NOT LISTED FOR SALE
5 Beds
5 Baths
12,980 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: March 29, 2017

Last sale price $3,650,000 $281 Per Sq Ft

49 Days on Market

About This Home

As of March 2017

533 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

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 13,292 Sq Ft 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.31 Acres

Parking

20

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Unknown
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274001040
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 281.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 20.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 13292.00

Multi Family

  • Gross Scheduled Income: 258444.00
  • Net Operating Income: 151931.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Units Total: 18
  • Operating Expense: 102736.00
  • Rent Control: No
  • Total Expenses: 102736.00

Tax Info

  • Tax Census Tract: 5763.01
  • Tax Lot: 040
  • Tax Tract Number: 001

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2019
Sold by
Bought by

Purchase Details

Listed on
Dec 12, 2016
Closed on
Feb 1, 2017
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Jon Swire
The Agency
List Price
$3,960,000
Sold Price
$3,650,000
Premium/Discount to List
-$310,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,298,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Saint Mary's, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$3,590,000 Chicago Title Company
-- --
-- First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,300,000
Closed $5,831,250
Previous Owner $2,850,000
Previous Owner $3,298,000
Previous Owner $24,250,000
Previous Owner $1,765,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $56,805 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16761710

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.