NOT LISTED FOR SALE

635 W 3rd St Long Beach, CA 90802

West Village Neighborhood
2 Beds
2 Baths
6,004 Sq Ft
7,528 Sq Ft Lot

Last Sold May 15, 2012

Last sale price $585,000 $97 Per Sq Ft

53 Days on Market

Highlights

  • 0.17 Acre Lot
  • No Heating
  • 3-minute walk to Cesar E Chavez Park
  • Fireplace

About This Home

As of May 2012

The subject property consist of 9 units located at 635 W. 3rd in Downtown Long Beach. The building consist of 1 two bedroom one bath unit and 8 studio apartments. A new courthouse is being constructed directly across the street from this property. Because of the new construction and other activity in the area, the property has potential for equity growth. This property is part of 3 building portfolio including 320 Maine and 627 W. 3rd. Call for set ups on all 3 properties. 635 W. 3rd and 320 Maine must close concurrently.

Last Agent to Sell the Property

Charlie Kennedy

CRMLS Member Transfer License #01238443 Listed on: 01/20/2012

Last Buyer's Agent

Charlie Kennedy

CRMLS Member Transfer License #01238443 Listed on: 01/20/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,528

Home Design

  • Stucco

Interior Spaces

  • 6,004 Sq Ft Home
  • Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 7,528 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block 137
  • Assessor Parcel Number 7278022018

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,060
  • Maintenance Expense $2,250
  • Other Expense $13,572
  • Pest Control $1,200
  • Professional Management Expense $3,556
  • Supplies Expense $1,800
  • New Taxes Expense $6,435
  • Gross Income $6,110
  • Net Operating Income $38,903

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.65
  • Professional Management Expense: 3556.00
  • Supplies Expense: 1800.00
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7278022018
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 97.44

Exterior Features

  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 1200.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7528.00
  • Lot Size Acres: 0.1730

Multi Family

  • Gross Income: 6110.00
  • Gross Multiplier: 7.98
  • Gross Scheduled Income: 73320.00
  • Gross Spendable Income: 11546.00
  • Insurance Expense: 3060.00
  • Lot Size Area: 7528.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 38903.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 32217.00
  • Operating Expense Percent: 45.00
  • Other Expense: 13572.00
  • Other Expense Description: Utiliti
  • Total Actual Rent: 73320.00
  • Vacancy Allowance: 2200
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6435.00
  • Tax Area: 11934
  • Tax Block: 137
  • Tax Lot: 0.

Range of Values:

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

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2012 05/15/12 Sold $585,000 0.0% $97 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $585,000 -- $97 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Charlie Kennedy

    CRMLS Member Transfer

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S685413

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 West Village

635 W 3rd St, Long Beach, CA

This home is located at 635 W 3rd St, Long Beach, CA 90802 since 20 January 2012. This property was built in 1920. 635 W 3rd St is a home located in Los Angeles County with nearby schools including Cesar Chavez Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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