NOT LISTED FOR SALE

3809 2nd St Long Beach, CA 90803

Belmont Heights Neighborhood
10 Beds
6 Baths
5,888 Sq Ft
6,749 Sq Ft Lot

Last Sold March 12, 2021

Last sale price $2,300,000 $391 Per Sq Ft

58 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Fremont Elementary School Rated A
  • Awning
  • Front Yard

About This Home

As of March 2021

Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation in 2018. The Belmont Heights location is one of the most desirable in all of Southern California. The property is walking distance to the beach, bike path as well as the popular 2nd Street shopping and dining. Upside in the rents without having to do any major capital improvements. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 10/08/2020

Last Buyer's Agent

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 10/08/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,749 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 5,888 Sq Ft Home
  • 2-Story Property
  • Awning
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 22 / K
  • Assessor Parcel Number 7256008022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $115
  • Gardener Expense $2,055
  • Insurance Expense $1,860
  • Maintenance Expense $5,835
  • Professional Management Expense $7,500
  • Water Sewer Expense $2,550
  • New Taxes Expense $28,120
  • Operating Expense $48,590
  • Gross Income $12,160
  • Net Operating Income $89,423

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 3.58
  • Professional Management Expense: 7500.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights
  • Water Sewer Expenses: 2550.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 2055.00
  • Parcel Number: 7256008022
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 390.62

Exterior Features

  • Exterior Features: Awning(s)
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6749.00
  • Lot Size Acres: 0.1549

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 115.00
  • Garage Income: 375.00
  • Gross Income: 12160.00
  • Gross Multiplier: 17.13
  • Gross Scheduled Income: 145920.00
  • Insurance Expense: 1860.00
  • Laundry Income: 60.00
  • Lot Size Area: 6749.0000 Square Feet
  • Maintenance Expense: 5835.00
  • Net Operating Income: 89423.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 52119.00
  • Other Income1: 75.00
  • Other Income Description: Pet Rent
  • Rent Control: Yes
  • Total Actual Rent: 12160.00
  • Total Expenses: 48590.00
  • Vacancy Allowance: 4378
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28120.00
  • Tax Block: K
  • Tax Census Tract: 5772.00
  • Tax Lot: 22

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
03/12/2021 03/12/21 Sold $2,300,000 -8.0% $391 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $2,499,500 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristie Pabst

    Seller's Agent in 2021

    Kristie Pabst

    Pabst, Kinney & Associates

    (562) 987-3244

    1 in this area

    33 Total Sales

    Kristie Pabst
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20212043

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Heights

3809 2nd St, Long Beach, CA

This home is located at 3809 2nd St, Long Beach, CA 90803 since 08 October 2020. This property was built in 1924. 3809 2nd St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Rogers Middle School, and Woodrow Wilson High 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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