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1377 Warren Ave, Long Beach, CA 90813
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1377 Warren Ave Long Beach, CA 90813

$1,849,000
  • 5 Beds
  • 11 Baths
  • 4,944 Sq.Ft.
For Sale
$1,849,000 Get Pre-Qualified
Map preview of 1377 Warren Ave, Long Beach, CA 90813

Property Overview: 1377 Warren Ave Long Beach, CA has 5 bedrooms, 11 bathrooms, 4,944 living square feet and 5,700 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICED TO SELL. 9.9 GRM AND 5.8% CAP WITH UPSIDE TO A 6.6% CAP. 11 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.

Listed by Jonathan Swire | BRE #01336277 | The Agency
Last checked: 8 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
5,700
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389103
City
Long Beach
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,395
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: 9.9
  • Gross Scheduled Income: --
  • Net Operating Income: $122,000
  • Gross Operating Income: $186,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1377 Warren Ave

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Property Details for 1377 Warren Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 11
  • Parcel Number: 7268042011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 11 units in Long Beach subject to AB 1482 Rent Control.
View more facts & features

Local Long Beach Agent

Sale History for 1377 Warren Ave

Last sold on October 2nd, 2018

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: 24389103

    $1,849,000

    Price

  • October, 2018

  • Oct 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2017

  • Nov 17, 2017

    Date

    Sold

    CRMLS: PV17200905

    $1,250,000

    Price

  • Oct 30, 2017

    Date

    Pending

    CRMLS: PV17200905

    $1,275,000

    Price

  • Oct 12, 2017

    Date

    Active Under Contract

    CRMLS: PV17200905

    $1,275,000

    Price

  • Oct 6, 2017

    Date

    Active

    CRMLS: PV17200905

    $1,275,000

    Price

  • Sep 28, 2017

    Date

    Active Under Contract

    CRMLS: PV17200905

    $1,275,000

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: PV17200905

    $1,275,000

    Price

  • Sep 8, 2017

    Date

    Active Under Contract

    CRMLS: PV17200905

    $1,275,000

    Price

  • Sep 1, 2017

    Date

    Active

    CRMLS: PV17200905

    $1,275,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment property with upside potential. 11 units (county assesor roll shows 10, per city the 11th unit is probably "legal non-conforming", sellers has several Certificates of Occupancy that reflect 11 permitted units) Buyer to do own investigation. Fully rented on Month to Month tenancy with under market rents. Located across from park, near shopping, schools, downtown and freeways. Sold AS IS, sellers make no warranties or representations as to the condition of the property. Property does not have heat. Property is fixer in an up and coming neighborhood. Please do not disturb tenants.

  • November, 2017

  • Nov 16, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

Show More

Tax History for 1377 Warren Ave

Assessed Value (2020): $1,301,300
Year Land Value Improved Value Assessed Value
2020 $416,160 $885,140 $1,301,300

Home Value Compared to the Market

This property vs the competition

1377 Warren Ave is listed 131.41% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $643 and this home is listed at $373.99 per/sqft which puts the price per square foot 41.84% lower than the median price per square foot for the city of Long Beach.

About 1377 Warren Ave

Detailed summary of property

1377 Warren Ave is a multi family located in Long Beach, CA 90813 and is currently for sale. This multi family property offers 5 bedrooms, 11 bathrooms, roughly 4,944 living square feet, and sits on an approximately 5,700 square foot lot. 1377 Warren Ave was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $1,849,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $643. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 131.41% higher than the median priced home. Local competing homes currently for sale include 522 E Rhea St, 2529 E 10th St and 1050 Molino Ave. While the average home in Long Beach, CA is selling in 51 days, 1377 Warren Ave has a days on market of 11 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1377 Warren Ave 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 1377 Warren Ave

Public county record property details
Beds
4
Baths
10
Year built
1922
Sq. Ft.
4,944
Lot Size
5,715
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
7268-042-011

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
$570,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
34
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), 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.

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