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193 E Norton St, Long Beach, CA 90805
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193 E Norton St Long Beach, CA 90805

$2,450,000 Sold Price as of 04/28/2020
  • 16 Beds
  • 12 Baths
  • 7,828 Sq.Ft.
Sold
$2,450,000 Sold Price as of 04/28/2020 Refinance Your Mortgage
Map preview of 193 E Norton St, Long Beach, CA 90805

Property Overview: 193 E Norton St Long Beach, CA has 16 bedrooms, 12 bathrooms, 7,828 living square feet and 17,172 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: -Desirable Mix of Studio, 1BR & 2 BR Units -Substantial Rental Upside -Garages & Open Parking -Desirable Low-Density Layout -Over $85,000 in Recent Improvements, Including New Roofs -Washer/Dryer Hookups (In Some Units)

Listed by Peter Gillin | BRE #01433769 | Morgan Skenderian
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
17,172
HOA Dues
$0/mo
Year built
1971
Garage
13 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20035737
City
Long Beach
County
Los Angeles
Time on Site
1408 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 3
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $2,190
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $4,810
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $8,635
  • Pro Forma/Market Rent: $9,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 12.95
  • Gross Scheduled Income: $184,920
  • Net Operating Income: $116,820
  • Gross Operating Income: $179,372
  • Vacancy Allowance: $5,548
  • Gross Spendable Income: $57,448
  • Laundry Income: $1,500
Annual Expense Breakdown
  • Total Operating Expense: $62,553
  • Electric: $1,924
  • New Taxes: $28,978
  • Trash: $1,924
  • Gardener: $3,600
  • Insurance: $2,348
  • Maintenance: $12,944
  • Professional Management: $4,800
  • Water/Sewer: $1,924
  • Other Expenses: $2,159
  • Other Expense Description: Assess.

Property Details for 193 E Norton St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Living Room, Master Bathroom, Master Bedroom
Interior Features
  • Unfurnished
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 13
  • # of Parking Spaces: 17
  • Parking Features: Garage, Street, Uncovered
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7126011021
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Other Subdivision Name: De Forest
  • Directions: North of E. Market St. & East of Long Beach Blvd.
Neighborhood Information
  • Community Features: Curbs, Gutters, Park, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 193 E Norton St

Last sold for $2,450,000 on April 28th, 2020

  • April, 2020

  • Apr 28, 2020

    Date

    Sold

    CRMLS: PW20035737

    $2,450,000

    Price

  • Mar 15, 2020

    Date

    Pending

    CRMLS: PW20035737

    $2,395,000

    Price

  • Mar 3, 2020

    Date

    Active Under Contract

    CRMLS: PW20035737

    $2,395,000

    Price

  • Feb 18, 2020

    Date

    Active

    CRMLS: PW20035737

    $2,395,000

    Price

  • April, 2020

  • Apr 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,450,000

    Price

  • April, 2020

  • Apr 15, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 193 E Norton St

Assessed Value (2020): $414,287
Year Land Value Improved Value Assessed Value
2020 $185,721 $228,566 $414,287

Home Value Compared to the Market

This property vs the competition

193 E Norton St sold on April 28, 2020 for 199.38% 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 $305.95 per/sqft which puts the price per square foot 51.59% lower than the current median sale per square foot for the city of Long Beach.

About 193 E Norton St

Detailed summary of property

193 E Norton St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 16 bedrooms, 12 bathrooms, roughly 7,828 living square feet, and sits on an approximately 17,172 square foot lot. 193 E Norton St was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,450,000. 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 199.38% higher than the current median priced home. Local homes that are currently for sale include 536 Saint Louis Ave, 441 Dawson Ave and 791 Coronado Ave. While the average home in Long Beach, CA is selling in 51 days, 193 E Norton St has a days on market of 12 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 193 E Norton 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 193 E Norton St

Public county record property details
Beds
12
Baths
6
Year built
1971
Sq. Ft.
4,860
Lot Size
6,808
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
32,33
APN
7126-011-021

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
$699,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
63
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

Thinking of Selling?

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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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