NOT LISTED FOR SALE

532 E Esther St Long Beach, CA 90813

Central Neighborhood
1 Bed
2 Baths
6,541 Sq Ft
6,136 Sq Ft Lot

Last Sold January 10, 2013

Last sale price $950,000 $145 Per Sq Ft

38 Days on Market

Highlights

  • Spanish Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of January 2013

The subject property is one building that is two stories tall. It was built upon a raised foundation and has a flat roof. There is a total of twelve units at the property that consist of four studios and eight, one-bedroom/one-bathroom units. The property also boasts a gated entry way and copper plumbing. 532 East Esther Street is in excellent condition, having recently been through renovations on both the interior and exterior. The property is also separately metered for gas and electricity. There have been numerous renovations done to the property over the past three years, totaling a little over $300,000. An itemized budget is included in the marketing package.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/23/2012

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/23/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,136

Home Design

  • 6,541 Sq Ft Home
  • Spanish Architecture
  • Stucco

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • 6,136 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 28
  • Assessor Parcel Number 7269034009

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Electric Expense $420
  • Insurance Expense $3,208
  • Maintenance Expense $5,211
  • Other Expense $3,000
  • Professional Management Expense $6,063
  • Trash Expense $175
  • Water Sewer Expense $2,730
  • New Taxes Expense $12,664
  • Gross Income $8,875
  • Net Operating Income $66,441

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.71
  • Professional Management Expense: 6063.00
  • View: No
  • Water Sewer Expenses: 2730.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7269034009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 145.24

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 175.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6136.00
  • Lot Size Acres: 0.1410

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 8875.00
  • Gross Multiplier: 9.48
  • Gross Scheduled Income: 104460.00
  • Insurance Expense: 3208.00
  • Maintenance Expense: 5211.00
  • Net Operating Income: 66441.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Total: 12
  • Operating Expense: 34836.00
  • Other Expense: 3000.00
  • Other Expense Description: Res/Repl

Tax Info

  • New Taxes Expense: 12664.00
  • Tax Area: 11933
  • Tax Lot: 28
  • Tax Tract Number: 28

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2013 01/10/13 Sold $950,000 -4.0% $145 / Sq Ft
11/30/2012 11/30/12 Pending -- -- --
10/23/2012 10/23/12 For Sale $990,000 0.0% $151 / Sq Ft
06/01/2012 06/01/12 Rented $650 0.0% --
06/01/2012 06/01/12 Under Contract -- -- --
05/16/2012 05/16/12 For Rent $650 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    2 in this area

    89 Total Sales

    Steve Bogoyevac
    Section Image

  • R

    Seller's Agent in 2012

    Ryan Young

    CalPac Management, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P838955

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Central

532 E Esther St, Long Beach, CA

Not Listed for Sale

MultiFamily

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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