NOT LISTED FOR SALE
6 Beds
5 Baths
2,971 Sq Ft
4,011 Sq Ft Lot Lot

Sale Details

Date Sold: November 22, 2019

Last sale price $1,340,000 $451 Per Sq Ft

178 Days on Market

Highlights

  • Golf Course Community
  • Bike Trail
  • Dog Park
  • Stanford Middle School Rated A-

About This Home

As of November 2019

5 unit multi-family investment property down the street from Cal State Long Beach and the Traffic Circle developments. Featuring one two-bed/one-bath and four one-bed/one bath units, each individually metered for gas, water and electric. A number of the units have been recently renovated, along with new windows and electrical. 5 on-site parking spots make this property very desirable to prospective tenants in the area.

Last Agent to Sell the Property

Travis Lebouf

Platinum Properties R.E. License #01938822 Listed on: 04/09/2019

Co-Listed By

Anthony Walker

Buckingham Investments, Inc License #01908153

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 4,011 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,971 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 15865
  • Assessor Parcel Number 7220020029

Community Details

Overview

  • 5 Units

Recreation

  • Golf Course Community
  • Dog Park
  • Bike Trail

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Operating Expense $32,681
  • Gross Income $88,020
  • Net Operating Income $50,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

4,011 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Parcel Number: 7220020029
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 451.03

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4011.00
  • Lot Size Acres: 0.0921

Multi Family

  • Gross Income: 88020.00
  • Gross Scheduled Income: 88020.00
  • Lot Size Area: 4011.0000 Square Feet
  • Net Operating Income: 50938.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 32681.00
  • Rent Control: No
  • Total Actual Rent: 7335.00
  • Total Expenses: 32681.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 15865
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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 Prior Sale
11/22/2019 11/22/19 Sold $1,340,000 -0.7% $451 / Sq Ft
09/27/2019 09/27/19 Price Changed $1,350,000 -3.6% $454 / Sq Ft
04/09/2019 04/09/19 For Sale $1,400,000 +47.4% $471 / Sq Ft
06/24/2016 06/24/16 Sold $949,750 -2.6% $320 / Sq Ft View Prior Sale
04/26/2016 04/26/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $975,000 -- $328 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,773 $1,476,418 $956,938 $519,480
2024 $18,918 $1,447,470 $938,175 $509,295
2023 $18,597 $1,419,089 $919,780 $499,309
2022 $17,448 $1,391,265 $901,746 $489,519
2021 $17,101 $1,363,986 $884,065 $479,921
2020 $17,056 $1,350,000 $875,000 $475,000
2019 $13,036 $1,007,881 $705,703 $302,178
2018 $12,581 $988,119 $691,866 $296,253
2016 $10,013 $815,000 $473,400 $341,600
2015 $8,907 $740,000 $429,800 $310,200
2014 $8,507 $695,000 $403,700 $291,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19080596

California Regional Multiple Listing Service (CRMLS)

APN: 7220-002-029

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