Seller's Agent in 2021
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
1 in this area
140 Total Sales
3520 Elm Ave Long Beach, CA 90807
California Heights Neighborhood
17
Beds
10
Baths
9,836
Sq Ft
13,891
Sq Ft Lot
Highlights
- 0.32 Acre Lot
- Wooded Lot
- Neighborhood Views
- Hughes Middle School Rated A-
- No HOA
- Community Pool
About This Home
As of June 20213520 Elm Ave is a 12-unit building located in the Bixby Knolls/California Heights neighborhood of Long Beach. The building was built in 1962 and consists of 9,836 SF of living space situated on a 13,892 SF lot. 3520 Elm Ave offers a great unit mix consisting of (10) 2-Bed/1-Bath, (1) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features twelve (12) total parking spots, consisting of five (5) single-car garages and seven (7) parking spaces. The property also features a community pool, coin-operated laundry facilities, gated entry, and beautifully landscaped seating areas.
Located in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 02/10/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.32 Acre Lot
- 1 Common Wall
- Wooded Lot
Parking
- 5 Car Garage
- 7 Open Parking Spaces
- Parking Available
Home Design
- Apartment
Interior Spaces
- 9,836 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 17 Bedrooms
- 10 Bathrooms
Listing and Financial Details
- Legal Lot and Block 6 / 10
- Tax Tract Number 2964
- Assessor Parcel Number 7145011006
Community Details
Overview
- No Home Owners Association
- 12 Units
- California Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $3,934
- Maintenance Expense $7,322
- Other Expense $9,600
- Professional Management Expense $12,204
- New Taxes Expense $46,650
- Operating Expense $80,911
- Gross Income $231,876
- Net Operating Income $150,965
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2021 06/17/21 | Sold | $3,550,000 | -3.9% | $361 / Sq Ft |
| 03/16/2021 03/16/21 | Pending | -- | -- | -- |
| 02/10/2021 02/10/21 | For Sale | $3,695,000 | -- | $376 / 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 | $49,445 | $3,842,633 | $1,677,769 | $2,164,864 |
| 2024 | $49,445 | $3,767,288 | $1,644,872 | $2,122,416 |
| 2023 | $48,609 | $3,693,420 | $1,612,620 | $2,080,800 |
| 2022 | $45,628 | $3,621,000 | $1,581,000 | $2,040,000 |
| 2021 | $7,402 | $426,634 | $140,638 | $285,996 |
| 2020 | $7,380 | $423,560 | $139,196 | $284,364 |
| 2019 | $7,298 | $415,281 | $136,467 | $278,814 |
| 2018 | $6,876 | $407,165 | $133,792 | $273,373 |
| 2016 | $6,296 | $390,107 | $128,598 | $261,509 |
| 2015 | $6,086 | $384,248 | $126,667 | $257,581 |
| 2014 | $6,117 | $376,722 | $124,186 | $252,536 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
-
Woody Stahl
Seller Co-Listing Agent in 2021
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
1 in this area
151 Total Sales
-
Kevin King
Buyer's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21028168
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.
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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