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201 E 12Th St, Long Beach, CA 90813
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201 E 12Th St Long Beach, CA 90813

$7,650,000 Sold Price as of 07/19/2022
  • 30 Beds
  • 28 Baths
  • 18,380 Sq.Ft.
Sold
$7,650,000 Sold Price as of 07/19/2022 Refinance Your Mortgage
Map preview of 201 E 12Th St, Long Beach, CA 90813

Property Overview: 201 E 12Th St Long Beach, CA has 30 bedrooms, 28 bathrooms, 18,380 living square feet and 17,008 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Twelfth Street Apartments are located in the City of Long Beach, a premier coastal downtown within Los Angeles County. The subject property offers an attractive unit mix consisting of Studio’s, standard 1B/1B and 2B/1B units, and large 1B/1B and 2B/1B units totaling 18,380 square feet. This 28-unit property is situated over two contiguous parcels totaling 17,008 square feet and is located within a dense urban neighborhood known for its historic culture and accessibility to the heart of Downtown Long Beach. This pride-of-ownership asset has been beautifully manicured and recently renovated to include new exterior paint, new garage doors, new windows, upgraded courtyard, stucco, and front entry wood siding. Common area amenities include but are not limited to: secured and gated front/rear entrances, courtyard with artificial turf, ambient lighting, planter beds, and outdoor furniture, two on-site laundry facilities, and four enclosed garages and 9 open parking spaces. Having been professionally managed and meticulously improved, this asset offers a buyer the opportunity to cash flow from day one while also providing continued growth and rental demand within the historic “Wilmore City” district. The Twelfth Street Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

Listed by Greg Bassirpou | BRE #01365951 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
17,008
HOA Dues
$0/mo
Year built
1954
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22102844
City
Long Beach
County
Los Angeles
Time on Site
731 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 2
  • # of Electric Meters: 28
  • # of Gas Meters: 28
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 22
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $33,559
  • Total Rent: $33,559
  • Pro Forma/Market Rent: $37,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,620
  • Total Rent: $2,620
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,759
  • Total Rent: $6,759
  • Pro Forma/Market Rent: $7,980
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 14.83
  • Gross Scheduled Income: $515,256
  • Net Operating Income: $324,505
  • Gross Operating Income: $522,456
  • Vacancy Allowance: $10,449
  • Laundry Income: $7,200
Annual Expense Breakdown
  • Total Operating Expense: $187,502
  • Electric: $5,566
  • Gas/Fuel: $5,566
  • New Taxes: $101,350
  • Trash: $5,566
  • Insurance: $6,410
  • Professional Management: $15,000
  • Water/Sewer: $5,566

Property Details for 201 E 12Th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 13
Lot Information
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 28
  • Parcel Number: 7273003007
  • Year Built Source: Public Records
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please do not disturb tenants. Make all offers subject to inspection. DRIVE BY ONLY
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 201 E 12Th St

Last sold for $7,650,000 on July 19th, 2022

  • July, 2022

  • Jul 19, 2022

    Date

    Sold

    CRMLS: OC22102844

    $7,650,000

    Price

  • May 16, 2022

    Date

    Active

    CRMLS: OC22102844

    $7,750,000

    Price

  • July, 2014

  • Jul 10, 2014

    Date

    Sold (Public Records)

    Public Records

    $3,550,000

    Price

  • April, 2007

  • Apr 19, 2007

    Date

    Sold (Public Records)

    Public Records

    $2,800,000

    Price

Show More

Tax History for 201 E 12Th St

Assessed Value (2020): $1,950,613
Year Land Value Improved Value Assessed Value
2020 $1,365,430 $585,183 $1,950,613

Home Value Compared to the Market

This property vs the competition

201 E 12Th St sold on July 19, 2022 for 868.75% 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 $421.65 per/sqft which puts the price per square foot 33.28% lower than the current median sale per square foot for the city of Long Beach.

About 201 E 12Th St

Detailed summary of property

201 E 12Th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 30 bedrooms, 28 bathrooms, roughly 18,380 living square feet, and sits on an approximately 17,008 square foot lot. 201 E 12Th St was first listed on ArdentRealEstateGroup.com on May 16, 2022. The homeowner sold the property for $7,650,000. 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 868.75% higher than the current median priced home. Local homes that are currently for sale include 846 N Alta Vista Blvd, 1003 E Balboa Blvd and 11755 National Blvd. While the average home in Long Beach, CA is selling in 51 days, 201 E 12Th St has a days on market of 10 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 201 E 12Th 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 201 E 12Th St

Public county record property details
Beds
15
Baths
14
Year built
1954
Sq. Ft.
9,190
Lot Size
8,504
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,182
APN
7273-003-007

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
$570,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
34
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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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