NOT LISTED FOR SALE
7 Beds
7 Baths
3,804 Sq Ft
4,731 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $2,025,000 $532 Per Sq Ft

7 Days on Market

About This Home

As of May 2021

Pleased to present an opportunity to acquire a 7-Unit building that is situated on a 4,730 square foot lot located in the city Long Beach, CA. The property is composed of (1) 2-bedroom/1-bath, (5) 1-bedroom/1-bathroom & (1) Studio unit (the studio unit is non-conforming). Property was constructed in 1955. Public transportation, schools, support facilities and employment centers are all in close proximity. The property is located approximately 2 blocks from the Pacific Ocean and about 1 block southwest of 2nd Street. On Ximeno Avenue there are 3-single car garages which are all rented out to current tenants. The property also has a washer & dryer. Each unit is individually metered for gas & electric. There is one water meter on the property which the tenants pay for. Two central water heaters & window mounted A/C units are located on the property.

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 05/03/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 05/03/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,730 Sq Ft Lot
  • Lot Dimensions are 90x53

Interior Spaces

  • 3,804 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • On-Street Parking

Utilities

  • Window Unit Cooling System

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water, trash collection
  • Assessor Parcel Number 7256-025-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

4,730 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3804
  • Lot Acreage: 0.1086
  • Lot Dimensions: 90x53
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Common Walls: Attached
  • Total Bathrooms: 7.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 506.05

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car, On street
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 68.86
  • Assessed Improvement Value: 650817
  • Assessed Land Percent: 31.14
  • Assessed Land Value: 294272
  • Total Assessed Value: 945089
  • Assessor Parcel Number: 7256-025-004
  • Lot Size Area: 4730

Rental Info

  • Tenant Pays: Electricity, Gas, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 15.36
  • Number Of Units: 7
  • Type Of Units: Income
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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
05/28/2021 05/28/21 Sold $2,025,000 +5.2% $532 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $1,925,000 -- $506 / Sq Ft
Source: The MLS

Tax History

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 $27,938 $2,191,923 $1,423,397 $768,526
2024 $27,938 $2,148,945 $1,395,488 $753,457
2023 $27,464 $2,106,810 $1,368,126 $738,684
2022 $25,768 $2,065,500 $1,341,300 $724,200
2021 $12,513 $954,879 $297,320 $657,559
2020 $12,481 $946,189 $294,272 $651,917
2019 $12,334 $927,658 $288,502 $639,156
2018 $11,986 $909,492 $282,846 $626,646
2016 $11,032 $873,119 $271,863 $601,256
2015 $10,599 $860,005 $267,780 $592,225
2014 $10,543 $843,160 $262,535 $580,625
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-725856

The MLS
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