Image 2 for 1000 E 10Th St, Long Beach, CA 90813

View Photos

1000 E 10Th St Long Beach, CA 90813

$1,599,000

14 Beds
7 Baths
5,340 Sq.Ft.

For Sale

$1,599,000 Get Pre-Qualified

Get Pre-Qualified

Map preview of 1000 E 10Th St, Long Beach, CA 90813

Property Overview: 1000 E 10Th St Long Beach, CA has 14 bedrooms, 7 bathrooms, 5,340 living square feet and 5,227 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present 1000 E 10th St in Long Beach. This 7 unit apartment building consists of (7) 2 bedroom, 1 bathroom units which have been updated and converted into higher density dwelling units. Privacy walls and doors have been added to accommodate an additional bedroom in each unit. A total of 21 bedrooms are possible to rent out, and currently 11 of those bedrooms are actively rented. There is a possibility of delivering 4 out of the 7 units vacant. This property has a total of 5,340 sqft of livable space, situated on a 5,227 sqft lot. The owners have formed authentic relationships with local government, law enforcement, and various low-income programs such as the General Relief Housing Subsidy and Case Management Programs in order to maintain a reliable resource for tenants. The property is located in close proximity to the Metro Blue Line train station and various bus routes providing excellent public transportation. This property is also located in an Opportunity Zone allowing for potential developments and substantial tax benefits for new buyers. Development in this area would coincide with the Long Beach Downtown Plan as well as the Opportunity Zone social impact principles. Buyer to verify.

Listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 13 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 95

Get a $5,996 Cash Reward New

Buy this home with Ardent Real Estate Group and get $5,996 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft: 5,227
HOA Dues: $0/mo
Year built: 1927
Garage: --
Property Type:: Apartment

Status: Active
MLS#: SB24010441
City: Long Beach
County: Los Angeles
Time on Site: 104 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 7

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,700

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,700

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,580
Total Rent: $1,580
Pro Forma/Market Rent: $2,700

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,760
Total Rent: $1,760
Pro Forma/Market Rent: $2,700

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,347
Total Rent: $1,347
Pro Forma/Market Rent: $2,700

Unit Breakdown 7

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,570
Total Rent: $1,570
Pro Forma/Market Rent: $3,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $119,244
Net Operating Income: $71,324
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $41,957
Electric: $630
Gas/Fuel: $630
Trash: $1,260
Insurance: $3,738
Professional Management: $5,962
Water/Sewer: $3,780

Open Houses for 1000 E 10Th St

No upcoming open houses

Schedule Tour

Property Details for 1000 E 10Th St

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Year Built Source: Assessor
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Take 405 S toward Long Beach City College. Turn right onto E 10th st

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 1000 E 10Th St

Last sold for $1,750,000 on December 22nd, 2021

January, 2024
Jan 18, 2024

Date

Active

CRMLS: SB24010441

$1,599,000

Price
March, 2023
Mar 30, 2023

Date

Expired

CRMLS: PW23017598

$2,000,000

Price
Feb 2, 2023

Date

Active

CRMLS: PW23017598

$2,050,000

Price
Listing provided courtesy of CRMLS

1000 East 10th Street is a freestanding 5,340 SF Apartment Building sitting on a 0.12 Acres lot. The property resides on the corner of 10th Street and Martin Luther King Jr. Blvd in the Long Beach Downtown Overlay Zone. The subject property consists of 7 two bed, 1 bath units which have been updated and converted into higher density dwelling units. Privacy walls and doors have been added to accommodate an additional bedroom in each unit. Each bedroom is move-in ready. The units are effectively leased per bedroom for a total of 21 bedrooms. Upon purchasing the property in 2020, the owners have worked diligently to improve and renovate the units resulting in an upgrade of tenant profile. Owners have formed authentic relationships with local government, law enforcement, and various low-income programs such as the General Relief Housing Subsidy and Case Management Program (GRHSCMP) in order to maintain a reliable resource for tenants. The GRHSCMP can provide participants with a fixed rental subsidy for individuals and couples. Additionally, it also provides a once-in-a-lifetime move-in assitance payment of up to $500 for move-in costs. The property is located in close proximity to the Metro Blue Line train station (0.8 miles) and various bus routes providing excellent public transport. Finally, the property is located in an Opportunity Zone allowing for potential developments and substantial tax benefits for new buyers. Development in this area would coincide with the Long Beach Downtown plan as well as the Opportunity Zone social impact principles.

Continue Reading
August, 2021
Aug 31, 2021

Date

Pending

CRMLS: PW21181773

$1,795,000

Price
Aug 17, 2021

Date

Active

CRMLS: PW21181773

$1,795,000

Price
Listing provided courtesy of CRMLS

BUSINESS PLUS REAL ESTATE. HUGE NET INCOME. SEVEN UNITS ALWAYS RENTED. THIS PROPERTY IS USED AS TRANSITIONAL HOUSING. PLEASE CALL BROKER FOR MORE INFORMATION. LOCATED AT THE CORNER OF EAST 10TH ST. AND MARTIN LUTHER KING JR. AVE.

Continue Reading
October, 2016
Oct 29, 2016

Date

Expired

CRMLS: PW14249272

$875,000

Price
Jul 29, 2016

Date

Price Change

CRMLS: PW14249272

$875,000

Price
Apr 21, 2016

Date

Price Change

CRMLS: PW14249272

$1,049,000

Price
Apr 21, 2016

Date

Price Change

CRMLS: PW14249272

$849,000

Price
Dec 15, 2014

Date

Price Change

CRMLS: PW14249272

$695,000

Price
Nov 26, 2014

Date

Price Change

CRMLS: PW14249272

$835,000

Price
Listing provided courtesy of CRMLS

The two buildings include SEVEN total units. Each unit has separate gas and electric meters, with single water meter. All units are presently furnished with beds, stove, newer windows, water heaters and furnaces. Located near local market and transportation routes.

Continue Reading
October, 2007
Oct 1, 2007

Date

Sold (Public Records)

Public Records

$839,000

Price
September, 1997
Sep 18, 1997

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1000 E 10Th St

Assessed Value (2020): $1,007,665

Year	Land Value	Improved Value	Assessed Value
2020	$696,601	$311,064	$1,007,665

Home Value Compared to the Market

This property vs the competition

1000 E 10Th St is listed 99.9% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $299.44 per/sqft which puts the price per square foot 52.99% lower than the median price per square foot for the city of Long Beach.

About 1000 E 10Th St

Detailed summary of property

1000 E 10Th St is a apartment located in Long Beach, CA 90813 and is currently for sale. This apartment offers 14 bedrooms, 7 bathrooms, roughly 5,340 living square feet, and sits on an approximately 5,227 square foot lot. 1000 E 10Th St was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner is currently asking $1,599,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 99.9% higher than the median priced home. Local competing homes currently for sale include 1716 Locust Ave, 522 E Rhea St and 1615 Cherry Ave. While the average home in Long Beach, CA is selling in 54 days, 1000 E 10Th St has a days on market of 95 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1000 E 10Th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1000 E 10Th St

Public county record property details

Beds: 6
Baths: 8
Year built: 1921
Sq. Ft.: 5,340
Lot Size: 4,502
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7,19-20
APN: 7274-023-010

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$695,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$584,000

Median Sold Price/Sq.Ft.

$592

Total Inventory

Median Sale to List Price %

108.35%

Avg Days on Market

Loan Type

Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $5,996.

Contact Jon
Long Beach Agent
Call, Text or Message

(714) 706-1823

Get a $5,996 Cash Reward New

Buy this home with Ardent Real Estate Group and get $5,996 back.

Call/Text (714) 706-1823

Homes for Sale Near 1000 E 10Th St

Nearby Homes for Sale

Recently Sold Homes Near 1000 E 10Th St

$850,000 Last Sold Price

4 Beds

2 Baths

2036 Sq.Ft.

1039 E 10th St
Long Beach, CA 90813

$625,000 Last Sold Price

3 Beds

2 Baths

1012 Sq.Ft.

1007 Lewis Ave
Long Beach, CA 90813

$800,000 Last Sold Price

4 Beds

5 Baths

2518 Sq.Ft.

935 Alamitos Ave
Long Beach, CA 90813

936 N Washington Pl, Long Beach, CA 90813

$1,525,000 Last Sold Price

12 Beds

12 Baths

5574 Sq.Ft.

936 N Washington Pl
Long Beach, CA 90813

Related Resources to 1000 E 10Th St

New Listings in 90813

Popular Zip Codes

Popular Cities

Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.