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1325 E 11Th St Long Beach, CA 90813

$750,000 Sold Price as of 02/09/2023

4 Beds
3 Baths
2,014 Sq.Ft.

Sold

$750,000 Sold Price as of 02/09/2023 Refinance Your Mortgage

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Map preview of 1325 E 11Th St, Long Beach, CA 90813

Property Overview: 1325 E 11Th St Long Beach, CA has 4 bedrooms, 3 bathrooms, 2,014 living square feet and 5,111 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1325 East 11th Street is a triplex in Long Beach, California. This offering is a great opportunity for an investor to acquire an asset in a strong rental submarket and capture 28 percent potential upside in rents. The property consists of a two-bed/one-bath house with a fenced patio and a rear building with two one-bed/one-bath units above four single-car garages. On-site parking is a sought-after amenity in this parking-impacted area of Long Beach, and the garages generate significant additional income. The units are separately metered for gas and electricity, and the property also offers shared laundry facilities. 1325 East 11th Street is located in Long Beach’s Cambodia Town neighborhood just south of Anaheim Street. This dense rental area has easy access to Downtown Long Beach and the 710 Freeway.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker

Last checked: 3 minutes ago | Last updated: June 19th, 2023 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft: 5,111
HOA Dues: $0/mo
Year built: 1919
Garage: 4 Car
Property Type:: Triplex

Status: Sold
MLS#: PW22253633
City: Long Beach
County: Los Angeles
Time on Site: 649 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 0

Unit Breakdown 1

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,385
Total Rent: $2,770
Pro Forma/Market Rent: $1,650

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,555
Total Rent: $1,555
Pro Forma/Market Rent: $2,250

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.67%
Gross Rent Multiplier: --
Gross Scheduled Income: $51,900
Net Operating Income: $36,214
Gross Operating Income: --
Garage Rental Income: $3,180

Annual Expense Breakdown

Total Operating Expense: $17,309
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 1325 E 11Th St

Interior Features

Laundry Information

Has Laundry
Community

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: Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 3
Parcel Number: 7267002030
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: n/a
Directions: South of Anaheim

Neighborhood Information

Community Features: Suburban

View more facts & features

Local Long Beach Agent

Sale History for 1325 E 11Th St

Last leased for $1,650 on June 19th, 2023

June, 2023
Jun 19, 2023

Date

Leased

CRMLS: OC23099533

$1,650

Price
Jun 6, 2023

Date

Active

CRMLS: OC23099533

$1,650

Price
Listing provided courtesy of CRMLS

New Vinyl flooring installed recently and updated kitchen. This private apartment is located upstairs and features a one bedroom with a full bathroom. This unit has gorgeous vinyl flooring throughout. This Spanish style apartment has great built in's in the dining room and hallways which gives plenty of storage and makes it more spacious. On site laundry facilities. One large garages can be added for $200 or off street parking spot for $50. Garages are oversize approximately 9 x 22. Applicants must have 680 credit plus.

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June, 2023
Jun 2, 2023

Date

Leased

CRMLS: OC23082497

$1,700

Price
May 12, 2023

Date

Active

CRMLS: OC23082497

$1,700

Price
Listing provided courtesy of CRMLS

Welcome home! This upstairs has no above or below neighbor, only 1 common wall! This home will be getting new Vinyl flooring, fresh paint, new stove, and more! This private Spanish style apartment has gated side yard. On site laundry facilities. One large garage can be added for $200 or off street parking spot for $50. Garages are oversize approximately 9 x 22. Applicants must have 680 credit plus. Small pets accepted

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March, 2023
Mar 17, 2023

Date

Leased

CRMLS: OC23029183

$1,595

Price
Feb 20, 2023

Date

Active

CRMLS: OC23029183

$1,650

Price
Listing provided courtesy of CRMLS

New Vinyl flooring installed recently and updated kitchen. This private apartment is located upstairs and features a one bedroom with a full bathroom. This unit has gorgeous vinyl flooring throughout. This Spanish style apartment has great built in's in the dining room and hallways which gives plenty of storage and makes it more spacious. On site laundry facilities. One or more large garages can be added for $200 or off street parking spot for $50. Garages are oversize approximately 9 x 22. Applicants must have 680 credit plus.

Continue Reading
February, 2023
Feb 9, 2023

Date

Sold

CRMLS: PW22253633

$750,000

Price
Dec 9, 2022

Date

Active

CRMLS: PW22253633

$775,000

Price
June, 2020
Jun 22, 2020

Date

Leased

CRMLS: OC20106518

$1,245

Price
Jun 16, 2020

Date

Hold

CRMLS: OC20106518

$1,195

Price
Jun 3, 2020

Date

Active

CRMLS: OC20106518

$1,195

Price
Listing provided courtesy of CRMLS

Street parking ONLY. Applicants must have 680 credit plus. Unit will be available July 6th.This private apartment is located upstairs and features a one bedroom with a full bathroom. This unit has gorgeous vinyl flooring throughout.. This older style apartment has great built in's in the dining room and hallways which gives plenty of storage and makes it more spacious. Parking is just steps from the unit. No pets allowed.

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May, 2018
May 29, 2018

Date

Leased

CRMLS: OC18126001

$1,100

Price
May 29, 2018

Date

Active

CRMLS: OC18126001

$1,100

Price
Listing provided courtesy of CRMLS

This private apartment is located upstairs and features a one bedroom with a full bathroom. This unit has brand new gorgeous vinyl flooring throughout and has been freshly painted. This older style apartment has great built in's in the dining room and hallways which gives plenty of storage and makes it more spacious. Parking is just steps from the unit. No pets allowed.

Continue Reading
November, 2009
Nov 20, 2009

Date

Sold (Public Records)

Public Records

--

Price
October, 1984
Oct 11, 1984

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1325 E 11Th St

Assessed Value (2020): $155,978

Year	Land Value	Improved Value	Assessed Value
2020	$84,489	$71,489	$155,978

Home Value Compared to the Market

This property vs the competition

1325 E 11Th St sold on February 9, 2023 for 5.37% 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 $384.81 per/sqft which puts the price per square foot 38.73% lower than the current median sale per square foot for the city of Long Beach.

About 1325 E 11Th St

Detailed summary of property

1325 E 11Th St is a triplex that recently sold in Long Beach, CA 90813. This triplex offered 4 bedrooms, 3 bathrooms, roughly 2,014 living square feet, and sits on an approximately 5,111 square foot lot. 1325 E 11Th St was first listed on ArdentRealEstateGroup.com on December 9, 2022. The homeowner sold the property for $750,000. 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 5.37% lower than the current median priced home. Local homes that are currently for sale include 2841 E 65th St, 1901 E 68th St and 1901 E 68th St. While the average home in Long Beach, CA is selling in 62 days, 1325 E 11Th St has a days on market of 29 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 1325 E 11Th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1325 E 11Th St

Public county record property details

Beds: 4
Baths: 3
Year built: 1919
Sq. Ft.: 2,014
Lot Size: 5,111
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 7267-002-030

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$560,000

Median List Price/Sq.Ft.

$553

Median Sold Price

$495,000

Median Sold Price/Sq.Ft.

$587

Total Inventory

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), 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.