NOT LISTED FOR SALE
7 Beds
7 Baths
3,804 Sq Ft
4,730 Sq Ft Lot

Sale Details

Date 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

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
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

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 $29,172 $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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