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2238 Earl Ave, Long Beach, CA 90806
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2238 Earl Ave Long Beach, CA 90806

$1,250,000 Sold Price as of 08/26/2022
  • 6 Beds
  • 4 Baths
  • 3,758 Sq.Ft.
Sold
$1,250,000 Sold Price as of 08/26/2022 Refinance Your Mortgage
Map preview of 2238 Earl Ave, Long Beach, CA 90806

Property Overview: 2238 Earl Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,758 living square feet and 5,845 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2238 Earl Avenue is a 4-unit investment asset in the up- and-coming South East Wrigley neighborhood, just north of Downtown Long Beach. The units are bright and spacious featuring two 2 BD/ 1 BA units and two 1 BD/1 BA units with separate entrances, totaling 3,758 square feet of building area. One two bed unit has been completely gutted and renovated. The remaining three units having brand new bathrooms, vinyl flooring, paint and ceiling fans. The property sits on a large lot at 5,845 square feet with beautifully landscaped front and backyards. Four detached garages sit off the back alley that have the potential to be converted to ADUs. The roof has been recently repaired on the main building and is in great condition while the garages feature all new doors. 2238 Earl Ave provides a new buyer the opportunity to own large units in a high demand rental market and 19.75% gross rent upside potential with the existing units.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Co-listed by John Alden | BRE #02114291 | Alden Pacific Investments, Inc.
Last checked: 3 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 87

Home details

Lot Sq. Ft
5,845
HOA Dues
$0/mo
Year built
1938
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22115606
City
Long Beach
County
Los Angeles
Time on Site
720 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,498
  • Total Rent: $2,996
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,164
  • Net Operating Income: $49,412
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,377
  • Electric: $296
  • Gas/Fuel: $296
  • Licenses: $700
  • New Taxes: $15,489
  • Trash: $296
  • Gardener: $600
  • Insurance: $2,067
  • Maintenance: $2,200
  • Professional Management: $3,839
  • Water/Sewer: $296
  • Other Expenses: $800
  • Other Expense Description: Reserves

Property Details for 2238 Earl Ave

Interior Features
Laundry Information
  • No Laundry
  • None
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
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7208024010
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: E Willow St & Long Beach Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2238 Earl Ave

Last sold for $1,250,000 on August 26th, 2022

  • August, 2022

  • Aug 26, 2022

    Date

    Sold

    CRMLS: PW22115606

    $1,250,000

    Price

  • May 31, 2022

    Date

    Active

    CRMLS: PW22115606

    $1,250,000

    Price

  • August, 2018

  • Aug 10, 2018

    Date

    Sold

    CRMLS: 18354168

    $870,000

    Price

  • Jul 2, 2018

    Date

    Pending

    CRMLS: 18354168

    $900,000

    Price

  • Jun 15, 2018

    Date

    Active

    CRMLS: 18354168

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    Investment opportunity which is great for first time home buyers and investors! Come take a look at this Quadplex with two 2 bed/ 1 bath and two 1 bed/ 1 bath units! All units are very spacious and have their own dining area and washer and dryer hookups! Four garage spaces in alley. In need of some TLC. This is a great income property! Located in a quiet neighborhood, only a short drive to Downtown Long Beach and its numerous cafes, restaurants, boutiques and entertainment venues. Come take a look at this property TODAY!

  • August, 2018

  • Aug 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $870,000

    Price

  • April, 2006

  • Apr 11, 2006

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

Show More

Tax History for 2238 Earl Ave

Assessed Value (2020): $887,400
Year Land Value Improved Value Assessed Value
2020 $306,000 $581,400 $887,400

Home Value Compared to the Market

This property vs the competition

2238 Earl Ave sold on August 26, 2022 for 56.25% 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 $332.62 per/sqft which puts the price per square foot 47.37% lower than the current median sale per square foot for the city of Long Beach.

About 2238 Earl Ave

Detailed summary of property

2238 Earl Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,758 living square feet, and sits on an approximately 5,845 square foot lot. 2238 Earl Ave was first listed on ArdentRealEstateGroup.com on May 31, 2022. The homeowner sold the property for $1,250,000. 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 56.25% higher than the current median priced home. Local homes that are currently for sale include 3409 Walnut Ave, 2123 W Columbia St and 1015 Dawson Ave. While the average home in Long Beach, CA is selling in 52 days, 2238 Earl Ave has a days on market of 87 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 2238 Earl 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 2238 Earl Ave

Public county record property details
Beds
6
Baths
4
Year built
1938
Sq. Ft.
3,758
Lot Size
5,849
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7208-024-010

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
$795,000
Median List Price/Sq.Ft.
$589
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
14
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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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