1160 E South St, Long Beach, CA 90805
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1160 E South St Long Beach, CA 90805

$1,065,000 Sold Price as of 06/12/2019
  • 9 Beds
  • 8 Baths
  • 4,068 Sq.Ft.
Sold
$1,065,000 Sold Price as of 06/12/2019 Refinance Your Mortgage

Map preview of 1160 E South St, Long Beach, CA 90805

Property Overview: 1160 E South St Long Beach, CA has 9 bedrooms, 8 bathrooms, 4,068 living square feet and 5,485 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity!! Great investment for 1st time buyer or investor to add to your portfolio. Low vacancies (1) 3br 2 bath, (3) 2br 2 bath Quadruplex with 4 car single garages. All units are in Turnkey condition!

Listed by Rodney Klines | BRE #01990742 | Onyx Realty & Finc. Serv., Inc
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 85

Home details

Lot Sq. Ft
5,485
HOA Dues
$0/mo
Year built
1978
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW18297839
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,013
  • Total Rent: $2,013
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,552
  • Total Rent: $1,552
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,458
  • Total Rent: $1,458
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $78,096
  • Net Operating Income: $52,325
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,866
  • Electric: $366
  • Gas/Fuel: $0
  • New Taxes: $13,200
  • Trash: $3,300
  • Insurance: $700

Property Details for 1160 E South St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom
Room Information
  • Master Bathroom, Master Bedroom
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7128006033
  • 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
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: South St west of Orange Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1160 E South St

Last sold for $1,065,000 on June 12th, 2019
  • June, 2019

  • Jun 12, 2019

    Date

    Sold

    CRMLS: PW18297839

    $1,065,000

    Price

  • May 2, 2019

    Date

    Pending

    CRMLS: PW18297839

    $1,060,000

    Price

  • Apr 11, 2019

    Date

    Price Change

    CRMLS: PW18297839

    $1,060,000

    Price

  • Mar 15, 2019

    Date

    Active

    CRMLS: PW18297839

    $1,149,885

    Price

  • Mar 14, 2019

    Date

    Pending

    CRMLS: PW18297839

    $1,149,885

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: PW18297839

    $1,149,885

    Price

  • June, 2019

  • Jun 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,065,000

    Price

  • June, 2003

  • Jun 27, 2003

    Date

    Sold (Public Records)

    Public Records

    $462,000

    Price

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Tax History for 1160 E South St

Assessed Value (2020): $1,086,300
Year Land Value Improved Value Assessed Value
2020 $372,300 $714,000 $1,086,300

Home Value Compared to the Market

This property vs the competition

1160 E South St sold on June 12, 2019 for 29.43% 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 $260.57 per/sqft which puts the price per square foot 58.51% lower than the current median sale per square foot for the city of Long Beach.

About 1160 E South St

Detailed summary of property

1160 E South St is a fourplex that recently sold in Long Beach, CA 90805. This fourplex offered 9 bedrooms, 8 bathrooms, roughly 4,068 living square feet, and sits on an approximately 5,485 square foot lot. 1160 E South St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,065,000. 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 29.43% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 1961 Pine Ave and 340 E 19th St. While the average home in Long Beach, CA is selling in 62 days, 1160 E South St has a days on market of 85 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 1160 E South 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 1160 E South St

Public county record property details
Beds
9
Baths
8
Year built
1978
Sq. Ft.
4,068
Lot Size
5,484
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
7128-006-033

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
$690,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
97
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

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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.