NOT LISTED FOR SALE

820 E 15th St Long Beach, CA 90813

Central Neighborhood
8 Beds
6 Baths
3,668 Sq Ft
6,800 Sq Ft Lot

Last Sold March 07, 2017

Last sale price $925,000 $252 Per Sq Ft

65 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Fenced
  • Long Beach Polytechnic High School Rated A
  • ENERGY STAR Qualified Windows
  • Carpet

About This Home

As of March 2017

Great Investment Opportunity to purchase 6 Units complex in central Long Beach very close to downtown, across street from Long Beach Polytechnic High School, New double pane energy star Windows in All units, Fresh Exterior Paint, 5 Units Had been Completely redone with new flooring, new paint, Kitchen cabinet, Window covering. 5.5% cap rate based on the gross potential rent.

Last Agent to Sell the Property

Anwar Markos

THE BROKER'S REAL ESTATE GROUP License #01114293 Listed on: 10/11/2016

Last Buyer's Agent

Michael Borba

Borba Investment Realty License #01380572

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,800 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Density is 21-25 Units/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Common Roof

Interior Spaces

  • 3,668 Sq Ft Home
  • ENERGY STAR Qualified Windows
  • Blinds
  • Window Screens

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Tax Tract Number 5753
  • Assessor Parcel Number 7268008004

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $200
  • Trash Expense $50
  • Water Sewer Expense $250
  • New Taxes Expense $9,900
  • Operating Expense $500
  • Gross Income $6,800
  • Net Operating Income $6,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Atlantic Plaza (APZ)
  • Water Sewer Expenses: 250.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7268008004
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Levels: Two
  • Price Per Square Foot: 252.18
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Common Roof, Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Near Public Transit
  • Lot Size Sq Ft: 6800.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6800.00
  • Gross Operating Income: 6800.00
  • Gross Scheduled Income: 6800.00
  • Insurance Expense: 200.00
  • Net Operating Income: 6300.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Expenses: 500.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 9900.00
  • Tax Lot: 16
  • Tax Tract Number: 5753.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/07/2017 03/07/17 Sold $925,000 -5.1% $252 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $974,900 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anwar Markos

    Seller's Agent in 2017

    Anwar Markos

    THE BROKER'S REAL ESTATE GROUP

    (714) 345-3442

    15 Total Sales

    Anwar Markos
    Section Image

  • M

    Buyer's Agent in 2017

    Michael Borba

    Borba Investment Realty

    (562) 924-3858

    10 Total Sales

    Michael Borba
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16732986

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Central

820 E 15th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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