2256 San Anseline Ave, Long Beach, CA 90815

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2256 San Anseline Ave Long Beach, CA 90815

$1,850,000 Sold Price as of 07/30/2021

8 Beds
6 Baths
4,404 Sq.Ft.

Sold

$1,850,000 Sold Price as of 07/30/2021 Refinance Your Mortgage

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Map preview of 2256 San Anseline Ave, Long Beach, CA 90815

Property Overview: 2256 San Anseline Ave Long Beach, CA has 8 bedrooms, 6 bathrooms, 4,404 living square feet and 6,568 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Clean 6 unit building in a phenomenal rental location just north of California State University Long Beach, in the Los Altos Area. A high barrier to entry single family home buyer market where the average priced home sells for over $875,000. This beautiful property sits on 6,568 square feet of land and has 4,408 square feet of building space. Built in 1959, the unit mix is comprised of (2) 2-bed / 1-bath and (4) 1-bed / 1-bath units. The parking consists of (5) single-car garages and (1) open space, in addition to an on-site laundry facility for added tenant convenience. With the current rents being over 50% below the market, there is a tremendous amount of rental upside for a new owner.

Listed by Nicholas Petrosian | BRE #01462598 | Remax Commercial and Investment Realty

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft: 6,568
HOA Dues: $0/mo
Year built: 1959
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21720048
City: Long Beach
County: Los Angeles
Time on Site: 1115 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,625
Total Rent: $3,250
Pro Forma/Market Rent: $4,400

Unit Breakdown 2

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,106
Total Rent: $4,425
Pro Forma/Market Rent: $7,400

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 21.71
Gross Scheduled Income: --
Net Operating Income: $54,350
Gross Operating Income: $95,197

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2256 San Anseline Ave

Interior Features

Cooling Information

No Cooling
None

Kitchen Information

Has Appliances
Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Single Door, Parking Space

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 7226014032

Location / Neighborhood

Location Information

Directions: Major cross streets are East Stearns Street and North Bellflower Blvd.

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Local Long Beach Agent

Sale History for 2256 San Anseline Ave

Last sold for $1,850,000 on July 30th, 2021

August, 2021
Aug 2, 2021

Date

Sold

CRMLS: 21720048

$1,850,000

Price
May 26, 2021

Date

Pending

CRMLS: 21720048

$2,000,000

Price
May 9, 2021

Date

Active Under Contract

CRMLS: 21720048

$2,000,000

Price
Apr 29, 2021

Date

Active

CRMLS: 21720048

$2,000,000

Price
Apr 24, 2021

Date

Active Under Contract

CRMLS: 21720048

$2,000,000

Price
Apr 16, 2021

Date

Active

CRMLS: 21720048

$2,000,000

Price
March, 2020
Mar 29, 2020

Date

Expired

CRMLS: 19526366

$1,815,000

Price
Nov 1, 2019

Date

Active

CRMLS: 19526366

$1,815,000

Price
Listing provided courtesy of CRMLS

PRIME AND HIGHLY DESIRABLE LOS ALTOS SOUTH AREA! You can find renovated 1-bedroom units renting for $1,900 and 2-bedroom units renting for $2,100 in the immediate area. Some property highlights include; 5 single car garages, an on-site laundry facility, and all dual pane windows. Tenants are within walking distance to Cal State Long Beach University, and an array of dining and other retail options. Current rents are nearly 50% below the market.

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August, 2019
Aug 17, 2019

Date

Expired

CRMLS: 19460594

$2,000,000

Price
May 17, 2019

Date

Price Change

CRMLS: 19460594

$2,000,000

Price
Apr 30, 2019

Date

Active

CRMLS: 19460594

$2,100,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCED $100K! Just Blocks From California State University Long Beach - This beautiful 6-unit multifamily investment property is located in the highly sought after Los Altos South neighborhood in the East Long Beach sub-market. The property sits on 6,568 square feet of land and has 4,408 square feet of building space. Built in 1959, the unit mix is comprised of (2) 2-bed / 1-bath and (4) 1-bed / 1-bath units. The parking consists of (5) single-car garages and (1) open space, in addition to an on-site laundry facility for added tenant convenience.

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Tax History for 2256 San Anseline Ave

Assessed Value (2020): $302,051

Year	Land Value	Improved Value	Assessed Value
2020	$79,917	$222,134	$302,051

Home Value Compared to the Market

This property vs the competition

2256 San Anseline Ave sold on July 30, 2021 for 150% 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 $454.13 per/sqft which puts the price per square foot 28.14% lower than the current median sale per square foot for the city of Long Beach.

About 2256 San Anseline Ave

Detailed summary of property

2256 San Anseline Ave is a multi family that recently sold in Long Beach, CA 90815. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,404 living square feet, and sits on an approximately 6,568 square foot lot. 2256 San Anseline Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,850,000. 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 150% higher than the current median priced home. Local homes that are currently for sale include 179 Saint Joseph Ave, 249 Grand Ave and 2507 E 14th St. While the average home in Long Beach, CA is selling in 53 days, 2256 San Anseline Ave has a days on market of 23 days. There are currently 654 homes for sale in the Long Beach real estate market and 368 of them are single family homes while 269 of them are condos and 17 are townhomes. For more information on this home for sale at 2256 San Anseline Ave Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2256 San Anseline Ave

Public county record property details

Beds: 8
Baths: 6
Year built: 1959
Sq. Ft.: 4,404
Lot Size: 6,568
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 311
APN: 7226-014-032

The source for these homes facts are from public records.

90815 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,020,000

Median List Price/Sq.Ft.

$664

Median Sold Price

$985,000

Median Sold Price/Sq.Ft.

$716

Total Inventory

Median Sale to List Price %

109.44%

Avg Days on Market

Loan Type

Conventional (54.17%), FHA (0%), VA (4.17%), Cash (25%), Other (12.5%)

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(714) 706-1823

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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.