2244 Atlantic Ave, Long Beach, CA 90806
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2244 Atlantic Ave Long Beach, CA 90806

$515,000 Sold Price as of 03/27/2020
  • 4 Beds
  • 2 Baths
  • 1,120 Sq.Ft.
Sold
$515,000 Sold Price as of 03/27/2020 Refinance Your Mortgage

Map preview of 2244 Atlantic Ave, Long Beach, CA 90806

Property Overview: 2244 Atlantic Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,120 living square feet and 4,881 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2244-2246 Atlantic Ave features two craftsman style homes in a desirable pocket of Northeast Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The two homes were built in 1913 and consist of 1,120 SF situated on a 4,881 SF lot. 2244-2246 Atlantic Ave offers a great unit mix consisting of (1) 3-Bed/1-Bath (736 SF) house and a (1) 1-Bed/1-Bath (384 SF) house. The property has been well maintained and features detached storage building, laundry facilities, and a large courtyard garden. Located in one of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

Listed by Brett Lyon | BRE #01717818 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Austin Longwell | BRE #00236524 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
4,881
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20014312
City
Long Beach
County
Los Angeles
Time on Site
1427 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $823
  • Total Rent: $823
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.98%
  • Gross Rent Multiplier: 14.88
  • Gross Scheduled Income: $33,276
  • Net Operating Income: $19,717
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,895
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $6,376
  • Trash: $0
  • Gardener: $2,180
  • Insurance: $1,159
  • Maintenance: $998
  • Water/Sewer: $0
  • Other Expenses: $1,182
  • Other Expense Description: Utility

Virtual Tour

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Property Details for 2244 Atlantic Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Treed Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7211012007
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: Located 5 buildings down from the corner of Atlantic Ave and E Hill St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 2244 Atlantic Ave

Last leased for $2,195 on March 30th, 2021
  • March, 2021

  • Mar 30, 2021

    Date

    Leased

    CRMLS: PW21057716

    $2,195

    Price

  • Mar 19, 2021

    Date

    Active

    CRMLS: PW21057716

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Lovely 3 Bedroom House with Private 1 Car Garage! This unique property is located in a central Long Beach neighborhood and is tucked away in the front of a nicely maintained property. This is a front house situated on a large lot and comes with a 1 car garage. The house boasts a main living/dining room with and a nicely sized kitchen that comes equipped with a stove. The bedrooms are nicely sized and water is included. Small Pets OK.

  • January, 2021

  • Jan 22, 2021

    Date

    Leased

    CRMLS: PW21006882

    $1,495

    Price

  • Jan 14, 2021

    Date

    Active

    CRMLS: PW21006882

    $1,495

    Price

  • Jan 12, 2021

    Date

    Price Change

    CRMLS: PW21006882

    $1,495

    Price

  • Jan 12, 2021

    Date

    Coming Soon

    CRMLS: PW21006882

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    Lovely 1 Bedroom Detached Rear House with Private 1 Car Parking Space! This unique property is located in a central Long Beach neighborhood and is tucked away in the rear of a well-maintained main house. This is a rear house situated on a large lot and comes with a 1 car gated parking area. The house boasts a main living/dining room with and a basic kitchen that comes equipped with a stove. The bedroom is nicely sized and water is included. Small Pets OK

  • March, 2020

  • Mar 28, 2020

    Date

    Sold

    CRMLS: SB20014312

    $515,000

    Price

  • Feb 17, 2020

    Date

    Pending

    CRMLS: SB20014312

    $495,000

    Price

  • Feb 10, 2020

    Date

    Active

    CRMLS: SB20014312

    $495,000

    Price

  • Jan 29, 2020

    Date

    Pending

    CRMLS: SB20014312

    $495,000

    Price

  • Jan 21, 2020

    Date

    Active

    CRMLS: SB20014312

    $495,000

    Price

  • March, 2020

  • Mar 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $515,000

    Price

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Tax History for 2244 Atlantic Ave

Assessed Value (2020): $106,231
Year Land Value Improved Value Assessed Value
2020 $83,067 $23,164 $106,231

Home Value Compared to the Market

This property vs the competition

2244 Atlantic Ave sold on March 27, 2020 for 44.51% lower than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $441.96 per/sqft which puts the price per square foot 32.93% lower than the current median sale per square foot for the city of Long Beach.

About 2244 Atlantic Ave

Detailed summary of property

2244 Atlantic Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,120 living square feet, and sits on an approximately 4,881 square foot lot. 2244 Atlantic Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $515,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 44.51% lower than the current median priced home. Local homes that are currently for sale include 1507 W 51St St, 120 S Sunol Dr and 1977 W 48th St. While the average home in Long Beach, CA is selling in 54 days, 2244 Atlantic Ave has a days on market of 15 days. There are currently 689 homes for sale in the Long Beach real estate market and 379 of them are single family homes while 290 of them are condos and 20 are townhomes. For more information on this home for sale at 2244 Atlantic 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 2244 Atlantic Ave

Public county record property details
Beds
--
Baths
2
Year built
1913
Sq. Ft.
1,120
Lot Size
4,881
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7211-012-007

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.
$544
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$657
Total Inventory
14
Median Sale to List Price %
111.33%
Avg Days on Market
17
Loan Type
Conventional (37.5%), FHA (12.5%), VA (0%), Cash (0%), Other (37.5%)

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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.