NOT LISTED FOR SALE

419 E 6th St Long Beach, CA 90802

East Village Neighborhood
1 Bed
3 Baths
14,406 Sq Ft
5,998 Sq Ft Lot

Last Sold September 06, 2012

Last sale price $2,500,000 $174 Per Sq Ft

329 Days on Market

Highlights

  • City Lights View
  • 3-minute walk to 5Th Street Station
  • Granite Countertops
  • Long Beach Polytechnic High School Rated A
  • 0.14 Acre Lot
  • No Heating

About This Home

As of September 2012

419-421 East 6th Street is a great opportunity and exceptional turnkey property located in a first rate rental market. With nearly $1.4 million spent in renovation in 2007, this property has been completely remodeled and extensively upgraded to a level of luxury living. The units have been outfitted with granite countertops, brand new kitchens, dark wood cabinets, brand new stainless steel appliances including dishwashers, washers and dryers, ceilings fans, brand new bathrooms, and carpet. The property consists of a unit mix of 12 singles, four one-bedroom/one-bath units, four lofts, three live/work units, one house, and one penthouse suite featuring an elevator for easy access. The building is a separately metered all electric building . The property is constructed of poured in-place concrete and steel and has been earthquake retrofitted as well as lead certified.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/13/2011

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/13/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Dimensions are 40x150

Home Design

  • Block Foundation
  • Slab Foundation
  • Pre-Cast Concrete Construction

Interior Spaces

  • 14,406 Sq Ft Home
  • City Lights Views

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 21 / 44
  • Assessor Parcel Number 7273028014

Community Details

Overview

  • 25 Units

Building Details

  • 25 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $6,678
  • Insurance Expense $8,968
  • Maintenance Expense $9,256
  • Other Expense $1,500
  • Water Sewer Expense $7,879
  • New Taxes Expense $33,912
  • Gross Income $23,750
  • Net Operating Income $182,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.83
  • Price Per Unit: 115000
  • View: Yes
  • Water Sewer Expenses: 7879.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7273028014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Appliances: No
  • Price Per Square Foot: 173.54

Exterior Features

  • Foundation: Block, Slab
  • View: City Lights
  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Laundry Features: Dryer Included, Washer Included

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 40x150
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 6678.00
  • Gross Income: 23750.00
  • Gross Multiplier: 9.39
  • Gross Scheduled Income: 285000.00
  • Insurance Expense: 8968.00
  • Lot Size Area: 5998.0000 Square Feet
  • Maintenance Expense: 9256.00
  • Net Operating Income: 182680.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 25
  • Operating Expense: 88295.00
  • Other Expense: 1500.00

Tax Info

  • New Taxes Expense: 33912.00
  • Tax Area: 11933
  • Tax Block: 44
  • Tax Lot: 21
  • Tax Tract: Downtown

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2012 09/06/12 Sold $2,500,000 -13.0% $174 / Sq Ft
05/07/2012 05/07/12 Pending -- -- --
06/13/2011 06/13/11 For Sale $2,875,000 -- $200 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    94 Total Sales

    Steve Bogoyevac
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P786561

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 East Village

419 E 6th St, Long Beach, CA

This home is located at 419 E 6th St, Long Beach, CA 90802 since 13 June 2011. This property was built in 1923. 419 E 6th St is a home located in Los Angeles County with nearby schools including Oropeza Elementary, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes