NOT LISTED FOR SALE

436 E 16th St Long Beach, CA 90813

Central Neighborhood
12 Beds
8 Baths
7,488 Sq Ft
6,482 Sq Ft Lot

Last Sold October 12, 2017

Last sale price $1,600,000 $214 Per Sq Ft

18 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2017

The subject property is comprised of two 4 unit buildings on one parcel. The front building located on corner of Linden and 16th Street, is made up of (4) 2bd/1bth units. The units are large, approx. 1032 SF and include washer and dryer hook ups. The second 4 unit structure located directly behind and facing 16th Street, is made up of (4) 1bd/1bth units, approx. 860 SF. All 8 units are currently generating $9,700 per month, which is only $1.29 per SF. Substantial upside in rental income.

Property located at 436 E. 16th Street on the corner of Linden Ave. and 16th Street. The property is located close to the major intersection of Atlantic Ave. and Anaheim Street. The property is directly across the street from the brand new $49.6 million Roosevelt Elementary School. Roosevelt Elementary is grades K through 5 and serves approximately 1,100 students

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 08/18/2017

Last Buyer's Agent

Jeffrey Billinger

The Hills Premier Realty, Inc. License #01475932

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,482 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Property Attached

Interior Spaces

  • 7,488 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269024009

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $9,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7269024009
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 213.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 6482.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 860 Square Feet
  • Average2 Bed Area: 1032 Square Feet
  • Gross Income: 9700.00
  • Gross Scheduled Income: 116400.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 8
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5753.00
  • Tax Lot: 1
  • Tax Tract Number: 5753

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/12/2017 10/12/17 Sold $1,600,000 -4.5% $214 / Sq Ft
08/18/2017 08/18/17 For Sale $1,675,000 -- $224 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2017

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    52 Total Sales

    Spencer Pabst
    Section Image
  • Jeffrey Billinger

    Buyer's Agent in 2017

    Jeffrey Billinger

    The Hills Premier Realty, Inc.

    (310) 220-5478

    52 Total Sales

    Jeffrey Billinger
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17191708

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Central

436 E 16th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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