NOT LISTED FOR SALE
6 Beds
6 Baths
3,250 Sq Ft
4,269 Sq Ft Lot

Sale Details

Date Sold: October 16, 2015

Last sale price $715,000 $220 Per Sq Ft

117 Days on Market

About This Home

As of October 2015

Well maintained six unit apartment building in North Long Beach with four off street parking spaces available. Cap rate of 7.32%. Fully occupied.

Last Agent to Sell the Property

David Landeros

West Associates License #01735661 Listed on: 04/22/2015

Co-Listed By

Heather Schaible

West Associates License #01848864

Last Buyer's Agent

David Landeros

West Associates License #01735661 Listed on: 04/22/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 4,269 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 3
  • Assessor Parcel Number 7124025016

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,000
  • Insurance Expense $1,200
  • Maintenance Expense $2,124
  • Trash Expense $1,000
  • Water Sewer Expense $1,400
  • Gross Income $3,648
  • Net Operating Income $32,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

4,269 Sq Ft Lot

Listing Details

  • CapRate: 4.42
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 7124025016
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 220.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4269.00
  • Price Per Lot Square Foot: 167.49
  • Lot Size Acres: 0.0980

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 542
  • Electric Expense: 4000.00
  • Gross Income: 3648.00
  • Gross Scheduled Income: 43776.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4269.0000 Square Feet
  • Maintenance Expense: 2124.00
  • Net Operating Income: 32052.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 11724.00
  • Rent Control: No
  • Total Actual Rent: 3648.00

Tax Info

  • Taxes Percent: 1.25
  • Tax Tract Number: 003
  • Tax Year: 2014

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

Closed on
Sep 27, 2018
Sold by
Bought by

Purchase Details

Closed on
Jul 21, 2015
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
$315,000
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2013
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
$250,000
Interest Rate
0.0413%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 21, 2013
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
$250,000
Interest Rate
0.0413%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 8, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 1995
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 1995
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 1995
Sold by
Bought by
Source: Public Records
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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
-- None Available
$715,000 First American Title Company
-- Accommodation
-- First American Title Ins Co
$135,000 --
$150,000 --
-- --
-- --
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
Closed $315,000
Previous Owner $250,000
Previous Owner $250,000
Previous Owner $34,250
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
10/16/2015 10/16/15 Sold $715,000 -1.4% $220 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $725,000 -- $223 / 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 $17,864 $846,408 $177,566 $668,842
2024 $17,340 $829,813 $174,085 $655,728
2023 $17,139 $813,543 $170,672 $642,871
2022 $16,455 $797,592 $167,326 $630,266
2021 $16,227 $781,954 $164,046 $617,908
2020 $16,200 $774,277 $162,364 $611,913
2019 $16,080 $759,103 $159,181 $599,922
2018 $15,787 $744,226 $156,060 $588,166
2016 $9,069 $715,000 $150,000 $565,000
2015 $5,788 $444,203 $111,047 $333,156
2014 $5,777 $435,502 $108,872 $326,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15085411

California Regional Multiple Listing Service (CRMLS)
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