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1221 E Market St, Long Beach, CA 90805
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1221 E Market St Long Beach, CA 90805

$575,000 Sold Price as of 08/16/2019
  • 4 Beds
  • 2 Baths
  • 1,556 Sq.Ft.
Sold
$575,000 Sold Price as of 08/16/2019 Refinance Your Mortgage
Map preview of 1221 E Market St, Long Beach, CA 90805

Property Overview: 1221 E Market St Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,556 living square feet and 5,738 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Looking for a strong cap rate investment? This duplex in North Long Beach offers clean, updated units. Tenants are month to month. Rents are well under market value; huge room to grow. Both units are 2 bedrooms, 1 bathroom with about 750 sq feet each. The front unit gets an enclosed patio. The back unit gets a huge yard and a 2 car detached garage. Both units have tile floors throughout. Both units have forced air & heat.

Listed by Amy Cimetta | BRE #01774767 | Vista Sotheby’s Realty
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,738
HOA Dues
$0/mo
Year built
1948
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB19156966
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $27,600
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • New Taxes: $7,187
  • Trash: $0
  • Gardener: $660
  • Insurance: $1,186
  • Water/Sewer: $0
  • Other Expenses: $570
  • Other Expense Description: Utilitie

Property Details for 1221 E Market St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Forced Air
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Room Information
  • Flooring: Tile
  • Laundry
Interior Features
  • Ceiling Fan(s), Granite Counters
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7128019012
  • 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: North Long Beach (NLB)
  • Directions: North on Orange Ave. South on Market Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1221 E Market St

Last sold for $575,000 on August 16th, 2019

  • January, 2020

  • Jan 2, 2020

    Date

    Expired

    CRMLS: AR19232602

    $1,800

    Price

  • Oct 9, 2019

    Date

    Pending

    CRMLS: AR19232602

    $1,800

    Price

  • Oct 2, 2019

    Date

    Active

    CRMLS: AR19232602

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled front unit of a duplex available in North Long Beach! 2 beds, 1 bath .... Bathroom & Kitchen have been fully remodeled. Tiles throughout the home, and newly painted walls. Forced air & heat is available. There is a nicely enclosed patio for this unit. **All Adults must fill out application. **Renter insurance required **Please submit complete package with 1) two most recent pay stubs 2) two months recent bank statements 3) copies of drivers license/ID 3) Copies of credit report with FICO scores

  • August, 2019

  • Aug 19, 2019

    Date

    Sold

    CRMLS: SB19156966

    $575,000

    Price

  • Jul 17, 2019

    Date

    Pending

    CRMLS: SB19156966

    $575,000

    Price

  • Jul 3, 2019

    Date

    Active

    CRMLS: SB19156966

    $575,000

    Price

  • August, 2019

  • Aug 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

  • January, 2009

  • Jan 8, 2009

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

Show More

Tax History for 1221 E Market St

Assessed Value (2020): $575,000
Year Land Value Improved Value Assessed Value
2020 $325,000 $250,000 $575,000

Home Value Compared to the Market

This property vs the competition

1221 E Market St sold on August 16, 2019 for 29.79% lower 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 $369.54 per/sqft which puts the price per square foot 41.16% lower than the current median sale per square foot for the city of Long Beach.

About 1221 E Market St

Detailed summary of property

1221 E Market St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,556 living square feet, and sits on an approximately 5,738 square foot lot. 1221 E Market St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $575,000. 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 29.79% lower than the current median priced home. Local homes that are currently for sale include 10409 S Figueroa St, 731 E 84th St and 845 E 80th St. While the average home in Long Beach, CA is selling in 62 days, 1221 E Market St has a days on market of 15 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 1221 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 1221 E Market St

Public county record property details
Beds
4
Baths
2
Year built
1948
Sq. Ft.
1,556
Lot Size
5,738
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7128-019-012

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%)

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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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