NOT LISTED FOR SALE
11 Beds
7 Baths
5,646 Sq Ft
4,908 Sq Ft Lot

Last Sold November 22, 2013

Last sale price $825,000 $146 Per Sq Ft

18 Days on Market

About This Home

As of November 2013

Great investment property. Two of the units are two story, located in a strong rental area. Close to schools, freeways, and shopping. Most of the units have been rehabed, and all the units have separate water heater. This building is an all electric and is very low maintenance. Long term tenants, drive by only and do not disturb tenant.

Last Agent to Sell the Property

Nabil Antonious

C-21 Astro License #01276499 Listed on: 09/02/2013

Last Buyer's Agent

Nabil Antonious

C-21 Astro License #01276499 Listed on: 09/02/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 4,908 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,646 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Radiant Heating System

Listing and Financial Details

  • Legal Lot and Block 1 / c
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120006001

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $8,000
  • Net Operating Income $69,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7120006001
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 146.12

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Radiant
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 4908.00
  • Lot Size Acres: 0.1130

Multi Family

  • Gross Income: 8000.00
  • Gross Scheduled Income: 96000.00
  • Lot Size Area: 4908.0000 Square Feet
  • Net Operating Income: 69120.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 26880.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: c
  • Tax Lot: 1
  • Tax Tract Number: 6807
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
11/22/2013 11/22/13 Sold $825,000 -5.7% $146 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
09/02/2013 09/02/13 For Sale $875,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,698 $1,011,326 $183,874 $827,452
2024 $13,698 $991,497 $180,269 $811,228
2023 $13,459 $972,057 $176,735 $795,322
2022 $12,652 $952,998 $173,270 $779,728
2021 $12,367 $934,313 $169,873 $764,440
2019 $12,190 $906,603 $164,836 $741,767
2018 $11,849 $888,827 $161,604 $727,223
2016 $10,887 $854,315 $155,330 $698,985
2015 $10,463 $841,483 $152,997 $688,486
2014 $10,416 $825,000 $150,000 $675,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13177892

California Regional Multiple Listing Service (CRMLS)