NOT LISTED FOR SALE

638 Nebraska Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood
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 Listed By

Alan Acree

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

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
  • Price Per Unit: 135625
  • 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: 5331
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13259.00

Range of Values:

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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

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alan Acree

    Morgan Skenderian

  • Damien Breaux

    Buyer's Agent in 2012

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    33 Total Sales

    Damien Breaux
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817884

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 North Alamitos Beach

638 Nebraska Ave, Long Beach, CA

Homes for Sale in Long Beach, CA

This home is located at 638 Nebraska Ave, Long Beach, CA 90802 since 06 April 2012. This property was built in 1964. 638 Nebraska Ave is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic 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

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