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1232 E 2Nd St, Long Beach, CA 90802
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1232 E 2Nd St Long Beach, CA 90802

$5,750,000 Sold Price as of 09/09/2022
  • 15 Beds
  • 14 Baths
  • 8,062 Sq.Ft.
Sold
$5,750,000 Sold Price as of 09/09/2022 Refinance Your Mortgage
Map preview of 1232 E 2Nd St, Long Beach, CA 90802

Property Overview: 1232 E 2Nd St Long Beach, CA has 15 bedrooms, 14 bathrooms, 8,062 living square feet and 8,991 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1232 E. 2nd Street is a 14-unit turn-key investment asset in prime Alamitos Beach. The property consists of (1) 2BD/1BA unit and (13) 1BD/1BA units. Four units feature private, enclosed courtyards. All units have been renovated with new countertops, laminate wood and porcelain tile flooring, stainless steel appliances, bathtubs, custom tile surrounds, vanities, ceiling fans, lighting, and window coverings. New building systems as well as new vinyl low-energy windows have been installed throughout. The remodeled laundry room features copper pipes and new machines. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Co-listed by Todd Hawke | BRE #01376219 | Keller Williams - Santa Monica
Last checked: 9 minutes ago | Last updated: September 13th, 2022 | Source CRMLS | DOM: 93

Home details

Lot Sq. Ft
8,991
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22096751
City
Long Beach
County
Los Angeles
Time on Site
737 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $9,580
  • Pro Forma/Market Rent: $2,595
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,731
  • Total Rent: $3,462
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 4
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $13,650
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $364,488
  • Net Operating Income: $240,374
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $112,579
  • Electric: $1,225
  • Gas/Fuel: $1,225
  • Licenses: $500
  • New Taxes: $73,656
  • Trash: $1,225
  • Gardener: $2,340
  • Insurance: $4,300
  • Maintenance: $7,000
  • Professional Management: $15,883
  • Water/Sewer: $1,225
  • Other Expenses: $3,500
  • Other Expense Description: Reserves

Property Details for 1232 E 2Nd 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
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7265011007
  • 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: Alamitos Beach (AB)
  • Directions: Orange Ave & E Broadway
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1232 E 2Nd St

Last sold for $5,750,000 on September 9th, 2022

  • September, 2022

  • Sep 9, 2022

    Date

    Sold

    CRMLS: PW22096751

    $5,750,000

    Price

  • May 10, 2022

    Date

    Active

    CRMLS: PW22096751

    $6,000,000

    Price

  • October, 2020

  • Oct 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,000,000

    Price

  • May, 1995

  • May 17, 1995

    Date

    Sold (Public Records)

    Public Records

    $93,587

    Price

Show More

Tax History for 1232 E 2Nd St

Assessed Value (2020): $693,168
Year Land Value Improved Value Assessed Value
2020 $397,785 $295,383 $693,168

Home Value Compared to the Market

This property vs the competition

1232 E 2Nd St sold on September 9, 2022 for 650% 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 $744.23 per/sqft which puts the price per square foot 17.76% higher than the current median sale per square foot for the city of Long Beach.

About 1232 E 2Nd St

Detailed summary of property

1232 E 2Nd St is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 15 bedrooms, 14 bathrooms, roughly 8,062 living square feet, and sits on an approximately 8,991 square foot lot. 1232 E 2Nd St was first listed on ArdentRealEstateGroup.com on May 10, 2022. The homeowner sold the property for $5,750,000. 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 650% higher than the current median priced home. Local homes that are currently for sale include 1809 W Bay Ave, 1809 West Bay Ave and 4024 Nicolet Ave. While the average home in Long Beach, CA is selling in 51 days, 1232 E 2Nd St has a days on market of 93 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1232 E 2Nd St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1232 E 2Nd St

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
8,062
Lot Size
8,991
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,5
APN
7265-011-007

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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