NOT LISTED FOR SALE
6 Beds
6 Baths
52,351 Sq Ft
38,159 Sq Ft Lot

Last Sold May 29, 2013

Last sale price $8,200,000 $157 Per Sq Ft

12 Days on Market

Highlights

  • Private Pool
  • 0.88 Acre Lot
  • Paved or Partially Paved Lot
  • Hughes Middle School Rated A-
  • No HOA

About This Home

As of May 2013

51 spacious units in prime area of Long Beach, well-maintained, 3-3BR, 44-2BR, 4-1BR units, unfurnished, pool, large penthouse used for storage-could be rented out, carport parking, laundry, elevators, Manager on-site, easy freeway access

Last Agent to Sell the Property

Lorraine Reyes

RE/MAX Premier Realty License #00817053 Listed on: 02/21/2013

RE/MAX Premier Realty

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.88 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 52,351 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 51 Parking Spaces
  • 51 Carport Spaces
  • Parking Available

Additional Features

  • Private Pool
  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 25
  • Tax Tract Number 2964
  • Assessor Parcel Number 7145006035

Community Details

Overview

  • No Home Owners Association
  • 51 Units

Recreation

  • Community Pool

Building Details

  • 51 Leased Units
  • 51 Separate Electric Meters
  • Electric Expense $11,265
  • Insurance Expense $30,082
  • Professional Management Expense $9,149
  • Trash Expense $7,951
  • Water Sewer Expense $16,078
  • Gross Income $526,187
  • Net Operating Income $333,715

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.88 Acres

Listing Details

  • Assessments: No
  • Professional Management Expense: 9149.00
  • Property Attached: Yes
  • Water Sewer Expenses: 16078.00
  • Property Type: Residential Income
  • Parcel Number: 7145006035
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 156.64

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 51.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 51.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Trash Expense: 7951.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 38167.00
  • Lot Size Acres: 0.8760

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 11265.00
  • Gross Income: 526187.00
  • Gross Scheduled Income: 674247.00
  • Insurance Expense: 30082.00
  • Lot Size Area: 38167.0000 Square Feet
  • Net Operating Income: 333715.00
  • Number Of Separate Electric Meters: 51
  • Number Of Units Leased: 51
  • Number Of Units Total: 51
  • Rent Control: No
  • Total Actual Rent: 55931.00

Tax Info

  • Tax Area: 5500
  • Tax Lot: 25
  • Tax Tract Number: 2964
  • Tax Year: 2011
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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
05/29/2013 05/29/13 Sold $8,200,000 -8.9% $157 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $9,000,000 -- $172 / 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 $134,019 $10,097,707 $1,970,280 $8,127,427
2024 $134,019 $9,899,714 $1,931,648 $7,968,066
2023 $131,732 $9,705,603 $1,893,773 $7,811,830
2022 $123,772 $9,515,298 $1,856,641 $7,658,657
2021 $121,064 $9,328,725 $1,820,237 $7,508,488
2019 $119,333 $9,070,782 $1,766,249 $7,304,533
2018 $116,091 $8,893,292 $1,731,617 $7,161,675
2016 $106,604 $8,529,934 $1,664,377 $6,865,557
2015 $102,399 $8,401,807 $1,639,377 $6,762,430
2014 $101,832 $8,237,228 $1,607,264 $6,629,964
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13028342

California Regional Multiple Listing Service (CRMLS)
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