NOT LISTED FOR SALE
1 Bed
1 Bath
9,964 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: October 16, 2019

Last sale price $2,931,000 $294 Per Sq Ft

15 Days on Market

About This Home

As of October 2019

pleased to present 540 East 64th Street in Long Beach. This value-add asset is located within the Jordan neighborhood of Long Beach. This exciting investment opportunity is proximate to the 710 & 91 freeways, Blueline and Long Beach Airport allowing for easy access to transportation to major business hubs.

540 East 64th Street is a two-story apartment building built in 1960. This unique sixteen-unit apartment building is
comprised of sixteen (16) large one-bedroom/one-bathroom units totaling 9,964 square feet. There are sixteen (16)
carport parking spaces, an on-site laundry room and secure gated entry. This is a true value-add opportunity and a pride of ownership building where the units have been held in great condition over the years.

Last Agent to Sell the Property

Nico Rosmarin

Lyon Stahl Investment Real Estate, Inc. License #02023847 Listed on: 07/15/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Last Buyer's Agent

Nico Rosmarin

Lyon Stahl Investment Real Estate, Inc. License #02023847 Listed on: 07/15/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 13,756 Sq Ft Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 9,964 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 16 Parking Spaces
  • 16 Carport Spaces
  • Parking Available

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 23815
  • Assessor Parcel Number 7115028002

Community Details

Building Details

  • 16 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $34,669
  • Operating Expense $75,869
  • Gross Income $1,800
  • Net Operating Income $112,171

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.32 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7115028002
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 294.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 13756.00
  • Lot Size Acres: 0.3158

Multi Family

  • Gross Income: 1800.00
  • Gross Operating Income: 188040.00
  • Gross Scheduled Income: 193800.00
  • Laundry Income: 150.00
  • Lot Size Area: 13756.0000 Square Feet
  • Net Operating Income: 112171.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 75869.00
  • Other Income Description: Laundry approx $150/month
  • Rent Control: No
  • Total Actual Rent: 16000.00
  • Total Expenses: 75869.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 34669.00
  • Tax Census Tract: 5703.01
  • Tax Lot: 4
  • Tax Tract Number: 23815

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

Listed on
Jul 15, 2019
Closed on
Aug 29, 2019
Sold by
Bought by
Seller's Agent
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,815,000
Sold Price
$2,931,000
Premium/Discount to List
$116,000
4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620,000
Interest Rate
0.034%

Purchase Details

Closed on
Apr 20, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,500
Interest Rate
0.0771%
Mortgage Type
Commercial
Source: Public Records
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,931,000 Chicago Title Company
-- None Available
$466,000 North 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 $2,000,000
Closed $1,620,000
Previous Owner $302,500
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
10/16/2019 10/16/19 Sold $2,931,000 +4.1% $294 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $2,815,000 -- $283 / 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 $44,404 $3,205,471 $722,897 $2,482,574
2024 $42,440 $3,142,620 $708,723 $2,433,897
2023 $41,699 $3,081,001 $694,827 $2,386,174
2022 $40,699 $3,020,590 $681,203 $2,339,387
2021 $38,124 $2,961,364 $667,847 $2,293,517
2019 $10,137 $614,447 $155,335 $459,112
2018 $9,688 $602,436 $152,290 $450,146
2016 $8,800 $577,314 $146,377 $430,937
2015 $8,495 $568,643 $144,179 $424,464
2014 $8,527 $557,505 $141,355 $416,150
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: SB19167290

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

Ask me questions while you tour the home.