NOT LISTED FOR SALE

907 Grand Ave Long Beach, CA 90804

Recreation Park Neighborhood
3 Beds
2 Baths
8,810 Sq Ft
5,874 Sq Ft Lot

Last Sold May 22, 2019

Last sale price $3,100,000 $352 Per Sq Ft

About This Home

As of May 2019

13-unit Property consists of 7 two bedroom, one bath units at 907 Grand Avenue (built in 1963) and 6 one bedroom, one bath units at 917-927 Grand Ave (built in the 1930s). Two separate tax parcels but being marketed and sold as one property. Lots of exterior upgrades. Unit interiors need upgrading but there is plenty of upside rent potential.

Last Agent to Sell the Property

William Smith

Bryant Drive Properties, Inc. License #01431853 Listed on: 03/29/2019

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,874 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 8,810 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 025
  • Tax Tract Number 15
  • Assessor Parcel Number 7254015025

Community Details

Overview

  • 4 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,980
  • Insurance Expense $3,000
  • Professional Management Expense $13,275
  • Water Sewer Expense $6,900
  • New Taxes Expense $38,750
  • Operating Expense $65,775
  • Gross Income $183,900
  • Net Operating Income $112,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 13275.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 6900.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 1980.00
  • Parcel Number: 7254015025
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 351.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5874.00
  • Lot Size Acres: 0.1348

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Gross Income: 183900.00
  • Gross Scheduled Income: 183900.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5874.0000 Square Feet
  • Net Operating Income: 112608.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 13
  • Operating Expense: 65775.00
  • Rent Control: No
  • Total Expenses: 65775.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 38750.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 025
  • Tax Tract Number: 015

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
05/22/2019 05/22/19 Sold $3,100,000 0.0% $352 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $3,100,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2019

    William Smith

    Bryant Drive Properties, Inc.

    (562) 607-8580

    7 Total Sales

    William Smith
    Section Image
  • Cameron Samimi

    Buyer's Agent in 2019

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    1 in this area

    206 Total Sales

    Cameron Samimi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19070100

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Recreation Park

907 Grand Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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