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1043 E Broadway, Long Beach, CA 90802
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1043 E Broadway Long Beach, CA 90802

$1,900,000 Sold Price as of 06/26/2020
  • 6 Beds
  • 6 Baths
  • 6,552 Sq.Ft.
Sold
$1,900,000 Sold Price as of 06/26/2020 Refinance Your Mortgage
Map preview of 1043 E Broadway, Long Beach, CA 90802

Property Overview: 1043 E Broadway Long Beach, CA has 6 bedrooms, 6 bathrooms, 6,552 living square feet and 4,130 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1043 E. Broadway ave is located in Alamitos Beach and East Village neighborhood and very close to the beaches. The 6552 square foot unique property consists of 6 very large, almost 1100 sf Each, spacious one-bedroom Craftsman Style floor plans with big windows, original wooden built-in closets and drawers, high ceilings. Property has Recently updated copper plumbing, updated electrical, windows, newer roof, updated kitchen countertops, new bathrooms and much more. It also has a one small garage that can be used for a small car or storage. 1043 E. Broadway has been in the family for a long time and has been very well taken care of. Its great size, condition, style and layout makes a rare find to own in one of very desirable parts of Long Beach. Have to see to appreciate.

Listed by Alec Kara | BRE #02030808 | Keller Williams Pacific Estate
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
4,130
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20065796
City
Long Beach
County
Los Angeles
Time on Site
1531 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,795
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,695
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,725
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.47%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $124,980
  • Net Operating Income: $98,302
  • Gross Operating Income: --
  • Vacancy Allowance: $6,249
Annual Expense Breakdown
  • Total Operating Expense: $20,529
  • Electric: $2,040
  • Trash: $1,020
  • Insurance: $2,320
  • Maintenance: $3,900
  • Professional Management: $6,249

Property Details for 1043 E Broadway

Interior Features
Laundry Information
  • Washer Hookup
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 7275003011
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Other
Location / Neighborhood
Location Information
  • Directions: traveling from dopwntown Los Angeles (110 south to 105 East onto 710 South) take exit 1C toward Long beach Downtown, Convention Center. Continue to Shoreline dr, onto Alamitos Ave. Take a right onot Broadway, property on the left.
View more facts & features

Local Long Beach Agent

Sale History for 1043 E Broadway

Last sold for $1,900,000 on June 26th, 2020

  • June, 2020

  • Jun 30, 2020

    Date

    Sold

    CRMLS: PW20065796

    $1,900,000

    Price

  • May 19, 2020

    Date

    Withdrawn

    CRMLS: PW20065796

    $1,900,000

    Price

  • Apr 17, 2020

    Date

    Price Change

    CRMLS: PW20065796

    $1,900,000

    Price

  • Apr 14, 2020

    Date

    Price Change

    CRMLS: PW20065796

    $2,100,000

    Price

  • Mar 30, 2020

    Date

    Active

    CRMLS: PW20065796

    $2,200,000

    Price

  • June, 2020

  • Jun 26, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • October, 2019

  • Oct 11, 2019

    Date

    Expired

    CRMLS: PW19098352

    $1,800,000

    Price

  • Sep 17, 2019

    Date

    Price Change

    CRMLS: PW19098352

    $1,800,000

    Price

  • Jul 18, 2019

    Date

    Price Change

    CRMLS: PW19098352

    $2,000,000

    Price

  • May 24, 2019

    Date

    Price Change

    CRMLS: PW19098352

    $2,250,000

    Price

  • Apr 30, 2019

    Date

    Active

    CRMLS: PW19098352

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    1043 East Broadway is a well-maintained six-unit apartment building in Long Beach's popular Alamitos Beach neighborhood. The property boasts a great location just a third of a mile from the beach and conveniently near the numerous dining, shopping and entertaining opportunities in rapidly redeveloping downtown Long Beach. The property consists of a 1923 construction building with six huge one-bed/one-bath units that average over 1,000 square feet. The units are separately metered for gas and electricity and feature recent upgrades such as granite countertops, and new sinks, showers, and toilets. Additionally, the electrical has been recently updated and the building has new copper plumbing. The property also offers a shared back patio, one single-car garage, and a storage space. This offering presents an excellent opportunity for an investor to acquire a well-maintained asset with a great location, highly desirable units and significant potential upside in rents.

  • February, 2018

  • Feb 1, 2018

    Date

    Expired

    CRMLS: PW17240416

    $2,250,000

    Price

  • Jan 31, 2018

    Date

    Withdrawn

    CRMLS: PW17240416

    $2,250,000

    Price

  • Nov 9, 2017

    Date

    Price Change

    CRMLS: PW17240416

    $2,250,000

    Price

  • Oct 20, 2017

    Date

    Active

    CRMLS: PW17240416

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    First time on the market in over 30 years! Charming, bright, airy, 6 unit turn-key apartment building. Centrally located in the prime area of Alamitos Beach in the city of Long Beach. Six units offered with a total of 6,552 Square feet of living space, approximately 1,092sf each. Not Subject to Rent Control! This property has a private patio and backyard ideal for hosting parties. Dedicated laundry facility and separate owners’ storage/garage. Market rent is $1,600 in as-is condition, $1,800-$1,900 proforma. Blocks from the ocean, restaurants, parks, coffee shops, metro and bus stops.

  • May, 2017

  • May 16, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1043 E Broadway

Assessed Value (2020): $253,460
Year Land Value Improved Value Assessed Value
2020 $76,034 $177,426 $253,460

Home Value Compared to the Market

This property vs the competition

1043 E Broadway sold on June 26, 2020 for 131.99% 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 $289.99 per/sqft which puts the price per square foot 53.82% lower than the current median sale per square foot for the city of Long Beach.

About 1043 E Broadway

Detailed summary of property

1043 E Broadway is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 6,552 living square feet, and sits on an approximately 4,130 square foot lot. 1043 E Broadway was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,900,000. 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 131.99% higher than the current median priced home. Local homes that are currently for sale include 755 E Pico Blvd, 104 S Breed St and 711 W 17th St #C8. While the average home in Long Beach, CA is selling in 62 days, 1043 E Broadway has a days on market of 5 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 1043 E Broadway Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1043 E Broadway

Public county record property details
Beds
6
Baths
6
Year built
1923
Sq. Ft.
6,552
Lot Size
4,130
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7275-003-011

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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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