Burju Kayiran
Beverly & Company, Inc.
(949) 543-1085
12 Total Sales
1 in Peninsula
$675,000 Price
40 63rd Place Long Beach, CA 90803
Peninsula Neighborhood
10
Beds
10
Baths
6,646
Sq Ft
7,275
Sq Ft Lot
Highlights
- Property has ocean access
- 0.17 Acre Lot
- 7 Car Garage
- Naples Bayside Academy Rated A
- Lawn
- Bike Trail
About This Home
As of June 2023This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 11/04/2022
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,275 Sq Ft Lot
- Two or More Common Walls
- Lawn
- Density is up to 1 Unit/Acre
Parking
- 7 Car Garage
- Parking Available
Home Design
- Apartment
- Turnkey
- Shingle Roof
Interior Spaces
- 6,646 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Outdoor Features
- Property has ocean access
- Beach Access
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 18 / 12
- Tax Tract Number 577
- Assessor Parcel Number 7245023016
Community Details
Overview
- 11 Units
- Bay Harbour Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $675
- Fuel Expense $506
- Gardener Expense $994
- Insurance Expense $12,843
- Maintenance Expense $36,590
- Pest Control $1,251
- Professional Management Expense $12,861
- Water Sewer Expense $2,460
- New Taxes Expense $62,469
- Operating Expense $89,608
- Gross Income $183,532
- Net Operating Income $93,923
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Peninsula, CA
-
Burju Kayiran
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
72 Total Sales
1 in Peninsula
$4,500,000 Price
-
Brian Wilson
Brian Wilson
First Team Real Estate
(949) 763-4047
32 Total Sales
5 in Peninsula
$2M - $2.8M Price Range
-
Laura Kellam
Laura Kellam
Responds QuicklyColdwell Banker Realty
(424) 704-2818
34 Total Sales
1 in Peninsula
$4,230,000 Price
-
Philip DeMatteo
Philip DeMatteo
Responds QuicklyFirst Team Real Estate
(562) 784-7098
249 Total Sales
2 in Peninsula
$2,150,000 Price Range
-
Steve Leitner
Steve Leitner
Responds QuicklyFirst Team Real Estate
(562) 247-5468
55 Total Sales
1 in Peninsula
$3,700,000 Price
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 |
|---|---|---|---|---|
| 06/21/2023 06/21/23 | Sold | $3,900,000 | -8.2% | $587 / Sq Ft |
| 05/18/2023 05/18/23 | Pending | -- | -- | -- |
| 05/01/2023 05/01/23 | Price Changed | $4,250,000 | -15.0% | $639 / Sq Ft |
| 11/04/2022 11/04/22 | For Sale | $4,997,500 | -- | $752 / 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 |
|---|---|---|---|---|
| 2026 | $53,685 | $4,138,710 | $2,690,162 | $1,448,548 |
| 2025 | $53,685 | $4,057,560 | $2,637,414 | $1,420,146 |
| 2024 | $51,380 | $3,978,000 | $2,585,700 | $1,392,300 |
| 2023 | $19,799 | $1,431,692 | $785,243 | $646,449 |
| 2022 | $19,532 | $1,481,346 | $801,395 | $679,951 |
| 2021 | $19,106 | $1,452,301 | $785,682 | $666,619 |
| 2019 | $18,832 | $1,410,107 | $762,379 | $647,728 |
| 2018 | $18,306 | $1,382,476 | $747,431 | $635,045 |
| 2016 | $16,842 | $1,327,949 | $718,408 | $609,541 |
| 2015 | $16,183 | $1,308,003 | $707,617 | $600,386 |
| 2014 | $16,111 | $1,282,382 | $693,756 | $588,626 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
JH
Seller's Agent in 2023
Juan Huizar
Sage Real Estate Group, Inc.
(562) 725-9009
2 in this area
106 Total Sales
-
GN
Buyer's Agent in 2023
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22235774
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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