$1,899,000 Price Analysis   ♡   Long Beach, CA 90810 5 bed 7 bath 3,265 SqFt ($581/SqFt) 8,485SqFt lot. Built 1961 Listed 2024-04-17, Taxes $6,776 | Ⓧ USDA Ineligible due to price & location near Long Beach |
A Rare find for investor.
High generating income property at approx $150, 000 yearly. Property is offer at 6.24% cap rate. Property consist of (1) commercial building and (5) one bedroom and one bath unit apartments. Tenants are long term and a few have lived on the premise for over 20yrs. The commercial Tailgate Bar has been in business for a long time and is a local spot for the locals. Commercial Tenant is responsible for all utilities, repair and maintenance pertaining t interior and exterior of the building.
Low management. The residential units have all been renovated with vinyl and tile flooring, all except one have new kitchen cabinets and quartz countertop and brand new vinyl, retrofit, dual glazed, low E windows. Building has also been freshly painted exterior. All tremendous tenants and great relationship with Landlord. Landlord pays water and landscaping. Low expenses. Residential address is 1709 W 25th Street, Long Beach, CA 90810. This property is self managed by owners with ease for over 10years with almost no vacancy in the last 10years. No shortage of renters for the area.
Presented by Jocelyn Thav at
Jocelyn Thav, Broker.
Property MLS #PW24076968 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Lot Size Acres: 0.1947888
Lot Size Source: Assessor
Lot Size Square Feet: 8485
Parking Features: Parking YN: Yes, Parking Features: Garage - Single Door, Uncovered
Parking Total: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 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
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Gardener Expense: 900.00
Maintenance Expense: 1000.00
Tenant Pays: Gas, Sewer, Trash Collection
Source Listing Status: Active
County: Los Angeles
Other Expense: 1500.00
Source Property Type: Residential Income
Insurance Expense: 4595.00
Area: 11 - Westside
Source Neighborhood: Westside/South of Willow (WSW)
New Taxes Expense: 22800.00
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 2
Parcel Number: 7402004026
Postal Code Plus 4: 3244
Subdivision: Westside/South of Willow (WSW)
Zoning: LBCCA
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $174,055 + $290,098 $464,153 | $6,776 |
| 2021 | $170,643 + $284,410 $455,053 | $6,616 |
| 2020 | $168,894 + $281,494 $450,388 | $6,600 |
| 2019 | $165,583 + $275,975 $441,558 | $6,524 |
| 2018 | $162,337 + $270,564 $432,901 | $6,189 |
| 2017 | $159,154 + $265,259 $424,413 | $6,122 |
| 2016 | $156,034 + $260,058 $416,092 | $5,702 |
| 2015 | $153,691 + $256,152 $409,843 | $5,489 |
| 2014 | $150,681 + $251,135 $401,816 | $5,451 |
| 2013 | $254,006 + $398,331 $652,337 | $8,083 |
| 2012 | $249,026 + $390,521 $639,547 | $8,206 |
| 2010 | $244,144 + $382,864 $627,008 | $7,793 |
| 2009 | $242,896 + $380,906 $623,802 | $7,727 |
| 2009 | $242,320 + $380,003 $622,323 | $7,727 |
| 2008 | $238,134 + $373,438 $611,572 | $7,197 |
| 2007 | $233,465 + $366,116 $599,581 | $7,002 |
$1,899,000
CRMLS
Listing removed 2018-10-19
$940,000
CRISNET
Listing removed 2018-02-05
$940,000
CRISNET
Price Changed 2018-01-31
$940,000
CRISNET
Price Changed 2017-11-17
$995,000
CRISNET
Listing removed 2017-10-31
$1,060,000
CRISNET
Listed 2017-10-30
$1,060,000
CRISNET
Listed 2017-10-30
$1,060,000
CRISNET
Sold 2013-05-16
$400,000
ITECH
Price Changed 2013-04-12
$399,000
ITECH
Listed 2013-04-11
$499,000
ITECH
Sold 2003-12-15
$650,000
ITECH
Listing removed 2003-09-13
$599,000
ITECH
Listed 2003-09-12
$650,000
ITECH
Listed 2003-09-12
$599,000
ITECH
Sold 2001-05-16
$150,000
ITECH
Listed 2001-03-12
$183,499
ITECH
Year Built: 1961
Building Features: 3
Common Walls: 2+ Common Walls
Entry Level: 3
Entry Location: Front and Side
Property Age: 63
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Assessor
Electricity Available
Natural Gas Available
Phone Connected
Water Available
Water Source: Public
Map directions Map directions Map directions
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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.