NOT LISTED FOR SALE

417 E 20th St Long Beach, CA 90806

Sunrise Neighborhood
2 Beds
1 Bath
8,946 Sq Ft
0.4 Acres

Last Sold February 20, 2020

Last sale price $3,000,000 $335 Per Sq Ft

127 Days on Market

Highlights

  • 0.4 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Landscaped

About This Home

As of February 2020

415 - 417 East 20th Street is a 14-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The 8,946 gross square foot property consists exclusively of two-bedroom cottages and offers amenities including gated entry, single-story construction, on-site laundry, and garage parking. In addition, the property’s strategic location in close proximity to Pacific Coast Highway and Interstate 710 provides residents with convenient access to local and regional employment centers.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/12/2019

Last Buyer's Agent

Scott Burns

JMS Manage Sell PC License #01989612

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1927

Lot Details

  • 0.4 Acre Lot
  • No Common Walls
  • Landscaped

Parking

  • 6 Car Garage

Interior Spaces

  • 8,946 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 19 / 2
  • Tax Tract Number 2
  • Assessor Parcel Number 7209011016

Community Details

Overview

  • 14 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,411
  • Fuel Expense $2,411
  • Insurance Expense $4,646
  • Maintenance Expense $7,000
  • Other Expense $5,140
  • Professional Management Expense $10,303
  • Trash Expense $2,411
  • Water Sewer Expense $2,411
  • New Taxes Expense $39,582
  • Operating Expense $78,715
  • Gross Income $212,220
  • Net Operating Income $127,337

Property Details

Home Type

Apartment

Year Built

Built in 1927

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 10303.00
  • Property Attached: No
  • Water Sewer Expenses: 2411.00
  • Zoning: LBPD29
  • Property Type: Residential Income
  • Parcel Number: 7209011016
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 335.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2411.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Multi Family

  • Electric Expense: 2411.00
  • Fuel Expense: 2411.00
  • Gross Income: 212220.00
  • Gross Operating Income: 206051.00
  • Gross Scheduled Income: 212220.00
  • Insurance Expense: 4646.00
  • Lot Size Area: 0.4000 Acres
  • Maintenance Expense: 7000.00
  • Net Operating Income: 127337.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 78715.00
  • Other Expense: 5140.00
  • Rent Control: No
  • Total Actual Rent: 17135.00
  • Total Expenses: 78715.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 39582.00
  • Tax Block: 2
  • Tax Census Tract: 5732.02
  • Tax Lot: 19
  • Tax Tract Number: 2

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
02/20/2020 02/20/20 Sold $3,000,000 -3.2% $335 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
09/17/2019 09/17/19 Price Changed $3,100,000 -3.1% $347 / Sq Ft
08/12/2019 08/12/19 For Sale $3,200,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2020

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
    Section Image

  • S

    Buyer's Agent in 2020

    Scott Burns

    JMS Manage Sell PC

    (404) 784-3841

    1 Total Sale

    Scott Burns
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19192297

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

417 E 20th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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