$2,500,000
SOLD SEP 1, 2017
16 Beds
16 Baths
7,148 Sq Ft
6,255 Sq Ft Lot

Recently Sold

$350 Per Sq Ft

3% Below List Price

182 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Level Lot
  • Woodrow Wilson High School Rated A

About This Home

As of August 2022

The 11th Street Apartments Are 1987 Built 8 Units Located In The Highly Sought After Eastside Of Long Beach. Renovated Units Have Granite, Laminate Flooring/Tile, Upgraded Fixtures And Appliances. Unit Mix is 8-2 Bedrooms + 2 Baths. All Units have Private Balconies and Separate Water Heaters. Laundry Room On Site And Rentable Storage Rooms Can Add Income. Controlled Access Entry With Covered Ground Level Parking. 11 Parking Spaces (No Garages). PLEASE DRIVE BY ONLY, DO NOT WALK THE PROPERTY OR COMMUNICATE WITH THE TENANTS. THANK YOU.

Last Agent to Sell the Property

Larry Bustamante

Keller Williams Realty Downey License #00762602 Listed on: 02/17/2017

Keller Williams Realty Downey

Last Buyer's Agent

Kevin King

Marcus & Millichap License #01158184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,255 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Sprinkler System

Home Design

  • 7,148 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 11 Parking Spaces
  • Parking Available
  • Covered Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 2
  • Assessor Parcel Number 7254010002

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,120
  • Insurance Expense $1,683
  • Maintenance Expense $12,592
  • Professional Management Expense $1,500
  • Supplies Expense $100
  • Water Sewer Expense $1,650
  • New Taxes Expense $31,942
  • Operating Expense $52,813
  • Gross Income $136,800
  • Net Operating Income $83,987

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Professional Management Expense: 1500.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 100.00
  • Water Sewer Expenses: 1650.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7254010002
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 349.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 11.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 6255.00

Multi Family

  • Electric Expense: 1120.00
  • Gross Income: 136800.00
  • Gross Scheduled Income: 136800.00
  • Insurance Expense: 1683.00
  • Maintenance Expense: 12592.00
  • Net Operating Income: 83987.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Patio: 8
  • Operating Expense: 52813.00
  • Rent Control: No
  • Total Expenses: 52813.00

Tax Info

  • New Taxes Expense: 31942.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 2
  • Tax Tract Number: 2

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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
08/16/2022 08/16/22 Sold $2,680,000 -4.3% $375 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $2,800,000 +12.0% $392 / Sq Ft
09/01/2017 09/01/17 Sold $2,500,000 -3.0% $350 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $2,576,000 +3.0% $360 / Sq Ft
08/14/2017 08/14/17 Off Market $2,500,000 -- --
07/03/2017 07/03/17 For Sale $2,576,000 +3.0% $360 / Sq Ft
06/30/2017 06/30/17 Off Market $2,500,000 -- --
02/17/2017 02/17/17 For Sale $2,576,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17028877

California Regional Multiple Listing Service (CRMLS)