Search
1164 E Market St, Long Beach, CA 90805
View Photos

1164 E Market St Long Beach, CA 90805

$2,950,000 Sold Price as of 08/03/2020
  • 200 Beds
  • 100 Baths
  • 9,528 Sq.Ft.
Sold
$2,950,000 Sold Price as of 08/03/2020 Refinance Your Mortgage
Map preview of 1164 E Market St, Long Beach, CA 90805

Property Overview: 1164 E Market St Long Beach, CA has 200 bedrooms, 100 bathrooms, 9,528 living square feet and 6,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investors and 1031 exchange opportunity to purchase a freshly painted and well maintained 14 units property in a great rental neighborhood of Long Beach. 2 Buildings, 1164 E. Market 8 Units and 1170 E. Market St. 6 Units sold together. All Units are preferred and easy 2 Bed/ 1 Bath rental. HUGE UPSIDE, to come as many long term stable month to month tenants with all of them being BELOW MARKET RENT. Don't miss out this opportunity to own a non rent control multi-units.

Listed by Rossopher Thiers | BRE #02039867 | Exp Realty of California Inc
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,405
HOA Dues
$0/mo
Year built
1957
Garage
14 Car
Property Type:
Multi Family
Status
Sold
MLS#
TR20121488
City
Long Beach
County
Los Angeles
Time on Site
1531 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 16
  • # of Baths: 8
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $10,000
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 12
  • # of Baths: 6
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $7,800
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $213,600
  • Net Operating Income: $149,012
  • Gross Operating Income: $207,192
  • Vacancy Allowance: $6,408
Annual Expense Breakdown
  • Total Operating Expense: $55,780
  • New Taxes: $29,450
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $4,250
  • Maintenance: $4,200
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $16,680
  • Other Expense Description: UTL.

Property Details for 1164 E Market St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7130031010
  • 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
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Camelitos
  • Directions: Adjacent to SW corner of Orange and Market
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1164 E Market St

Last sold for $2,950,000 on August 3rd, 2020

  • August, 2020

  • Aug 8, 2020

    Date

    Sold

    CRMLS: TR20121488

    $2,950,000

    Price

  • Jul 7, 2020

    Date

    Pending

    CRMLS: TR20121488

    $3,125,000

    Price

  • Jun 24, 2020

    Date

    Active

    CRMLS: TR20121488

    $3,125,000

    Price

  • May, 2016

  • May 18, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,254,000

    Price

  • May, 2004

  • May 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,335,000

    Price

Show More

Tax History for 1164 E Market St

Assessed Value (2020): $1,380,216
Year Land Value Improved Value Assessed Value
2020 $209,990 $1,170,226 $1,380,216

Home Value Compared to the Market

This property vs the competition

1164 E Market St sold on August 3, 2020 for 281.56% 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 $327.98 per/sqft which puts the price per square foot 47.77% lower than the current median sale per square foot for the city of Long Beach.

About 1164 E Market St

Detailed summary of property

1164 E Market St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 200 bedrooms, 100 bathrooms, roughly 9,528 living square feet, and sits on an approximately 6,405 square foot lot. 1164 E Market St was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,950,000. 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 281.56% higher than the current median priced home. Local homes that are currently for sale include 1517 E 1st St, 386 Mira Mar Ave and 3316 E 3rd St. While the average home in Long Beach, CA is selling in 62 days, 1164 E Market St has a days on market of 8 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 1164 E Market 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 1164 E Market St

Public county record property details
Beds
16
Baths
8
Year built
1957
Sq. Ft.
5,436
Lot Size
6,405
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
7130-031-010

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
$680,000
Median List Price/Sq.Ft.
$552
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
96
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%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1164 E Market St

Nearby Homes for Sale

6062 Atlantic Ave, Long Beach, CA 90805
$2,595,000
10 Beds
10 Baths
6966 Sq.Ft.
6062 Atlantic Ave
Long Beach, CA 90805
6062 Atlantic Ave, Long Beach, CA 90805
$2,750,000
10 Beds
10 Baths
6966 Sq.Ft.
6062 Atlantic Ave
Long Beach, CA 90805
3402 Gundry Ave, Long Beach, CA 90807
$2,895,000
14 Beds
14 Baths
8146 Sq.Ft.
3402 Gundry Ave
Long Beach, CA 90807
3402 Gaviota Ave, Long Beach, CA 90807
$2,425,000
10 Beds
8 Baths
6404 Sq.Ft.
3402 Gaviota Ave
Long Beach, CA 90807
1700 Pacific Ave, Long Beach, CA 90813
$2,448,888
11 Beds
10 Baths
6423 Sq.Ft.
1700 Pacific Ave
Long Beach, CA 90813
1980 Harbor Ave, Long Beach, CA 90810
$2,700,000
25 Beds
10 Baths
8264 Sq.Ft.
1980 Harbor Ave
Long Beach, CA 90810
4016 E Wilton, Long Beach, CA 90804
$2,499,999
6 Beds
5 Baths
3346 Sq.Ft.
4016 E Wilton
Long Beach, CA 90804
1660 Park Ave, Long Beach, CA 90815
$3,100,000
18 Beds
9 Baths
7551 Sq.Ft.
1660 Park Ave
Long Beach, CA 90815
733 Daisy Ave, Long Beach, CA 90813
$2,400,000
144 Beds
0 Baths
4759 Sq.Ft.
733 Daisy Ave
Long Beach, CA 90813
1045 E 4th St, Long Beach, CA 90802
$2,995,000
14 Beds
14 Baths
8720 Sq.Ft.
1045 E 4th St
Long Beach, CA 90802
1944 E 4th St, Long Beach, CA 90802
$2,490,000
24 Beds
42 Baths
5817 Sq.Ft.
1944 E 4th St
Long Beach, CA 90802
1837 E 3rd St, Long Beach, CA 90802
$3,535,000
14 Beds
13 Baths
9378 Sq.Ft.
1837 E 3rd St
Long Beach, CA 90802

Recently Sold Homes Near 1164 E Market St

5421 Cerritos Ave, Long Beach, CA 90805
$659,000 Last Sold Price
4 Beds
2 Baths
1766 Sq.Ft.
5421 Cerritos Ave
Long Beach, CA 90805
5443 Orange Ave, Long Beach, CA 90805
$810,000 Last Sold Price
3 Beds
3 Baths
1757 Sq.Ft.
5443 Orange Ave
Long Beach, CA 90805
5434 Lemon Ave, Long Beach, CA 90805
$775,000 Last Sold Price
3 Beds
2 Baths
1396 Sq.Ft.
5434 Lemon Ave
Long Beach, CA 90805
1221 E Market St, Long Beach, CA 90805
$575,000 Last Sold Price
4 Beds
2 Baths
1556 Sq.Ft.
1221 E Market St
Long Beach, CA 90805

Related Resources to 1164 E Market St

New Listings in 90805
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote