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152 W Market St Long Beach, CA 90805

$935,000 Sold Price as of 06/14/2023

5 Beds
4 Baths
2,433 Sq.Ft.

Sold

$935,000 Sold Price as of 06/14/2023 Refinance Your Mortgage

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Map preview of 152 W Market St, Long Beach, CA 90805

Property Overview: 152 W Market St Long Beach, CA has 5 bedrooms, 4 bathrooms, 2,433 living square feet and 5,427 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 152 W Market Street presents an opportunity for a purchaser to follow the lead of the long-term ownership in a value-add apartment complex located in North Long Beach. As a recently-leased vacancy has provided a major increase in income, a new investor should continue adding value, raise revenue, and improve operating efficiency. 4 Units Across 2 Structures - Built In 1959 & 1924 - One 2 Bedroom + 1 Bathroom Unit, Three 1 Bedroom + 1 Bathroom Units - 2,433 Gross Square Feet - Individually Metered for Electricity & Gas - Laundry Hookups In Each Unit - 5,427 SF Lot - LBR1N - 4 Surface Parking Spaces - 38% Rent Upside

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investment Services

Last checked: 13 minutes ago | Last updated: June 26th, 2023 | Source CRMLS | DOM: 208

Home details

Lot Sq. Ft: 5,427
HOA Dues: $0/mo
Year built: 1959
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22207555
City: Long Beach
County: Los Angeles
Time on Site: 549 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,600

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,050
Total Rent: $1,050
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,060
Total Rent: $1,060
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.97
Gross Scheduled Income: --
Net Operating Income: $34,790
Gross Operating Income: $57,152

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 152 W Market St

Interior Features

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
In Kitchen

Kitchen Information

Has Appliances
Refrigerator, Oven, Range

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Side by Side

Lot Information

Lot Features: Back Yard

Property Information

No View
View: None
Total # of Units: 4
Parcel Number: 7132009004

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: West on Market Street from Long Beach Blvd

View more facts & features

Local Long Beach Agent

Sale History for 152 W Market St

Last sold for $935,000 on June 14th, 2023

June, 2023
Jun 14, 2023

Date

Sold

CRMLS: 22207555

$935,000

Price
Oct 10, 2022

Date

Active

CRMLS: 22207555

$1,000,000

Price
May, 2011
May 19, 2011

Date

Sold (Public Records)

Public Records

$290,000

Price
August, 2002
Aug 1, 2002

Date

Sold (Public Records)

Public Records

$290,000

Price

Tax History for 152 W Market St

Assessed Value (2020): $339,719

Year	Land Value	Improved Value	Assessed Value
2020	$164,002	$175,717	$339,719

Home Value Compared to the Market

This property vs the competition

152 W Market St sold on June 14, 2023 for 25% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $390.46 per/sqft which puts the price per square foot 38.32% lower than the current median sale per square foot for the city of Long Beach.

About 152 W Market St

Detailed summary of property

152 W Market St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,433 living square feet, and sits on an approximately 5,427 square foot lot. 152 W Market St was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $935,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 25% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 1861 Orange Ave and 1367 Alamitos Ave. While the average home in Long Beach, CA is selling in 56 days, 152 W Market St has a days on market of 208 days. There are currently 548 homes for sale in the Long Beach real estate market and 310 of them are single family homes while 223 of them are condos and 15 are townhomes. For more information on this home for sale at 152 W 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 152 W Market St

Public county record property details

Beds: 5
Baths: 4
Year built: 1959
Sq. Ft.: 2,433
Lot Size: 5,427
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 6,7
APN: 7132-009-004

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

$689,990

Median List Price/Sq.Ft.

$537

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$605

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (40%), FHA (28%), VA (4%), Cash (12%), Other (12%)

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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.