Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
13 in this area
71 Total Sales
420 Almond Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
3
Beds
3
Baths
5,392
Sq Ft
6,772
Sq Ft Lot
Highlights
- 0.16 Acre Lot
- Laundry Room
- 3-minute walk to Miracle On Fourth Street Park
- Long Beach Polytechnic High School Rated A
About This Home
As of May 2024420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.90 GRM and 5.56% cap rate on current rents. The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion.Eight of the nine units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 01/09/2024
Last Buyer's Agent
Keller Williams Realty Downey License #01456379 Listed on: 01/09/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 6,772 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,392 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 5765
- Assessor Parcel Number 7266015022
- $1,044 per year additional tax assessments
Community Details
Overview
- 9 Units
- Alamitos Beach Subdivision
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,128
- Fuel Expense $1,128
- Gardener Expense $1,200
- Insurance Expense $5,400
- Maintenance Expense $6,300
- Other Expense $2,700
- Pest Control $900
- Professional Management Expense $9,373
- Trash Expense $1,128
- Water Sewer Expense $1,128
- New Taxes Expense $28,570
- Operating Expense $59,655
- Gross Income $187,462
- Net Operating Income $127,807
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $2,125,000 | -7.6% | $394 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 03/28/2024 03/28/24 | Price Changed | $2,300,000 | -4.0% | $427 / Sq Ft |
| 02/16/2024 02/16/24 | Price Changed | $2,395,000 | -2.2% | $444 / Sq Ft |
| 01/09/2024 01/09/24 | For Sale | $2,450,000 | -- | $454 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23227566
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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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