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

Sale Details

Date 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

7,738 Sq Ft Lot

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

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
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

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 $29,734 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817884

California Regional Multiple Listing Service (CRMLS)
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