Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
158 Total Sales
729 Lime Ave Long Beach, CA 90813
Saint Mary's Neighborhood
6
Beds
4
Baths
6,696
Sq Ft
7,405
Sq Ft Lot
Highlights
- 7,405 Sq Ft lot
- No HOA
- Landscaped
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 1-Story Property
About This Home
As of October 2018729 Lime Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California.
Specifically, the property is located just a short walk to Downtown Long Beach and minutes to Alamitos Beach. The 6,696 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Built in 1923, the property offers amenities including single-story construction with gated entry and on-site laundry. With in-place rents approximately 28 percent below market rates, 729 Lime Avenue represents an attractive value-add opportunity.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 07/12/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Landscaped
Interior Spaces
- 6,696 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 576302
- Assessor Parcel Number 7274017029
Community Details
Overview
- No Home Owners Association
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- Electric Expense $3,750
- Fuel Expense $3,750
- Insurance Expense $2,718
- Maintenance Expense $7,800
- Other Expense $4,650
- Professional Management Expense $7,716
- Trash Expense $3,750
- Water Sewer Expense $3,750
- New Taxes Expense $29,842
- Operating Expense $67,726
- Gross Income $159,060
- Net Operating Income $86,598
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2018 10/12/18 | Sold | $2,100,000 | -8.7% | $314 / Sq Ft |
| 09/04/2018 09/04/18 | Pending | -- | -- | -- |
| 07/12/2018 07/12/18 | For Sale | $2,300,000 | -- | $343 / 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 | $30,787 | $2,342,584 | $1,639,810 | $702,774 |
| 2024 | $30,787 | $2,296,652 | $1,607,657 | $688,995 |
| 2023 | $30,250 | $2,251,621 | $1,576,135 | $675,486 |
| 2022 | $28,405 | $2,207,473 | $1,545,231 | $662,242 |
| 2021 | $27,812 | $2,164,190 | $1,514,933 | $649,257 |
| 2019 | $27,413 | $2,100,820 | $1,470,000 | $630,820 |
| 2018 | $21,422 | $1,622,620 | $1,132,200 | $490,420 |
| 2016 | $15,704 | $1,211,574 | $849,137 | $362,437 |
| 2015 | $15,097 | $1,193,376 | $836,383 | $356,993 |
| 2014 | $15,941 | $1,248,564 | $724,614 | $523,950 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Jon Swire
Buyer's Agent in 2018
Jon Swire
The Agency
(310) 948-2631
2 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18168318
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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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