NOT LISTED FOR SALE

729 Elm Ave Long Beach, CA 90813

Saint Mary's Neighborhood
1 Bed
5 Baths
6,060 Sq Ft
7,496 Sq Ft Lot

Last Sold June 15, 2015

Last sale price $1,395,000 $230 Per Sq Ft

18 Days on Market

About This Home

As of June 2015

We are pleased to present a 13-unit apartment building located at 729 Elm Avenue in Long Beach, California. The subject property is located just blocks east of Long Beach Boulevard. Built in 1923, the subject property consists of 6,060 rentable square feet on a 7,496-square foot lot. There is one two-story building that contains four one-bedroom/one-bathroom units and nine studio/one-bathroom units. The subject property is separately metered for gas and electricity, keeping expenses to a minimum.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 03/26/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,496 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 6,060 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 5 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 57630
  • Assessor Parcel Number 7273020014

Community Details

Overview

  • 13 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 13 Separate Water Meters
  • Electric Expense $5,387
  • Gardener Expense $1,235
  • Insurance Expense $4,347
  • Maintenance Expense $8,800
  • Other Expense $3,250
  • Professional Management Expense $1,492
  • New Taxes Expense $15,862
  • Gross Income $10,809
  • Net Operating Income $76,688

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Price Per Unit: 107308
  • Professional Management Expense: 1492.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Gardener Expense: 1235.00
  • Parcel Number: 7273020014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 230.20

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7496.00
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 5387.00
  • Gross Income: 10809.00
  • Gross Scheduled Income: 129708.00
  • Insurance Expense: 4347.00
  • Lot Size Area: 7496.0000 Square Feet
  • Maintenance Expense: 8800.00
  • Net Operating Income: 76688.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 13
  • Number Of Units Total: 13
  • Operating Expense: 46534.00
  • Other Expense: 3250.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15862.00
  • Tax Lot: 15
  • Tax Tract Number: 57630
  • Tax Year: 2014

Range of Values:

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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 Change Sq Ft Price
06/15/2015 06/15/15 Sold $1,395,000 0.0% $230 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $1,395,000 +29.8% $230 / Sq Ft
01/12/2012 01/12/12 Sold $1,075,000 -22.9% $177 / Sq Ft
01/10/2012 01/10/12 Pending -- -- --
07/01/2011 07/01/11 For Sale $1,395,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2015

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    1 in this area

    45 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,772 Total Sales

    Section Image

  • B

    Seller's Agent in 2012

    Benjamin Swift

    Corcoran Global Living

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15063395

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Saint Mary's

729 Elm Ave, Long Beach, CA

This home is located at 729 Elm Ave, Long Beach, CA 90813 since 26 March 2015. This property was built in 1923. 729 Elm Ave is a home located in Los Angeles County with nearby schools including Oropeza Elementary, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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