NOT LISTED FOR SALE

614 Lime Ave Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,647,000 - $2,016,000

14 Beds
8 Baths
4,874 Sq Ft
$362/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2015

Last sale price $960,000 $197 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $11,136 / mo

93 Days on Market

Highlights

  • 0.09 Acre Lot
  • Corner Lot
  • No HOA
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2015

Large Fourplex, 4874 Sq. Ft. GREAT Income Earner! 2- Four Bed/Two and half Baths Townhome Style (Rent $1945 & $1725) and 2 - Three Beds/Two Baths single story (Rent $2700 & $1585) Tenants pay all utilities except for water & Sewage. Great Rental area close to Museum of Latin American Art, the Beach, Restaurants, East Village Arts area and Downtown. Actual addresses are 614-618 Lime & 701-705 6th Street.

Last Agent to Sell the Property

Rhett Stafford

Rhett Stafford, Broker License #01068465 Listed on: 01/14/2015

Last Buyer's Agent

Nick Hoffman

Western International License #00811392

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 4,056 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,874 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 7274019015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $2,400
  • Water Sewer Expense $2,400
  • Gross Income $6,955
  • Net Operating Income $56,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

4,056 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 7274019015
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 196.96

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4056.00
  • Price Per Lot Square Foot: 236.69
  • Lot Size Acres: 0.0930

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 6955.00
  • Gross Scheduled Income: 83460.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4056.0000 Square Feet
  • Net Operating Income: 56700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26760.00
  • Rent Control: No
  • Total Actual Rent: 6955.00

Tax Info

  • Taxes Percent: 1.25
  • Tax Lot: 18
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
06/29/2015 06/29/15 Sold $960,000 -9.4% $197 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $1,060,000 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rhett Stafford

    Rhett Stafford, Broker

    Section Image
  • Nick Hoffman

    Buyer's Agent in 2015

    Nick Hoffman

    Western International

    (714) 741-8020

    8 Total Sales

    Nick Hoffman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15009376

California Regional Multiple Listing Service (CRMLS)

APN: 7274-019-015

California Los Angeles County Long Beach 90802 East Village

614 Lime 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

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