NOT LISTED FOR SALE
7 Beds
7 Baths
3,270 Sq Ft
0.26 Acres

Last Sold July 25, 2016

Last sale price $777,000 $238 Per Sq Ft

26 Days on Market

Highlights

  • 11,250 Sq Ft lot
  • 1-Story Property
  • 3-minute walk to Burton W. Chace Park

About This Home

As of July 2016

!!!!! 7 UNIT BUILDING ON Extra Large Lot , All on 1 level in a garden setting . This property is being offered for the 1st time in approximately 18 years . There are 6 garages in the back with its own area . There is a large fenced in yard . This building is close to public transportation, shops , freeways . !!!!!!

Last Agent to Sell the Property

Marty Eisenberg

Coldwell Banker Realty License #00801228 Listed on: 06/18/2016

Coldwell Banker Realty

Last Buyer's Agent

Marc Desbans

Marc Desbans, Broker License #01259510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,270 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 126
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131007028

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,500
  • Professional Management Expense $3,600
  • Trash Expense $500
  • Water Sewer Expense $1,350
  • New Taxes Expense $10,612
  • Gross Income $4,865
  • Net Operating Income $37,947

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0.26 Acres

Parking

6

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1350.00
  • Property Type: Residential Income
  • Parcel Number: 7131007028
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 237.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11250.00
  • Price Per Lot Square Foot: 69.07

Multi Family

  • Average1 Bed Area: 467
  • Electric Expense: 1200.00
  • Gross Income: 4865.00
  • Gross Scheduled Income: 58380.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 37947.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 20433.00
  • Operating Expense Percent: 35.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Lot: 126
  • Tax Tract Number: 5134
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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
07/25/2016 07/25/16 Sold $777,000 0.0% $238 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/06/2016 07/06/16 Price Changed $777,000 -8.5% $238 / Sq Ft
06/18/2016 06/18/16 For Sale $849,000 -- $260 / 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 $12,235 $901,769 $391,114 $510,655
2024 $12,235 $884,089 $383,446 $500,643
2023 $21,146 $1,600,000 $600,000 $1,000,000
2022 $11,306 $849,760 $368,557 $481,203
2021 $11,067 $833,099 $361,331 $471,768
2020 $11,039 $824,857 $357,626 $467,231
2019 $10,911 $808,690 $350,614 $458,076
2018 $10,509 $792,840 $343,740 $449,100
2016 $3,475 $225,239 $94,410 $130,829
2015 $3,356 $221,856 $92,992 $128,864
2014 $3,377 $217,511 $91,171 $126,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16132099

California Regional Multiple Listing Service (CRMLS)
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