Search
1021 Prospect Ave, Long Beach, CA 90804
View Photos

1021 Prospect Ave Long Beach, CA 90804

$1,557,500 Sold Price as of 09/17/2019
  • 7 Beds
  • 6 Baths
  • 4,032 Sq.Ft.
Sold
$1,557,500 Sold Price as of 09/17/2019 Refinance Your Mortgage
Map preview of 1021 Prospect Ave, Long Beach, CA 90804

Property Overview: 1021 Prospect Ave Long Beach, CA has 7 bedrooms, 6 bathrooms, 4,032 living square feet and 3,752 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: RARE Opportunity and first time on the market in a very long time. Highly desirable location with very stable occupants make this the perfect addition to your portfolio. Ground floor 2 bedroom 1 bath, Ground floor 1 bedroom 1 bath, and 4 additional 1 bedroom 1 bath units. All units have A/C heat and Gas appliances. Well maintained building. Many features such as auto shut off on gas meters, 2 enclosed garages, and even a laundry room for additional income. Rent potential well over 100K yearly. The grounds are clean and offer a nice blend of privacy as well some common spaces for relaxing. The neighborhood is a wonderful mix of single family residences as well multi units. Perfect for owner occupancy or investor. Great long term tenants, building always stays rented as this is one of the most desirable Long Beach locations, Convenient to top-rated school systems, Recreation Park, Billy Jean king Tennis courts, Blair field, farmers markets, also just minutes from Belmont Shore and the ocean, this location can not be beat.

Listed by David Steinberg | BRE #01921010 | Coldwell Banker Coastal Alliance
Last checked: 26 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
3,752
HOA Dues
$0/mo
Year built
1953
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19168168
City
Long Beach
County
Los Angeles
Time on Site
1395 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $962
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $875
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $115,000
  • Net Operating Income: $92,918
  • Gross Operating Income: --
  • # of Rented Garages: 2
  • Garage Rental Rate: $200
  • Laundry Income: $650
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $22,082
  • New Taxes: $18,000
  • Trash: $0
  • Insurance: $2,402
  • Professional Management: $0
  • Water/Sewer: $1,680

Property Details for 1021 Prospect Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Outside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Covered, Garage
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7241012097
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Heights (AH)
  • Directions: east of Ximeno to Prospect
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1021 Prospect Ave

Last sold for $1,557,500 on September 17th, 2019

  • September, 2019

  • Sep 17, 2019

    Date

    Sold

    CRMLS: PW19168168

    $1,557,500

    Price

  • Jul 25, 2019

    Date

    Active Under Contract

    CRMLS: PW19168168

    $1,575,000

    Price

  • Jul 18, 2019

    Date

    Active

    CRMLS: PW19168168

    $1,575,000

    Price

  • September, 2019

  • Sep 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,557,500

    Price

  • June, 2008

  • Jun 23, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1021 Prospect Ave

Assessed Value (2020): $387,178
Year Land Value Improved Value Assessed Value
2020 $83,385 $303,793 $387,178

Home Value Compared to the Market

This property vs the competition

1021 Prospect Ave sold on September 17, 2019 for 96.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $390.63 per/sqft which puts the price per square foot 38.19% lower than the current median sale per square foot for the city of Long Beach.

About 1021 Prospect Ave

Detailed summary of property

1021 Prospect Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 4,032 living square feet, and sits on an approximately 3,752 square foot lot. 1021 Prospect Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,557,500. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 96.88% higher than the current median priced home. Local homes that are currently for sale include 1615 Cherry Ave, 1825 Cherry Ave and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 51 days, 1021 Prospect Ave has a days on market of 7 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1021 Prospect Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1021 Prospect Ave

Public county record property details
Beds
7
Baths
6
Year built
1953
Sq. Ft.
4,032
Lot Size
3,751
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
7241-012-097

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1021 Prospect Ave

Nearby Homes for Sale

1000 Ximeno Ave, Long Beach, CA 90804
$1,700,000
4 Beds
4 Baths
2499 Sq.Ft.
1000 Ximeno Ave
Long Beach, CA 90804
3915 E 11th St, Long Beach, CA 90804
$1,295,000
7 Beds
4 Baths
3091 Sq.Ft.
3915 E 11th St
Long Beach, CA 90804
720 Coronado Ave, Long Beach, CA 90804
$1,600,000
-- Beds
-- Baths
-- Sq.Ft.
720 Coronado Ave
Long Beach, CA 90804
1761 Redondo Ave, Long Beach, CA 90804
$1,590,000
32 Beds
16 Baths
3360 Sq.Ft.
1761 Redondo Ave
Long Beach, CA 90804
249 Grand Ave, Long Beach, CA 90803
$1,700,000
5 Beds
3 Baths
3132 Sq.Ft.
249 Grand Ave
Long Beach, CA 90803
204 Mira Mar Ave, Long Beach, CA 90803
$1,550,000
4 Beds
3 Baths
2116 Sq.Ft.
204 Mira Mar Ave
Long Beach, CA 90803
Open Sat 11am-1pm
217 Argonne Ave, Long Beach, CA 90803
$1,500,000
5 Beds
2 Baths
2701 Sq.Ft.
217 Argonne Ave
Long Beach, CA 90803
Open 6/1 12pm-4pm
2221 Granada Ave, Long Beach, CA 90815
$1,350,000
4 Beds
1 Baths
1794 Sq.Ft.
2221 Granada Ave
Long Beach, CA 90815
1050 Molino Ave, Long Beach, CA 90804
$1,799,000
9 Beds
6 Baths
4361 Sq.Ft.
1050 Molino Ave
Long Beach, CA 90804
2529 E 10th St, Long Beach, CA 90804
$1,564,000
11 Beds
4 Baths
3544 Sq.Ft.
2529 E 10th St
Long Beach, CA 90804
2507 E 14th St, Long Beach, CA 90804
$1,850,000
10 Beds
10 Baths
6067 Sq.Ft.
2507 E 14th St
Long Beach, CA 90804
1015 Dawson Ave, Long Beach, CA 90804
$1,300,000
8 Beds
6 Baths
3744 Sq.Ft.
1015 Dawson Ave
Long Beach, CA 90804

Recently Sold Homes Near 1021 Prospect Ave

4409-4411 E 10Th St, Long Beach, CA 90804
$550,000 Last Sold Price
4 Beds
4 Baths
1364 Sq.Ft.
4409-4411 E 10Th St
Long Beach, CA 90804
1050 Ximeno Ave, Long Beach, CA 90804
$1,045,000 Last Sold Price
4 Beds
0 Baths
1725 Sq.Ft.
1050 Ximeno Ave
Long Beach, CA 90804
1052 Ximeno Ave, Long Beach, CA 90804
$770,000 Last Sold Price
5 Beds
2 Baths
1543 Sq.Ft.
1052 Ximeno Ave
Long Beach, CA 90804
1034 Bennett Ave, Long Beach, CA 90804
$1,000,000 Last Sold Price
4 Beds
3 Baths
2248 Sq.Ft.
1034 Bennett Ave
Long Beach, CA 90804

Related Resources to 1021 Prospect Ave

New Listings in 90804
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.

Refi Quote