NOT LISTED FOR SALE
14 Beds
14 Baths
8,494 Sq Ft
10,798 Sq Ft Lot

Last Sold May 07, 2015

Last sale price $1,900,000 $224 Per Sq Ft

3 Days on Market

About This Home

As of May 2015

Excellent investor oportunity being offered for the first time in over 30 years, in Prime Bixby Knolls area of Long Beach. Pride of ownership building with great unit mix, below market rents, and no rent control! This all electric building is individually metered. Each unit with its own water heater. Low maintenance(no pool or elevator). Abundant parking, Large 10798 square foot lot, tastefully landscaped. Close to shops, restaurants, and virginia Golf course. Community laundry room with seller owned washer and dryer. Drive by only. Interior inspection with accepted offer.

Last Agent to Sell the Property

Joseph Schiro

Plush Home Int'l Realty License #01162621 Listed on: 04/12/2015

Last Buyer's Agent

Greg Davtyan

Greg Davtyan License #00960338

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 10,798 Sq Ft Lot

Parking

  • 10 Car Garage

Home Design

  • 8,494 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Utilities

  • Radiant Heating System
  • Electric Water Heater

Community Details

  • 10 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for water
  • Assessor Parcel Number 7139-008-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8494
  • Year Built: 1972
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Laundry Equipment: Own
  • Total Bathrooms: 14.00
  • Den: 0
  • Price Per S Q F T: 211.80

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 10

Utilities

  • Water Heater: Electric
  • Electric Expense: 1620.00
  • Heating: Radiant
  • Water Expense: 4800.00

Fee Information

  • Insurance Expense: 2700.00
  • Maintenance Expense: 6000.00

Lot Info

  • Assessed Improvement Value: 624089
  • Assessed Land Value: 175098
  • Assessor Parcel Number: 7139-008-015
  • Geocode Override: No
  • Lot Size Area: 10798

Rental Info

  • Total Actual Rent: 145980.00
  • Owner Pays: Water
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 12.32
  • Number Of Units: 10
  • Rent Control: 0
  • Total Annual Expense: 41377.00
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 23207.00

Range of Values:

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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
05/07/2015 05/07/15 Sold $1,900,000 +5.6% $224 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
04/12/2015 04/12/15 For Sale $1,799,000 -- $212 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-895737

The MLS