Seller's Agent in 2019
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
41 Total Sales
836 Linden Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,762,000
3
Beds
3
Baths
5,212
Sq Ft
$338/Sq Ft
Est. Value
About This Home
As of December 2019We are pleased to present a six-unit multifamily community located in the excellent rental market of Downtown Long Beach, California. Built in 1931, the property has approximately 5,212 rentable square feet on an 8,212-square foot lot. Located on a quiet street, the building has a great unit mix of two studios, two one-bedroom / one-bathroom units, and two two-bedroom / two-bathroom units. The subject property has ample parking for tenants convenience.
The property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of-ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $3.3 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed late 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi-family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 06/27/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1931
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 5 Car Garage
Home Design
- Property Attached
Interior Spaces
- 5,212 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 1 / 21
- Tax Tract Number 576301
- Assessor Parcel Number 7274016003
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,008
- Fuel Expense $1,008
- Gardener Expense $1,406
- Insurance Expense $2,207
- Maintenance Expense $3,862
- Other Expense $1,117
- Professional Management Expense $4,828
- Trash Expense $1,008
- Water Sewer Expense $1,008
- New Taxes Expense $18,851
- Operating Expense $36,302
- Gross Income $96,554
- Net Operating Income $60,252
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2019
Closed on
Jan 23, 2020
Sold by
Cpr Canoga Associates
Bought by
Hoffman Gary and Julie Hoffman Llc
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,695,000
Sold Price
$1,485,000
Premium/Discount to List
-$210,000
-12.39%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,000
Avg. Annual Appreciation
2.87%
Purchase Details
Listed on
Jun 27, 2019
Closed on
Jan 22, 2020
Sold by
American Independence Ltd
Bought by
Cpr Canoga Associates
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,695,000
Sold Price
$1,485,000
Premium/Discount to List
-$210,000
-12.39%
Purchase Details
Closed on
Oct 17, 2019
Sold by
Fullman Donald G and Fullman April H
Bought by
Hoffman Gary and Julie Hoffman Llc
Purchase Details
Closed on
Aug 25, 2016
Sold by
Emkat Llc
Bought by
Fullman Donald G and Fullman April H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 23, 2014
Sold by
Frakebrown Llc
Bought by
Emkat Llc
Purchase Details
Closed on
Sep 30, 2010
Sold by
Frake Victor S and Brown Pamela S
Bought by
Frakebrown Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hoffman Gary | $459,000 | Pacific Coast Title Company | |
| Cpr Canoga Associates | $459,000 | None Available | |
| Hoffman Gary | $1,485,000 | Fidelity National Title Co | |
| Fullman Donald G | $1,149,000 | Lawyers Title | |
| Emkat Llc | -- | None Available | |
| Frakebrown Llc | -- | Accommodation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fullman Donald G | $690,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/17/2019 12/17/19 | Sold | $1,485,000 | -6.9% | $285 / Sq Ft | |
| 11/25/2019 11/25/19 | Pending | -- | -- | -- | |
| 09/05/2019 09/05/19 | Price Changed | $1,595,000 | -3.3% | $306 / Sq Ft | |
| 07/24/2019 07/24/19 | Price Changed | $1,650,000 | -2.7% | $317 / Sq Ft | |
| 06/27/2019 06/27/19 | For Sale | $1,695,000 | +47.5% | $325 / Sq Ft | |
| 10/27/2016 10/27/16 | Sold | $1,149,000 | 0.0% | $220 / Sq Ft | View Prior Sale |
| 08/23/2016 08/23/16 | Pending | -- | -- | -- | |
| 05/09/2016 05/09/16 | For Sale | $1,149,000 | -- | $220 / 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 | $21,055 | $1,624,058 | $1,055,365 | $568,693 |
| 2024 | $21,055 | $1,592,215 | $1,034,672 | $557,543 |
| 2023 | $20,699 | $1,560,996 | $1,014,385 | $546,611 |
| 2022 | $19,436 | $1,530,390 | $994,496 | $535,894 |
| 2021 | $19,037 | $1,500,384 | $974,997 | $525,387 |
| 2020 | $18,987 | $1,485,400 | $965,000 | $520,400 |
| 2019 | $15,614 | $1,195,819 | $832,320 | $363,499 |
| 2018 | $15,171 | $1,172,380 | $816,000 | $356,380 |
| 2016 | $6,071 | $445,276 | $115,433 | $329,843 |
| 2015 | $5,846 | $438,589 | $113,700 | $324,889 |
| 2014 | $5,837 | $429,998 | $111,473 | $318,525 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
6,201 Total Sales
-
Marty Eisenberg
Seller's Agent in 2016
Marty Eisenberg
Coldwell Banker Realty
(562) 805-7777
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19152539
APN: 7274-016-003
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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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