NOT LISTED FOR SALE
9 Beds
7 Baths
4,304 Sq Ft
5,020 Sq Ft Lot

Last Sold June 20, 2019

Last sale price $1,525,000 $354 Per Sq Ft

30 Days on Market

About This Home

As of June 2019

Recently renovated 7 unit multi-family apartment with rental upside. Just blocks to the Downtown Long Beach developments. The property consists of one three-bed/one-bath unit & six one-bed/one-bath units along with on-site laundry & a one-car garage. Property is separately metered for gas, water and electric.

Last Agent to Sell the Property

Travis Lebouf

Platinum Properties R.E. License #01938822 Listed on: 04/09/2019

Co-Listed By

Anthony Walker

Buckingham Investments, Inc License #01908153

Last Buyer's Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,020 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 4,304 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11933
  • Assessor Parcel Number 7274020005

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Operating Expense $40,694
  • Gross Income $116,190
  • Net Operating Income $69,709

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

5,020 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7274020005
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 354.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5020.00
  • Lot Size Acres: 0.1152

Multi Family

  • Gross Income: 116190.00
  • Gross Scheduled Income: 115740.00
  • Laundry Income: 450.00
  • Lot Size Area: 5020.0000 Square Feet
  • Net Operating Income: 69709.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 40694.00
  • Rent Control: No
  • Total Actual Rent: 9645.00
  • Total Expenses: 40694.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 5763.02
  • Tax Lot: 1
  • Tax Tract Number: 11933
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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 Prior Sale
06/20/2019 06/20/19 Sold $1,525,000 +1.7% $354 / Sq Ft
04/09/2019 04/09/19 For Sale $1,500,000 +76.5% $349 / Sq Ft
04/17/2015 04/17/15 Sold $850,000 0.0% $197 / Sq Ft View Prior Sale
02/12/2015 02/12/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $850,000 -- $197 / 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 $22,014 $1,701,162 $1,104,362 $596,800
2024 $22,014 $1,667,807 $1,082,708 $585,099
2023 $21,637 $1,635,106 $1,061,479 $573,627
2022 $20,311 $1,603,046 $1,040,666 $562,380
2021 $19,898 $1,571,614 $1,020,261 $551,353
2020 $19,847 $1,556,280 $1,009,800 $546,480
2019 $12,242 $916,558 $641,046 $275,512
2018 $11,890 $898,603 $628,477 $270,126
2016 $10,939 $862,961 $604,073 $258,888
2015 $9,273 $740,000 $474,900 $265,100
2014 -- $630,000 $404,300 $225,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19080645

California Regional Multiple Listing Service (CRMLS)
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