NOT LISTED FOR SALE
6 Beds
4 Baths
3,907 Sq Ft
6,300 Sq Ft Lot

Sale Details

Date 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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2019
Sold by
Bought by

Purchase Details

Listed on
Mar 9, 2018
Closed on
Oct 1, 2018
Sold by
Bought by
Seller's Agent
Alan Wignall
First Team Real Estate
Buyer's Agent
Alan Wignall
First Team Real Estate
List Price
$1,700,000
Sold Price
$1,560,000
Premium/Discount to List
-$140,000
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 9, 2018
Closed on
Aug 29, 2018
Sold by
Bought by
Seller's Agent
Alan Wignall
First Team Real Estate
Buyer's Agent
Alan Wignall
First Team Real Estate
List Price
$1,700,000
Sold Price
$1,560,000
Premium/Discount to List
-$140,000
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,000
Interest Rate
0.045%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- Accommodation
-- None Available
$1,560,000 Western Resources Title
-- Western Resources Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,020,000
Closed $935,000
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
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

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 $13,792 $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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