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180 Nieto Ave Long Beach, CA 90803

$1,100,000 Sold Price as of 07/07/2021

3 Beds
2 Baths
1,164 Sq.Ft.

Sold

$1,100,000 Sold Price as of 07/07/2021 Refinance Your Mortgage

Map preview of 180 Nieto Ave, Long Beach, CA 90803

Property Overview: 180 Nieto Ave Long Beach, CA has 3 bedrooms, 2 bathrooms, 1,164 living square feet and 2,699 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic opportunity to own a charming duplex in the center of Belmont Shore. This residence is a quintessential coastal duplex in the heart of Belmont Shore. In turnkey condition, the home gives owners the option to live in one unit, and rent out another. The larger front unit features two bedrooms, one full bathroom, fireplace in living room, extends across approximately 936 square feet, and rents for approximately $3,500 a month. The back unit is a studio at approximately 228 square feet and rents for approximately $1,000 a month. Featuring a one car garage and parking pad, and a fully landscaped front yard, this residence is an exceptional investment. Situated just moments from picturesque beaches, world-class dining, shopping, and entertainment, this property is not to be missed!

Listed by Andrew Carter | BRE #01907002 | Realty Source Inc.

Last checked: 12 minutes ago | Last updated: January 10th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft: 2,699
HOA Dues: $0/mo
Year built: 1946
Garage: 1 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW21092435
City: Long Beach
County: Los Angeles
Time on Site: 1225 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $4,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,400

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $54,000
Net Operating Income: $49,000
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $4,800
Electric: $400
Gas/Fuel: $300
New Taxes: $3,000
Trash: $400
Insurance: $2,200
Water/Sewer: $500

Property Details for 180 Nieto Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, See Remarks, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 1
# of Parking Spaces: 1

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 7247005005
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Belmont Shore (BSD)
Directions: 2nd st

Neighborhood Information

Community Features: Biking

View more facts & features

Local Long Beach Agent

Sale History for 180 Nieto Ave

Last sold for $1,100,000 on July 7th, 2021

July, 2021
Jul 9, 2021

Date

Sold

CRMLS: PW21092435

$1,100,000

Price
Jun 16, 2021

Date

Pending

CRMLS: PW21092435

$1,100,000

Price
May 10, 2021

Date

Active Under Contract

CRMLS: PW21092435

$1,100,000

Price
May 1, 2021

Date

Active

CRMLS: PW21092435

$1,100,000

Price
May, 2021
May 1, 2021

Date

Canceled

CRMLS: NP21076544

$1,100,000

Price
Apr 13, 2021

Date

Active

CRMLS: NP21076544

$1,100,000

Price
Listing provided courtesy of CRMLS
June, 2018
Jun 27, 2018

Date

Sold

CRMLS: PW18101108

$820,000

Price
Jun 26, 2018

Date

Pending

CRMLS: PW18101108

$888,000

Price
May 15, 2018

Date

Active Under Contract

CRMLS: PW18101108

$888,000

Price
May 5, 2018

Date

Active

CRMLS: PW18101108

$888,000

Price
Listing provided courtesy of CRMLS

Fantastic price on this charming duplex in the center of Belmont Shore. Location, Location, Location! Traditional Beach Cottage Duplex in the heart of Belmont Shore. This IS where everyone wants to be! Rental rates are great, & area vacancy rates are super low with NO rent control. Owner kept it in impeccable condition. Owners unit featuring a 2 bed/ 1 full bath 936 sq/ft. Rental unit above garage studio 228 sq. ft. One car garage and parking pad. Owners unit has romantic fire place in living room, dining area. Front is fully landscaped, with charming white fence and there is also a back patio area, This is a great property to owner occupy, while having a great income to help with the mortgage. Buy now while interest rates are still low. The property is a short walk to the sand and beach and short walk to all of the amazing restaurants, and shopping of 2nd street. This property is a must see! Pride of ownership shows with this property.

Continue Reading
June, 2018
Jun 27, 2018

Date

Sold (Public Records)

Public Records

$820,000

Price
February, 2016
Feb 10, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 180 Nieto Ave

Assessed Value (2020): $853,128

Year	Land Value	Improved Value	Assessed Value
2020	$728,280	$124,848	$853,128

Home Value Compared to the Market

This property vs the competition

180 Nieto Ave sold on July 7, 2021 for 34.31% 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 $945.02 per/sqft which puts the price per square foot 50.48% higher than the current median sale per square foot for the city of Long Beach.

About 180 Nieto Ave

Detailed summary of property

180 Nieto Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,164 living square feet, and sits on an approximately 2,699 square foot lot. 180 Nieto Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,100,000. 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 34.31% higher than the current median priced home. Local homes that are currently for sale include 1122 Cherry Ave, 2277 Granada Ave and 1509 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 180 Nieto Ave has a days on market of 6 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 180 Nieto Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 180 Nieto Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1946
Sq. Ft.: 1,164
Lot Size: 2,699
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7247-005-005

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,595,000

Median List Price/Sq.Ft.

$824

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$755

Total Inventory

128

Median Sale to List Price %

100.2%

Avg Days on Market

Loan Type

Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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(714) 706-1823

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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.