NOT LISTED FOR SALE

628 E 53rd St Long Beach, CA 90805

14 Beds
7 Baths
10,740 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: March 11, 2019

Last sale price $2,700,000 $251 Per Sq Ft

31 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Wall Furnace
  • Granite Countertops
  • Tile Flooring

About This Home

As of March 2019

Subject property is a 14-unit of all 2 bedroom/1bathroom situated on a huge lot of 15,266 square foot with 10,740 square foot building, and 16 gated parking space respectively. All units are 100% occupied with no rent control. Renovations include new decking, new decorative iron gate & handrail, new roof, some units were upgraded with new kitchen/bathroom cabinet with granite countertop and vinyl windows, exterior landscaping with King palms & sprinkler system. Great investment property with many potentials...Drive-by only. Do not disturb tenants. Thank you.

Last Agent to Sell the Property

Julieanne Lam Phan

Phan Property Management License #01218721 Listed on: 01/11/2019

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 15,266 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 10,740 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Granite Countertops
  • Laundry in unit

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Standard Electricity
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7130024015

Community Details

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $187,344

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.35 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7130024015
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 251.40
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15266.00
  • Lot Size Acres: 0.3505

Multi Family

  • Gross Income: 187344.00
  • Gross Operating Income: 187344.00
  • Gross Scheduled Income: 187344.00
  • Lot Size Area: 15266.0000 Square Feet
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5716.00
  • Tax Lot: 1
  • Tax Tract Number: 1
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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
03/11/2019 03/11/19 Sold $2,700,000 -3.6% $251 / Sq Ft
02/03/2019 02/03/19 Price Changed $2,800,000 -12.5% $261 / Sq Ft
01/11/2019 01/11/19 For Sale $3,200,000 -- $298 / 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 $41,380 $3,011,896 $948,189 $2,063,707
2024 $39,531 $2,952,841 $929,598 $2,023,243
2023 $38,856 $2,894,943 $911,371 $1,983,572
2022 $36,496 $2,838,180 $893,501 $1,944,679
2021 $35,732 $2,782,531 $875,982 $1,906,549
2019 $9,007 $533,764 $273,288 $260,476
2018 $8,559 $523,307 $267,930 $255,377
2016 $7,846 $502,604 $257,527 $245,077
2015 $7,579 $495,055 $253,659 $241,396
2014 $7,609 $485,359 $248,691 $236,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19008853

California Regional Multiple Listing Service (CRMLS)
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