Seller's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
74 Total Sales
5493 Atlantic Ave Long Beach, CA 90805
Dairy Neighborhood
4
Beds
3
Baths
9,280
Sq Ft
9,911
Sq Ft Lot
Highlights
- 9,911 Sq Ft lot
- Wood Flooring
- Living Room
- Open Floorplan
- Corner Lot
- Laundry Room
About This Home
As of June 2018The Atlantic Avenue Apartments is a 15-unit apartment community located in the North Long Beach submarket. Comprised of two buildings situated on a 9,911 sq ft parcel, the property consists of fourteen 1bed/1bath units and one 3 bed/2 bath unit. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 08/10/2017
Last Buyer's Agent
Keller Williams Realty Downey License #01456379 Listed on: 08/10/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 9,911 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 10 Car Garage
Home Design
- Property Attached
Interior Spaces
- 9,280 Sq Ft Home
- Open Floorplan
- Living Room
- Electric Cooktop
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 5703
- Assessor Parcel Number 7127021030
Community Details
Overview
- 2 Buildings
- 15 Units
Amenities
- Laundry Facilities
Building Details
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 15 Separate Water Meters
- Electric Expense $2,750
- Gardener Expense $1,200
- Insurance Expense $3,712
- Maintenance Expense $5,625
- Pest Control $500
- Professional Management Expense $11,098
- Supplies Expense $2,625
- Trash Expense $2,750
- Water Sewer Expense $2,750
- New Taxes Expense $34,628
- Operating Expense $68,138
- Gross Income $233,640
- Net Operating Income $221,958
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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 |
|---|---|---|---|---|
| 06/15/2018 06/15/18 | Sold | $2,500,000 | -10.4% | $269 / Sq Ft |
| 03/21/2018 03/21/18 | Pending | -- | -- | -- |
| 08/10/2017 08/10/17 | For Sale | $2,790,000 | -- | $301 / 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 | $38,659 | $2,844,570 | $568,913 | $2,275,657 |
| 2024 | $38,659 | $2,788,795 | $557,758 | $2,231,037 |
| 2023 | $37,960 | $2,734,114 | $546,822 | $2,187,292 |
| 2022 | $35,577 | $2,680,504 | $536,100 | $2,144,404 |
| 2021 | $34,521 | $2,627,946 | $525,589 | $2,102,357 |
| 2019 | $34,007 | $2,550,000 | $510,000 | $2,040,000 |
| 2018 | $23,607 | $1,711,148 | $369,691 | $1,341,457 |
| 2016 | $21,386 | $1,644,704 | $355,337 | $1,289,367 |
| 2015 | $20,567 | $1,620,000 | $350,000 | $1,270,000 |
| 2014 | $7,165 | $416,825 | $89,782 | $327,043 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17184178
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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