1950 San Francisco Ave Long Beach, CA 90806

$820,000 Sold Price as of 08/01/2018

7 Beds
5 Baths
3,439 Sq.Ft.

Off Market

$820,000 Sold Price as of 08/01/2018 Refinance Your Mortgage

Property Overview: 1950 San Francisco Ave Long Beach, CA has 7 bedrooms, 5 bathrooms, 3,439 living square feet and 6,680 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1950 San Francisco Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $785,000. The median price per/sqft for Long Beach is $648. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $157,000 for the down payment and will need roughly $15,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1950 San Francisco Ave

Last sold for $820,000 on August 1st, 2018

August, 2018
Aug 1, 2018

Date

Sold

CRMLS: SB18109059

$820,000

Price
Jun 29, 2018

Date

Pending

CRMLS: SB18109059

$875,000

Price
May 22, 2018

Date

Active

CRMLS: SB18109059

$875,000

Price
May 22, 2018

Date

Pending

CRMLS: SB18109059

$875,000

Price
May 9, 2018

Date

Active

CRMLS: SB18109059

$875,000

Price
Listing provided courtesy of CRMLS

1950 San Francisco Ave., Long Beach, CA, a 5 unit building located on a beautiful street in South Wrigley. The property consists of (1) 3-bed/1-bath House, (4) 1-bed/1-bath units. Front 3-bed/1-bath will be vacant shortly after close of escrow. The property sits on a large 6,681 lot, with 3,439 of building area. Located on a beautiful street and in an ideal cul-de-sac in the quiet part of South Wrigley, this property has a current 5.02% CAP, with a market cap at nearly 7%! The property is equipped with 3 garages, and is offering one of the higher CAP rates on the market. This is the perfect investment for any buyer or owner looking to own property in one of Southern California's last affordable beach cities. Current Tax Assessment shows 4 units, but verified permits with the city showing all work was properly done in 1950 for 2nd unit and in 56 for the additional 3 units. Buyer would need to work with city to get corrected on Tax Code. Buyer To verify.

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August, 2018
Aug 1, 2018

Date

Sold (Public Records)

Public Records

$820,000

Price
April, 2001
Apr 6, 2001

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1950 San Francisco Ave

Assessed Value (2020): $837,440

Year	Land Value	Improved Value	Assessed Value
2020	$306,000	$531,440	$837,440

About 1950 San Francisco Ave

Detailed summary of property

1950 San Francisco Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Long Beach, CA 90806 and last sold on August 1, 2018 for $820,000. This property has 7 bedrooms, 5 bathrooms, roughly 3,439 living square feet, and sits on an approximately 6,680 square foot lot. Homes 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 0.12% higher than the current median priced home. 1950 San Francisco Ave was last sold on August 1, 2018 for $820,000. Local nearby listings include 525 East Seaside Way #Penthouse 5, 6428 Johnson Ave and 2729 E 56th St. The average home in Long Beach, CA is selling in 61 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. If you are the homeowner and looking to sell the home at 1950 San Francisco Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1950 San Francisco Ave

Public county record property details

Beds: 7
Baths: 5
Year built: 1946
Sq. Ft.: 3,439
Lot Size: 6,680
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 7202-028-028

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,900

Median List Price/Sq.Ft.

$531

Median Sold Price

$920,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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