Seller's Agent in 2014
Derek Fowler
RE/MAX
(310) 802-2552
1 Total Sale
417 E 7th St Long Beach, CA 90813
Saint Mary's Neighborhood
4
Beds
5
Baths
5,292
Sq Ft
7,488
Sq Ft Lot
About This Home
As of October 2014417-423 E 7Th St. has been very well maintained over the past 10+ years. The five separate structures on the lot consist of a 6-Unit building in the front with four, 1 bed, 1 bath units—the two, 1 bedrooms on the first floor are very large—and two singles. Built over two single car garages is a remodeled 1 bed, 1 bath non-conforming unit. To the north sit two detached homes, a few more steps north you will find two single units over four more 1-car garages. All garages are income producing and feature automatic doors, every unit’s kitchen and bathroom have been remodeled, every unit has an updated electrical panel, the building is copper plumbed in all accessible areas, and the seller re-roofed the property approximately eight years ago. For tenant convenience laundry is available on-site and the seller has not raised any of the rents from the time of tenant move-in. SELLER TO 1031 EXCHANGE.
The property is located on East 7Th St. just west of Atlantic Avenue and east of Long Beach Blvd. 1/2 mile to west, also on 7Th St., is a 710 Freeway entrance. 1.5 miles to the south is the Downtown Long Marina and Rainbow Harbor featuring the Aquarium of the Pacific.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01319692 Listed on: 07/02/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 7,488 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- 5,292 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Laundry
- Leased Washer and Dryer
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 11 / 29
- Tax Tract Number 5763
- Assessor Parcel Number 7273019015
Community Details
Overview
- 5 Buildings
- 11 Units
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Professional Management Expense $43,340
- Gross Income $9,288
- Net Operating Income $62,909
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2014 10/30/14 | Sold | $1,175,000 | -4.5% | $222 / Sq Ft |
| 07/13/2014 07/13/14 | Pending | -- | -- | -- |
| 07/02/2014 07/02/14 | For Sale | $1,230,000 | -- | $232 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Derek Fowler
-
Damien Breaux
Buyer's Agent in 2014
Damien Breaux
Morgan Skenderian
(949) 584-0503
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14140246
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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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