NOT LISTED FOR SALE
6 Beds
4 Baths
3,907 Sq Ft
1922 Built

Last Sold October 12, 2018

Last sale price $1,560,000 $399 Per Sq Ft

154 Days on Market

Highlights

  • 6,300 Sq Ft lot
  • Craftsman Architecture
  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of October 2018

Subject property consists of a 4 1 bedroom units with unit addresses 510, 512, 514, 516 all located on Rose. The 3 Bedroom 1 & 1/4 Bath house on the corner of E. 5th and Rose is 500 E. Rose. There is a 2 bedroom 1 bath house on 5th st. next door to the corner house that has an address of 1811 E. 5th St. Behind this house and over the garages is a 1 Bedroom unit with the address of 1809 E. 5th St. 7 rentals in total. The houses and units are in nice condition. Plenty of parking spaces on driveway and between the houses and units as well as a large parking area behind the units. Separate meters for electrical and gas and all have separate hot water heaters. Storage shed on the property. There is a grass lawn area between the corner house and the units behind.

Last Agent to Sell the Property

Alan Wignall

First Team Real Estate License #00373345 Listed on: 03/09/2018

First Team Real Estate

Last Buyer's Agent

Alan Wignall

First Team Real Estate License #00373345 Listed on: 03/09/2018

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,300 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Private Yard
  • Front Yard
  • 7266025009

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Parking Lot
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Property Attached
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,907 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Utility Room
  • Laundry in Kitchen
  • Neighborhood Views
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Shed
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 2
  • Assessor Parcel Number 7266025011

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $1,623
  • Gardener Expense $1,400
  • Insurance Expense $3,145
  • Maintenance Expense $3,728
  • Professional Management Expense $600
  • Water Sewer Expense $3,115
  • Operating Expense $13,886
  • Gross Income $67,212
  • Net Operating Income $9,561

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

6,300 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 3115.00
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 7266025011
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 399.28
  • Room Type: Kitchen, Living Room, Utility Room

Exterior Features

  • Other Structures: Shed(s)
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Off Street, On Site, Parking Space, Private
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Common Area, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 7266025009
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Yard
  • Lot Size Sq Ft: 6300.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1623.00
  • Garage Income: 300.00
  • Gross Income: 67212.00
  • Gross Scheduled Income: 67212.00
  • Insurance Expense: 3145.00
  • Maintenance Expense: 3728.00
  • Maintenance Percent: 5.55
  • Net Operating Income: 9560.92
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 36152.80
  • Operating Expense Percent: 85.78
  • Rent Control: No
  • Total Actual Rent: 5820.00
  • Total Expenses: 13886.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 7
  • Tax Tract Number: 2
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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
10/12/2018 10/12/18 Sold $1,560,000 -8.2% $399 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $1,700,000 -- $435 / 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 $13,186 $998,384 $557,756 $440,628
2024 $13,186 $978,809 $546,820 $431,989
2023 $12,960 $959,618 $536,099 $423,519
2022 $12,175 $940,803 $525,588 $415,215
2021 $11,917 $922,357 $515,283 $407,074
2020 $11,886 $913,300 $510,000 $403,300
2019 $11,747 $895,400 $500,000 $395,400
2018 $1,603 $71,881 $31,001 $40,880
2016 $1,461 $68,708 $29,799 $38,909
2015 $1,421 $67,677 $29,352 $38,325
2014 $1,443 $66,353 $28,778 $37,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18053366

California Regional Multiple Listing Service (CRMLS)
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