NOT LISTED FOR SALE
8 Beds
9 Baths
4,602 Sq Ft
7,490 Sq Ft Lot

Last Sold June 16, 2014

Last sale price $755,000 $164 Per Sq Ft

103 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Craftsman Village Park

About This Home

As of June 2014

The listed property is in a prime rental location in Long Beach. It includes recently updated plumbing and electric, off street parking, and individually metered units.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 01/15/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,490 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Density is 6-10 Units/Acre

Home Design

  • 4,602 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267025009

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $2,135
  • Maintenance Expense $2,250
  • Other Expense $2,000
  • Professional Management Expense $3,990
  • Water Sewer Expense $5,150
  • New Taxes Expense $10,107
  • Gross Income $7,000
  • Net Operating Income $54,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,490 Sq Ft Lot

Listing Details

  • CapRate: 6.77
  • Professional Management Expense: 3990.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 5150.00
  • Property Type: Residential Income
  • Parcel Number: 7267025009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 164.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre, Lot 6500-9999, Paved, Walkstreet
  • Lot Size Sq Ft: 7490.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 7000.00
  • Gross Multiplier: 9.52
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2135.00
  • Lot Size Area: 7490.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 54178.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 25632.00
  • Operating Expense Percent: 30.50
  • Other Expense: 2000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 6500.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10107.00
  • Tax Lot: 20
  • Tax Tract Number: 5764
  • Tax Year: 2012
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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 List to Sale Price per Sq Ft
06/16/2014 06/16/14 Sold $755,000 -13.7% $164 / Sq Ft
04/28/2014 04/28/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $875,000 -- $190 / 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 $12,931 $925,517 $649,702 $275,815
2024 $12,931 $907,370 $636,963 $270,407
2023 $12,698 $889,579 $624,474 $265,105
2022 $11,945 $872,137 $612,230 $259,907
2021 $11,675 $855,037 $600,226 $254,811
2020 $11,645 $847,031 $594,072 $252,959
2019 $11,509 $830,438 $582,424 $248,014
2018 $11,121 $814,170 $571,004 $243,166
2017 $11,001 $797,461 $559,808 $237,653
2016 $10,239 $781,826 $548,832 $232,994
2015 $9,846 $770,084 $540,589 $229,495
2014 $10,790 $840,393 $367,671 $472,722
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14010010

California Regional Multiple Listing Service (CRMLS)
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