NOT LISTED FOR SALE

539 E 11th St Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $2,026,000 - $2,656,799

3 Beds
2 Baths
5,712 Sq Ft
$410/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $1,485,000 $260 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $14,146/month

49 Days on Market

About This Home

As of March 2017

The property comprises a securely gated building that contains eight one-bedroom/one-bath and two two-bedroom/one-bath units, as well as five single-car garages. It also features on-site laundry.

539 East 11th Street is generating strong cash flow on current rents, making it a great opportunity for any investor.

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,446 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 5,712 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 037
  • Tax Tract Number 1
  • Assessor Parcel Number 7274001037

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Operating Expense $42,910
  • Gross Income $2,771
  • Net Operating Income $74,516

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274001037
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 259.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7446.00

Multi Family

  • Gross Income: 2771.00
  • Gross Scheduled Income: 118200.00
  • Net Operating Income: 74516.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 42910.00
  • Rent Control: No
  • Total Expenses: 42910.00

Tax Info

  • Tax Census Tract: 5763.01
  • Tax Lot: 037
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2019
Sold by
Amigo Properties Inc
Bought by
Ds Bay Properties Llc
Current Estimated Value
$2,341,400

Purchase Details

Listed on
Dec 12, 2016
Closed on
Feb 1, 2017
Sold by
Grieder Curtis P and Curtis P Grieder Trust
Bought by
Amigo Properties Inc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Jon Swire
The Agency
List Price
$1,550,000
Sold Price
$1,485,000
Premium/Discount to List
-$65,000
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$3,298,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2004
Sold by
Grieder Curtis P
Bought by
Grieder Curtis P and Curtis P Grieder Trust

Purchase Details

Closed on
Dec 8, 2003
Sold by
Grieder Curtis
Bought by
Grieder Curtis P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2001
Sold by
Beller Brian and Beller Rhonda
Bought by
Grieder Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,500
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ds Bay Properties Llc -- None Available
Amigo Properties Inc $1,485,000 Chicago Title Company
Grieder Curtis P -- --
Grieder Curtis P -- First American Title Co Los
Grieder Curtis $422,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amigo Properties Inc $3,298,000
Previous Owner Grieder Curtis P $557,000
Previous Owner Grieder Curtis $316,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2017 03/29/17 Sold $1,485,000 -4.2% $260 / Sq Ft
01/30/2017 01/30/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $1,550,000 -- $271 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $22,835 $1,723,463 $1,207,005 $516,458
2024 $22,835 $1,689,671 $1,183,339 $506,332
2023 $22,438 $1,656,541 $1,160,137 $496,404
2022 $21,077 $1,624,061 $1,137,390 $486,671
2021 $20,632 $1,592,218 $1,115,089 $477,129
2019 $20,337 $1,546,154 $1,082,016 $464,138
2018 $19,761 $1,515,860 $1,060,800 $455,060
2016 $7,441 $526,617 $149,747 $376,870
2015 $7,170 $518,708 $147,498 $371,210
2014 $7,173 $508,548 $144,609 $363,939
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    2 in this area

    88 Total Sales

    Steve Bogoyevac
    Section Image
  • Jon Swire

    Buyer's Agent in 2017

    Jon Swire

    The Agency

    (310) 948-2631

    2 in this area

    34 Total Sales

    Jon Swire
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16761901

California Regional Multiple Listing Service (CRMLS)

APN: 7274-001-037

California Los Angeles County Long Beach 90813 Saint Mary's

539 E 11th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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