Search
1701 Park Ave, Long Beach, CA 90815
Image 2 for 1701 Park Ave, Long Beach, CA 90815
Image 3 for 1701 Park Ave, Long Beach, CA 90815
View Photos

1701 Park Ave Long Beach, CA 90815

$3,100,000
  • 18 Beds
  • 9 Baths
  • 6,750 Sq.Ft.
Back Up Offer
$3,100,000 Get Pre-Qualified
Map preview of 1701 Park Ave, Long Beach, CA 90815

Property Overview: 1701 Park Ave Long Beach, CA has 18 bedrooms, 9 bathrooms, 6,750 living square feet and 8,712 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: 1701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 1 minute ago | Last updated: September 9th, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
8,712
HOA Dues
$0/mo
Year built
1961
Garage
3 Car
Property Type:
Apartment
Status
Back Up Offer
MLS#
OC24151346
City
Long Beach
County
Los Angeles
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 2
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $24,560
  • Total Rent: $24,560
  • Pro Forma/Market Rent: $26,325
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.86%
  • Gross Rent Multiplier: 10.35
  • Gross Scheduled Income: $294,720
  • Net Operating Income: $212,690
  • Gross Operating Income: $285,878
  • Vacancy Allowance: $8,842
  • Other Income 1: $4,698
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $77,887
  • Electric: $1,054
  • Gas/Fuel: $1,054
  • New Taxes: $38,573
  • Trash: $1,054
  • Insurance: $7,200
  • Maintenance: $6,750
  • Professional Management: $14,529
  • Water/Sewer: $1,055
  • Other Expenses: $6,618
  • Other Expense Description: Misc

Open Houses for 1701 Park Ave

No upcoming open houses

Schedule Tour

Property Details for 1701 Park Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 7220002009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: Cross Streets of Park Avenue & East Atherton Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1701 Park Ave

View property's historical transactions

  • September, 2024

  • Sep 9, 2024

    Date

    Back Up Offer

    CRMLS: OC24151346

    $3,100,000

    Price

  • Jul 23, 2024

    Date

    Active

    CRMLS: OC24151346

    $3,100,000

    Price

Tax History for 1701 Park Ave

Assessed Value (2020): $511,481
Year Land Value Improved Value Assessed Value
2020 $189,433 $322,048 $511,481

Home Value Compared to the Market

This property vs the competition

1701 Park Ave is listed 294.9% higher than the median list price for the city of Long Beach which has a median list price of $785,000. The median price per/sqft for Long Beach is $648 and this home is listed at $459.26 per/sqft which puts the price per square foot 29.13% lower than the median price per square foot for the city of Long Beach.

About 1701 Park Ave

Detailed summary of property

1701 Park Ave is a apartment located in Long Beach, CA 90815 and is currently in escrow to be sold. This apartment offers 18 bedrooms, 9 bathrooms, roughly 6,750 living square feet, and sits on an approximately 8,712 square foot lot. 1701 Park Ave was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $3,100,000. The median priced home in Long Beach is $785,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 294.9% higher than the median priced home. Local competing homes currently for sale include 1837 E 3rd St, 1517 E 1st St and 1045 E 4th St. While the average home in Long Beach, CA is selling in 61 days, 1701 Park Ave has a days on market of 55 days. There are currently 778 homes for sale in the Long Beach real estate market and 418 of them are single family homes while 337 of them are condos and 22 are townhomes. For more information on this home for sale at 1701 Park Ave Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1701 Park Ave

Public county record property details
Beds
18
Baths
9
Year built
1961
Sq. Ft.
6,750
Lot Size
8,740
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
7220-002-009

The source for these homes facts are from public records.

90815 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,095,000
Median List Price/Sq.Ft.
$650
Median Sold Price
$1,115,000
Median Sold Price/Sq.Ft.
$669
Total Inventory
77
Median Sale to List Price %
95.71%
Avg Days on Market
23
Loan Type
Conventional (44.83%), FHA (3.45%), VA (3.45%), Cash (17.24%), Other (31.03%)

Tour This Home

Image Description
Contact Jon
Long Beach Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1701 Park Ave

Nearby Homes for Sale

1660 Park Ave, Long Beach, CA 90815
$3,100,000
18 Beds
9 Baths
7551 Sq.Ft.
1660 Park Ave
Long Beach, CA 90815
4016 E Wilton, Long Beach, CA 90804
$2,499,999
6 Beds
5 Baths
3346 Sq.Ft.
4016 E Wilton
Long Beach, CA 90804
386 Mira Mar Ave, Long Beach, CA 90814
$2,549,000
9 Beds
5 Baths
4764 Sq.Ft.
386 Mira Mar Ave
Long Beach, CA 90814
263 Corona Ave, Long Beach, CA 90803
$2,499,000
5 Beds
5 Baths
4312 Sq.Ft.
263 Corona Ave
Long Beach, CA 90803
263 Corona Avenue, Long Beach, CA 90803
$2,499,000
5 Beds
4 Baths
4312 Sq.Ft.
263 Corona Avenue
Long Beach, CA 90803
3316 E 3rd St, Long Beach, CA 90814
$2,950,000
5 Beds
7 Baths
3516 Sq.Ft.
3316 E 3rd St
Long Beach, CA 90814
5267 E Ocean Blvd, Long Beach, CA 90803
$3,549,900
20 Beds
16 Baths
2703 Sq.Ft.
5267 E Ocean Blvd
Long Beach, CA 90803
1944 E 4th St, Long Beach, CA 90802
$2,490,000
24 Beds
42 Baths
5817 Sq.Ft.
1944 E 4th St
Long Beach, CA 90802

Recently Sold Homes Near 1701 Park Ave

1760 Park Ave, Long Beach, CA 90815
$1,491,250 Last Sold Price
11 Beds
6 Baths
4776 Sq.Ft.
1760 Park Ave
Long Beach, CA 90815
4750 E Malta St, Long Beach, CA 90815
$1,393,850 Last Sold Price
4 Beds
4 Baths
2536 Sq.Ft.
4750 E Malta St
Long Beach, CA 90815
4786 E Malta St, Long Beach, CA 90815
$1,875,000 Last Sold Price
10 Beds
8 Baths
5548 Sq.Ft.
4786 E Malta St
Long Beach, CA 90815
4781 E Pacific Coast Highway, Long Beach, CA 90804
$1,340,000 Last Sold Price
6 Beds
5 Baths
2971 Sq.Ft.
4781 E Pacific Coast Highway
Long Beach, CA 90804

Related Resources to 1701 Park Ave

New Listings in 90815
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Call