NOT LISTED FOR SALE
7 Beds
6 Baths
3,907 Sq Ft
6,157 Sq Ft Lot

Last Sold November 24, 2020

Last sale price $1,260,000 $322 Per Sq Ft

55 Days on Market

Highlights

  • Fireplace in Kitchen
  • Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Fremont Elementary School Rated A
  • No HOA
  • Ceramic Countertops

About This Home

As of November 2020

Great location in this growing area of long beach, centrally located close to high school/college .easy access to freeways with a strong rental market .Upside potential on rents, upstairs has a 2 bedroom with den, another 2 bedroom and 3- one bedrooms.Property is 6 unit on title, so looks as if prior owners combined the upstairs unit.4 one car enclosed garages with common laundry area.. drive by only and walk thru with accepted offer...

Last Agent to Sell the Property

David Macleod

Coldwell Banker Realty License #00934704 Listed on: 08/11/2020

Coldwell Banker Realty

Co-Listed By

Lori Thompson

Coldwell Banker Realty License #01897484

Last Buyer's Agent

Ana Maria Nava

West Shores Realty, Inc. License #01421262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,157 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,907 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Ceramic Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 1
  • Assessor Parcel Number 7254028012

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Other Expense $2,400
  • Pest Control $700
  • Supplies Expense $350
  • Trash Expense $1,200
  • Water Sewer Expense $800
  • New Taxes Expense $15,000
  • Operating Expense $22,800
  • Gross Income $92,740
  • Net Operating Income $74,352

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: //
  • Supplies Expense: 350.00
  • View: No
  • Water Sewer Expenses: 800.00
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7254028012
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Kitchen
  • Levels: Two
  • Price Per Square Foot: 322.50

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 700.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6157.00
  • Lot Size Acres: 0.1413

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 92740.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 92940.00
  • Insurance Expense: 2300.00
  • Laundry Income: 100.00
  • Lot Size Area: 6157.0000 Square Feet
  • Net Operating Income: 74352.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Range: 5
  • Operating Expense: 18588.00
  • Other Expense: 2400.00
  • Rent Control: Yes
  • Total Actual Rent: 102618.00
  • Total Expenses: 22800.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 11
  • Tax Tract Number: 1

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 List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $1,260,000 -9.9% $322 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $1,399,000 -- $358 / 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: OC20160754

California Regional Multiple Listing Service (CRMLS)