NOT LISTED FOR SALE
2 Beds
2 Baths
11,556 Sq Ft
0.3 Acres

Last Sold August 28, 2013

Last sale price $2,158,000 $187 Per Sq Ft

28 Days on Market

Highlights

  • 0.3 Acre Lot
  • No HOA
  • Parking Storage or Cabinetry
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Controlled Entrance

About This Home

As of August 2013

Standard Sale on an Outstanding Location minutes from the Beach!!! Two separate apartment buildings each building consist of 8 spacious and bright two bedrooms/ two bathrooms units. Upgraded kitchen with granite countertop and functional balconies. Stepping out from the Cathedral ceiling 8-units on the third-floor to enjoy tree view and ocean breeze. Central gate into twenty-four (24) parking spaces and plenty of storage spaces. Spaces in each building for Laundry room. Apartment could possible converted to condo conversion ( Buyers and Buyer's agent please check with the city for confirmation). Excellent opportunity to own an incredible investment property. There are two (2) Parcels for the listing . Property address is 822 & 830 Saint Louis Ave Long Beach.

Last Agent to Sell the Property

Michelle Nguyen

HomeSmart, Evergreen Realty License #01768531 Listed on: 05/08/2013

Last Buyer's Agent

Michelle Nguyen

HomeSmart, Evergreen Realty License #01768531 Listed on: 05/08/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 24 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Off-Street Parking
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Property Attached

Interior Spaces

  • 11,556 Sq Ft Home
  • Entryway
  • Carpet
  • Laundry Room

Kitchen

  • Gas and Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 9
  • Tax Tract Number 2250
  • Assessor Parcel Number 7262010028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,000
  • Trash Expense $600
  • Water Sewer Expense $4,200
  • New Taxes Expense $11,242
  • Gross Income $15,000
  • Net Operating Income $169,958

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

24

Listing Details

  • Other Phone Description: 949-439-6496
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Parcel Number: 7262010028
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 186.74
  • Room Type: Entry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 24.00
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Covered, Off Street, Built-In Storage
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range
  • Laundry Features: Community
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 13008.00
  • Lot Size Acres: 0.2990

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 15000.00
  • Gross Scheduled Income: 192000.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 13008.0000 Square Feet
  • Net Operating Income: 169958.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 16
  • Operating Expense: 22042.00
  • Rent Control: No
  • Total Actual Rent: 15000.00

Tax Info

  • New Taxes Expense: 11242.00
  • Tax Lot: 9
  • Tax Tract Number: 2250

Range of Values:

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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
08/28/2013 08/28/13 Sold $2,158,000 -7.8% $187 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $2,340,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13084896

California Regional Multiple Listing Service (CRMLS)