$750,000
SOLD FEB 18, 2016
2 Beds
2 Baths
4,200 Sq Ft
2,489 Sq Ft Lot

Recently Sold

$179 Per Sq Ft

12% Below List Price

77 Days on Market

About This Home

As of June 2017

We are pleased to present a six unit apartment building located at 920 North Washinton Place in Long
Beach, California. The subject property is located just a block East of Alamitos Avenue and a block South of 10th Street.
Built in 1924, the subject property consists of 4,200 rentable square feet on a 2,488 square foot lot. The building is three
stories, containing six one bedroom / one bathroom units.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 10/06/2015

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 2,489 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 4,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 576302
  • Assessor Parcel Number 7274022006

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $780
  • Insurance Expense $1,470
  • Maintenance Expense $4,080
  • Other Expense $1,200
  • Professional Management Expense $3,411
  • Trash Expense $780
  • Water Sewer Expense $780
  • New Taxes Expense $9,562
  • Gross Income $5,685
  • Net Operating Income $43,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 5.42
  • Professional Management Expense: 3411.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 780.00
  • Property Type: Residential Income
  • Parcel Number: 7274022006
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 178.57

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 2489.00
  • Price Per Lot Square Foot: 301.33
  • Lot Size Acres: 0.0570

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 5685.00
  • Gross Multiplier: 11.73
  • Gross Scheduled Income: 68220.00
  • Insurance Expense: 1470.00
  • Lot Size Area: 2489.0000 Square Feet
  • Maintenance Expense: 4080.00
  • Net Operating Income: 43330.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 22843.00
  • Other Expense: 1200.00
  • Other Expense Description: Misc/Res
  • Rent Control: No
  • Total Actual Rent: 5625.00

Tax Info

  • New Taxes Expense: 9562.00
  • Tax Lot: 5
  • Tax Tract Number: 576302

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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 Change Sq Ft Price
06/09/2017 06/09/17 Sold $985,000 -1.0% $235 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
04/18/2017 04/18/17 Price Changed $995,000 -0.5% $237 / Sq Ft
03/31/2017 03/31/17 For Sale $1,000,000 +33.3% $238 / Sq Ft
02/18/2016 02/18/16 Sold $750,000 -11.8% $179 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $850,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15219089

California Regional Multiple Listing Service (CRMLS)