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25 Falcon Ave Long Beach, CA 90802

$1,699,000 Sold Price as of 07/31/2019

8 Beds
4 Baths
4,976 Sq.Ft.

Sold

$1,699,000 Sold Price as of 07/31/2019 Refinance Your Mortgage

Map preview of 25 Falcon Ave, Long Beach, CA 90802

Property Overview: 25 Falcon Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 4,976 living square feet and 5,005 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Alamitos Beach location – Walk to the beach and downtown! This classic Spanish style property offers an investor the opportunity to acquire a true value-added investment with a huge upside in the rent in a location that is one of the best rental areas in Long Beach. The property features 4 very large 2 bedroom 1 bath units. The property was originally constructed in 1923 and is 4,976 square feet of building with 3 garages and one open parking space. The property in its original condition with unit amenities that include hardwood floors, ceramic tile, ceiling fans, gas range stoves, built-in cabinets, ceramic tile counter tops, service porches and some units have laundry hookups. The property includes a courtyard that can be used by all tenants, laundry room and two entry access for all units. This perfect owner/user investment is located in the heart of Alamitos Beach and within one block of the ocean. Walk to downtown, Pike area retail, restaurants, grocery store and East Village Arts District. At this new REDUCED price this is the Best priced per square foot property in this prime Long Beach location.

Listed by George Bustamante | BRE #01484265 | Coldwell Banker Commercial

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft: 5,005
HOA Dues: $0/mo
Year built: 1923
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19053374
City: Long Beach
County: Los Angeles
Time on Site: 1383 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 2
# of Baths: 1
Garage Spaces: 3
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,561
Total Rent: $10,244
Pro Forma/Market Rent: $2,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $122,923
Net Operating Income: $43,023
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $79,900
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 25 Falcon Ave

Interior Features

Laundry Information

Has Laundry
Community, Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: Walkstreet, Yard
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 4
Parcel Number: 7265014032
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Subdivision Name: Alamitos Beach (AB)
Directions: North of Ocean Blvd and east of Alamitos Ave

Neighborhood Information

Community Features: Curbs, Gutters, Storm Drains, Street Lights, Urban

View more facts & features

Local Long Beach Agent

Sale History for 25 Falcon Ave

Last sold for $1,625,000 on August 1st, 2019

August, 2019
Aug 5, 2019

Date

Sold

CRMLS: PW19053374

$1,699,000

Price
May 14, 2019

Date

Pending

CRMLS: PW19053374

$1,699,000

Price
Mar 15, 2019

Date

Active Under Contract

CRMLS: PW19053374

$1,699,000

Price
Mar 9, 2019

Date

Active

CRMLS: PW19053374

$1,699,000

Price
August, 2019
Aug 1, 2019

Date

Sold (Public Records)

Public Records

$1,625,000

Price
March, 2019
Mar 8, 2019

Date

Expired

CRMLS: PW19002303

$1,699,999

Price
Feb 28, 2019

Date

Withdrawn

CRMLS: PW19002303

$1,699,999

Price
Jan 4, 2019

Date

Active

CRMLS: PW19002303

$1,699,999

Price
Listing provided courtesy of CRMLS
January, 2019
Jan 1, 2019

Date

Expired

CRMLS: PW18248837

$1,699,999

Price
Oct 16, 2018

Date

Price Change

CRMLS: PW18248837

$1,699,999

Price
Oct 12, 2018

Date

Price Change

CRMLS: PW18248837

$1,737,349

Price
Oct 12, 2018

Date

Active

CRMLS: PW18248837

$1,737,350

Price
Listing provided courtesy of CRMLS
October, 2018
Oct 16, 2018

Date

Expired

CRMLS: PW18188260

$1,739,000

Price
Oct 1, 2018

Date

Withdrawn

CRMLS: PW18188260

$1,739,000

Price
Sep 22, 2018

Date

Price Change

CRMLS: PW18188260

$1,739,000

Price
Aug 10, 2018

Date

Price Change

CRMLS: PW18188260

$1,749,000

Price
Aug 3, 2018

Date

Active

CRMLS: PW18188260

$1,770,000

Price
Listing provided courtesy of CRMLS
August, 2018
Aug 1, 2018

Date

Expired

CRMLS: PW18144875

$1,775,000

Price
Jun 18, 2018

Date

Active

CRMLS: PW18144875

$1,775,000

Price
Listing provided courtesy of CRMLS

Prime Alamitos Beach location - Best price per square foot in this beach location. 4 large units located one block from the beach. This classic property offers an investor the opportunity to acquire a value-added investment with a strong rental history in a location that is one of the best rental areas in Long Beach, The property was originally constructed in 1923 and is comprised of 4 large two bedroom one bathroom units plus 3 garages and one open parking space. The property has been well maintained in its original condition. Unit amenities include hardwood floors, ceramic tile, ceiling fans, gas range stoves, built-in cabinets, ceramic tile counter tops, service porches and some units have laundry hookups. The property includes a courtyard that can be used by all tenants, laundry room and two entry access for all units. This perfect owner/user investment is located in the heart of Alamitos Beach and within one block of the ocean. Walk to downtown, Pike area retail, restaurants, grocery store and East Village Arts District.

Continue Reading
June, 2018
Jun 16, 2018

Date

Expired

CRMLS: PW18030269

$1,790,000

Price
May 22, 2018

Date

Price Change

CRMLS: PW18030269

$1,790,000

Price
Feb 8, 2018

Date

Active

CRMLS: PW18030269

$1,800,000

Price
Listing provided courtesy of CRMLS

Prime Alamitos Beach location - 4 large units located one block from the beach. This classic property offers an investor the opportunity to acquire a value-added investment with a strong rental history in a location that is one of the best rental areas in Long Beach, The property was originally constructed in 1923 and is comprised of 4 large two bedroom one bathroom units plus 3 garages and one open parking space. The property has been well maintained in its original condition. Unit amenities include hardwood floors, ceramic tile, ceiling fans, gas range stoves, built-in cabinets, ceramic tile counter tops, service porches and some units have laundry hookups. The property includes a courtyard that can be used by all tenants, laundry room and two entry access for all units. This perfect owner/user investment is located in the heart of Alamitos Beach and within one block of the ocean. Walk to downtown, Pike area retail, restaurants, grocery store and East Village Arts District.

Continue Reading
February, 2009
Feb 12, 2009

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 25 Falcon Ave

Assessed Value (2020): $1,625,000

Year	Land Value	Improved Value	Assessed Value
2020	$600,000	$1,025,000	$1,625,000

Home Value Compared to the Market

This property vs the competition

25 Falcon Ave sold on July 31, 2019 for 112.38% 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 $341.44 per/sqft which puts the price per square foot 45.97% lower than the current median sale per square foot for the city of Long Beach.

About 25 Falcon Ave

Detailed summary of property

25 Falcon Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,976 living square feet, and sits on an approximately 5,005 square foot lot. 25 Falcon Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,699,000. 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 112.38% higher than the current median priced home. Local homes that are currently for sale include 249 Grand Ave, 1825 Cherry Ave and 1717 Temple Ave. While the average home in Long Beach, CA is selling in 54 days, 25 Falcon Ave has a days on market of 6 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 25 Falcon Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 25 Falcon Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1923
Sq. Ft.: 4,976
Lot Size: 5,004
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 7265-014-032

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$530,000

Median List Price/Sq.Ft.

$627

Median Sold Price

$540,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

127

Median Sale to List Price %

102.86%

Avg Days on Market

Loan Type

Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

Thinking of Selling?

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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.