NOT LISTED FOR SALE

Long Beach, CA 90804

Hellman Neighborhood
32 Beds
32 Baths
13,376 Sq Ft
0.27 Acres

Last Sold October 13, 2023

Last sale price $4,790,000 $358 Per Sq Ft

176 Days on Market

About This Home

As of October 2023

This 16 unit investment property is located within the premier rental market of Long Beach. This welcoming and secure gated community provides a safe and quiet home for tenants. The two contiguous buildings are on two parcels, making on-site management optional for the owner. See the offering memorandum for property and investment details.

Last Agent to Sell the Property

Trey Mitchell

CB Richard Ellis, Inc. License #02060609 Listed on: 04/20/2023

Last Buyer's Agent

Kellie Guiga

Commonwealth Bancorp License #01295444

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 11,712 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 13,376 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 32 Bathrooms

Parking

  • 24 Parking Spaces
  • 24 Covered Spaces
  • Covered Parking

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 7262-005-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 13376
  • Lot Acreage: 0.1344
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 32.00
  • Price Per S Q F T: 392.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 24
  • Parking Garage: Covered Parking
  • Total Parking: 24

Lot Info

  • Assessed Improvement Percent: 38.78
  • Assessed Improvement Value: 969000
  • Assessed Land Percent: 61.22
  • Assessed Land Value: 1530000
  • Total Assessed Value: 2499000
  • Assessor Parcel Number: 7262-005-012
  • Lot Size Area: 11712

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.89
  • Number Of Units: 16
  • Type Of Units: apartments

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Prior Sale
10/13/2023 10/13/23 Sold $4,790,000 -8.8% $358 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $5,250,000 +337.5% $392 / Sq Ft
12/31/2013 12/31/13 Sold $1,200,000 +0.4% $179 / Sq Ft View Prior Sale
10/25/2013 10/25/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $1,195,000 -- $179 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Trey Mitchell

    CB Richard Ellis, Inc.

    Section Image

  • K

    Buyer's Agent in 2023

    Kellie Guiga

    Commonwealth Bancorp

    (310) 450-3100

    1 in this area

    2 Total Sales

    Kellie Guiga
    Section Image

  • D

    Seller's Agent in 2013

    Drew Baker

    Remco - A. R. E. & Mgmt. Co.

    (714) 995-5222

    14 Total Sales

    Drew Baker
    Section Image
See All Agents

Source: The MLS

MLS Number: 23-262425

The MLS
California Los Angeles County Long Beach 90804

Hellman

Not Listed for Sale

MultiFamily

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