NOT LISTED FOR SALE
8 Beds
6 Baths
6,908 Sq Ft
9,293 Sq Ft Lot

Last Sold September 16, 2014

Last sale price $1,250,000 $181 Per Sq Ft

19 Days on Market

About This Home

As of September 2014

Rare opportunity to capture 12 units in Long Beach that has not been on market for many years. 10 on site uncovered parking spaces with no alley access. Recent replacement windows frame this clean complex.

Last Agent to Sell the Property

Steve Hyde

First Team Real Estate License #00980216 Listed on: 07/09/2014

First Team Real Estate

Last Buyer's Agent

Steve Hyde

First Team Real Estate License #00980216 Listed on: 07/09/2014

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,293 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 6,908 Sq Ft Home
  • 2-Story Property
  • Casement Windows
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 10 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 6773
  • Assessor Parcel Number 7123022009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,640
  • Insurance Expense $3,200
  • Maintenance Expense $9,810
  • Professional Management Expense $7,600
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $16,187
  • Gross Income $100
  • Net Operating Income $78,353

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Other Phone Description: 562 370 1000
  • Professional Management Expense: 7600.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7123022009
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 180.95
  • Window Features: Casement Windows

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Unknown

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9293.00
  • Lot Size Acres: 0.2130

Multi Family

  • Electric Expense: 2640.00
  • Gross Income: 100.00
  • Gross Scheduled Income: 122600.00
  • Insurance Expense: 3200.00
  • Lot Size Area: 9293.0000 Square Feet
  • Maintenance Expense: 9810.00
  • Net Operating Income: 78353.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 44100.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Actual Rent: 8370.00

Tax Info

  • New Taxes Expense: 16187.00
  • Tax Lot: 10
  • Tax Tract Number: 6773

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2014 09/16/14 Sold $1,250,000 -3.5% $181 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $1,295,000 -- $187 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14144503

California Regional Multiple Listing Service (CRMLS)