Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
74 Total Sales
3901 E 11th St Long Beach, CA 90804
Recreation Park Neighborhood
4
Beds
5
Baths
4,102
Sq Ft
5,988
Sq Ft Lot
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- 1-Story Property
About This Home
As of March 20243901 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
Keller Williams Realty Downey License #01456379 Listed on: 01/10/2024
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
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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 |
|---|---|---|---|---|
| 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
| 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 | $22,084 | $1,867,620 | $1,326,000 | $541,620 |
| 2024 | $22,084 | $1,673,274 | $1,171,293 | $501,981 |
| 2023 | $21,706 | $1,640,466 | $1,148,327 | $492,139 |
| 2022 | $20,376 | $1,608,301 | $1,125,811 | $482,490 |
| 2021 | $19,962 | $1,576,767 | $1,103,737 | $473,030 |
| 2019 | $19,677 | $1,530,000 | $1,071,000 | $459,000 |
| 2018 | $19,156 | $1,500,000 | $1,050,000 | $450,000 |
| 2016 | $12,463 | $995,000 | $465,600 | $529,400 |
| 2015 | $11,577 | $945,000 | $442,200 | $502,800 |
| 2014 | $11,219 | $900,000 | $421,100 | $478,900 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Dean Lueck
Buyer's Agent in 2024
Dean Lueck
Compass
(949) 275-1801
1 in this area
131 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24005149
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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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