NOT LISTED FOR SALE
9 Beds
5 Baths
1,687 Sq Ft
6,261 Sq Ft Lot

Last Sold June 26, 2015

Last sale price $436,000 $258 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • East Facing Home

About This Home

As of June 2015

Craftsman style four plex. Front house has 4 bedrooms/1 bath with classic early 1900's style. #C unit has 3 bedrooms/2 baths, # B unit has 1 bedroom/1 bath and #A has 1 bedroom/1 bath. Separate electrical and gas meters. 4 car garage plus additional off street parking. These units have long term tenants with good rental payments. Close to Blue Line and all that downtown Long Beach has to offer ...shops, restaurants, movies, and more.
Buildings were recently painted, newer garage doors, newer windows.

Last Listed By

Jack Cleary

Horizon Financial Services License #00788874 Listed on: 04/10/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,261 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • East Facing Home
  • Block Wall Fence

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Cosmetic Repairs Needed
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,687 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Rain Gutters
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / C
  • Assessor Parcel Number 7208025011

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,579
  • Maintenance Expense $5,719
  • Pest Control $515
  • Professional Management Expense $2,289
  • Supplies Expense $305
  • Trash Expense $895
  • Water Sewer Expense $1,235
  • New Taxes Expense $5,029
  • Net Operating Income $26,957

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 150000
  • Professional Management Expense: 2289.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Wrigley Area (WR)
  • Supplies Expense: 305.00
  • Water Sewer Expenses: 1235.00
  • Zoning: LBR2N
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7208025011
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 258.45
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Pest Control Expense: 515.00
  • Trash Expense: 895.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Size: 6261
  • Lot Size Sq Ft: 6261.00
  • Price Per Lot Square Foot: 69.64
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 46380.00
  • Insurance Expense: 1579.00
  • Lot Size Area: 6261.0000 Square Feet
  • Maintenance Expense: 5719.00
  • Net Operating Income: 26957.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 14785.00
  • Rent Control: No
  • Total Actual Rent: 3865.00
  • Vacancy Allowance: 4638
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 5029.00
  • Tax Block: C
  • Tax Lot: 11
  • Tax Year: 2014

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 Change Sq Ft Price
06/26/2015 06/26/15 Sold $436,000 -6.2% $258 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $465,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15076275

California Regional Multiple Listing Service (CRMLS)