Seller's Agent in 2015
Brian Kim
Nexteam Real Estate
(714) 367-1300
33 Total Sales
570 E Pleasant St Long Beach, CA 90805
Addams Neighborhood
9
Beds
5
Baths
12,810
Sq Ft
0.32
Acres
Highlights
- 0.32 Acre Lot
- No HOA
- Laundry Room
About This Home
As of January 2015Fully Occupied and Well Maintained 17 U. Income Property in Quiet Cul-De-Sac, *** 2 Buildings Consist of 13-2BR and 4-1BR, *** Gated Entrance For Tenant's Safety, *** Comparatively Lower Than Market Rent *** Huge Upside Potential ***Current Cap is 6%, Proforma Cap Will Be 7.7%***
***** DO NOT TALK TO TENANTS ***** DRIVE BY ONLY ***** SUBJECT TO INSPECTION *****
*****570 E. Pleasant is 9U. (7-2BR, 2-1BR) ***580 E. Pleasant is 8U. (6-2BR, 2-1BR)*****Buyer To Cooperate Seller's 1031 Exchange At No Cost*****
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.32 Acre Lot
- No Common Walls
- Density is 16-20 Units/Acre
Interior Spaces
- 12,810 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Parking
- 12 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2&3
- Tax Tract Number 5717
- Assessor Parcel Number 7130016013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 17 Units
Amenities
- Laundry Facilities
Building Details
- 17 Leased Units
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,320
- Gardener Expense $600
- Insurance Expense $2,200
- Maintenance Expense $10,000
- Other Expense $1,500
- Pest Control $648
- Supplies Expense $500
- Trash Expense $1,200
- Water Sewer Expense $5,500
- New Taxes Expense $26,000
- Gross Income $16,285
- Net Operating Income $134,080
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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 |
|---|---|---|---|---|
| 01/19/2015 01/19/15 | Sold | $2,070,000 | -10.0% | $162 / Sq Ft |
| 12/11/2014 12/11/14 | Pending | -- | -- | -- |
| 08/19/2014 08/19/14 | For Sale | $2,300,000 | -- | $180 / 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 | $17,805 | $1,316,016 | $210,318 | $1,105,698 |
| 2024 | $17,805 | $1,290,213 | $206,195 | $1,084,018 |
| 2023 | $17,494 | $1,264,915 | $202,152 | $1,062,763 |
| 2022 | $16,445 | $1,240,114 | $198,189 | $1,041,925 |
| 2021 | $16,080 | $1,215,799 | $194,303 | $1,021,496 |
| 2019 | $15,850 | $1,180,460 | $188,541 | $991,919 |
| 2018 | $15,384 | $1,157,329 | $184,845 | $972,484 |
| 2016 | $14,140 | $1,111,698 | $177,668 | $934,030 |
| 2015 | $11,945 | $948,951 | $235,147 | $713,804 |
| 2014 | -- | $930,363 | $230,541 | $699,822 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Kim
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14178005
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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