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

Sale Details

Date 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 in unit
  • 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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2020
Sold by
Bought by

Purchase Details

Listed on
Apr 9, 2019
Closed on
Jun 16, 2019
Sold by
Bought by
Seller's Agent
Travis Lebouf
Platinum Properties R.E.
Buyer's Agent
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
0.041%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 9, 2019
Closed on
May 28, 2019
Sold by
Bought by
Seller's Agent
Travis Lebouf
Platinum Properties R.E.
Buyer's Agent
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
0.041%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 5, 2015
Closed on
Mar 12, 2015
Sold by
Bought by
Seller's Agent
Steve Day
Day & Associates
Buyer's Agent
Travis Lebouf
Platinum Properties R.E.
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Original Mortgage
$595,000
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Accommodation
-- Chicago Title Company
$1,525,000 Chicago Title Company
$850,000 Usa National Title Company
$785,000 --
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
Open $1,312,500
Closed $1,050,000
Previous Owner $595,000
Previous Owner $547,000
Previous Owner $470,000
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 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

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
2025 $22,128 $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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