NOT LISTED FOR SALE
-- Bed
8 Baths
3,376 Sq Ft
3,119 Sq Ft Lot

Last Sold February 18, 2022

Last sale price $2,125,000 $629 Per Sq Ft

Highlights

  • Corner Lot
  • No HOA
  • Bike Trail
  • Lowell Elementary School Rated A-
  • Laundry Room

About This Home

As of February 2022

Great opportunity... a cherry 8-unit with upside, situated on the end cap of the block at Roswell and First St, ALL units face the Southern Sun all day, bright and airy, pass thru units with windows/doors on 2 - 3 sides, easy to rent, one block from the beach, shopping, bike bath, restaurants galore, and the vibe of Second Street night life, in the coveted Belmont Shore community of Long Beach. Eat-in kitchens, dressing areas, hardwood floors and so much more... NICE.

Last Agent to Sell the Property

Michael Roland

Coldwell Banker Realty License #01023175 Listed on: 01/16/2022

Coldwell Banker Realty

Co-Listed By

Melissa Roland

Coldwell Banker Realty License #02029835

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 3,119 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • 3,376 Sq Ft Home

Additional Features

  • 8 Bathrooms
  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 7256026005

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Belmont Shore Subdivision

Recreation

  • Bike Trail

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $112,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Property Type: Residential Income
  • Parcel Number: 7256026005
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 629.44

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3119.00
  • Lot Size Acres: 0.0716

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 112000.00
  • Gross Multiplier: 19.30
  • Gross Scheduled Income: 112000.00
  • Lot Size Area: 3119.0000 Square Feet
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Rent Control: Yes

Tax Info

  • Tax Lot: 0000
  • Tax Tract Number: 0000

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $2,125,000 -2.1% $629 / Sq Ft
01/17/2022 01/17/22 For Sale $2,170,000 -- $643 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $28,618 $2,255,066 $1,464,467 $790,599
2024 $28,618 $2,210,850 $1,435,752 $775,098
2023 $28,131 $2,167,500 $1,407,600 $759,900
2022 $14,398 $1,116,727 $724,364 $392,363
2021 $14,096 $1,094,831 $710,161 $384,670
2019 $13,893 $1,062,760 $689,099 $373,661
2018 $13,553 $1,041,931 $675,588 $366,343
2016 $12,479 $1,001,089 $649,355 $351,734
2015 $11,984 $986,053 $639,602 $346,451
2014 $11,929 $966,739 $627,074 $339,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21191749

California Regional Multiple Listing Service (CRMLS)