Ramon Sanchez
Century 21 Allstars
(562) 684-6070
171 Total Sales
2 in Willmore
$445,000 Price Range
939 Pacific Ave Unit 4 Long Beach, CA 90813
Willmore Neighborhood
2
Beds
2
Baths
7,836
Sq Ft
7,504
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- No HOA
- Laundry Facilities
- Property is near public transit
- 6 Car Garage
- 2-minute walk to K-9 Corner Dog Park
About This Home
As of October 2019Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach. Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach. The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents. The Downtown area has become one of the most soft after sub-markets in Greater Los Angeles for institutional capital due to its coastal location and business friendly climate, which has led to significant rent growth and high occupancy levels over the past few years. There are (6) on-site garages renting for $150/mth each, a common laundry facility and a beautifully landscaped courtyard including a permitted stainless steel BBQ for tenants to enjoy.
Last Agent to Sell the Property
eXp Realty of Greater L.A License #01946829 Listed on: 05/29/2019
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 7,504 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Level Lot
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 7,836 Sq Ft Home
- Composition Roof
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 2 / 10
- Tax Tract Number 9
- Assessor Parcel Number 7272012009
Community Details
Overview
- No Home Owners Association
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $840
- Gardener Expense $1,200
- Insurance Expense $3,250
- Maintenance Expense $7,800
- Pest Control $1,020
- Professional Management Expense $11,660
- Supplies Expense $3,250
- Water Sewer Expense $4,200
- New Taxes Expense $42,955
- Operating Expense $76,676
- Gross Income $253,029
- Net Operating Income $169,204
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2019
Closed on
Aug 27, 2019
Sold by
Bought by
Seller's Agent
Andrew McAllister
eXp Realty of Greater L.A
Buyer's Agent
Cris Molles
The Realestate Group
List Price
$3,495,000
Sold Price
$3,375,000
Premium/Discount to List
-$120,000
-3.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,270,000
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
May 25, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 12, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 17, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willmore, CA
-
Ramon Sanchez
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
88 Total Sales
1 in Willmore
$525,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
120 Total Sales
2 in Willmore
$1,200,000 Price Range
-
Armen Aroyan
Armen Aroyan
Select Real Estate LA
(747) 215-3654
31 Total Sales
1 in Willmore
$490,000 Price
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
166 Total Sales
1 in Willmore
$345,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
126 Total Sales
1 in Willmore
$189,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,375,000 | Fidelity National Title Co | ||
| $2,025,000 | Ticor Title Co | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,270,000 | ||
| Previous Owner | $1,400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2019 10/21/19 | Sold | $3,375,000 | -0.6% | $431 / Sq Ft |
| 09/27/2019 09/27/19 | Pending | -- | -- | -- |
| 06/18/2019 06/18/19 | Price Changed | $3,395,000 | -2.9% | $433 / Sq Ft |
| 05/29/2019 05/29/19 | For Sale | $3,495,000 | -- | $446 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $49,403 | $3,691,050 | $2,395,082 | $1,295,968 |
| 2024 | $47,268 | $3,618,677 | $2,348,120 | $1,270,557 |
| 2023 | $46,462 | $3,547,724 | $2,302,079 | $1,245,645 |
| 2022 | $43,598 | $3,478,162 | $2,256,941 | $1,221,221 |
| 2021 | $42,725 | $3,409,964 | $2,212,688 | $1,197,276 |
| 2020 | $42,615 | $3,376,360 | $2,190,000 | $1,186,360 |
| 2019 | $27,069 | $2,066,860 | $1,448,400 | $618,460 |
| 2018 | $26,361 | $2,026,360 | $1,420,000 | $606,360 |
| 2016 | $15,221 | $1,165,062 | $811,383 | $353,679 |
| 2015 | $14,636 | $1,147,563 | $799,196 | $348,367 |
| 2014 | $14,591 | $1,125,084 | $783,541 | $341,543 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew McAllister
A
Seller's Agent in 2019
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
14 Total Sales
-
Cris Molles
C
Buyer's Agent in 2019
Cris Molles
The Realestate Group
(310) 540-0072
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS19125039
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 939 Pacific Ave
- 117 W 9th St
- 1040 Cedar Ave
- 833 Cedar Ave
- 815 Pacific Ave
- 800 Pacific Ave Unit 305
- 800 Pacific Ave Unit 204
- 801 Pine Ave
- 838 Pine Ave Unit 409
- 838 Pine Ave Unit 506
- 838 Pine Ave Unit 215
- 838 Pine Ave Unit 408
- 838 Pine Ave Unit 113
- 838 Pine Ave Unit 515
- 1070 Chestnut Ave
- 728 Cedar Ave
- 1140 Pacific Ave Unit 19
- 1140 Pacific Ave Unit 20
- 328 W 8th St
- 835 Locust Ave Unit 317
- 927 Pacific Ave
- 921 Pacific Ave Unit 6
- 921 Pacific Ave Unit 5
- 921 Pacific Ave Unit 4
- 921 Pacific Ave Unit 3
- 921 Pacific Ave Unit 2
- 921 Pacific Ave Unit 10
- 921 Pacific Ave Unit 9
- 921 Pacific Ave Unit 8
- 921 Pacific Ave Unit 7
- 206 W 10th St Ca 90813 Studio
- 226 W 10th St
- 936 Cedar Ave Unit 2
- 936 Cedar Ave Unit 9
- 936 Cedar Ave Unit 12
- 936 Cedar Ave Unit 10
- 936 Cedar Ave Unit 7
- 936 Cedar Ave
- 928 Cedar Ave
- 240 W 10th St
Your Personal Tour Guide
Ask me questions while you tour the home.