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2116 E Bermuda St, Long Beach, CA 90814
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2116 E Bermuda St Long Beach, CA 90814

$1,475,000 Sold Price as of 11/28/2022
  • 4 Beds
  • 5 Baths
  • 3,760 Sq.Ft.
Sold
$1,475,000 Sold Price as of 11/28/2022 Refinance Your Mortgage
Map preview of 2116 E Bermuda St, Long Beach, CA 90814

Property Overview: 2116 E Bermuda St Long Beach, CA has 4 bedrooms, 5 bathrooms, 3,760 living square feet and 7,923 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Classic Spanish style four-plex with bonus unit in the back. Great set up with four very large one bedroom units. Two upstairs and two downstairs. Tax records show as a four unit property. The bonus unit is approximately 550 sqft single and not believed to be included in tax record sqft. Buyer to verify for themselves. There is a wonderful, spacious yard between the main building and back building. Bonus unit is all electric and is connected to building in back with 4 private garages and ally access. Owner has letter of acknowledgement from the city for the bonus unit. Solid trendy location away from traffic yet still close to the beach and walking distance to Bixby Park and lots of entertainment activities throughout the year. Rents are pretty close to market with a little room to improve. Analysis is using pro forma.

Listed by Mike Dunfee | BRE #01191497 | Dunfee Real Estate Services
Last checked: 4 minutes ago | Last updated: November 28th, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
7,923
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW22222674
City
Long Beach
County
Los Angeles
Time on Site
561 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.83%
  • Gross Rent Multiplier: 13.58
  • Gross Scheduled Income: $108,600
  • Net Operating Income: $71,275
  • Gross Operating Income: $105,342
  • # of Rented Garages: 4
Annual Expense Breakdown
  • Total Operating Expense: $34,067
  • Gas/Fuel: $0
  • New Taxes: $18,437
  • Trash: $1,200
  • Insurance: $3,000
  • Maintenance: $4,800
  • Professional Management: $5,430
  • Water/Sewer: $1,200

Property Details for 2116 E Bermuda St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen
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: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7263006020
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Water
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Heights (AH)
  • Directions: E. Cherry Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2116 E Bermuda St

Last sold for $1,475,000 on November 28th, 2022

  • November, 2022

  • Nov 28, 2022

    Date

    Sold

    CRMLS: PW22222674

    $1,475,000

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: PW22222674

    $1,475,000

    Price

Tax History for 2116 E Bermuda St

Assessed Value (2020): $625,322
Year Land Value Improved Value Assessed Value
2020 $271,339 $353,983 $625,322

Home Value Compared to the Market

This property vs the competition

2116 E Bermuda St sold on November 28, 2022 for 94.08% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $392.29 per/sqft which puts the price per square foot 38.03% lower than the current median sale per square foot for the city of Long Beach.

About 2116 E Bermuda St

Detailed summary of property

2116 E Bermuda St is a fourplex that recently sold in Long Beach, CA 90814. This fourplex offered 4 bedrooms, 5 bathrooms, roughly 3,760 living square feet, and sits on an approximately 7,923 square foot lot. 2116 E Bermuda St was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $1,475,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 94.08% higher than the current median priced home. Local homes that are currently for sale include 3915 E 11th St, 1761 Redondo Ave and 219 E 10th St. While the average home in Long Beach, CA is selling in 54 days, 2116 E Bermuda St has a days on market of 22 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 2116 E Bermuda St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2116 E Bermuda St

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
3,760
Lot Size
7,923
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7263-006-020

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$771,400
Median List Price/Sq.Ft.
$615
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2116 E Bermuda St

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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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