NOT LISTED FOR SALE
10 Beds
7 Baths
5,438 Sq Ft
5,848 Sq Ft Lot

Sale Details

Date Sold: October 17, 2022

Last sale price $2,050,000 $377 Per Sq Ft

16 Days on Market

About This Home

As of October 2022

826 Euclid Ave is a well-positioned 7-Unit building located on a quiet residential street in East Long Beach. Built in 1954, the 5,438 SF building sits on a 5,848 SF lot, and features (3) 2-bed/1-bath units, and (4) 1-bed/1-bath units. The property also includes (4) single car garages with (3) uncovered spaces and a shared laundry space. The property boasts a 3.37% Cap Rate with a 5.06 Market CAP, and is located near Jefferson Leadership Academy Middle School & Woodrow Wilson High School.
Given the ideal location in a desirable city and consistent rental income this building provides, 826 Euclid is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner-user.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 08/06/2022

Lyon Stahl Investment Real Est

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,848 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 5,438 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254015032
  • $1,252 per year additional tax assessments

Community Details

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,263
  • Maintenance Expense $3,724
  • Other Expense $5,600
  • Professional Management Expense $6,207
  • New Taxes Expense $27,158
  • Operating Expense $47,152
  • Gross Income $120,416
  • Net Operating Income $73,264

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

5,848 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 6207.00
  • Property Attached: Yes
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7254015032
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 376.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5848.00
  • Lot Size Acres: 0.1343

Multi Family

  • Gross Income: 120416.00
  • Gross Scheduled Income: 124140.00
  • Insurance Expense: 3263.00
  • Lot Size Area: 5848.0000 Square Feet
  • Maintenance Expense: 3724.00
  • Net Operating Income: 73264.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 47152.00
  • Other Expense: 5600.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 10345.00
  • Total Expenses: 47152.00

Tax Info

  • New Taxes Expense: 27158.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 10
  • Tax Tract Number: 5770
  • TaxOtherAnnualAssessmentAmount: 1252.08

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2022
Closed on
Sep 26, 2022
Sold by
Bought by
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Jon Swire
The Agency
List Price
$2,175,000
Sold Price
$2,050,000
Premium/Discount to List
-$125,000
-5.75%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Outstanding Balance
$1,174,153
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,050,000 Fidelity National Title
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,240,000
Previous Owner $16,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/17/2022 10/17/22 Sold $2,050,000 -5.7% $377 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/06/2022 08/06/22 For Sale $2,175,000 -- $400 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,589 $2,132,820 $1,248,480 $884,340
2024 $27,346 $2,091,000 $1,224,000 $867,000
2023 $26,883 $2,050,000 $1,200,000 $850,000
2022 $3,405 $174,370 $32,770 $141,600
2021 $3,288 $170,952 $32,128 $138,824
2019 $3,241 $165,883 $31,176 $134,707
2018 $3,078 $162,631 $30,565 $132,066
2016 $2,815 $156,318 $29,379 $126,939
2015 $2,727 $153,971 $28,938 $125,033
2014 $2,751 $150,956 $28,372 $122,584
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22172595

California Regional Multiple Listing Service (CRMLS)
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