NOT LISTED FOR SALE

Long Beach, CA 90810

Lower Westside Neighborhood
25 Beds
10 Baths
8,264 Sq Ft
9,332 Sq Ft Lot

Last Sold March 18, 2019

Last sale price $1,950,000 $236 Per Sq Ft

40 Days on Market

About This Home

As of March 2019

Don't miss this rare opportunity to own 10 units mix of 5 (2bed/1bath) & 5 (3bed/1bath) in a neighborhood surrounding with only single family homes. New copper repipe, new roof was replaced in December 2016, 2 units with new kitchen & bathroom cabinet with granite countertop, new exterior landscape with sprinkler system & automatic timer, strong rental and high demand area with 100% occupied, no rent control. Current tenants are paying below market rent due to long term resident of subject property.

Last Agent to Sell the Property

Julieanne Lam Phan

Phan Property Management License #01218721 Listed on: 01/10/2019

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 9,332 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Interior Spaces

  • 8,264 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 7431022016

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Insurance Expense $2,000
  • New Taxes Expense $32,200
  • Operating Expense $46,269
  • Gross Income $147,900
  • Net Operating Income $101,631

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: 714-655-1434
  • Other Phone Number: 714-655-1434
  • Property Attached: No
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7431022016
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 235.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9332.00
  • Lot Size Acres: 0.2142

Multi Family

  • Gross Income: 147900.00
  • Gross Scheduled Income: 147900.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2400.00
  • Lot Size Area: 9332.0000 Square Feet
  • Net Operating Income: 101631.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 46269.00
  • Rent Control: No
  • Total Actual Rent: 12325.00
  • Total Expenses: 46269.00

Tax Info

  • New Taxes Expense: 32200.00
  • Tax Census Tract: 5729.00

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
03/18/2019 03/18/19 Sold $1,950,000 -11.4% $236 / Sq Ft
02/07/2019 02/07/19 Price Changed $2,200,000 -15.4% $266 / Sq Ft
01/24/2019 01/24/19 Price Changed $2,600,000 -7.1% $315 / Sq Ft
01/10/2019 01/10/19 For Sale $2,800,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Julieanne Lam Phan

    Phan Property Management

    (714) 655-1434

    10 Total Sales

    Julieanne Lam Phan
    Section Image
  • Spencer Pabst

    Buyer's Agent in 2019

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    55 Total Sales

    Spencer Pabst
    Section Image
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19005770

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90810

Lower Westside

This home since 10 January 2019. This property was built in 1964. This home is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and We the People High School.

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California Regional Multiple Listing Service (CRMLS) 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

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