NOT LISTED FOR SALE

6803 Long Beach Blvd Long Beach, CA 90805

College Square Neighborhood

Estimated Value: $2,539,298

4 Beds
5 Baths
6,420 Sq Ft
$396/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $1,450,000 $226 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $15,371/month

38 Days on Market

About This Home

As of May 2017

Built in 1958, this asset has 9 apartments and an office space. The unit mix is comprised of 2 studio units, 6 one-bedroom units, 1 three-bedroom, 2 bath unit, and one office, all situated on a 10,030 square foot lot. Features include large units, a relaxing interior courtyard, 7 parking spaces, and individual gas & electric meters. There is an on-site laundry facility with owned equipment including two washers and two dryers. The rear building had a new roof installed in 2016.

Last Agent to Sell the Property

Mike McKinney

Triqor Group License #00634672 Listed on: 01/23/2017

Triqor Group

Last Buyer's Agent

Rosemary Low

Sotheby's International Realty License #00492534

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 10,030 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 6,420 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 14111
  • Assessor Parcel Number 7304027032

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $41,547
  • Gross Income $117,840
  • Net Operating Income $72,758

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBCCA
  • Property Type: Residential Income
  • Parcel Number: 7304027032
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 225.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10030.00

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Average Studio Area: 385 Square Feet
  • Gross Income: 117840.00
  • Gross Scheduled Income: 117840.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 125.00
  • Net Operating Income: 72758.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 41547.00
  • Rent Control: No
  • Total Expenses: 41547.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5704.03
  • Tax Lot: 19
  • Tax Tract Number: 14111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2017
Sold by
Pampa Furniture Inc
Bought by
Pampa Properties Llc
Current Estimated Value
$2,539,298

Purchase Details

Listed on
Jan 23, 2017
Closed on
Apr 27, 2017
Sold by
Hoang Kim Chi and The Kim Chi Hoang Trust
Bought by
Pampa Furniture Inc
Seller's Agent
Mike McKinney
Triqor Group
Buyer's Agent
Rosemary Low
Sotheby's International Realty
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$885,000
Interest Rate
4.1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 15, 2010
Sold by
Viscot Ventures Llc
Bought by
Long Trust

Purchase Details

Closed on
Jan 1, 2003
Sold by
Tracey Michael and Hoang Kim Chi
Bought by
Viscot Ventures Llc

Purchase Details

Closed on
Oct 19, 1993
Sold by
Highland Federal Bank
Bought by
Tracey Michael and Hoang Kim Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Pampa Properties Llc -- None Available
Pampa Furniture Inc $1,450,000 First American Title Company
Hoang Kim Chi -- First American Title Company
Viscot Ventures Llc -- First American Title Ins Co
Long Trust -- None Available
Viscot Ventures Llc -- --
Tracey Michael $245,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Viscot Ventures Llc $885,000
Previous Owner Tracey Michael $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $1,450,000 -6.5% $226 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $1,550,000 -- $241 / 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 $22,740 $1,682,842 $1,009,706 $673,136
2024 $22,740 $1,649,846 $989,908 $659,938
2023 $22,382 $1,617,498 $970,499 $646,999
2022 $21,084 $1,585,783 $951,470 $634,313
2021 $20,674 $1,554,690 $932,814 $621,876
2020 $20,621 $1,538,750 $923,250 $615,500
2019 $20,366 $1,508,580 $905,148 $603,432
2018 $19,704 $1,479,000 $887,400 $591,600
2016 $6,909 $452,259 $165,109 $287,150
2015 $6,654 $445,466 $162,629 $282,837
2014 $6,599 $436,741 $159,444 $277,297
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mike McKinney

    Triqor Group

    Section Image

  • R

    Buyer's Agent in 2017

    Rosemary Low

    Sotheby's International Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17014867

California Regional Multiple Listing Service (CRMLS)

APN: 7304-027-032

California Los Angeles County Long Beach 90805 College Square

6803 Long Beach Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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