111 W Del Amo Blvd, Long Beach, CA 90805

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111 W Del Amo Blvd Long Beach, CA 90805

$3,300,000 Sold Price as of 04/25/2023

26 Beds
18 Baths
12,404 Sq.Ft.

Sold

$3,300,000 Sold Price as of 04/25/2023 Refinance Your Mortgage

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Map preview of 111 W Del Amo Blvd, Long Beach, CA 90805

Property Overview: 111 W Del Amo Blvd Long Beach, CA has 26 bedrooms, 18 bathrooms, 12,404 living square feet and 13,247 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market, continue renovating the property, and capture 42 percent rental upside. 111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking. The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway. The property is in a solid rental location with great visibility along Del Amo Boulevard and proximate to schools; Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker

Last checked: 9 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft: 13,247
HOA Dues: $0/mo
Year built: 1963
Garage: 12 Car
Property Type:: Mixed Use

Status: Sold
MLS#: PW23041994
City: Long Beach
County: Los Angeles
Time on Site: 430 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 18
Total # of Buildings: 1
# of Electric Meters: 18
# of Gas Meters: 18
# of Water Meters: 0

Unit Breakdown 1

# of Units: 8
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,414
Total Rent: $11,314
Pro Forma/Market Rent: $2,350

Unit Breakdown 2

# of Units: 10
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,423
Total Rent: $14,231
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $306,540
Net Operating Income: $166,066
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $136,923
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 111 W Del Amo Blvd

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 12
# of Parking Spaces: 24

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 18
Parcel Number: 7132024019
Year Built Source: Assessor
Property is not 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: Between Pacific and Daisy

Neighborhood Information

Community Features: Suburban

View more facts & features

Local Long Beach Agent

Sale History for 111 W Del Amo Blvd

Last sold for $3,300,000 on April 25th, 2023

April, 2023
Apr 25, 2023

Date

Sold

CRMLS: PW23041994

$3,300,000

Price
Mar 13, 2023

Date

Active

CRMLS: PW23041994

$3,995,000

Price
May, 2018
May 17, 2018

Date

Sold (Public Records)

Public Records

$3,350,000

Price
November, 2017
Nov 30, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 111 W Del Amo Blvd

Assessed Value (2020): $3,486,690

Year	Land Value	Improved Value	Assessed Value
2020	$728,280	$2,758,410	$3,486,690

Home Value Compared to the Market

This property vs the competition

111 W Del Amo Blvd sold on April 25, 2023 for 399.38% 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 $322.07 per/sqft which puts the price per square foot 49.04% lower than the current median sale per square foot for the city of Long Beach.

About 111 W Del Amo Blvd

Detailed summary of property

111 W Del Amo Blvd is a mixed use that recently sold in Long Beach, CA 90805. This mixed use property offered 26 bedrooms, 18 bathrooms, roughly 12,404 living square feet, and sits on an approximately 13,247 square foot lot. 111 W Del Amo Blvd was first listed on ArdentRealEstateGroup.com on March 14, 2023. The homeowner sold the property for $3,300,000. 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 399.38% higher than the current median priced home. Local homes that are currently for sale include 11901 S San Pedro St, 2214 Hooper Ave and 601 N Normandie Ave. While the average home in Long Beach, CA is selling in 51 days, 111 W Del Amo Blvd has a days on market of 35 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 111 W Del Amo Blvd 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 111 W Del Amo Blvd

Public county record property details

Beds: --
Baths: 18
Year built: 1963
Sq. Ft.: 12,404
Lot Size: 13,246
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 13-17
APN: 7132-024-019

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

$699,000

Median List Price/Sq.Ft.

$563

Median Sold Price

$720,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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.