NOT LISTED FOR SALE
6 Beds
3 Baths
6,823 Sq Ft
7,738 Sq Ft Lot

Last Sold September 21, 2012

Last sale price $1,015,000 $149 Per Sq Ft

122 Days on Market

Highlights

  • 0.18 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of September 2012

The Nebraska Apartments consist of 8 units - (2) 1BR/1BA, (4) 2BR/1BA, (2) 3BR/1.5BA. Units have upgraded interiors, ceiling fans, dishwashers, garages, and onsite laundry room.

Last Agent to Sell the Property

Alan Acree

Morgan Skenderian License #01366012 Listed on: 04/06/2012

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,738

Parking

  • 1 Car Garage

Home Design

  • 6,823 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 7,738 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7266017019

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $3,500
  • Maintenance Expense $8,000
  • Other Expense $700
  • Professional Management Expense $2,400
  • Water Sewer Expense $5,100
  • New Taxes Expense $13,259
  • Gross Income $8,885
  • Net Operating Income $67,490

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.22
  • Professional Management Expense: 2400.00
  • View: No
  • Water Sewer Expenses: 5100.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7266017019
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 148.76

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 7738
  • Lot Size Sq Ft: 7738.00
  • Lot Size Acres: 0.1780

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 8885.00
  • Gross Multiplier: 10.18
  • Gross Scheduled Income: 106620.00
  • Gross Spendable Income: 22654.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7738.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 67490.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 33799.00
  • Operating Expense Percent: 32.00
  • Other Expense: 700.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13259.00
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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
09/21/2012 09/21/12 Sold $1,015,000 -6.5% $149 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $1,085,000 -- $159 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $16,870 $2,200,000 $1,200,000 $1,000,000
2024 $16,870 $1,225,380 $857,166 $368,214
2023 $16,578 $1,201,354 $840,359 $360,995
2022 $15,584 $1,177,799 $823,882 $353,917
2021 $15,237 $1,154,706 $807,728 $346,978
2020 $15,196 $1,142,867 $799,446 $343,421
2019 $15,019 $1,120,459 $783,771 $336,688
2018 $14,568 $1,098,490 $768,403 $330,087
2016 $13,384 $1,055,836 $738,566 $317,270
2015 $12,861 $1,039,978 $727,473 $312,505
2014 $12,801 $1,019,607 $713,223 $306,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817884

California Regional Multiple Listing Service (CRMLS)