NOT LISTED FOR SALE

6601 E Ocean Blvd Long Beach, CA 90803

Peninsula Neighborhood
5 Beds
4 Baths
3,468 Sq Ft
2,401 Sq Ft Lot

Last Sold March 28, 2013

Last sale price $1,225,000 $353 Per Sq Ft

60 Days on Market

Highlights

  • Beach Access
  • Coastline Views
  • Carpet
  • Naples Bayside Academy Rated A
  • Contemporary Architecture
  • Gravity Heating System

About This Home

As of March 2013

5 Units on the Peninsula. 4-1BR, 1-2BR, 1.5BA + 3 Garages. Great location in a high demand area. Current rents well below market. Separate meters for Gas & Electric.

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial License #00499477 Listed on: 03/04/2013

Coldwell Banker Commercial

Co-Listed By

Phyllis Schmidt

Vylla Home, Inc. License #01761453

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 2,401 Sq Ft Lot
  • Lot Dimensions are 30x80

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,468 Sq Ft Home
  • Carpet
  • Coastline Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Beach Access
  • Gravity Heating System

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 10 / 15
  • Tax Tract Number 9
  • Assessor Parcel Number 7245028009

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,750
  • Maintenance Expense $3,215
  • Water Sewer Expense $975
  • New Taxes Expense $17,110
  • Gross Income $6,125
  • Net Operating Income $45,570

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.14
  • View: Yes
  • Water Sewer Expenses: 975.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7245028009
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: Three Or More
  • Price Per Square Foot: 353.23

Exterior Features

  • View: Coastline
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 30x80
  • Lot Size Sq Ft: 2401.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 6125.00
  • Gross Multiplier: 19.71
  • Gross Scheduled Income: 73500.00
  • Insurance Expense: 2750.00
  • Lot Size Area: 2401.0000 Square Feet
  • Maintenance Expense: 3215.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 45570.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Refrigerator: 5
  • Operating Expense: 24255.00
  • Operating Expense Percent: 33.00
  • Vacancy Allowance Rate: 5.00
  • Waterfront Features: Beach Access

Tax Info

  • New Taxes Expense: 17110.00
  • Tax Area: 5500
  • Tax Block: 15
  • Tax Lot: 10
  • Tax Tract Number: 009

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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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
03/28/2013 03/28/13 Sold $1,225,000 -15.5% $353 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $1,449,000 -- $418 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Warshauer

    Seller's Agent in 2013

    Steve Warshauer

    Coldwell Banker Commercial

    (562) 495-6070

    21 Total Sales

    Steve Warshauer
    Section Image

  • P

    Seller Co-Listing Agent in 2013

    Phyllis Schmidt

    Vylla Home, Inc.

    (562) 882-8395

    3 Total Sales

    Phyllis Schmidt
    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,205 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P846410

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Peninsula

6601 E Ocean Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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