NOT LISTED FOR SALE
14 Beds
10 Baths
6,912 Sq Ft
11,095 Sq Ft Lot

Last Sold April 19, 2022

Last sale price $2,650,000 $383 Per Sq Ft

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Dual Staircase
  • No HOA
  • 0.25 Acre Lot
  • Corner Lot
  • Cooling Available

About This Home

As of April 2022

70% of building (very high %) is Section 8 or Program tenants for guaranteed income! Building is professionally managed (month-to-month), on large corner lot, undergone recent improvements/upgrades including enhanced foundation and is separately metered for gas and electric. Additional upside for rents. Separate laundry room provides extra income. Located in very strong rental market and approx. 1 mile from the very popular “Bixby Knolls” which is an active community and exceptionally family-friendly neighborhood. Bixby Knolls has embraced neighborhood events from “First Fridays” to Kidical Mass bike rides & stroller groups. Businesses stay open late as folks stroll between restaurants, shops, and street-side booths while being entertained by live bands and entertainers. Bixby is also home to the Helen Borgers Theater, the Long Beach Shakespeare Company and the Historical Society of Long Beach. Bixby is undergoing a true “renaissance” with many great partnerships with the City of Long Beach, City Council, neighborhood associations and other community groups.

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Last Agent to Sell the Property

TERESA OWEN

Red Brick Realty, Inc. License #01447263 Listed on: 01/10/2022

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Tar and Gravel Roof

Interior Spaces

  • 6,912 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Laundry Room

Kitchen

  • Gas Range
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Wall Furnace
  • Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 27965
  • Assessor Parcel Number 7130010019
  • $1,821 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $2,000
  • Professional Management Expense $900
  • Trash Expense $200
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.25 Acres

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 900.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7130010019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 383.39
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Unknown
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11095.00
  • Lot Size Acres: 0.2547

Multi Family

  • Electric Expense: 50.00
  • Gross Scheduled Income: 185748.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11095.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5717.04
  • Tax Lot: 1
  • Tax Tract Number: 27965
  • TaxOtherAnnualAssessmentAmount: 1821.00
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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
04/19/2022 04/19/22 Sold $2,650,000 0.0% $383 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $2,650,000 +211.8% $383 / Sq Ft
05/01/2012 05/01/12 Sold $850,000 -22.7% $123 / Sq Ft View Prior Sale
03/17/2012 03/17/12 Pending -- -- --
09/12/2011 09/12/11 For Sale $1,100,000 -- $159 / 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 $36,264 $2,812,200 $583,664 $2,228,536
2024 $36,264 $2,757,060 $572,220 $2,184,840
2023 $35,649 $2,703,000 $561,000 $2,142,000
2022 $13,917 $1,006,059 $355,079 $650,980
2021 $13,596 $986,333 $348,117 $638,216
2019 $13,403 $958,720 $337,793 $620,927
2018 $12,911 $939,955 $331,170 $608,785
2016 $11,871 $901,881 $318,311 $583,570
2015 $11,418 $888,335 $313,530 $574,805
2014 $11,386 $870,935 $307,389 $563,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21269484

California Regional Multiple Listing Service (CRMLS)
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