NOT LISTED FOR SALE
1 Bed
3 Baths
14,406 Sq Ft
5,998 Sq Ft Lot

Sale Details

Date Sold: September 6, 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

5,998 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 6.83
  • 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

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
Jun 3, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2013
Sold by
Bought by

Purchase Details

Listed on
Jun 13, 2011
Closed on
Oct 12, 2012
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$2,875,000
Sold Price
$2,500,000
Premium/Discount to List
-$375,000
-13.04%

Purchase Details

Closed on
May 21, 2012
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
$1,750,000
Interest Rate
0.0347%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2004
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
$700,000
Interest Rate
0.0539%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2002
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
$701,250
Interest Rate
0.0616%
Mortgage Type
Commercial
Source: Public Records
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

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
-- None Available
-- None Available
-- None Available
$2,500,000 Lawyers Title
-- Chicago Title Co
-- American Title Co
$932,500 American Title Co
$935,000 Fidelity National Title
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 $3,280,000
Closed $2,242,000
Previous Owner $1,750,000
Previous Owner $169,154
Previous Owner $2,130,000
Previous Owner $3,354,000
Previous Owner $340,000
Previous Owner $150,000
Previous Owner $1,902,475
Previous Owner $700,000
Previous Owner $701,250
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
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

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 $44,111 $3,078,561 $2,154,996 $923,565
2024 $42,121 $3,018,198 $2,112,742 $905,456
2023 $41,363 $2,959,018 $2,071,316 $887,702
2022 $38,869 $2,900,999 $2,030,702 $870,297
2021 $37,994 $2,844,118 $1,990,885 $853,233
2019 $37,449 $2,777,762 $1,931,835 $845,927
2018 $36,605 $2,723,650 $1,893,956 $829,694
2016 $33,688 $2,600,588 $1,820,412 $780,176
2015 $32,382 $2,561,526 $1,793,068 $768,458
2014 $32,246 $2,511,350 $1,757,945 $753,405
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P786561

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.