NOT LISTED FOR SALE

822 E 20th St Long Beach, CA 90806

Sunrise Neighborhood
10 Beds
8 Baths
5,058 Sq Ft
6,504 Sq Ft Lot

Last Sold June 08, 2018

Last sale price $1,552,500 $307 Per Sq Ft

7 Days on Market

Highlights

  • Private Yard
  • Long Beach Polytechnic High School Rated A
  • Paved or Partially Paved Lot

About This Home

As of June 2018

Eight unit Spanish style complex in the City of Long Beach. Unit mix is comprised of (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath & (1) Studio units. Current ownership has made significant interior & exterior improvements over the past two years including upgraded faux wood flooring, granite counters, new cabinets, stainless steel appliances & modernized bathrooms. Exterior improvements include new paint, new roof, concrete patios have been sealed, new vinyl wood plank fencing throughout the property for added privacy & replaced metal hand-railing/remote access gate. This is a stabilized cash flowing assets with realistic upside in rents by remodeling the remaining 4 units as they turn. Market cap rate well over 6.0%.

Last Agent to Sell the Property

Andrew McAllister

eXp Realty of Greater L.A License #01946829 Listed on: 04/17/2018

eXp Realty of Greater L.A

Last Buyer's Agent

Jeffrey Billinger

The Hills Premier Realty, Inc. License #01475932

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,504 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Private Yard

Interior Spaces

  • 5,058 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5732
  • Assessor Parcel Number 7210011002

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $30
  • Fuel Expense $1,628
  • Gardener Expense $938
  • Insurance Expense $2,000
  • Maintenance Expense $3,852
  • Other Expense $1,600
  • Trash Expense $2,288
  • Water Sewer Expense $3,870
  • New Taxes Expense $19,372
  • Operating Expense $37,229
  • Gross Income $119,220
  • Net Operating Income $78,415

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.93
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 3870.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 938.00
  • Parcel Number: 7210011002
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 306.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2288.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Paved, Yard
  • Lot Size Sq Ft: 6504.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 30.00
  • Fuel Expense: 1628.00
  • Gross Income: 119220.00
  • Gross Multiplier: 13.34
  • Gross Operating Income: 115643.00
  • Gross Scheduled Income: 119220.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 3852.00
  • Net Operating Income: 78415.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 37229.00
  • Operating Expense Percent: 32.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 9935.00
  • Total Expenses: 37229.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19372.00
  • Tax Area: 5500
  • Tax Census Tract: 5732.02
  • Tax Lot: 2
  • Tax Tract Number: 5732

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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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 List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $1,552,500 -2.4% $307 / Sq Ft
04/17/2018 04/17/18 For Sale $1,590,000 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Andrew McAllister

    eXp Realty of Greater L.A

    (562) 423-8134

    17 Total Sales

    Andrew McAllister
    Section Image

  • J

    Buyer's Agent in 2018

    Jeffrey Billinger

    The Hills Premier Realty, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18088104

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

822 E 20th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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