$1,850,000 Price Analysis   ♡   Long Beach, CA 90806 15 bed 7 bath 4,212 SqFt ($439/SqFt) 6,500SqFt lot. Built 1923 Listed 2024-01-31, Taxes $8,565 | Ⓧ USDA Ineligible due to price & location near Long Beach |
THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVESTORS Looking for Grat Income
With a Current Gross Schedule Income of $140, 100 per Year!!! The Entire Building was Totally Remodeled Down to the Studs in 2019.The Property Currently has a Newer Roof, Newer Copper Plumbing Throughout, Newer Windows, Newer Interior and Exterior Paint, Newer Laminated Wood and Tile Flooring throughout, Recess Lighting Throughout, Remodeled Kitchens with Newer Wood Cabinets, Granite Countertops, Newer Refrigerators, Stoves, Microwaves, Washers and Dryers, That's Included with the Purchase!! This 4-Unit Building Offers (THREE) 4/Bedrooms 2/Bathrooms and (ONE) 3/Bedrooms with 1/Bathroom.
Each Unit is Individually Metered with Gas & Electricity and Currently the Building is 100% Tenant Occupied. This Property Offers Great G ated Parking for Tenants, with (8) Inside Parking Spaces. This Property Wont Last!!
Presented by Marvin Malone at
Amberwood Real Estate, Inc.
Property MLS #PW24016535 from CRMLS
Copper Plumbing Full
Granite Counters
Recessed Lighting
Flooring: Laminate, Tile
Window Features: Double Pane Windows
Appliances YN: Yes
Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
Heating: Yes
Lot Size Acres: 0.1492195
Lot Size Source: Assessor
Lot Size Square Feet: 6500
Parking Total: 8
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Tenant Pays: Cable TV, Electricity, Gas
County: Los Angeles
Cap Rate: 6.40
Source Property Type: Residential Income
Insurance Expense: 2400.00
Area: 9 - Poly High
Source Neighborhood: Poly High (PH)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7209004011
Subdivision: Poly High (PH)
Trash Expense: 100.00
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $220,747 + $420,470 $641,217 | $8,565 |
| 2021 | $216,419 + $412,226 $628,645 | $8,374 |
| 2020 | $214,200 + $408,000 $622,200 | $8,351 |
| 2019 | $210,000 + $400,000 $610,000 | $8,256 |
| 2018 | $518,095 + $529,869 $1,047,964 | $13,388 |
| 2017 | $507,937 + $519,480 $1,027,417 | $13,247 |
| 2016 | $497,978 + $509,295 $1,007,273 | $12,305 |
| 2015 | $490,498 + $501,645 $992,143 | $11,813 |
| 2014 | $480,890 + $491,819 $972,709 | $11,736 |
| 2013 | $478,717 + $489,597 $968,314 | $11,375 |
| 2012 | $469,331 + $479,998 $949,329 | $11,566 |
| 2010 | $460,129 + $470,587 $930,716 | $10,968 |
| 2009 | $457,776 + $468,180 $925,956 | $10,921 |
| 2009 | $456,691 + $467,070 $923,761 | $10,921 |
| 2008 | $448,800 + $459,000 $907,800 | $10,177 |
| 2007 | $440,000 + $450,000 $890,000 | $9,926 |
Year Built: 1923
Building Features: 2
Common Walls: 1 Common Wall
Construction Materials: Stucco
Entry Level: 2
Entry Location: Steps
Property Age: 101
Property Attached: Yes
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 278.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public
Parking
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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.