A
Seller's Agent in 2018
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
17 Total Sales
822 E 20th St Long Beach, CA 90806
Sunrise Neighborhood
10
Beds
8
Baths
5,058
Sq Ft
6,534
Sq Ft
Highlights
- Private Yard
- Long Beach Polytechnic High School Rated A
- Paved or Partially Paved Lot
About This Home
As of June 2018Eight 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
eXp Realty of Greater L.A License #01946829 Listed on: 04/17/2018
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
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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 |
|---|---|---|---|---|
| 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
| 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 | $24,060 | $1,766,476 | $568,913 | $1,197,563 |
| 2024 | $23,013 | $1,731,840 | $557,758 | $1,174,082 |
| 2023 | $22,618 | $1,697,883 | $546,822 | $1,151,061 |
| 2022 | $21,237 | $1,664,592 | $536,100 | $1,128,492 |
| 2021 | $20,799 | $1,631,954 | $525,589 | $1,106,365 |
| 2020 | $20,745 | $1,615,221 | $520,200 | $1,095,021 |
| 2019 | $20,501 | $1,583,550 | $510,000 | $1,073,550 |
| 2018 | $11,469 | $850,293 | $316,879 | $533,414 |
| 2016 | $10,549 | $817,276 | $304,575 | $512,701 |
| 2015 | $7,933 | $608,768 | $251,142 | $357,626 |
| 2014 | -- | $596,844 | $246,223 | $350,621 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew McAllister
-
J
Buyer's Agent in 2018
Jeffrey Billinger
The Hills Premier Realty, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS18088104
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.
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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