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1072 E 72Nd St, Long Beach, CA 90805
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1072 E 72Nd St Long Beach, CA 90805

$750,000 Sold Price as of 08/23/2022
  • 4 Beds
  • 2 Baths
  • 1,723 Sq.Ft.
Sold
$750,000 Sold Price as of 08/23/2022 Refinance Your Mortgage
Map preview of 1072 E 72Nd St, Long Beach, CA 90805

Property Overview: 1072 E 72Nd St Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,723 living square feet and 4,771 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a two-unit property located at the border of North Long Beach and Paramount. Each unit is a 2-bedroom & 1-bath currently occupied by a tenant. One tenant is paying $1,400 and the other one $1,550 per month; both tenants are on a month-to-month basis. Because its affordable price point, great location, and solid potential for future appreciation and increase in cashflow, this property will trade rapidly.

Listed by Alex Colombo | BRE #01927702 | Lyon Stahl Investment Real Est
Last checked: 6 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
4,771
HOA Dues
$0/mo
Year built
1954
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22077000
City
Long Beach
County
Los Angeles
Time on Site
752 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $35,400
  • Net Operating Income: $18,716
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,622
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $600
  • Insurance: $948
  • Water/Sewer: $1,200

Property Details for 1072 E 72Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7101029007
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Corner of Orange and Alondra
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1072 E 72Nd St

Last sold for $750,000 on August 23rd, 2022

  • August, 2022

  • Aug 23, 2022

    Date

    Sold

    CRMLS: PW22077000

    $750,000

    Price

  • Apr 15, 2022

    Date

    Active

    CRMLS: PW22077000

    $810,000

    Price

  • April, 2003

  • Apr 1, 2003

    Date

    Sold (Public Records)

    Public Records

    $265,000

    Price

Show More

Tax History for 1072 E 72Nd St

Assessed Value (2020): $350,926
Year Land Value Improved Value Assessed Value
2020 $124,475 $226,451 $350,926

Home Value Compared to the Market

This property vs the competition

1072 E 72Nd St sold on August 23, 2022 for 6.25% lower 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 $435.29 per/sqft which puts the price per square foot 31.13% lower than the current median sale per square foot for the city of Long Beach.

About 1072 E 72Nd St

Detailed summary of property

1072 E 72Nd St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,723 living square feet, and sits on an approximately 4,771 square foot lot. 1072 E 72Nd St was first listed on ArdentRealEstateGroup.com on April 16, 2022. The homeowner sold the property for $750,000. 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 6.25% lower than the current median priced home. Local homes that are currently for sale include 1503 E 109th St, 2185 Elm Ave and 9311 Bandera. While the average home in Long Beach, CA is selling in 53 days, 1072 E 72Nd St has a days on market of 103 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1072 E 72Nd St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1072 E 72Nd St

Public county record property details
Beds
4
Baths
2
Year built
1954
Sq. Ft.
1,723
Lot Size
4,770
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7101-029-007

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$679,000
Median List Price/Sq.Ft.
$548
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
64
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

Thinking of Selling?

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(714) 706-1823

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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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