NOT LISTED FOR SALE
16 Beds
9 Baths
7,140 Sq Ft
8,903 Acres

Last Sold April 21, 2017

Last sale price $1,650,000 $231 Per Sq Ft

55 Days on Market

About This Home

As of April 2017

Pleased to present this beautiful 9 unit apartment building located at 590 E Pleasant St in North Long Beach. Built in 1963 this building features 7,140 rentable square feet with a lot size of 8,903 square feet, consisting of 2 one-bedroom/one-bathroom units and 7 two-bedroom/one-bathroom units, all in excellent condition and separately metered for gas and electric. Additionally, there have been major upgrades throughout including: new 30 year roof; stucco repair/complete exterior paint; entire second floor deck; dual-pane vinyl windows/front doors for every unit, 100 gallon water heater and the front/courtyard are currently being re-landscaped as well. There is an on-site laundry facility with designated parking for tenants also, for added income.

Last Agent to Sell the Property

Byron Field

Keller Williams Larchmont License #01934775 Listed on: 10/25/2016

Keller Williams Larchmont

Last Buyer's Agent

Byron Field

Keller Williams Larchmont License #01934775

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,903

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Interior Spaces

  • 7,140 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Additional Features

  • 8,903 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7130-016-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7140
  • Lot Acreage: 8903.0000
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0
  • Price Per S Q F T: 245.10

Exterior Features

  • Tennis Court Y/N: No
  • Construction: 1963
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 2
  • Total Parking: 3

Utilities

  • Heating: Wall

Fee Information

  • Insurance Expense: 2499.00
  • Maintenance Expense: 2700.00
  • Management Expense: 7170.00

Lot Info

  • Assessed Improvement Value: 495306
  • Assessed Land Value: 142799
  • Assessor Parcel Number: 7130-016-011
  • Geocode Override: No
  • Lot Size Area: 8903

Rental Info

  • Total Actual Rent: 11650.00
  • Monthly Gross Income: 11950.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.85
  • Gross Scheduled Income: 143400.00
  • Number Of Units: 9
  • Rent Control: 0
  • Total Annual Expense: 37927
  • Type Of Units: 1 bd, 2bd
  • Vacancy Rate: 5

Tax Info

  • Tax Expense: 21238.00

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 List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $1,650,000 -5.7% $231 / Sq Ft
10/25/2016 10/25/16 For Sale $1,750,000 -- $245 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-178688

The MLS