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245 E Market St, Long Beach, CA 90805
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245 E Market St Long Beach, CA 90805

$1,025,000 Sold Price as of 09/23/2022
  • 10 Beds
  • 5 Baths
  • 3,844 Sq.Ft.
Sold
$1,025,000 Sold Price as of 09/23/2022 Refinance Your Mortgage
Map preview of 245 E Market St, Long Beach, CA 90805

Property Overview: 245 E Market St Long Beach, CA has 10 bedrooms, 5 bathrooms, 3,844 living square feet and 5,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on Market. Very well taken care of 5 - 2 Bedroom/1Bathroom Unit Apartment Building For Sale in one of the most desirable cities in Southern California. Long Beach has its own university, plenty of amazing parks, tons of amazing eateries including the new LBX, and is always upgrading as a city which is also centrally located to multiple airports, beaches, down town areas for great a day and night life. Apartment building is turn key fully occupied with long term tenants. 4 of the units are on the 2nd level and one unit is on lower level. The 4 upper units all have hardwood flooring and the 1 lower unit has ceramic tile with all units having ceiling fans. All upper units have private balconies. There are 8 parking spaces available and also security camera system surrounding the property. All units have individual door bells. With low inventory this is a great time to own a piece (5 doors) of Long Beach. All plumbing and electrical in good condition. There is a room that is currently being used as storage that can be used as laundry room if desired. PROPERTY SOLD AS-IS PLEASE NO PREDATORY BUYERS.

Listed by Brandan Owens | BRE #01704264 | The Real Estate Group
Last checked: 13 minutes ago | Last updated: September 24th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,754
HOA Dues
$0/mo
Year built
1987
Garage
8 Car
Property Type:
Apartment
Status
Sold
MLS#
RS22139034
City
Long Beach
County
Los Angeles
Time on Site
677 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,640
  • Total Rent: $4,640
  • Pro Forma/Market Rent: $6,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $69,000
  • Net Operating Income: $58,707
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,293
  • Electric: $755
  • Trash: $0
  • Insurance: $2,008
  • Maintenance: $4,000
  • Professional Management: $0
  • Water/Sewer: $2,123
  • Other Expenses: $225
  • Other Expense Description: Landscap

Property Details for 245 E Market St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
  • See Remarks
Interior Features
  • Balcony, Ceiling Fan(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7126034026
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: From 91 Go South on Atlantic and West on Market Street
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 245 E Market St

Last sold for $1,025,000 on September 23rd, 2022

  • September, 2022

  • Sep 23, 2022

    Date

    Sold

    CRMLS: RS22139034

    $1,025,000

    Price

  • Jun 25, 2022

    Date

    Active

    CRMLS: RS22139034

    $1,300,000

    Price

  • August, 1996

  • Aug 21, 1996

    Date

    Sold (Public Records)

    Public Records

    $165,000

    Price

  • October, 1995

  • Oct 30, 1995

    Date

    Sold (Public Records)

    Public Records

    $175,000

    Price

Show More

Tax History for 245 E Market St

Assessed Value (2020): $245,705
Year Land Value Improved Value Assessed Value
2020 $58,071 $187,634 $245,705

Home Value Compared to the Market

This property vs the competition

245 E Market St sold on September 23, 2022 for 62.5% 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 $338.19 per/sqft which puts the price per square foot 46.49% lower than the current median sale per square foot for the city of Long Beach.

About 245 E Market St

Detailed summary of property

245 E Market St is a apartment that recently sold in Long Beach, CA 90805. This apartment offered 10 bedrooms, 5 bathrooms, roughly 3,844 living square feet, and sits on an approximately 5,754 square foot lot. 245 E Market St was first listed on ArdentRealEstateGroup.com on June 26, 2022. The homeowner sold the property for $1,025,000. 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 62.5% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 1890 E 20th St and 1125 E 17th St. While the average home in Long Beach, CA is selling in 54 days, 245 E Market St has a days on market of 13 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 245 E Market St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 245 E Market St

Public county record property details
Beds
8
Baths
5
Year built
1987
Sq. Ft.
3,844
Lot Size
5,754
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1223
APN
7126-034-026

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$679,999
Median List Price/Sq.Ft.
$537
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
60
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

Thinking of Selling?

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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.

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