NOT LISTED FOR SALE

6060 Atlantic Ave Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $1,363,124

3 Beds
7 Baths
6,086 Sq Ft
$224/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2022

Last sale price $1,200,000 $197 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,934 / mo

1 Day on Market

Highlights

  • No HOA
  • Park
  • Bike Trail
  • 4 Car Direct Access Garage
  • Floor Furnace
  • Block Wall Fence

About This Home

As of February 2022

EXTREMELY ATTRACTIVE INVESTMENT OFFERING: ***Low price per sqft with significant upside potential ***Two separate 2-story buildings mixed use, 4 retail units and 6 units 1 Bedr. + 1 Bath ***Each unit is individually metered for electricity and gas *Large lot with tenant parking and 2 two-car garages for extra income ***Apartment units have been upgraded ***GREAT LOCATION in high demand rental area near freeways, parks, schools, supported by City of Long Beach Uptown Property & Business Improvement District (PBID). Find out more information and see for yourself.

Last Agent to Sell the Property

Brigitte Schroeder

MJC Realty License #01705827 Listed on: 11/17/2021

Last Buyer's Agent

Brigitte Schroeder

MJC Realty License #01705827 Listed on: 11/17/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 9,180 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • 9 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 6,086 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / 2
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124016005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units
  • North Long Beach Subdivision

Recreation

  • Park
  • Bike Trail

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,140
  • Insurance Expense $4,500
  • Professional Management Expense $4,800
  • Water Sewer Expense $5,206
  • Operating Expense $15,646
  • Net Operating Income $70,924

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

9,180 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 5206.00
  • Zoning: LBCNA
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 7124016005
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 197.17
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Paved, Garage Faces Side, Garage - Two Door
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9180.00
  • Lot Size Acres: 0.2107
  • Latitude Manual: 33.86488500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 13.55
  • Gross Scheduled Income: 95940.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 9180.0000 Square Feet
  • Net Operating Income: 70924.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 25016.00
  • Rent Control: Yes
  • Total Actual Rent: 95940.00
  • Total Expenses: 15646.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5705.01
  • Tax Lot: 6
  • Tax Tract Number: 6521

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

Listed on
Nov 17, 2021
Closed on
Jan 11, 2022
Sold by
Bought by
Seller's Agent
Brigitte Schroeder
MJC Realty
Buyer's Agent
Brigitte Schroeder
MJC Realty
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Current Estimated Value
$1,363,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,124
Avg. Annual Appreciation
2.97%
Original Mortgage
$960,000
Outstanding Balance
$877,814
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$485,310

Purchase Details

Closed on
Jul 3, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 13, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2000
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
$300,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1999
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
$256,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 1999
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
$256,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$1,200,000 None Listed On Document
-- None Available
-- Fidelity Van Nuys
$578,000 Fidelity Van Nuys
-- American Title Co
-- American Title Co
-- Commonwealth Title
$320,000 Stewart Title
$190,000 First American Title Ins Co
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
Open $960,000
Previous Owner $300,000
Previous Owner $256,000
Closed $64,000
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
02/15/2022 02/15/22 Sold $1,200,000 -7.7% $197 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $1,300,000 -- $214 / 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 $19,033 $1,273,449 $848,966 $424,483
2024 $18,668 $1,248,480 $832,320 $416,160
2023 $17,345 $1,224,000 $816,000 $408,000
2022 $9,924 $670,704 $406,136 $264,568
2021 $9,714 $657,554 $398,173 $259,381
2019 $9,558 $638,053 $386,364 $251,689
2018 $9,182 $625,543 $378,789 $246,754
2016 $8,416 $601,254 $364,081 $237,173
2015 $8,120 $592,224 $358,613 $233,611
2014 $8,078 $580,624 $351,589 $229,035
Source: Public Records

Agents Affiliated with this Home

  • Brigitte Schroeder

    Seller's Agent in 2022

    Brigitte Schroeder

    MJC Realty

    (562) 716-8385

    1 in this area

    9 Total Sales

    Brigitte Schroeder
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21250924

California Regional Multiple Listing Service (CRMLS)

APN: 7124-016-005

California Los Angeles County Long Beach 90805 Houghton Park

6060 Atlantic Ave, Long Beach, CA

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.