NOT LISTED FOR SALE

999 Raymond Ave Long Beach, CA 90804

Hellman Neighborhood
18 Beds
18 Baths
7,968 Sq Ft
6,500 Sq Ft Lot

Last Sold February 01, 2013

Last sale price $1,500,000 $188 Per Sq Ft

470 Days on Market

Highlights

  • Gated Parking
  • City Lights View
  • Cathedral Ceiling
  • Woodrow Wilson High School Rated A
  • Open Floorplan
  • Modern Architecture

About This Home

As of February 2013

Well-maintained apartment building with on-grade parking and on-site laundry room. One ground-level unit has 2 bedrooms, 2 baths and 2 assigned parking spaces. Each of the remaining eight units have two bedrooms (one Master Suite with full bath, one secondary bedroom with hallway full bath), separate Dining Room, Kitchen, Living Room and one assigned parking space in the on-grade parking structure. The upper-level units have cathedral ceilings. Separate two sets of double-garages with entrances from the west side alley. Building has two gated entrances.

Last Agent to Sell the Property

Brent Nguyen

SPS Realty License #01163250 Listed on: 07/07/2011

Last Buyer's Agent

Lisa McKim

Coldwell Banker Coastal Alliance License #01794911

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property fronts an alley
  • Corner Lot

Parking

  • 4 Car Garage
  • 10 Carport Spaces
  • Public Parking
  • Gated Parking
  • Community Parking Structure

Property Views

  • City Lights
  • Hills

Home Design

  • Modern Architecture
  • Fire Rated Drywall
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,968 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Leased Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7262011001

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Gardener Expense $1,200
  • Insurance Expense $2,225
  • Maintenance Expense $2,900
  • Pest Control $500
  • Supplies Expense $360
  • Trash Expense $300
  • Water Sewer Expense $235
  • New Taxes Expense $18,000
  • Gross Income $11,525
  • Net Operating Income $107,131

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.76
  • Road Frontage Type: Alley
  • Supplies Expense: 360.00
  • View: Yes
  • Water Sewer Expenses: 235.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7262011001
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Formica Counters, Open Floorplan
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Three Or More
  • Price Per Square Foot: 188.25

Exterior Features

  • View: City Lights, Hills
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Community Structure, Covered, Gated, Public
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooking, Disposal, Range, Cooktop
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 500.00
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size: 50x130
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 1100.00
  • Gross Income: 11525.00
  • Gross Multiplier: 11.46
  • Gross Scheduled Income: 138300.00
  • Insurance Expense: 2225.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 2900.00
  • Net Operating Income: 107131.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Number With Carpet: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Patio: 1
  • Operating Expense: 27020.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Area: 5500
  • Tax Lot: 1
  • Tax Tract: Custom
  • Tax Tract Number: 1

Range of Values:

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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
02/01/2013 02/01/13 Sold $1,500,000 -5.4% $188 / Sq Ft
10/19/2012 10/19/12 Pending -- -- --
07/07/2011 07/07/11 For Sale $1,585,000 -- $199 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Brent Nguyen

    SPS Realty

  • L

    Buyer's Agent in 2013

    Lisa McKim

    Coldwell Banker Coastal Alliance

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S665573

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

999 Raymond Ave, Long Beach, CA

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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

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