Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
81 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
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 in unit
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2024
Closed on
Jan 24, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Dean Lueck
Compass
List Price
$1,950,000
Sold Price
$1,831,100
Premium/Discount to List
-$118,900
-6.1%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0669%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 26, 2017
Sold by
Bought by
Purchase Details
Closed on
Dec 28, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
0.0565%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
0.0684%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 18, 1996
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,831,500 | Chicago Title Company | ||
| $1,500,000 | Stewart Title Guaranty Co | ||
| $930,000 | Ticor Title Co | ||
| -- | Commonwealth Land Title | ||
| -- | Commonwealth Land Title | ||
| $510,000 | Commonwealth Land Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Previous Owner | $558,000 | ||
| Previous Owner | $357,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $25,175 | $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
120 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24005149
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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