NOT LISTED FOR SALE
1 Bed
2 Baths
5,041 Sq Ft
10,623 Sq Ft Lot

Sale Details

Date Sold: January 2, 2019

Last sale price $1,950,000 $387 Per Sq Ft

210 Days on Market

About This Home

As of January 2019

Rare opportunity to own a 14 unit residential income in Long Beach! Located near the 405 and 710 freeway in the highly desirable Bixby Knolls neighborhood in Long Beach. On site laundry and 6 garage spaces. Master meters for all utilities. All units are leased out. This is a growing and highly sought after part of town with Trader Joes across the street and Virginia country club just a few blocks down. Inquire for more information today.

Last Agent to Sell the Property

Brian Ngoy

Real Brokerage Technologies License #01821280 Listed on: 03/22/2018

Last Buyer's Agent

Bradley Johnson

Bradley Johnson, Broker License #01896130

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 10,623 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 5,041 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 4333
  • Assessor Parcel Number 7139008016

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • Electric Expense $5,562
  • Fuel Expense $2,583
  • Gardener Expense $1,140
  • Insurance Expense $2,290
  • Maintenance Expense $14,180
  • Pest Control $664
  • Professional Management Expense $8,129
  • Supplies Expense $558
  • Trash Expense $2,748
  • Water Sewer Expense $1,923
  • New Taxes Expense $28,000
  • Operating Expense $39,282
  • Gross Income $142,962
  • Net Operating Income $103,679

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

10,623 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 8129.00
  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Supplies Expense: 557.86
  • Water Sewer Expenses: 1923.00
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 7139008016
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 386.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Pest Control Expense: 664.00
  • Sewer: Public Sewer
  • Trash Expense: 2748.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10623.00
  • Lot Size Acres: 0.2439

Multi Family

  • Average1 Bed Area: 1300 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 5562.00
  • Fuel Expense: 2583.00
  • Gross Income: 142962.00
  • Gross Scheduled Income: 142962.00
  • Insurance Expense: 2290.00
  • Lot Size Area: 10623.0000 Square Feet
  • Maintenance Expense: 14180.00
  • Maintenance Percent: 9.90
  • Net Operating Income: 103679.00
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 39282.00
  • Rent Control: No
  • Total Expenses: 39282.00

Tax Info

  • New Taxes Expense: 28000.00
  • Tax Census Tract: 5719.00
  • Tax Lot: 7
  • Tax Tract Number: 4333

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
0.048%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2013
Sold by
Bought by

Purchase Details

Closed on
May 2, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0574%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0786%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$1,950,000 Fidelity National Title Comp
-- Old Republic Title
$342,000 Chicago Title Co
-- Diversified Title & Escrow S
-- First American Title Co
-- First American Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,140,000
Previous Owner $975,000
Previous Owner $825,000
Previous Owner $300,000
Source: Public Records

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
01/02/2019 01/02/19 Sold $1,950,000 -11.4% $387 / Sq Ft
12/17/2018 12/17/18 For Sale $2,200,000 0.0% $436 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
06/08/2018 06/08/18 Price Changed $2,200,000 +10.1% $436 / Sq Ft
03/22/2018 03/22/18 For Sale $1,999,000 -- $397 / 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
2025 $30,147 $2,175,257 $1,115,517 $1,059,740
2024 $28,838 $2,132,606 $1,093,645 $1,038,961
2023 $28,329 $2,090,791 $1,072,201 $1,018,590
2022 $26,605 $2,049,796 $1,051,178 $998,618
2021 $26,053 $2,009,605 $1,030,567 $979,038
2020 $25,988 $1,992,000 $1,020,000 $972,000
2019 $27,631 $1,953,000 $1,000,000 $953,000
2018 $14,264 $1,026,498 $511,749 $514,749
2016 $13,155 $983,756 $491,878 $491,878
2015 $12,655 $968,980 $484,490 $484,490
2014 $12,636 $950,000 $475,000 $475,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18065828

California Regional Multiple Listing Service (CRMLS)
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