08/2024 01/08/24 For Sale $4,190,000 +18.9% $379 / Sq Ft
12/21/2023 12/21/23 Off Market $3,525,000 -- --
11/20/2023 11/20/23 Price Changed $4,350,000 -3.2% $394 / Sq Ft
10/10/2023 10/10/23 For Sale $4,495,000 0.0% $407 / Sq Ft
03/27/2020 03/27/20 Sold $4,495,000 0.0% $407 / Sq Ft View Prior Sale
01/13/2020 01/13/20 For Sale $4,495,000 +35.8% $407 / Sq Ft
12/20/2017 12/20/17 Sold $3,310,000 -2.2% $300 / Sq Ft View Prior Sale
10/31/2017 10/31/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $3,385,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stephen Takahashi

    Seller's Agent in 2024

    Stephen Takahashi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 403-9145

    1 in this area

    99 Total Sales

    Stephen Takahashi
    Section Image
  • Johnnie Stiegler

    Seller Co-Listing Agent in 2024

    Johnnie Stiegler

    Lyon Stahl Investment Real Estate, Inc.

    (310) 606-0939

    1 in this area

    94 Total Sales

    Johnnie Stiegler
    Section Image
  • Jon Swire

    Seller's Agent in 2020

    Jon Swire

    The Agency

    (310) 948-2631

    34 Total Sales

    Jon Swire
    Section Image

  • C

    Seller's Agent in 2017

    Cris Molles

    The Realestate Group

    (310) 540-0072

    4 Total Sales

    Cris Molles
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    4 in this area

    6,159 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23188825

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

345 E 20th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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

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