$1,729,000 Price Analysis   ♡   Long Beach, CA 90806 10 bed 8 bath 5,954 SqFt ($290/SqFt) 7,486SqFt lot. Built 1930 Listed 2024-06-12, Taxes $21,356 | Ⓧ USDA Ineligible due to price & location near Long Beach |
PRICED TO SELL.
9.9 GRM AND 6.4% CAP with upside to a 7.1% CAP. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Only $290/SF. Located in the quiet residential Wrigley area, the property is professionally managed and well-maintained. Onsite laundry room. There are 5 garages in the rear, each could rent for as much as $125/garage.
The Electrical Main Panel is 200 AMPS (Siemens) and the Subpanels are 50 AMPS (Siemens) - Buyer to verify. The seller spent over $175K at the time of purchase on new exterir paint, landscaping and interior updates to units including new kitchen countertops, vinyl flooring and paint. Email Listing Agent for more info including a Rent Roll and actual expenses.
Presented by Jon Swire at
The Agency.
Property MLS #24-403303 from TheMLSCLAW
Full Bathrooms: 8
Laundry Features: Community
Garage Description: Assigned
Parking Total: 5
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7486
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1695, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 1995
County: Los Angeles
Cap Rate: 6.4
Directions: 8 Units in the Wrigley area of Long Beach.
Source Property Type: Residential Income
Area: Wrigley
Source Neighborhood: Wrigley
Parcel Number: 7209-018-010
Postal Code Plus 4: 4761
Zoning: LBR3T
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,023,952 + $643,321 $1,667,273 | $21,356 |
| 2021 | $1,003,875 + $630,707 $1,634,582 | $20,911 |
| 2020 | $993,582 + $624,240 $1,617,822 | $20,857 |
| 2019 | $974,100 + $612,000 $1,586,100 | $20,612 |
| 2018 | $955,000 + $600,000 $1,555,000 | $20,049 |
| 2017 | $340,707 + $423,933 $764,640 | $10,579 |
| 2016 | $334,027 + $415,621 $749,648 | $9,825 |
| 2015 | $329,010 + $409,378 $738,388 | $9,450 |
| 2014 | $322,566 + $401,359 $723,925 | $9,420 |
| 2013 | $321,109 + $399,546 $720,655 | $9,142 |
| 2012 | $314,813 + $391,712 $706,525 | $9,279 |
| 2010 | $308,641 + $384,032 $692,673 | $8,814 |
| 2009 | $307,063 + $382,068 $689,131 | $8,730 |
| 2009 | $306,335 + $381,162 $687,497 | $8,730 |
| 2008 | $301,043 + $374,577 $675,620 | $8,139 |
| 2007 | $295,141 + $367,233 $662,374 | $7,902 |
$1,729,000
TheMLSCLAW
Sold 2017-12-22
$1,555,000
Public Record
Sold 1977-07-08
$102,000
Public Record
Year Built: 1930
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 94
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.