$1,798,000 Price Analysis   ♡   Long Beach, CA 90813 4 bed 11 bath 4,944 SqFt ($363/SqFt) 5,700SqFt lot. Built 1922 Listed 2024-05-08, Taxes $17,581 | Ⓧ USDA Ineligible due to price & location near Long Beach |
THIS IS THE DEAL FOR YOUR CLIENT.
PRICED TO SELL. 9.7 GRM AND 5.9% CAP WITH UPSIDE TO A 9.0 GRM AND 6.7% CAP. 11 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.9% this year). The prperty is professionally managed and well-maintained.
The property is MASTER METERED for all utilities and as such, there is an opportunity f or a new owner to either implement a RUBS program or increase rents to cover these costs. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.
Presented by Jon Swire at
The Agency.
Property MLS #24-389103 from TheMLSCLAW
Full Bathrooms: 11
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5700
Calculated Total Monthly Association Fees: 0
Number of Units: 11
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 1395, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1550, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 1795
County: Los Angeles
Cap Rate: 5.9
Directions: 11 units in Long Beach subject to AB 1482 Rent Control.
Source Property Type: Residential Income
Area: Poly High
Source Neighborhood: Poly High
Parcel Number: 7268-042-011
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $911,371 + $428,880 $1,340,251 | $17,581 |
| 2021 | $893,501 + $420,471 $1,313,972 | $17,202 |
| 2020 | $884,340 + $416,160 $1,300,500 | $17,158 |
| 2019 | $867,000 + $408,000 $1,275,000 | $16,956 |
| 2018 | $850,000 + $400,000 $1,250,000 | $16,500 |
| 2017 | $205,323 + $136,751 $342,074 | $5,560 |
| 2016 | $201,298 + $134,070 $335,368 | $5,177 |
| 2015 | $198,275 + $132,057 $330,332 | $4,997 |
| 2014 | $194,392 + $129,471 $323,863 | $5,019 |
| 2013 | $193,514 + $128,886 $322,400 | $4,883 |
| 2012 | $189,720 + $126,359 $316,079 | $4,936 |
| 2010 | $186,000 + $123,882 $309,882 | $4,707 |
| 2009 | $185,049 + $123,250 $308,299 | $4,609 |
| 2009 | $184,610 + $122,957 $307,567 | $4,609 |
| 2008 | $181,421 + $120,834 $302,255 | $4,299 |
| 2007 | $177,864 + $118,465 $296,329 | $4,138 |
$1,798,000
TheMLSCLAW
Price Changed 2024-06-12
$1,799,000
TheMLSCLAW
Listed 2024-05-08
$1,849,000
TheMLSCLAW
Sold 2017-11-16
$1,250,000
Public Record
Year Built: 1922
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 102
Levels or Stories: 2
Building Total Stories: 2
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.