S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
2 in this area
88 Total Sales
533 E 11th St Long Beach, CA 90813
Saint Mary's Neighborhood
5
Beds
5
Baths
12,980
Sq Ft
0.31
Acres
About This Home
As of March 2017533 East 11th Street is an 18-unit apartment building in Long Beach, California. The property is less than one-half of a mile from
Long Beach Polytechnic High School and less than one block from St. Mary Medical Center, a major employment center. The property is also conveniently near the 710 Freeway.
The offering includes one two-story building that contains one one-bedroom/one-bath unit, and 17 two-bedroom/two-bath units, 12 of which are lofts and demand higher rents. The property also features on-site laundry and 10 two-car garages, as well as seven open parking spaces.
80’s construction buildings are seen as prime assets because they tend to have larger units, demand higher rents, and on average have significantly lower operating and long-term maintenance expenses. These advantages, along with potential upside in rents and a location in a dense rental market, make 533 East 11th Street a great investment opportunity.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 0.31 Acre Lot
- No Common Walls
- Density is 16-20 Units/Acre
Parking
- 20 Car Garage
Home Design
- 12,980 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 040
- Tax Tract Number 1
- Assessor Parcel Number 7274001040
Community Details
Overview
- 18 Units
Building Details
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- Operating Expense $102,736
- Net Operating Income $151,931
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/29/2017 03/29/17 | Sold | $3,650,000 | -3.9% | $281 / Sq Ft |
| 01/30/2017 01/30/17 | Pending | -- | -- | -- |
| 01/04/2017 01/04/17 | Price Changed | $3,800,000 | -4.0% | $293 / Sq Ft |
| 12/12/2016 12/12/16 | For Sale | $3,960,000 | -- | $305 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $54,302 | $4,166,500 | $2,913,070 | $1,253,430 |
| 2024 | $54,302 | $4,084,804 | $2,855,951 | $1,228,853 |
| 2023 | $53,375 | $4,004,710 | $2,799,952 | $1,204,758 |
| 2022 | $50,114 | $3,926,187 | $2,745,051 | $1,181,136 |
| 2021 | $49,079 | $3,849,204 | $2,691,227 | $1,157,977 |
| 2019 | $48,380 | $3,747,086 | $2,611,404 | $1,135,682 |
| 2018 | $47,119 | $3,673,850 | $2,560,200 | $1,113,650 |
| 2016 | $17,364 | $1,272,888 | $254,573 | $1,018,315 |
| 2015 | $16,715 | $1,253,769 | $250,750 | $1,003,019 |
| 2014 | $16,690 | $1,229,211 | $245,839 | $983,372 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Jon Swire
Buyer's Agent in 2017
Jon Swire
The Agency
(310) 948-2631
2 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16761710
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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