Seller's Agent in 2014
Arnold Ver
KINGSTON REALTY
(626) 905-0919
4 Total Sales
827 Pacific Ave Long Beach, CA 90813
Willmore Neighborhood
3
Beds
3
Baths
6,932
Sq Ft
7,502
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- No HOA
- East Facing Home
- Spanish Architecture
- Laundry Room
- Paved or Partially Paved Lot
About This Home
As of February 2014High rental demand 13 units apartment built in 1939/1960 redesigned with Spanish accent in recent yrs. In a good neighborhood just a mile to the beach, accessible to bus and train and walking distance to commercial conveniences. This apartment is a good mix of 6 - 1bd 1ba, 6 - studios and 1 - 2bd 1ba; buildings with no major deferred maintenance and professionally managed. This can be a good bread and butter income generator for an owner manager or for a passive investor and keep the manager in place. Rent roll is very reasonable and there is room to upgrade. Landlord provides water and hot water, tenants pay waste fee, gas and electric. Seller has option to do a 1031 Tax Exchange at no cost to Buyer. Can you imagine owning this wonderful investment property and stay close to the beach? Make your move today!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 7,502 Sq Ft Lot
- Lot Dimensions are 50 x 150
- Two or More Common Walls
- East Facing Home
- Paved or Partially Paved Lot
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Spanish Architecture
- Property Attached
- Stucco
Interior Spaces
- 6,932 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 2
- Assessor Parcel Number 7272013013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- 11 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,870
- Gardener Expense $200
- Insurance Expense $2,500
- Maintenance Expense $9,780
- Pest Control $720
- Professional Management Expense $11,200
- Trash Expense $300
- Water Sewer Expense $5,600
- New Taxes Expense $16,000
- Gross Income $11,335
- Net Operating Income $81,970
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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 |
|---|---|---|---|---|
| 02/18/2014 02/18/14 | Sold | $1,525,000 | -7.5% | $220 / Sq Ft |
| 12/30/2013 12/30/13 | Pending | -- | -- | -- |
| 09/10/2013 09/10/13 | For Sale | $1,649,000 | -- | $238 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $24,946 | $1,869,429 | $1,311,667 | $557,762 |
| 2024 | $24,946 | $1,832,775 | $1,285,949 | $546,826 |
| 2023 | $24,509 | $1,796,839 | $1,260,735 | $536,104 |
| 2022 | $23,025 | $1,761,608 | $1,236,015 | $525,593 |
| 2021 | $22,531 | $1,727,068 | $1,211,780 | $515,288 |
| 2019 | $22,209 | $1,677,964 | $1,175,839 | $502,125 |
| 2018 | $21,605 | $1,645,105 | $1,152,784 | $492,321 |
| 2016 | $19,882 | $1,579,188 | $1,108,021 | $471,167 |
| 2015 | $19,099 | $1,555,468 | $1,091,378 | $464,090 |
| 2014 | $15,888 | $1,250,000 | $423,700 | $826,300 |
Source: Public Records
Agents Affiliated with this Home
-
Arnold Ver
-
Tad Thormodsgaard
Buyer's Agent in 2014
Tad Thormodsgaard
eXp Realty of California Inc
(310) 308-9772
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV13184074
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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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