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$999,000   Price Analysis
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309 E Louise St
Long Beach, CA 90805
4 bed 4 bath 2,562 SqFt ($389/SqFt)
6,179SqFt lot. Built 1949
Listed 2024-05-01, Taxes $18,621
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Great opportunity to own a fourplex in Long Beach!

Spacious one-bedroom, one-bathroom units offer comfortable living for tenants. The good-sized lot and laundry room present potentil to generate additional income.

One unit has been recently remodeled, boasting modern updates. This property is conveniently located near Adams Elementary School, freeways, stores and parks. Don't miss out!


Presented by Katherine Candelaria at
Kc Realty Group.
Listing Agent Photo

Property MLS #PW24085990 from CRMLS

Bedrooms: 4

Full Bathrooms: 4

Heating Features: Wall Furnace
Heating: Yes

Lot Description: Back Yard
Lot Size Acres: 0.1418503
Lot Size Source: Assessor
Lot Size Square Feet: 6179

Garage Spaces: 4
Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4
Tenant Pays: All Utilities
Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2000.00
Area: 7 - North Long Beach
Source Neighborhood: Other (OTHR)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7126032011
Postal Code Plus 4: 5313
Subdivision: Other (OTHR)
Zoning: LBR1N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$247,544 + $542,133
$789,677
$18,621
2021$242,691 + $531,503
$774,194
$12,021
2020$240,203 + $526,054
$766,257
$9,888
2019$235,494 + $515,740
$751,234
$9,771
2018$230,877 + $505,628
$736,505
$9,442
2017$226,350 + $495,714
$722,064
$9,340
2016$221,912 + $485,995
$707,907
$8,686
2015$218,579 + $478,695
$697,274
$8,340
2014$214,298 + $469,319
$683,617
$8,293
2013$213,330 + $467,198
$680,528
$8,054
2012$209,148 + $458,038
$667,186
$8,249
2010$205,048 + $449,057
$654,105
$7,827
2009$204,000 + $446,760
$650,760
$7,785
2009$203,516 + $445,701
$649,217
$7,785
2008$200,000 + $438,000
$638,000
$7,254
2007$264,180 + $367,200
$631,380
$7,755

Price Changed 2024-06-05
$999,000
CRMLS
Listed 2024-05-01
$1,200,000
CRMLS
Sold 2011-03-30
$638,000
SoCalMLS
Listing removed 2010-09-26
$375,000
SoCalMLS
Listed 2010-02-28
$375,000
SoCalMLS
Sold 2007-09-06
$638,000
Public Record
Listed 2007-04-20
$649,900
SoCalMLS
Sold 2006-03-09
$619,000
Public Record
Sold 2005-08-05
$600,000
Public Record
Sold 1996-12-20
$143,500
Public Record
Sold 1991-06-14
$230,000
Public Record
Sold 1985-07-23
$155,000
Public Record

Net Operating Income: 59300.00

Total Square Feet Living: 2562
Year Built: 1949
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 75
Levels or Stories: One
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 2400.00
Water Source: Public

Addams Elementary School is a public elementary school located approximately 0.2 miles away.
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Lindsey Academy is a public middle school located approximately 0.8 miles away.
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Jordan High School is a public high school located approximately 1.2 miles away.
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St. Athanasius Elementary School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.