NOT LISTED FOR SALE

959 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood
3 Beds
5 Baths
3,558 Sq Ft
3,573 Sq Ft Lot

Last Sold March 10, 2016

Last sale price $965,000 $271 Per Sq Ft

19 Days on Market

Highlights

  • 0.08 Acre Lot
  • Traditional Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Built-In Features

About This Home

As of March 2016

Well maintained income property in great rental location. The building consists of 5 units, one studio, three 1 bedroom, one 2 bedroom all with 1 bath. The building still maintains the vintage charm with hard wood floors, built ins, and charming baths with tile floors and built ins. There is one garage at the end of a long driveway currently rented to one unit. The building has a 10 year old roof. The laundry has new coin operated machines.

Last Agent to Sell the Property

Steven Nottingham

Keller Williams Pacific Estate License #01720641 Listed on: 12/03/2015

Keller Williams Pacific Estate

Last Buyer's Agent

Loree Scarborough

Compass License #01257913

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 3,573 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,558 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Assessor Parcel Number 7265001013

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $2,000
  • Trash Expense $1,000
  • Water Sewer Expense $200
  • New Taxes Expense $11,875
  • Gross Income $4,650
  • Net Operating Income $54,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7265001013
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl, Wood
  • Levels: Two
  • Price Per Square Foot: 271.22

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Size Sq Ft: 3573.00
  • Price Per Lot Square Foot: 270.08
  • Lot Size Acres: 0.0820

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 4650.00
  • Gross Scheduled Income: 58440.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3573.0000 Square Feet
  • Net Operating Income: 54700.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 3740.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11875.00

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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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
03/10/2016 03/10/16 Sold $965,000 +1.6% $271 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
12/03/2015 12/03/15 For Sale $950,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Nottingham

    Seller's Agent in 2016

    Steven Nottingham

    Keller Williams Pacific Estate

    (562) 754-1333

    5 in this area

    96 Total Sales

    Steven Nottingham
    Section Image
  • Loree Scarborough

    Buyer's Agent in 2016

    Loree Scarborough

    Compass

    (562) 225-0511

    3 in this area

    77 Total Sales

    Loree Scarborough
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15257225

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 Alamitos Beach

959 E 2nd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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