NOT LISTED FOR SALE
-- Bed
-- Bath
14,814 Sq Ft
0.63 Acres

Last Sold July 11, 2012

Last sale price $2,280,000 $154 Per Sq Ft

54 Days on Market

Highlights

  • 0.63 Acre Lot
  • Contemporary Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of July 2012

This 'Pride of Ownership' property is 5 buildings on a large lot, with a lot of open space. It is gated with 20 secure parking spaces. Each apartment has a large balcony or patio. All kitchens, baths and walkways are tiled. This is the type of place tenants want to live. All expenses for 2010 were $94,821 and for 2011 were $114,294. Owner is changing the master electric meter to individual meters, which would have reduced expenses by $11,386.

Last Agent to Sell the Property

Woody Carter

Woodrow Carter, Broker License #00581001 Listed on: 03/06/2012

Last Buyer's Agent

Henry Chuang

HENRY CHUANG, BROKER License #01838832

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.63 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 14,814 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Block F
  • Assessor Parcel Number 7211007028

Community Details

Overview

  • 5 Buildings
  • 18 Units

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,176
  • Gross Income $19,858
  • Net Operating Income $135,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.66
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7211007028
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 153.91

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Gas Water Heater, Range

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 27554.00
  • Lot Size Acres: 0.6330

Multi Family

  • Gross Income: 19858.00
  • Gross Multiplier: 10.03
  • Gross Scheduled Income: 238296.00
  • Insurance Expense: 5176.00
  • Lot Size Area: 27554.0000 Square Feet
  • Net Operating Income: 135388.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 102908.00
  • Other Expense Description: 000

Tax Info

  • Tax Area: 11933
  • Tax Block: F
  • Tax Lot: 0.
  • Tax Tract Number: 00000

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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Average Value
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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 List to Sale Price per Sq Ft
07/11/2012 07/11/12 Sold $2,280,000 -4.6% $154 / Sq Ft
04/29/2012 04/29/12 Pending -- -- --
03/06/2012 03/06/12 For Sale $2,390,000 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $54,782 $4,172,302 $2,826,024 $1,346,278
2024 $54,782 $4,090,493 $2,770,612 $1,319,881
2023 $53,854 $4,010,288 $2,716,287 $1,294,001
2022 $50,590 $3,931,656 $2,663,027 $1,268,629
2021 $49,540 $3,854,565 $2,610,811 $1,243,754
2019 $48,836 $3,745,438 $2,533,374 $1,212,064
2018 $47,335 $3,672,100 $2,483,700 $1,188,400
2016 $30,140 $2,366,535 $1,206,673 $1,159,862
2015 $28,967 $2,330,988 $1,188,548 $1,142,440
2014 $28,838 $2,285,328 $1,165,266 $1,120,062
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P814487

California Regional Multiple Listing Service (CRMLS)