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2325 Earl Ave, Long Beach, CA 90806
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2325 Earl Ave Long Beach, CA 90806

$1,385,000 Sold Price as of 10/07/2021
  • 10 Beds
  • 5 Baths
  • 4,666 Sq.Ft.
Sold
$1,385,000 Sold Price as of 10/07/2021 Refinance Your Mortgage
Map preview of 2325 Earl Ave, Long Beach, CA 90806

Property Overview: 2325 Earl Ave Long Beach, CA has 10 bedrooms, 5 bathrooms, 4,666 living square feet and 5,325 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to offer a 5-unit apartment building in the Wrigley Area of Long Beach California. The subject property is located at 2325 Earl Avenue, just two blocks East of Pacific Avenue. and three blocks South of Willow Avenue. Located within close proximity to numerous forms of public transportation, a strong Walk Score of 86 indicating most errands can be accomplished by foot. This unit mix consists all two bedrooms/ one-bathroom units that offer a range of floor plans and square footages. Built in 1964, this property is a two-story garden style building with four enclosed garages in the rear. With approximately 4,666 rentable square feet, and a lot size of 5,325 sq. ft. the property is individually metered for gas and electricity. The income on the property has been very consistent with a sub 3% vacancy rate and very little to no turnover over the past 24 months. Rents have been averaging $1.84 sq.ft. over the past year, but with some interior improvements, and an upcoming vacancy, the rents can be over elevated to over $2 sq.ft. in today’s rental market. With rents 15% below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, activating the garages for additional income and thus making this acquisition a valuable addition to any investor’s portfolio.

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
5,325
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW21037559
City
Long Beach
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,659
  • Total Rent: $8,659
  • Pro Forma/Market Rent: $10,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: 14.2
  • Gross Scheduled Income: $103,908
  • Net Operating Income: $68,577
  • Gross Operating Income: $100,791
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Other Income Description: 4 Garages Not Earning Money
Annual Expense Breakdown
  • Total Operating Expense: $32,214
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $16,594
  • Trash: $0
  • Insurance: $2,100
  • Maintenance: $3,250
  • Professional Management: $5,195
  • Water/Sewer: $4,000
  • Other Expense Description: 1075

Property Details for 2325 Earl Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Electric, Gas
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Refrigerator
Interior Features
  • Balcony
  • Levels: Two
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Good Condition
  • No Spa
  • Spa Features: None
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: Assigned
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: 5
  • Parcel Number: 7205018022
  • Year Built Source: Public Records
  • Foundation Details: Concrete Perimeter, Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Headed North on Pacific Ave. from PCH make the right hand turn on W. Eagle St and Right on Earl Ave. Property will be on your right hand side.
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2325 Earl Ave

Last sold for $1,385,000 on October 7th, 2021

  • September, 2021

  • Sep 23, 2021

    Date

    Active Under Contract

    CRMLS: PW21037559

    $1,410,000

    Price

  • Aug 13, 2021

    Date

    Pending

    CRMLS: PW21037559

    $1,410,000

    Price

  • Jun 29, 2021

    Date

    Sold

    CRMLS: PW21037559

    $1,385,000

    Price

  • Jun 4, 2021

    Date

    Active

    CRMLS: PW21037559

    $1,410,000

    Price

  • May 24, 2021

    Date

    Active Under Contract

    CRMLS: PW21037559

    $1,410,000

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: PW21037559

    $1,410,000

    Price

  • Apr 14, 2021

    Date

    Active

    CRMLS: PW21037559

    $1,475,000

    Price

  • Apr 8, 2021

    Date

    Active Under Contract

    CRMLS: PW21037559

    $1,475,000

    Price

  • Feb 23, 2021

    Date

    Active

    CRMLS: PW21037559

    $1,475,000

    Price

  • October, 2011

  • Oct 21, 2011

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

  • August, 2011

  • Aug 19, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2325 Earl Ave

Assessed Value (2020): $608,700
Year Land Value Improved Value Assessed Value
2020 $287,123 $321,577 $608,700

Home Value Compared to the Market

This property vs the competition

2325 Earl Ave sold on October 7, 2021 for 58.07% higher 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 $302.19 per/sqft which puts the price per square foot 54.14% lower than the current median sale per square foot for the city of Long Beach.

About 2325 Earl Ave

Detailed summary of property

2325 Earl Ave is a apartment that recently sold in Long Beach, CA 90806. This apartment offered 10 bedrooms, 5 bathrooms, roughly 4,666 living square feet, and sits on an approximately 5,325 square foot lot. 2325 Earl Ave was first listed on ArdentRealEstateGroup.com on February 23, 2021. The homeowner sold the property for $1,385,000. 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 58.07% higher than the current median priced home. Local homes that are currently for sale include 7020 Schroll St, 20611 Arline Ave and 11116 S Figueroa St. While the average home in Long Beach, CA is selling in 52 days, 2325 Earl Ave has a days on market of 23 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 2325 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 2325 Earl Ave

Public county record property details
Beds
10
Baths
5
Year built
1964
Sq. Ft.
4,666
Lot Size
5,325
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
7205-018-022

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
$799,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$805
Total Inventory
15
Median Sale to List Price %
97.87%
Avg Days on Market
14
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 2325 Earl Ave

2301 Earl Ave, Long Beach, CA 90806
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-- Sq.Ft.
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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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