John Rudy
Trends RE Inc.
(747) 271-4844
34 Total Sales
1 in Nehyam
$600,000 Price
6508 Orange Ave Long Beach, CA 90805
Nehyam Neighborhood
2
Beds
1
Bath
5,354
Sq Ft
5,663
Sq Ft Lot
About This Home
As of September 2024Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless.
Priced at $214,375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 05/24/2024
Co-Listed By
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,397
Year Built
- Built in 1960
Lot Details
- 5,663 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,354 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 157
- Tax Tract Number 7845
- Assessor Parcel Number 7114013044
- $1,495 per year additional tax assessments
Community Details
Overview
- 8 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,685
- Fuel Expense $2,685
- Insurance Expense $3,748
- Maintenance Expense $6,799
- Other Expense $4,315
- Trash Expense $2,685
- Water Sewer Expense $2,685
- New Taxes Expense $22,834
- Operating Expense $48,436
- Gross Income $4,584
- Net Operating Income $83,468
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Nehyam, CA
-
John Rudy
-
Kurt Steffien
Kurt Steffien
Realty Discount Corporation
(424) 688-6151
54 Total Sales
1 in Nehyam
$595,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
236 Total Sales
2 in Nehyam
$576K - $1.1M Price Range
-
Charles Chamorro
Charles Chamorro
Che Hill
(562) 685-8867
75 Total Sales
1 in Nehyam
$689,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
259 Total Sales
1 in Nehyam
$905,000 Price
-
Andrew Hart
Andrew Hart
Real Broker
(818) 463-1176
63 Total Sales
1 in Nehyam
$630,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,685,000 | Ticor Title Company | ||
| 17381 Koledo Huntington Beach Inc | -- | None Available | |
| 6508 Orange Long Beach Inc | -- | None Available | |
| Goldsman Gene J | -- | None Available | |
| Goldsman Linda | -- | United Title Company | |
| Goldsman Linda | $640,000 | United Title Company | |
| Parker James Wesley | -- | Fidelity National Title Co | |
| Ghezelayagh Faramarz Frank | $492,000 | Fidelity National Title Co | |
| Parker James W | -- | -- | |
| Hillhaven 94-N2 Associates Lp | $190,000 | Chicago Title Company | |
| Hillhaven 94 N2 Associates Lp | $190,000 | Chicago Title Company |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $885,000 | ||
| Previous Owner | Goldsman Linda | $420,000 | |
| Previous Owner | Ghezelayagh Faramarz Frank | $369,000 | |
| Previous Owner | Parker James W | $30,000 |
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 |
|---|---|---|---|---|
| 09/26/2024 09/26/24 | Sold | $1,685,000 | -1.7% | $315 / Sq Ft |
| 06/18/2024 06/18/24 | Price Changed | $1,715,000 | -4.7% | $320 / Sq Ft |
| 05/24/2024 05/24/24 | For Sale | $1,800,000 | -- | $336 / 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 |
|---|---|---|---|---|
| 2026 | $23,042 | $1,718,700 | $408,000 | $1,310,700 |
| 2025 | $23,042 | $1,685,000 | $400,000 | $1,285,000 |
| 2024 | $12,809 | $908,742 | $255,579 | $653,163 |
| 2023 | $12,581 | $890,924 | $250,568 | $640,356 |
| 2022 | $11,833 | $873,455 | $245,655 | $627,800 |
| 2021 | $11,562 | $856,330 | $240,839 | $615,491 |
| 2020 | $11,531 | $847,550 | $238,370 | $609,180 |
| 2019 | $11,396 | $830,933 | $233,697 | $597,236 |
| 2018 | $11,049 | $814,641 | $229,115 | $585,526 |
| 2016 | $10,159 | $783,010 | $220,219 | $562,791 |
| 2015 | $9,767 | $771,250 | $216,912 | $554,338 |
| 2014 | $9,734 | $756,143 | $212,663 | $543,480 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
Seller's Agent in 2024
Rick Applebaum
Morgan Skenderian
(949) 251-8800
1 in this area
79 Total Sales
-
Paul Espinosa
Seller Co-Listing Agent in 2024
Paul Espinosa
Morgan Skenderian
(714) 206-2688
1 in this area
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24105603
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.
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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