NOT LISTED FOR SALE
14 Beds
7 Baths
10,740 Sq Ft
15,268 Sq Ft

Last Sold March 11, 2019

Last sale price $2,700,000 $251 Per Sq Ft

31 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Tile Flooring
  • Granite Countertops
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2019

Subject property is a 14-unit of all 2 bedroom/1bathroom situated on a huge lot of 15,266 square foot with 10,740 square foot building, and 16 gated parking space respectively. All units are 100% occupied with no rent control. Renovations include new decking, new decorative iron gate & handrail, new roof, some units were upgraded with new kitchen/bathroom cabinet with granite countertop and vinyl windows, exterior landscaping with King palms & sprinkler system. Great investment property with many potentials...Drive-by only. Do not disturb tenants. Thank you.

Last Agent to Sell the Property

Julieanne Lam Phan

Phan Property Management License #01218721 Listed on: 01/11/2019

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 10,740 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Granite Countertops
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Standard Electricity
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7130024015

Community Details

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $187,344

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.35 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7130024015
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 251.40
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15266.00
  • Lot Size Acres: 0.3505

Multi Family

  • Gross Income: 187344.00
  • Gross Operating Income: 187344.00
  • Gross Scheduled Income: 187344.00
  • Lot Size Area: 15266.0000 Square Feet
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5716.00
  • Tax Lot: 1
  • Tax Tract Number: 1
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Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2019 03/11/19 Sold $2,700,000 -3.6% $251 / Sq Ft
02/03/2019 02/03/19 Price Changed $2,800,000 -12.5% $261 / Sq Ft
01/11/2019 01/11/19 For Sale $3,200,000 -- $298 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $39,531 $3,011,896 $948,189 $2,063,707
2024 $39,531 $2,952,841 $929,598 $2,023,243
2023 $38,856 $2,894,943 $911,371 $1,983,572
2022 $36,496 $2,838,180 $893,501 $1,944,679
2021 $35,732 $2,782,531 $875,982 $1,906,549
2019 $9,007 $533,764 $273,288 $260,476
2018 $8,559 $523,307 $267,930 $255,377
2016 $7,846 $502,604 $257,527 $245,077
2015 $7,579 $495,055 $253,659 $241,396
2014 $7,609 $485,359 $248,691 $236,668
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19008853

California Regional Multiple Listing Service (CRMLS)
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