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2123 W Columbia St, Long Beach, CA 90810
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2123 W Columbia St Long Beach, CA 90810

$1,485,000
  • 8 Beds
  • 7 Baths
  • 3,338 Sq.Ft.
For Sale
$1,485,000 Get Pre-Qualified
Map preview of 2123 W Columbia St, Long Beach, CA 90810

Property Overview: 2123 W Columbia St Long Beach, CA has 8 bedrooms, 7 bathrooms, 3,338 living square feet and 9,278 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: UPDATED RENT ROLL AND PRICE REDUCTION! Prime investment opportunity! Situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School, this meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts over 50% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $247,500/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.

Listed by Christopher Crosby | BRE #02116879 | Buckingham Investments, Inc
Last checked: 12 minutes ago | Last updated: May 6th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
9,278
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB24066151
City
Long Beach
County
Los Angeles
Time on Site
32 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 4
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $1,090
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $93,120
  • Net Operating Income: $51,137
  • Gross Operating Income: $92,726
  • Vacancy Allowance: $2,794
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $41,589
  • Trash: $2,160
  • Insurance: $5,007
  • Professional Management: $4,935
  • Water/Sewer: $2,160

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Property Details for 2123 W Columbia St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Garden, Lawn, Park Nearby, Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood, Park/Greenbelt
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 6
  • Parcel Number: 7314014019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Westside/North of Willow (WNW)
  • Directions: W Columbia Street
Neighborhood Information
  • Community Features: Biking, Park, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 2123 W Columbia St

Last sold on November 15th, 2010

  • April, 2024

  • Apr 3, 2024

    Date

    Active

    CRMLS: SB24066151

    $1,555,000

    Price

  • November, 2010

  • Nov 15, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2005

  • Sep 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $640,000

    Price

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Tax History for 2123 W Columbia St

Assessed Value (2020): $678,072
Year Land Value Improved Value Assessed Value
2020 $341,867 $336,205 $678,072

Home Value Compared to the Market

This property vs the competition

2123 W Columbia St is listed 85.86% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $444.88 per/sqft which puts the price per square foot 31.03% lower than the median price per square foot for the city of Long Beach.

About 2123 W Columbia St

Detailed summary of property

2123 W Columbia St is a apartment located in Long Beach, CA 90810 and is currently for sale. This apartment offers 8 bedrooms, 7 bathrooms, roughly 3,338 living square feet, and sits on an approximately 9,278 square foot lot. 2123 W Columbia St was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $1,485,000 and was originally asking $1,555,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 85.86% higher than the median priced home. Local competing homes currently for sale include 1163 Magnolia Ave, 1163 Magnolia Ave and 1967 Atlantic Ave. While the average home in Long Beach, CA is selling in 53 days, 2123 W Columbia St has a days on market of 33 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 2123 W Columbia St Long Beach, CA 90810 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2123 W Columbia St

Public county record property details
Beds
14
Baths
6
Year built
1946
Sq. Ft.
3,338
Lot Size
9,260
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
34-36
APN
7314-014-019

The source for these homes facts are from public records.

90810 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.
$526
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
25
Median Sale to List Price %
97.97%
Avg Days on Market
23
Loan Type
Conventional (28.57%), FHA (42.86%), VA (0%), Cash (14.29%), Other (14.29%)

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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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