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1116 E 16Th St, Long Beach, CA 90813
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1116 E 16Th St Long Beach, CA 90813

$1,235,000 Sold Price as of 11/07/2023
  • 9 Beds
  • 5.5 Baths
  • 3,270 Sq.Ft.
Sold
$1,235,000 Sold Price as of 11/07/2023 Refinance Your Mortgage
Map preview of 1116 E 16Th St, Long Beach, CA 90813

Property Overview: 1116 E 16Th St Long Beach, CA has 9 bedrooms, 5.5 bathrooms, 3,270 living square feet and 6,726 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: High cash flow and easy to manage. Ideal investment property. Long term tenants. Full rent collection throughout the pandemic. The stability every investor is looking for. The subject property has a 3 bedroom/2 bathrooms detached home in the front. Rear building has one 4 bedrooms/ 2 bathrooms at the lower level and two 1 bedroom/1 bathroom units at upper level. On site parking spaces. Property sold as is. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.

Listed by HERBERT HWANG | BRE #01422491 | ILLUMINANT PROPERTIES
Last checked: 11 minutes ago | Last updated: November 8th, 2023 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
6,726
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
WS22182162
City
Long Beach
County
Los Angeles
Time on Site
618 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $1,360
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,380
  • Total Rent: $1,380
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,320
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Licenses: $240
  • Trash: $400
  • Insurance: $1,500
  • Maintenance: $2,000
  • Water/Sewer: $1,600

Property Details for 1116 E 16Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle, Composition, Flat
  • Has Fence
  • Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7268022033
  • 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 Connected, Natural Gas Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: N on Alamitos Ave, W on East 16th Street
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1116 E 16Th St

Last sold for $1,235,000 on November 7th, 2023

  • November, 2023

  • Nov 7, 2023

    Date

    Sold

    CRMLS: WS22182162

    $1,235,000

    Price

  • Aug 22, 2022

    Date

    Active

    CRMLS: WS22182162

    $1,299,000

    Price

  • September, 2010

  • Sep 28, 2010

    Date

    Sold (Public Records)

    Public Records

    $378,000

    Price

  • July, 2010

  • Jul 22, 2010

    Date

    Sold (Public Records)

    Public Records

    $227,546

    Price

Show More

Tax History for 1116 E 16Th St

Assessed Value (2020): $448,160
Year Land Value Improved Value Assessed Value
2020 $234,291 $213,869 $448,160

Home Value Compared to the Market

This property vs the competition

1116 E 16Th St sold on November 7, 2023 for 62.38% 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 $397.25 per/sqft which puts the price per square foot 37.14% lower than the current median sale per square foot for the city of Long Beach.

About 1116 E 16Th St

Detailed summary of property

1116 E 16Th St is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 9 bedrooms, 5.5 bathrooms, roughly 3,270 living square feet, and sits on an approximately 6,726 square foot lot. 1116 E 16Th St was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $1,235,000. 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 62.38% higher than the current median priced home. Local homes that are currently for sale include 1731 E 3rd St, 3915 E 11th St and 3409 Walnut Ave. While the average home in Long Beach, CA is selling in 51 days, 1116 E 16Th St has a days on market of 63 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1116 E 16Th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1116 E 16Th St

Public county record property details
Beds
9
Baths
6
Year built
1910
Sq. Ft.
3,270
Lot Size
6,725
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7268-022-033

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$549,999
Median List Price/Sq.Ft.
$542
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
32
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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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