NOT LISTED FOR SALE

3810 Marron Ave Long Beach, CA 90807

Bixby Knolls Neighborhood
10 Beds
7 Baths
6,628 Sq Ft
7,118 Sq Ft Lot

Last Sold November 03, 2015

Last sale price $1,430,000 $216 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Heating System Uses Natural Gas
  • Longfellow Elementary School Rated A-

About This Home

As of November 2015

Rarely on the Market- Incredible opportunity to own a prime 7 unit with a great mix of 2 bedrooms & 1 bedrooms in Long Beach Bixby Knoll area. **With Huge Upside** Rents are significantly under market and the garages are NOT currently being rented. Garages face Orange Ave with 5 new roll up doors. Garages are not included in unit rents. 5 car garage is set up like Warehouse, 5 doors all open as one huge space with high ceilings. Pride of Ownership, property has been maintained with landscaping and exterior shows no sign of wear. Laundry facility produces monthly income too. Plenty of Upside--this is more like a 10.65 GRM with market rents and garage rented.

Last Agent to Sell the Property

Danny Williamson

First Team Real Estate License #01107239 Listed on: 10/01/2015

First Team Real Estate

Co-Listed By

Erin Williamson Team

First Team Real Estate License #01168509

Last Buyer's Agent

Gregory Kampfer

First Team Real Estate License #00840048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,118 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System

Parking

  • 5 Car Garage
  • On-Street Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 6,628 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 30
  • Tax Tract Number 12475
  • Assessor Parcel Number 7138025031

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $3,600
  • Other Expense $3,120
  • Pest Control $300
  • Professional Management Expense $4,217
  • New Taxes Expense $15,588
  • Gross Income $8,785
  • Net Operating Income $68,523

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 4217.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Bixby Knolls (BK)
  • Property Type: Residential Income
  • Parcel Number: 7138025031
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 215.75

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Inside, Individual Room
  • Pest Control Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 7118.00
  • Price Per Lot Square Foot: 200.90
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 550
  • Average2 Bed Area: 750
  • Gross Income: 8785.00
  • Gross Scheduled Income: 105420.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7118.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 68523.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 31626.00
  • Operating Expense Percent: 30.00
  • Other Expense: 3120.00
  • Other Expense Description: Water
  • Rent Control: No
  • Total Actual Rent: 8745.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15588.00
  • Tax Area: 5500
  • Tax Lot: 30
  • Tax Tract Number: 12475
  • Tax Year: 2014

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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List Price
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
11/03/2015 11/03/15 Sold $1,430,000 +10.1% $216 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $1,299,000 -- $196 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Danny Williamson

    First Team Real Estate

    (714) 269-4020

    45 Total Sales

    Danny Williamson
    Section Image
  • Erin Williamson Team

    Seller Co-Listing Agent in 2015

    Erin Williamson Team

    First Team Real Estate

    (714) 612-4297

    95 Total Sales

    Erin Williamson Team
    Section Image

  • G

    Buyer's Agent in 2015

    Gregory Kampfer

    First Team Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15216628

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90807 Bixby Knolls

3810 Marron Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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