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1030 E Hill St, Long Beach, CA 90806
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1030 E Hill St Long Beach, CA 90806

$2,625,000 Sold Price as of 02/21/2022
  • 16 Beds
  • 16 Baths
  • 5,740 Sq.Ft.
Sold
$2,625,000 Sold Price as of 02/21/2022 Refinance Your Mortgage
Map preview of 1030 E Hill St, Long Beach, CA 90806

Property Overview: 1030 E Hill St Long Beach, CA has 16 bedrooms, 16 bathrooms, 5,740 living square feet and 6,494 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8 unit apartment building, built in 1987, site plan consists of an at grade parking structure with four units on the second floor and four units on the third floor. Eleven total onsite parking spaces plus two street parking spaces right in front of the building. Moat units have been updated within the last five years. Stable tenant mix. Upside potential in rents. Close to the freeway, dining, and amenities. Located adjacent to the Signal Hill area of Long Beach.

Listed by Steven Jones | BRE #01153594 | Olympia Capital Corporation
Last checked: 2 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
6,494
HOA Dues
$0/mo
Year built
1987
Garage
11 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21137003
City
Long Beach
County
Los Angeles
Time on Site
1183 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $163,200
  • Total Rent: $163,200
  • Pro Forma/Market Rent: $172,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 16.74
  • Gross Scheduled Income: $167,291
  • Net Operating Income: $112,470
  • Gross Operating Income: $167,400
  • # of Rented Garages: 1
  • Garage Rental Rate: $100
  • Garage Rental Income: $2,400
  • Laundry Income: $1,620
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $54,821
  • Trash: $1,384
  • Insurance: $3,206
  • Professional Management: $4
  • Water/Sewer: $13,643

Property Details for 1030 E Hill St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Covered, Driveway, Concrete, Garage, Structure
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7210024006
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Signal Hill (SH)
  • Directions: on Hill Street between Orange Ave and Atlantic Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1030 E Hill St

Last sold for $2,625,000 on February 21st, 2022

  • July, 2021

  • Jul 29, 2021

    Date

    Price Change

    CRMLS: PW21137003

    $2,674,000

    Price

  • Jun 24, 2021

    Date

    Active

    CRMLS: PW21137003

    $2,800,000

    Price

  • March, 2020

  • Mar 11, 2020

    Date

    Canceled

    CRMLS: PW20049866

    $1,795

    Price

  • Mar 6, 2020

    Date

    Active

    CRMLS: PW20049866

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom, 2 bathroom apartment with vaulted ceilings, patio, gated parking and laundry on site. 1030 E. Hill Street is in the Long Beach Unified School District. Nearby schools include Mary Butler Elementary School, Burnett Elementary School and Signal Hill Elementary School. Just a short distance away from Downtown Long Beach, Long Beach Convention and Entertainment Center, The Queen Mary, Long Beach Performing Arts Center, and the beach, many amenities and entertainment options are nearby.

  • November, 2019

  • Nov 30, 2019

    Date

    Leased

    CRMLS: PW19265561

    $1,595

    Price

  • Nov 19, 2019

    Date

    Price Change

    CRMLS: PW19265561

    $1,595

    Price

  • Nov 19, 2019

    Date

    Active

    CRMLS: PW19265561

    $1,645

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom, 2 bathroom, penthouse apartment with patio, gated parking, and laundry on site. 1030 E Hill Street is in the Long Beach Unified School District. Nearby schools include Mary Butler Elementary, Burnett Elementary, and Signal Hill Elementary. Just a short hop away from Downtown Long Beach, Long Beach Convention and Entertainment Center, The Queen Mary, Long Beach Performing Arts Center, and the beach. Many amazing restaurants, entertainment options, and amenities are close by!

  • March, 2019

  • Mar 20, 2019

    Date

    Leased

    CRMLS: PW19041351

    $1,695

    Price

  • Feb 23, 2019

    Date

    Active

    CRMLS: PW19041351

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom, 2 bathroom penthouse apartment with patio, gated parking and laundry on site. 1030 E. Hill Street is in the Long Beach Unified School District. Nearby schools include Mary Butler Elementary School, Burnett Elementary School and Signal Hill Elementary School. Just a short distance away from Downtown Long Beach, Long Beach Convention and Entertainment Center, The Queen Mary, Long Beach Performing Arts Center, and the beach, many amenities and entertainment options are nearby.

  • February, 2019

  • Feb 22, 2019

    Date

    Leased

    CRMLS: PW18219810

    $1,695

    Price

  • Jan 21, 2019

    Date

    Price Change

    CRMLS: PW18219810

    $1,695

    Price

  • Jan 12, 2019

    Date

    Price Change

    CRMLS: PW18219810

    $1,745

    Price

  • Nov 28, 2018

    Date

    Price Change

    CRMLS: PW18219810

    $1,795

    Price

  • Nov 17, 2018

    Date

    Price Change

    CRMLS: PW18219810

    $1,745

    Price

  • Oct 8, 2018

    Date

    Price Change

    CRMLS: PW18219810

    $1,695

    Price

  • Oct 8, 2018

    Date

    Price Change

    CRMLS: PW18219810

    $1,745

    Price

  • Sep 16, 2018

    Date

    Price Change

    CRMLS: PW18219810

    $1,795

    Price

  • Sep 8, 2018

    Date

    Active

    CRMLS: PW18219810

    $1,745

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom, 2 bathroom penthouse apartment with vaulted ceilings, patio, gated parking and laundry on site. 1030 E. Hill Street is in the Long Beach Unified School District. Nearby schools include Mary Butler Elementary School, Burnett Elementary School and Signal Hill Elementary School. Just a short distance away from Downtown Long Beach, Long Beach Convention and Entertainment Center, The Queen Mary, Long Beach Performing Arts Center, and the beach, many amenities and entertainment options are nearby.

  • April, 2018

  • Apr 11, 2018

    Date

    Leased

    CRMLS: PW18063930

    $1,795

    Price

  • Mar 26, 2018

    Date

    Active

    CRMLS: PW18063930

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 2 bedroom 2 bath with patio. Upstairs Unit with no one below Each unit has it's own water heater. Gated building with 2 parking spots available!

  • March, 2018

  • Mar 6, 2018

    Date

    Sold

    CRMLS: SB17253641

    $2,100,000

    Price

  • Feb 1, 2018

    Date

    Pending

    CRMLS: SB17253641

    $2,100,000

    Price

  • Jan 5, 2018

    Date

    Active

    CRMLS: SB17253641

    $2,100,000

    Price

  • Jan 5, 2018

    Date

    Withdrawn

    CRMLS: SB17253641

    $2,100,000

    Price

  • Jan 5, 2018

    Date

    Price Change

    CRMLS: SB17253641

    $2,100,000

    Price

  • Nov 8, 2017

    Date

    Active

    CRMLS: SB17253641

    $2,275,000

    Price

  • Listing provided courtesy of CRMLS

    CBRE is pleased to present this clean 1987 built building, first time on the market in 30 years. All 2 bed 2 bath units with big upside rent potential. Common area laundry and 10 covered parking spaces. Each unit has their own water heater.

  • March, 2018

  • Mar 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • January, 1994

  • Jan 6, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1030 E Hill St

Assessed Value (2020): $2,184,840
Year Land Value Improved Value Assessed Value
2020 $520,200 $1,664,640 $2,184,840

Home Value Compared to the Market

This property vs the competition

1030 E Hill St sold on February 21, 2022 for 226.5% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $465.85 per/sqft which puts the price per square foot 25.82% lower than the current median sale per square foot for the city of Long Beach.

About 1030 E Hill St

Detailed summary of property

1030 E Hill St is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 5,740 living square feet, and sits on an approximately 6,494 square foot lot. 1030 E Hill St was first listed on ArdentRealEstateGroup.com on June 24, 2021. The homeowner sold the property for $2,625,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 226.5% higher than the current median priced home. Local homes that are currently for sale include 1980 Harbor Ave, 1517 E 1st St and 1548 W 19th St. While the average home in Long Beach, CA is selling in 62 days, 1030 E Hill St has a days on market of 162 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1030 E Hill St Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1030 E Hill St

Public county record property details
Beds
16
Baths
16
Year built
1987
Sq. Ft.
5,740
Lot Size
6,493
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7210-024-006

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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.

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