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259 E Norton St, Long Beach, CA 90805
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259 E Norton St Long Beach, CA 90805

$580,000 Sold Price as of 09/09/2019
  • 5 Beds
  • 3 Baths
  • 1,240 Sq.Ft.
Sold
$580,000 Sold Price as of 09/09/2019 Refinance Your Mortgage
Map preview of 259 E Norton St, Long Beach, CA 90805

Property Overview: 259 E Norton St Long Beach, CA has 5 bedrooms, 3 bathrooms, 1,240 living square feet and 5,683 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the sale of 259 E. Norton, a recently renovated two-on-a-lot Duplex in prime north Long Beach. Live in one & rent the other to off-set your monthly payments. Alternatively, perfect for two families wanting to live & take advantage of today's low interests rates together, or an investor looking to add turn-key units w/substantial rental upside in a high-demand area. This property has gone under extensive renovation that includes but not limited to upgraded kitchen, bathroom, flooring, interior/exterior paint, windows, electrical, and plumbing. Unit mix is comprised of one 2-bedroom, and one one-bedroom + den, currently being used as second bedroom. This offering presents a rare opportunity to purchase a property not subject to the constraints of Rent Control, with rents that are still far below market levels, while being able to benefit from a renovation program already in place.

Listed by Brian Branand | BRE #01803629 | Brian Ross Brandt Branand
Last checked: 18 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
5,683
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19479334
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $18,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $15,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $9,600
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.8%
  • Gross Rent Multiplier: 10.03
  • Gross Scheduled Income: --
  • Net Operating Income: $50,481
  • Gross Operating Income: $64,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 259 E Norton St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Washer Included, Gas & Electric Dryer Hookup
Kitchen Information
  • Has Appliances
  • Disposal, Ice Maker, Freezer, Refrigerator, Vented Exhaust Fan
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage, Driveway, Covered, Auto Driveway Gate, Gated
Property Information
  • Total # of Units: 2
  • Parcel Number: 7126012020
Location / Neighborhood
Location Information
  • Directions: GPS
View more facts & features

Local Long Beach Agent

Sale History for 259 E Norton St

Last sold for $580,000 on September 9th, 2019

  • September, 2019

  • Sep 9, 2019

    Date

    Sold

    CRMLS: 19479334

    $580,000

    Price

  • Jun 18, 2019

    Date

    Active

    CRMLS: 19479334

    $650,000

    Price

  • August, 2019

  • Aug 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $580,000

    Price

  • June, 2019

  • Jun 18, 2019

    Date

    Canceled

    CRMLS: 19461202

    $670,000

    Price

  • May 2, 2019

    Date

    Active

    CRMLS: 19461202

    $670,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2018

  • Feb 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 259 E Norton St

Assessed Value (2020): $580,000
Year Land Value Improved Value Assessed Value
2020 $300,000 $280,000 $580,000

Home Value Compared to the Market

This property vs the competition

259 E Norton St sold on September 9, 2019 for 20.63% lower than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $524.19 per/sqft which puts the price per square foot 16.53% lower than the current median sale per square foot for the city of Long Beach.

About 259 E Norton St

Detailed summary of property

259 E Norton St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,240 living square feet, and sits on an approximately 5,683 square foot lot. 259 E Norton St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $580,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 20.63% lower than the current median priced home. Local homes that are currently for sale include 642 W 109th Pl, 10409 S Figueroa St and 9500 S Spring St. While the average home in Long Beach, CA is selling in 62 days, 259 E Norton St has a days on market of 83 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 259 E Norton 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 259 E Norton St

Public county record property details
Beds
3
Baths
2
Year built
1924
Sq. Ft.
1,240
Lot Size
5,683
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
33,34
APN
7126-012-020

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
$690,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
97
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

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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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