NOT LISTED FOR SALE
7 Beds
5 Baths
3,128 Sq Ft
7,501 Sq Ft Lot

Last Sold November 09, 2016

Last sale price $843,100 $270 Per Sq Ft

129 Days on Market

Highlights

  • 7,501 Sq Ft lot
  • Craftsman Architecture
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Double Pane Windows

About This Home

As of November 2016

Welcome to the heart of Long Beach. Don't miss this investment opportunity. SFR plus 4 units has had over $100,000 invested in renovating this beautiful property ! It is perfect for owner occupied. The Front Home is a single family home 3 bedroom and 2 bathroom. This Long Beach Classic boasts beautiful features such as lush dark wood doors throughout, crown molding, and beam ceilings, formal dining area, remodeled kitchen, inside laundry. Behind the scenes this SFR has new electrical, new copper plumbing, drywall, heater, and front yard sprinkler system. Gazing at the property you can apperciate the care given by the tenants as they keep the landscaped yard looking prime behind the 3 year old gate. The back 4 units comprised of 1 bed and 1 bath each most with lots of upgrades as well including remodeled kitchens, and baths, windows and new window treatments, custom moldings, and laminate flooring. 2 buildings with 2 units each both w/new roof, new walls,. Each unit is individually metered with electric and gas and has its own new water heater. Each unit has 2 entry/exits and is well lit! Total of 3 separate single car garages, and 3 parking spaces in front of each garage. Garage maybe included in the rents or rented out separately.

Last Agent to Sell the Property

Leslie Stonick

Compass License #01363678 Listed on: 06/15/2016

Compass

Co-Listed By

Betsy Hutchinson

First Team Real Estate License #01998246

Last Buyer's Agent

Marty Eisenberg

Coldwell Banker Realty License #00801228

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 7,501 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • East Facing Home
  • Wrought Iron Fence
  • Partially Fenced Property
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Three Garage Doors
  • Driveway
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,128 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Laminate Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 2 / 22
  • Tax Tract Number 576302
  • Assessor Parcel Number 7274016025

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Professional Management Expense $3,000
  • Trash Expense $300
  • Water Sewer Expense $1,860
  • Operating Expense $6,000
  • Net Operating Income $57,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1919 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.60
  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Water Sewer Expenses: 1860.00
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic, Updated/Remodeled, Repairs Major, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7274016025
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Crown Molding, Laminate Counters, Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 269.53
  • Room Type: All Bedrooms Down, Family Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Fencing: Partial, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage - Three Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7501.00
  • Price Per Lot Square Foot: 118.78

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 62100.00
  • Net Operating Income: 57300.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 4800.00
  • Rent Control: Yes
  • Total Expenses: 6000.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • Tax Block: 22
  • Tax Lot: 2
  • Tax Tract Number: 576302
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/09/2016 11/09/16 Sold $843,100 -5.4% $270 / Sq Ft
10/22/2016 10/22/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $891,000 -- $285 / 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 $12,975 $978,483 $684,742 $293,741
2024 $12,975 $959,298 $671,316 $287,982
2023 $12,753 $940,489 $658,153 $282,336
2022 $11,984 $922,049 $645,249 $276,800
2021 $11,737 $903,971 $632,598 $271,373
2020 $11,706 $894,903 $626,112 $268,791
2019 $11,570 $877,361 $613,836 $263,525
2018 $11,171 $860,162 $601,800 $258,362
2016 $3,559 $245,209 $163,849 $81,360
2015 $3,432 $241,526 $161,388 $80,138
2014 $3,437 $236,796 $158,227 $78,569
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16136163

California Regional Multiple Listing Service (CRMLS)