NOT LISTED FOR SALE
10 Beds
6 Baths
14,814 Sq Ft
27,554 Sq Ft Lot

Last Sold September 29, 2016

Last sale price $3,600,000 $243 Per Sq Ft

13 Days on Market

About This Home

As of September 2016

5 buildings on a large lot, gated with 20 secure parking spaces. Each unit has a large balcony or patio, tiled over kitchens, baths and walkways. Separate Electric Meters.

In the heart of Long Beach, close to schools, banks shopping, hospital, costco, city college, downtown and port. near 710/405 Fwy.

2 Beds/1 Bath x 12 Plus 1 Bed/1 Bath x 6.

Last Agent to Sell the Property

Henry Chuang

HENRY CHUANG, BROKER License #01838832 Listed on: 07/11/2016

Last Buyer's Agent

Carlos Vigon

CBRE Inc. License #00976287

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 27,554 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 20 Car Garage

Home Design

  • 14,814 Sq Ft Home
  • Property Attached
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 12 / F
  • Tax Tract Number 5732
  • Assessor Parcel Number 7211007028

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 18 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $650
  • Insurance Expense $4,921
  • Professional Management Expense $14,400
  • Trash Expense $1,800
  • Water Sewer Expense $3,600
  • New Taxes Expense $28,966
  • Gross Income $21,264
  • Net Operating Income $201,808

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0.63 Acres

Parking

20

Listing Details

  • Professional Management Expense: 14400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 7211007028
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 243.01

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 20.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 27554.00
  • Price Per Lot Square Foot: 139.73

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 21264.00
  • Gross Scheduled Income: 240996.00
  • Insurance Expense: 4921.00
  • Net Operating Income: 201808.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 53359.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 28966.00
  • Tax Block: F
  • Tax Lot: 12
  • Tax Tract Number: 5732
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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
09/29/2016 09/29/16 Sold $3,600,000 -6.5% $243 / Sq Ft
07/24/2016 07/24/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $3,850,000 -- $260 / 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 $54,782 $4,172,302 $2,826,024 $1,346,278
2024 $54,782 $4,090,493 $2,770,612 $1,319,881
2023 $53,854 $4,010,288 $2,716,287 $1,294,001
2022 $50,590 $3,931,656 $2,663,027 $1,268,629
2021 $49,540 $3,854,565 $2,610,811 $1,243,754
2019 $48,836 $3,745,438 $2,533,374 $1,212,064
2018 $47,335 $3,672,100 $2,483,700 $1,188,400
2016 $30,140 $2,366,535 $1,206,673 $1,159,862
2015 $28,967 $2,330,988 $1,188,548 $1,142,440
2014 $28,838 $2,285,328 $1,165,266 $1,120,062
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16152367

California Regional Multiple Listing Service (CRMLS)
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