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1135 E 12th St, Long Beach, CA 90813
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1135 E 12th St Long Beach, CA 90813

$1,825,000 Sold Price as of 08/29/2019
  • 12 Beds
  • 12 Baths
  • 3,792 Sq.Ft.
Sold
$1,825,000 Sold Price as of 08/29/2019 Refinance Your Mortgage
Map preview of 1135 E 12th St, Long Beach, CA 90813

Property Overview: 1135 E 12th St Long Beach, CA has 12 bedrooms, 12 bathrooms, 3,792 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present to market 1135 East 12th Street, a 12-unit apartment building in Long Beach, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with solid in-place cash flow and potential upside in a strong rental market. The property consists of a 1916 construction building with 12 one-bedroom units that range from 300 to 428 square feet. Eight units have been renovated, another unit has new flooring, and all units have security gates,. The property also features on-site laundry and nine parking spaces plus two motorcycle spaces. In addition to the renovated units, 1135 East 12th Street boasts numerous other recent improvements, including: a new roof that was installed in November 2018, a gas barbecue, earthquake bolt down and auto gas shut off, and a new valve set in the front yard that is ready for a drought-tolerant irrigation setup. As a result of the units’ smaller sizes, a new investor may enjoy low recurring utility expenses and low turnover costs. The property is located near the intersection of Alamitos Avenue and Anaheim Street, across from Grant Church, and just steps from Lincoln Elementary School. The property’s location conveniently near dining, retail and grocery options have earned it a great WalkScore of 89. This area is a strong rental market where over 85 percent of housing units within one mile are renter-occupied.

Listed by Daniel Lewin | BRE #01932742 | Marcus & Millichap
Co-listed by Shane Young | BRE #01963090 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19146053
City
Long Beach
County
Los Angeles
Time on Site
1520 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $13,615
  • Total Rent: $13,615
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.82%
  • Gross Rent Multiplier: 11.28
  • Gross Scheduled Income: $163,912
  • Net Operating Income: $107,725
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $56,187
  • Electric: $5,280
  • Gas/Fuel: $0
  • New Taxes: $24,605
  • Trash: $1,000
  • Insurance: $1,712
  • Professional Management: $6,556
  • Water/Sewer: $4,000

Property Details for 1135 E 12th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7274006022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: 12th and Alamitos
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1135 E 12th St

Last sold for $1,820,000 on August 29th, 2019

  • August, 2019

  • Aug 31, 2019

    Date

    Sold

    CRMLS: PW19146053

    $1,825,000

    Price

  • Aug 2, 2019

    Date

    Pending

    CRMLS: PW19146053

    $1,850,000

    Price

  • Jul 8, 2019

    Date

    Price Change

    CRMLS: PW19146053

    $1,850,000

    Price

  • Jun 20, 2019

    Date

    Active

    CRMLS: PW19146053

    $1,900,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,820,000

    Price

  • July, 2015

  • Jul 31, 2015

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 1135 E 12th St

Assessed Value (2020): $1,802,500
Year Land Value Improved Value Assessed Value
2020 $1,100,000 $702,500 $1,802,500

Home Value Compared to the Market

This property vs the competition

1135 E 12th St sold on August 29, 2019 for 125.89% 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 $487.87 per/sqft which puts the price per square foot 22.31% lower than the current median sale per square foot for the city of Long Beach.

About 1135 E 12th St

Detailed summary of property

1135 E 12th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 3,792 living square feet, and sits on an approximately 6,749 square foot lot. 1135 E 12th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,825,000. 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 125.89% higher than the current median priced home. Local homes that are currently for sale include 2011 Cedar Ave, 1717 Temple Ave and 1717 Temple Ave. While the average home in Long Beach, CA is selling in 62 days, 1135 E 12th St has a days on market of 39 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 1135 E 12th 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 1135 E 12th St

Public county record property details
Beds
12
Baths
12
Year built
1916
Sq. Ft.
3,792
Lot Size
6,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14,185
APN
7274-006-022

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
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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