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1315 W 19th St, Long Beach, CA 90810
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1315 W 19th St Long Beach, CA 90810

$5,200,000 Sold Price as of 12/11/2020
  • 46 Beds
  • 22 Baths
  • 17,322 Sq.Ft.
Sold
$5,200,000 Sold Price as of 12/11/2020 Refinance Your Mortgage
Map preview of 1315 W 19th St, Long Beach, CA 90810

Property Overview: 1315 W 19th St Long Beach, CA has 46 bedrooms, 22 bathrooms, 17,322 living square feet and 17,334 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1315 W. 19th Street is a 22-unit multifamily asset in Long Beach, California. The property is situated on an oversized corner lot, and offers an attractive mix of two 1 BD / 1 BA, sixteen 2 BD / 1 BA and four 3 BD / 1 BA units as well as fourteen garages and on-site laundry facilities. Half of the unit interior have been fully renovated with new laminate hardwood flooring, custom shaker-style cabinets, quartz countertops, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior upgrades include light landscaping and new front and rear building security gates. 1315 W. 19th Street presents a rare opportunity to own in an area of Long Beach where few apartment buildings come on the market. The asset is 95% occupied and offered at a 5.27% cap rate and 12.25 GRM on actual rents, with potential rental upside of +/-14%.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
17,334
HOA Dues
$0/mo
Year built
1963
Garage
14 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20161355
City
Long Beach
County
Los Angeles
Time on Site
1498 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 2
  • # of Electric Meters: 22
  • # of Gas Meters: 22
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,013
  • Total Rent: $8,052
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 16
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,548
  • Total Rent: $24,768
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,294
  • Total Rent: $2,588
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $432,825
  • Net Operating Income: $279,250
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $131,934
  • Electric: $1,973
  • Gas/Fuel: $5,235
  • Licenses: $1,912
  • New Taxes: $67,947
  • Trash: $1,537
  • Gardener: $2,700
  • Insurance: $6,774
  • Maintenance: $8,250
  • Professional Management: $24,503
  • Water/Sewer: $5,955
  • Other Expenses: $3,850
  • Other Expense Description: Reserves

Property Details for 1315 W 19th 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
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 22
  • Parcel Number: 7431024017
  • 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: Westside/South of Willow (WSW)
  • Directions: Harbor Ave & PCH
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1315 W 19th St

Last sold for $5,200,000 on December 11th, 2020

  • December, 2020

  • Dec 17, 2020

    Date

    Sold

    CRMLS: PW20161355

    $5,200,000

    Price

  • Nov 2, 2020

    Date

    Pending

    CRMLS: PW20161355

    $5,300,000

    Price

  • Aug 13, 2020

    Date

    Active

    CRMLS: PW20161355

    $5,300,000

    Price

  • December, 2020

  • Dec 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $5,200,000

    Price

  • July, 2018

  • Jul 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $4,075,000

    Price

Show More

Tax History for 1315 W 19th St

Assessed Value (2020): $4,156,500
Year Land Value Improved Value Assessed Value
2020 $2,040,000 $2,116,500 $4,156,500

Home Value Compared to the Market

This property vs the competition

1315 W 19th St sold on December 11, 2020 for 547.13% 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 $305.97 per/sqft which puts the price per square foot 51.28% lower than the current median sale per square foot for the city of Long Beach.

About 1315 W 19th St

Detailed summary of property

1315 W 19th St is a multi family that recently sold in Long Beach, CA 90810. This multi family property offered 46 bedrooms, 22 bathrooms, roughly 17,322 living square feet, and sits on an approximately 17,334 square foot lot. 1315 W 19th St was first listed on ArdentRealEstateGroup.com on August 13, 2020. The homeowner sold the property for $5,200,000. 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 547.13% higher than the current median priced home. Local homes that are currently for sale include 2666 Orchard Ave, 13705 Franklin St and 3168 Wabash Ave. While the average home in Long Beach, CA is selling in 62 days, 1315 W 19th St has a days on market of 78 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 1315 W 19th St Long Beach, CA 90810 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1315 W 19th St

Public county record property details
Beds
46
Baths
22
Year built
1963
Sq. Ft.
17,322
Lot Size
17,259
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21-25
APN
7431-024-017

The source for these homes facts are from public records.

90810 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$735,000
Median List Price/Sq.Ft.
$514
Median Sold Price
$725,000
Median Sold Price/Sq.Ft.
$548
Total Inventory
30
Median Sale to List Price %
98.17%
Avg Days on Market
43
Loan Type
Conventional (45.45%), FHA (36.36%), VA (9.09%), Cash (9.09%), 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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