NOT LISTED FOR SALE
18 Beds
9 Baths
9,840 Sq Ft
10,428 Sq Ft Lot

Last Sold December 01, 2023

Last sale price $3,597,000 $366 Per Sq Ft

5 Days on Market

About This Home

As of December 2023

*MOVE IN SPECIAL: HALF (50%) OFF THE FIRST MONTH'S RENT IF LEASE BEGINS NO LATER THAN NOVEMBER 25th, 2024*

Located in North Long Beach, a short drive to the Bixby Knolls area of Long Beach, you'll find this newly remodeled upper-level two-bedroom apartment. This unit boasts a keen attention to detail, with wood-like flooring throughout and the modern kitchen with quartz countertops, white shaker cabinets, stainless steel appliances.

**Renters Insurance Required**

Must have verifiable rental history and income. No smoking. Ask about pets. No evictions please. This building is managed by a professional property management company.

To submit an application: please visit our website at or call our offices at to schedule a showing.

Nationwide Property Services Inc. does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, orientation, or military status, in any of its activities or operations.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 09/15/2023

Co-Listed By

Nick Gould

Morgan Skenderian License #01521955

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $45,615

Year Built

  • Built in 1961

Lot Details

  • 10,428 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 9,840 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Legal Lot and Block 44 / 18
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125032033
  • $2,608 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,250
  • Fuel Expense $2,250
  • Gardener Expense $750
  • Insurance Expense $3,424
  • Maintenance Expense $16,442
  • Other Expense $1,000
  • Pest Control $1,200
  • Trash Expense $2,250
  • Water Sewer Expense $2,250
  • New Taxes Expense $45,615
  • Operating Expense $92,039
  • Gross Income $7,500
  • Net Operating Income $244,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$45,615

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2250.00
  • Zoning: LBCMR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 7125032033
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 365.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 2250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10428.00
  • Lot Size Acres: 0.2394

Multi Family

  • Electric Expense: 2250.00
  • Fuel Expense: 2250.00
  • Gross Income: 7500.00
  • Gross Multiplier: 10.95
  • Gross Operating Income: 336724.00
  • Gross Scheduled Income: 347138.00
  • Insurance Expense: 3424.00
  • Lot Size Area: 10428.0000 Square Feet
  • Maintenance Expense: 16442.00
  • Net Operating Income: 244685.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 92039.00
  • Other Expense: 1000.00
  • Other Expense Description: admin
  • Other Income1: 7500.00
  • Other Income Description: rubs, laundry
  • Rent Control: Yes
  • Total Actual Rent: 28303.00
  • Total Expenses: 92039.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45615.00
  • Tax Block: 18
  • Tax Census Tract: 5703.03
  • Taxes Percent: 1.20
  • Tax Lot: 44
  • Tax Tract Number: 5992
  • Tax Annual Amount: 45615.00
  • TaxOtherAnnualAssessmentAmount: 2608.00

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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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
10/08/2024 10/08/24 Off Market $1,895 -- --
09/03/2024 09/03/24 For Rent $1,895 0.0% --
12/01/2023 12/01/23 Sold $3,597,000 -5.3% $366 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $3,800,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23173500

California Regional Multiple Listing Service (CRMLS)