NOT LISTED FOR SALE

Estimated Value: $1,995,001 - $2,064,000

5 Beds
4 Baths
4,770 Sq Ft
$425/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $2,025,000 $425 Per Sq Ft

Current estimated payment $12,780/month

60 Days on Market

Highlights

  • 0.17 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of October 2023

Located in the East Village area of Long Beach, This Lower level 2 bed 1 bath beams with natural light. Featuring dual pane windows, in unit washer/dryer, A/C and warm wood tone vinyl plank flooring throughout. The kitchen is complete with quartz countertops, custom shaker cabinets, undermount sink and stainless steel appliances. Just minutes away from Shoreline village, Downtown Long Beach, Belmont Shore and Cal State Long Beach.

Appliances include: Washer/Dryer, Refrigerator, Stove, Dishwasher and Microwave

Parking available for additional fee

**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

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 08/11/2023

Keller Williams Realty Downey

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 08/11/2023

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,538 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,770 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 16 / 50
  • Tax Tract Number 5762
  • Assessor Parcel Number 7281003013
  • $1,431 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Downtown Subdivision

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Gardener Expense $1,200
  • Insurance Expense $4,000
  • Maintenance Expense $5,600
  • Other Expense $2,400
  • Pest Control $1,000
  • Professional Management Expense $9,236
  • Trash Expense $800
  • Water Sewer Expense $1,520
  • New Taxes Expense $28,187
  • Operating Expense $55,543
  • Gross Income $184,727
  • Net Operating Income $129,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,538 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 5.74
  • Professional Management Expense: 9236.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1520.00
  • Zoning: LBPD30
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7281003013
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 424.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7538.00
  • Lot Size Acres: 0.1730

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 184727.00
  • Gross Multiplier: 11.81
  • Gross Scheduled Income: 190440.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 7538.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 129184.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 55543.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 55543.00

Tax Info

  • New Taxes Expense: 28187.00
  • Tax Block: 50
  • Tax Census Tract: 5762.00
  • Tax Lot: 16
  • Tax Tract Number: 5762
  • TaxOtherAnnualAssessmentAmount: 1431.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 6, 2023
Sold by
Wsc Investment Partners Llc
Bought by
Dana And Kimberly Barata 2016 Trust and Tominaga
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$2,350,000
Sold Price
$2,025,000
Premium/Discount to List
-$325,000
-13.83%
Views
34
Current Estimated Value
$2,029,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,501
Avg. Annual Appreciation
0.09%

Purchase Details

Closed on
Jul 28, 2009
Sold by
Clarke David R and Clarke Michelle A
Bought by
Roscoe Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,487
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2003
Sold by
Crb-1
Bought by
Clarke David R and Clarke Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 2, 2001
Sold by
Tschida James R and Tschida Nancy M
Bought by
Crb-1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.63%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dana And Kimberly Barata 2016 Trust $2,025,000 Chicago Title Company
Roscoe Industries Inc -- Fidelity Van Nuys
Clarke David R $485,000 Ticor Title Company
Crb-1 Llc $390,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roscoe Industries Inc $419,487
Previous Owner Clarke David R $375,000
Previous Owner Crb-1 Llc $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2024 10/08/24 Off Market $2,195 -- --
10/08/2024 10/08/24 Off Market $2,195 -- --
09/21/2024 09/21/24 For Rent $2,195 0.0% --
09/21/2024 09/21/24 For Rent $2,195 0.0% --
10/19/2023 10/19/23 Sold $2,025,000 -10.0% $425 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $2,250,000 -4.3% $472 / Sq Ft
08/11/2023 08/11/23 For Sale $2,350,000 -- $493 / 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 $26,657 $2,065,500 $1,351,500 $714,000
2024 $26,657 $2,025,000 $1,325,000 $700,000
2023 $20,821 $1,552,797 $1,087,629 $465,168
2022 $19,553 $1,522,351 $1,066,303 $456,048
2021 $19,148 $1,492,502 $1,045,396 $447,106
2019 $18,875 $1,449,836 $1,014,390 $435,446
2018 $18,356 $1,421,440 $994,500 $426,940
2016 $10,885 $845,063 $588,818 $256,245
2015 $10,464 $832,370 $579,974 $252,396
2014 $10,425 $816,066 $568,614 $247,452
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23149014

California Regional Multiple Listing Service (CRMLS)

APN: 7281-003-013

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