Image 2 for 1735 E 10Th St, Long Beach, CA 90813

View Photos

1735 E 10Th St Long Beach, CA 90813

$3,550,000 Sold Price as of 09/22/2022

22 Beds
14 Baths
10,253 Sq.Ft.

Sold

$3,550,000 Sold Price as of 09/22/2022 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 1735 E 10Th St, Long Beach, CA 90813

Property Overview: 1735 E 10Th St Long Beach, CA has 22 bedrooms, 14 bathrooms, 10,253 living square feet and 12,821 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BEST PRICED DEAL IN LONG BEACH. 13.1 GRM AND 5.0% CAP ON IN PLACE RENTS. 14 units in Long Beach - excellent unit mix for the area. All unit interiors were updated by Seller with new kitchen countertops, paint and flooring. There is onsite laundry and a total of 11 parking spaces onsite. Property is offered at 5.0% CAP against in place rents with upside to a 5.9% CAP. Property is professionally managed and well maintained. All units are rented and there is some rental upside for the Buyer to obtain as rent increases are issued. Excellent 1031 Exchange property or for anyone who wants to become an owner in the City of Long Beach which currently has over $8BB in redevelopment occurring. The property is subject to AB1482 Rent Control allowing for 10% increases in 2022. CONTACT LA1 FOR MORE INFO AND A RENT ROLL.

Listed by Jonathan Swire | BRE #01336277 | The Agency

Last checked: 5 minutes ago | Last updated: September 23rd, 2022 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft: 12,821
HOA Dues: $0/mo
Year built: 1928
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22169907
City: Long Beach
County: Los Angeles
Time on Site: 822 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 14
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 6
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $9,000
Pro Forma/Market Rent: $1,695

Unit Breakdown 2

# of Units: 8
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,695
Total Rent: $11,300
Pro Forma/Market Rent: $1,895

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5%
Gross Rent Multiplier: 13.1
Gross Scheduled Income: --
Net Operating Income: $185,000
Gross Operating Income: $283,000

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1735 E 10Th St

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 11
Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 14
Parcel Number: 7267012035

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: 14 Units on the East Side of Long Beach

View more facts & features

Local Long Beach Agent

Sale History for 1735 E 10Th St

Last sold for $3,550,000 on September 22nd, 2022

September, 2022
Sep 22, 2022

Date

Sold

CRMLS: 22169907

$3,550,000

Price
Jun 17, 2022

Date

Active

CRMLS: 22169907

$3,695,000

Price
June, 2017
Jun 20, 2017

Date

Sold (Public Records)

Public Records

$2,550,000

Price
June, 2008
Jun 27, 2008

Date

Sold (Public Records)

Public Records

$1,609,000

Price

Tax History for 1735 E 10Th St

Assessed Value (2020): $2,707,280

Year	Land Value	Improved Value	Assessed Value
2020	$1,894,256	$813,024	$2,707,280

Home Value Compared to the Market

This property vs the competition

1735 E 10Th St sold on September 22, 2022 for 351.16% higher 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 $360.38 per/sqft which puts the price per square foot 42.61% lower than the current median sale per square foot for the city of Long Beach.

About 1735 E 10Th St

Detailed summary of property

1735 E 10Th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 22 bedrooms, 14 bathrooms, roughly 10,253 living square feet, and sits on an approximately 12,821 square foot lot. 1735 E 10Th St was first listed on ArdentRealEstateGroup.com on June 20, 2022. The homeowner sold the property for $3,550,000. 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 351.16% higher than the current median priced home. Local homes that are currently for sale include 825 E 108th St, 7361 Artesia Blvd and 10961 S Figueroa St. While the average home in Long Beach, CA is selling in 62 days, 1735 E 10Th St has a days on market of 68 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 1735 E 10Th 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 1735 E 10Th St

Public county record property details

Beds: 22
Baths: 14
Year built: 1928
Sq. Ft.: 10,253
Lot Size: 12,820
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 7267-012-035

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%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1735 E 10Th St

Nearby Homes for Sale

Recently Sold Homes Near 1735 E 10Th St

$1,815,000 Last Sold Price

12 Beds

8 Baths

5811 Sq.Ft.

1746 E 10th St
Long Beach, CA 90813

$980,000 Last Sold Price

6 Beds

3 Baths

1794 Sq.Ft.

1034 Gaviota Ave
Long Beach, CA 90813

$1,150,000 Last Sold Price

7 Beds

6 Baths

3472 Sq.Ft.

1818 E 10th St
Long Beach, CA 90813

$649,000 Last Sold Price

6 Beds

4 Baths

1461 Sq.Ft.

1059 Gaviota Ave
Long Beach, CA 90813

Related Resources to 1735 E 10Th St

New Listings in 90813

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.