NOT LISTED FOR SALE

6950 Long Beach Blvd Long Beach, CA 90805

Starr King Neighborhood

Estimated Value: $409,430

1 Bed
-- Bath
1,920 Sq Ft
$213/Sq Ft Est. Value

Last Sold March 13, 2021

Last sale price $320,000 $167 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,574/month

259 Days on Market

About This Home

As of March 2021

This residential property is zoned LBRS3 is in a great location situated just north of the 91 frwy close to shopping centers and stores. This is a great investment property which generates a five figure income. Do not disturb tenants and make offers subject to interior inspection.Submit offers with proof of funds pre approval and FICO scores. Hurry at this price it won't last long

Last Agent to Sell the Property

Otis Clayton

Coldwell Banker Envision License #00856405 Listed on: 01/20/2020

Coldwell Banker Envision

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 2,335 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,920 Sq Ft Home
  • Property Attached
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 1 Bedroom

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 6792
  • Assessor Parcel Number 7304002008

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $150
  • Insurance Expense $600
  • Trash Expense $20
  • Water Sewer Expense $30
  • New Taxes Expense $4,963
  • Operating Expense $5,583
  • Gross Income $28,800
  • Net Operating Income $20,095

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

2,335 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 30.00
  • Property Type: Residential Income
  • Parcel Number: 7304002008
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 166.67

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 20.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2335.00
  • Lot Size Acres: 0.0536
  • Latitude Manual: 33.88025000

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 28800.00
  • Gross Operating Income: 27360.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 2335.0000 Square Feet
  • Net Operating Income: 20095.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 7265.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 5583.00

Tax Info

  • New Taxes Expense: 4963.00
  • Tax Area: 5490
  • Tax Lot: 6
  • Tax Tract Number: 6792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2007
Sold by
Sanders Addie B
Bought by
Sanders James C
Current Estimated Value
$409,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$121,054
Interest Rate
6.46%
Mortgage Type
Commercial
Estimated Equity
$288,376

Purchase Details

Closed on
Sep 18, 2007
Sold by
Greater United Faith Apostolic Church
Bought by
Sanders James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$121,054
Interest Rate
6.46%
Mortgage Type
Commercial
Estimated Equity
$288,376
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Sanders James C -- Financial Title Company
Sanders James C -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders James C $195,000
Closed Sanders James C $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2021 03/13/21 Sold $320,000 -8.6% $167 / Sq Ft
08/17/2020 08/17/20 Price Changed $349,999 -7.7% $182 / Sq Ft
07/27/2020 07/27/20 Price Changed $379,000 -2.8% $197 / Sq Ft
01/20/2020 01/20/20 For Sale $390,000 -- $203 / 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 $4,637 $346,377 $146,128 $200,249
2024 $4,637 $339,586 $143,263 $196,323
2023 $4,565 $332,928 $140,454 $192,474
2022 $4,299 $326,400 $137,700 $188,700
2021 $3,507 $260,887 $139,544 $121,343
2020 $3,498 $258,213 $138,114 $120,099
2019 $3,456 $253,151 $135,406 $117,745
2018 $3,337 $248,188 $132,751 $115,437
2016 $3,061 $238,553 $127,598 $110,955
2015 $2,941 $234,971 $125,682 $109,289
2014 $2,920 $230,370 $123,221 $107,149
Source: Public Records

Agents Affiliated with this Home

  • Otis Clayton

    Seller's Agent in 2021

    Otis Clayton

    Coldwell Banker Envision

    (310) 702-7097

    3 Total Sales

    Otis Clayton
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20015795

California Regional Multiple Listing Service (CRMLS)

APN: 7304-002-008

California Los Angeles County Long Beach 90805 Starr King

6950 Long Beach Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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