NOT LISTED FOR SALE
4 Beds
3 Baths
9,280 Sq Ft
9,911 Sq Ft Lot

Sale Details

Date Sold: June 15, 2018

Last sale price $2,500,000 $269 Per Sq Ft

223 Days on Market

Highlights

  • 9,911 Sq Ft lot
  • Wood Flooring
  • Living Room
  • Open Floorplan
  • Corner Lot

About This Home

As of June 2018

The 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

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 08/10/2017

Keller Williams Realty Downey

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 08/10/2017

Keller Williams Realty Downey

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 in unit

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

9,911 Sq Ft Lot

Parking

10

Listing Details

  • Professional Management Expense: 11098.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Supplies Expense: 2625.00
  • Water Sewer Expenses: 2750.00
  • Zoning: LBCCA
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7127021030
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Price Per Square Foot: 269.40
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Cooktop, Refrigerator
  • Laundry Features: Community
  • Pest Control Expense: 500.00
  • Sewer: Unknown
  • Trash Expense: 2750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9911.00

Multi Family

  • Electric Expense: 2750.00
  • Gross Income: 233640.00
  • Gross Scheduled Income: 233640.00
  • Insurance Expense: 3712.00
  • Maintenance Expense: 5625.00
  • Net Operating Income: 221958.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 15
  • Number Of Units Total: 15
  • Operating Expense: 68138.00
  • Rent Control: No
  • Total Expenses: 68138.00

Tax Info

  • New Taxes Expense: 34628.00
  • Tax Census Tract: 5703.04
  • Tax Lot: 16
  • Tax Tract Number: 5703
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $40,425 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17184178

California Regional Multiple Listing Service (CRMLS)
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