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1701 Long Beach Blvd, Long Beach, CA 90813
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1701 Long Beach Blvd Long Beach, CA 90813

$1,400,000 Sold Price as of 12/11/2019
  • -- Beds
  • -- Baths
  • 4,015 Sq.Ft.
Sold
$1,400,000 Sold Price as of 12/11/2019 Refinance Your Mortgage
Map preview of 1701 Long Beach Blvd, Long Beach, CA 90813

Property Overview: 1701 Long Beach Blvd Long Beach, CA has -- bedrooms, -- bathrooms, 4,015 living square feet and 19,572 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Tenants are not aware of the sale, please do not talk to tenants. This an excellent development, investment, or owner use opportunity. 1701 Long Beach Blvd is a prime development parcel situated on the Specific Plan Districts (SP-1-CDR, former PD 29). The Midtown Specific Plan provides a framework for the development and improvement of a 369-acre corridor along Long Beach Boulevard in the City of Long Beach. The Specific Plan is intended to be more flexible than conventional zoning to encourage new investment and development along the corridor. The Corridor District is applied to properties along Long Beach Boulevard between Blue Line stations and the 405 Freeway. It is intended to provide housing options and neighborhood-serving uses within walking distance of a transit node. Multifamily residential and mixed-use projects are in two- to four-story buildings. Single-use, neighborhood-serving uses occupy buildings between one and three stories. 4% Stabilized Cap Rate with current rent & New Tax. Current rent is below the market rate. Low land price / SF of only $91.46. Heavy traffic volume, minutes to Metro Blue Line stations, close to freeways and beach, excellent exposure for business and easy access from Long Beach Blvd and Palmer Ct.

Listed by Anna Yang | BRE #01406211 | New Star Realty & Inv.
Co-listed by Brian Yang | BRE #01856389 | New Star Realty & Inv.
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft
19,572
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
TR19076274
City
Long Beach
County
Los Angeles
Time on Site
1399 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $106,800
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1701 Long Beach Blvd

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Value In Land
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 7269019043
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: South of Pacific Coast Hway
View more facts & features

Local Long Beach Agent

Sale History for 1701 Long Beach Blvd

Last sold for $1,400,000 on December 11th, 2019

  • December, 2019

  • Dec 14, 2019

    Date

    Sold

    CRMLS: TR19076274

    $1,400,000

    Price

  • Nov 15, 2019

    Date

    Pending

    CRMLS: TR19076274

    $1,790,000

    Price

  • Aug 10, 2019

    Date

    Active Under Contract

    CRMLS: TR19076274

    $1,790,000

    Price

  • Apr 5, 2019

    Date

    Active

    CRMLS: TR19076274

    $1,790,000

    Price

  • December, 2019

  • Dec 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • March, 2004

  • Mar 1, 2004

    Date

    Sold (Public Records)

    Public Records

    $440,000

    Price

Show More

Tax History for 1701 Long Beach Blvd

Assessed Value (2020): $1,400,000
Year Land Value Improved Value Assessed Value
2020 $910,000 $490,000 $1,400,000

Home Value Compared to the Market

This property vs the competition

1701 Long Beach Blvd sold on December 11, 2019 for 123.75% 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 $445.83 per/sqft which puts the price per square foot 29.46% lower than the current median sale per square foot for the city of Long Beach.

About 1701 Long Beach Blvd

Detailed summary of property

1701 Long Beach Blvd is a mixed use that recently sold in Long Beach, CA 90813. This mixed use property offered -- bedrooms, -- bathrooms, roughly 4,015 living square feet, and sits on an approximately 19,572 square foot lot. 1701 Long Beach Blvd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,400,000. 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 123.75% higher than the current median priced home. Local homes that are currently for sale include 4600 S Central Ave, 5314 S Broadway and 2400 W Florence Ave. While the average home in Long Beach, CA is selling in 51 days, 1701 Long Beach Blvd has a days on market of 126 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 1701 Long Beach Blvd 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 1701 Long Beach Blvd

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
4,016
Lot Size
19,622
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7269-019-043

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
$600,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
33
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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