NOT LISTED FOR SALE

349 N Colorado Place Long Beach, CA 90814

Bluff Heights Neighborhood
4 Beds
3 Baths
3,116 Sq Ft
6,263 Sq Ft Lot

Last Sold May 31, 2019

Last sale price $1,409,000 $452 Per Sq Ft

11 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2019

We are pleased to present 349 N Colorado. Located in the highly desirable neighborhood of Bluff heights. Only a short distance to
the Ocean, Belmont Shore, wonderful shopping, restaurants, parks & excellent coffee shops. This classic 1922 TURNKEY
investment property has the charm of early 20th century design with built in cabinetry, hardwood flooring, walk in closets and
much more. Comprised of one completely detached SFR (1268Sf) 2 bed x 1 bath, fully renovated home, with four 1bed x 1bath
(462Sf) fully renovated units. SFR has a laundry room with ample parking. Long Beach is a non rent controlled city currently
reflecting a 98% occupancy. Although located in close proximity to the best of what Long Beach has to offer, this incredible
investment property is located on a quiet street and reflects Incredible curb appeal.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 03/15/2019

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 03/15/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,263 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • 1 Common Wall
  • Wood Fence
  • Lawn

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,116 Sq Ft Home
  • Ceiling Fan
  • Family Room with Fireplace
  • Wood Flooring
  • Fire and Smoke Detector
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 3283
  • Assessor Parcel Number 7263025006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 100 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $34,440
  • Gross Income $98,400
  • Net Operating Income $63,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.40
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Parcel Number: 7263025006
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Price Per Square Foot: 452.18

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit, Walkstreet
  • Lot Size: 50 x 125
  • Lot Size Sq Ft: 6263.00
  • Lot Size Acres: 0.1438

Multi Family

  • Average1 Bed Area: 462 Square Feet
  • Average2 Bed Area: 1268 Square Feet
  • Gross Income: 98400.00
  • Gross Multiplier: 14.70
  • Gross Operating Income: 95448.00
  • Gross Scheduled Income: 98400.00
  • Lot Size Area: 6263.0000 Square Feet
  • Net Operating Income: 63960.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 100
  • Number Of Units Total: 5
  • Operating Expense: 34440.00
  • Rent Control: No
  • Total Expenses: 34440.00
  • Vacancy Allowance: 2952
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5768.02
  • Tax Lot: 6
  • Tax Tract Number: 3283

Range of Values:

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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 Change Sq Ft Price
05/31/2019 05/31/19 Sold $1,409,000 -2.8% $452 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $1,450,000 -- $465 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Jacques

    Seller's Agent in 2019

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    3 in this area

    55 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19058837

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90814 Bluff Heights

349 N Colorado Place, Long Beach, CA

This home is located at 349 N Colorado Place, Long Beach, CA 90814 since 15 March 2019. This property was built in 1922. 349 N Colorado Place is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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