$1949000 Price Analysis   ♡   Long Beach, CA 90804 10 bed 9 bath 4226 SqFt ($461/SqFt) 8503SqFt lot. Built 1941 Listed 2024-04-29, Taxes $18794 | Ⓧ USDA Ineligible due to price & location near Long Beach |
PRICED TO SELL.
Priced at 11 GRM and a 5.7% CAP with upside to a 6.6% CAP and 10 GRM. $100K PRICE REDUCTION. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and prperty is professionally man aged and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private.
There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.
Presented by Jon Swire at
The Agency.
Property MLS #24-383871 from TheMLSCLAW
Full Bathrooms: 9
Laundry Features: Community
Lot Size Dimensions: 50x170
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8503
Garage Description: Covered Parking
Parking Total: 5
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1650, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 1795
County: Los Angeles
Cap Rate: 5.7
Directions: 9 units on the Eastside of Long Beach.
Source Property Type: Residential Income
Area: Eastside, Circle Area
Source Neighborhood: Eastside, Circle Area
Parcel Number: 7260-001-026
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $589710 + $857760 $1447470 | $18794 |
| 2021 | $578148 + $840942 $1419090 | $18404 |
| 2020 | $572220 + $832320 $1404540 | $18357 |
| 2019 | $561000 + $816000 $1377000 | $18142 |
| 2018 | $550000 + $800000 $1350000 | $17584 |
| 2017 | $408000 + $561000 $969000 | $13077 |
| 2016 | $400000 + $550000 $950000 | $12175 |
| 2015 | $346451 + $373101 $719552 | $9269 |
| 2014 | $339665 + $365793 $705458 | $9247 |
| 2013 | $338130 + $364140 $702270 | $8974 |
| 2012 | $331500 + $357000 $688500 | $9105 |
| 2010 | $325000 + $350000 $675000 | $13778 |
| 2009 | $432972 + $698168 $1131140 | $13690 |
| 2009 | $431945 + $696513 $1128458 | $13690 |
| 2008 | $424483 + $684479 $1108962 | $12750 |
| 2007 | $416160 + $671058 $1087218 | $12427 |
$1949000
TheMLSCLAW
Price Changed 2024-05-21
$1990000
TheMLSCLAW
Listed 2024-04-29
$2099000
TheMLSCLAW
Sold 2017-08-04
$1350000
Public Record
Listing removed 2016-05-14
$945
Rently
Listed for rent 2016-05-07
$945
Rently
Sold 2015-07-10
$950000
Public Record
Listing removed 2012-03-17
$725000
SoCalMLS
Listed 2012-02-19
$725000
SoCalMLS
Sold 2005-06-21
$1045000
Public Record
Sold 2005-03-04
$550000
Public Record
Sold 2003-08-29
$520000
Public Record
Sold 2001-07-19
$320000
Public Record
Sold 1988-11-02
$315000
Public Record
Year Built: 1941
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 83
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
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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.