NOT LISTED FOR SALE

3901 E 11th St Long Beach, CA 90804

Recreation Park Neighborhood
4 Beds
5 Baths
4,102 Sq Ft
5,988 Sq Ft Lot

Last Sold March 07, 2024

Last sale price $1,831,100 $446 Per Sq Ft

41 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • 1-Story Property

About This Home

As of March 2024

3901 E. 11th Street is a 7-unit apartment asset built in 1987 located in Long Beach, California. The property is offered at 5.45% cap rate and 12.15 GRM on current rents. The property is comprised of (6) 1BD / 1BA units and (1) 3BD / 3.5BA unit with ample parking of nine (9) surface spaces.
All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located in a quiet, residential neighborhood near Belmont Heights.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 01/10/2024

Keller Williams Realty Downey

Last Buyer's Agent

Dean Lueck

Compass License #01752859

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,988 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,102 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 79
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254004029
  • $1,252 per year additional tax assessments

Community Details

Overview

  • 7 Units
  • Eastside Subdivision

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $914
  • Fuel Expense $914
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Maintenance Expense $4,900
  • Other Expense $2,100
  • Pest Control $900
  • Professional Management Expense $7,784
  • Trash Expense $914
  • Water Sewer Expense $914
  • New Taxes Expense $24,405
  • Operating Expense $49,343
  • Gross Income $155,685
  • Net Operating Income $106,342

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.45
  • Professional Management Expense: 7784.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 913.50
  • Zoning: LBR3S
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7254004029
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 446.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 913.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5988.00
  • Lot Size Acres: 0.1375

Multi Family

  • Electric Expense: 913.50
  • Fuel Expense: 913.50
  • Gross Income: 155685.00
  • Gross Multiplier: 12.15
  • Gross Scheduled Income: 160500.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 5988.0000 Square Feet
  • Maintenance Expense: 4900.00
  • Net Operating Income: 106342.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 49343.00
  • Other Expense: 2100.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 49343.00

Tax Info

  • New Taxes Expense: 24405.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 79
  • Tax Tract Number: 5770
  • TaxOtherAnnualAssessmentAmount: 1252.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/07/2024 03/07/24 Sold $1,831,100 -6.1% $446 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $1,950,000 -- $475 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2024

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    4 in this area

    76 Total Sales

    Robert Stepp
    Section Image
  • Dean Lueck

    Buyer's Agent in 2024

    Dean Lueck

    Compass

    (949) 275-1801

    1 in this area

    134 Total Sales

    Dean Lueck
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24005149

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Recreation Park

3901 E 11th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes