NOT LISTED FOR SALE
24 Beds
16 Baths
9,120 Sq Ft
0.27 Acres

Last Sold May 03, 2018

Last sale price $2,100,000 $230 Per Sq Ft

7 Days on Market

Highlights

  • 11,761 Sq Ft lot
  • Laundry Room
  • Forced Air Heating System
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2018

Don't miss your opportunity to own a very rare 1980s built 8plex. Check the comps - you won't find a complex like this one! There are two side-by-side 4 unit buildings. ALL units are three bedroom, two bath, townhouse style. Each unit has it's own two car attached garage with direct access to the unit, with washer and dryer hookups! Most of the units have a fireplace and have been upgraded with tile floors, cabinetry, and new counters. Each unit has it's own private balcony off the master bedroom. Vacancies are immediately filled - there is always a demand for these units. Three bedroom, townhouse units are very rare - which keeps them in high demand. Subject to inspection - please do not disturb or talk to the tenants.

Last Agent to Sell the Property

Adam Huss

Huss Real Estate License #01404071 Listed on: 02/09/2018

Last Buyer's Agent

Teri Heravi

Compass License #01185589

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls

Parking

  • 16 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 9,120 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 7274010034

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,400
  • Professional Management Expense $6,720
  • Trash Expense $3,600
  • Water Sewer Expense $4,800
  • New Taxes Expense $26,250
  • Operating Expense $44,490
  • Gross Income $160,500
  • Net Operating Income $120,010

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

16

Listing Details

  • Professional Management Expense: 6720.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7274010034
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 230.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11761.00

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 160500.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 160500.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 120010.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 40490.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 13375.00
  • Total Expenses: 44490.00

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Census Tract: 5763.02
  • Tax Lot: .
  • Tax Tract Number: .

Range of Values:

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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 Change Sq Ft Price
05/03/2018 05/03/18 Sold $2,100,000 0.0% $230 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $2,100,000 +52.1% $230 / Sq Ft
08/13/2013 08/13/13 Sold $1,381,000 +6.6% $151 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $1,295,000 -- $142 / 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: OC18032307

California Regional Multiple Listing Service (CRMLS)