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2820 E 65th St, Long Beach, CA 90805
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2820 E 65th St Long Beach, CA 90805

$1,400,000 Sold Price as of 10/02/2020
  • 6 Beds
  • 6 Baths
  • 3,100 Sq.Ft.
Sold
$1,400,000 Sold Price as of 10/02/2020 Refinance Your Mortgage
Map preview of 2820 E 65th St, Long Beach, CA 90805

Property Overview: 2820 E 65th St Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,100 living square feet and 5,393 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sensational, fully rehabbed, turnkey, 6 unit, “value add”, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move! The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to “like new” condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of modern quartz counters, tile flooring and wainscot. Flooring consists of a higher end laminate located throughout the entry, kitchen, dining area, living room, hallway and bedroom of each and every unit. For heating and cooling all new mini-split systems have been added. The building has onsite laundry, and six parking spaces located behind a secured remote controlled gate... this investment has it all!

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
5,393
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20067929
City
Long Beach
County
Los Angeles
Time on Site
1408 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,417
  • Total Rent: $8,500
  • Pro Forma/Market Rent: $9,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $68,475
  • Gross Operating Income: $100,548
  • Vacancy Allowance: $2,052
Annual Expense Breakdown
  • Total Operating Expense: $32,073
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2820 E 65th St

Interior Features
Cooling Information
  • Has Cooling
  • Dual
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Cooktop
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 7120006006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Cherry Manor (CM)
  • Directions: Artesia Blvd & Paramount Blvd.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2820 E 65th St

Last sold for $1,400,000 on October 2nd, 2020

  • October, 2020

  • Oct 2, 2020

    Date

    Sold

    CRMLS: PW20067929

    $1,400,000

    Price

  • Aug 30, 2020

    Date

    Pending

    CRMLS: PW20067929

    $1,500,000

    Price

  • Jul 27, 2020

    Date

    Active Under Contract

    CRMLS: PW20067929

    $1,500,000

    Price

  • Jun 1, 2020

    Date

    Active

    CRMLS: PW20067929

    $1,500,000

    Price

  • May 27, 2020

    Date

    Active Under Contract

    CRMLS: PW20067929

    $1,500,000

    Price

  • Apr 4, 2020

    Date

    Active

    CRMLS: PW20067929

    $1,500,000

    Price

  • September, 2020

  • Sep 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • July, 2017

  • Jul 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,198,000

    Price

  • June, 2017

  • Jun 24, 2017

    Date

    Sold

    CRMLS: PW17085756

    $1,250,000

    Price

  • May 19, 2017

    Date

    Pending

    CRMLS: PW17085756

    $1,275,000

    Price

  • Apr 21, 2017

    Date

    Active

    CRMLS: PW17085756

    $1,275,000

    Price

  • Listing provided courtesy of CRMLS

    2820 E. 65th street is a fully rehabbed turnkey investment. Kitchen has all new quartz counter tops, Stainless steel appliances, all new cabinetry and fixtures. Bathrooms are all new - tile flooring, quartz counters. All new laminate flooring, baseboards and recessed lighting throughout. Every unit has an open modern feel. Onsite laundry, six parking spaces located behind a secured remote controlled gate... this investment has it all!

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Tax History for 2820 E 65th St

Assessed Value (2020): $1,246,789
Year Land Value Improved Value Assessed Value
2020 $312,120 $934,669 $1,246,789

Home Value Compared to the Market

This property vs the competition

2820 E 65th St sold on October 2, 2020 for 87.5% 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 $483.87 per/sqft which puts the price per square foot 23.44% lower than the current median sale per square foot for the city of Long Beach.

About 2820 E 65th St

Detailed summary of property

2820 E 65th St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,100 living square feet, and sits on an approximately 5,393 square foot lot. 2820 E 65th St was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,400,000. 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 87.5% higher than the current median priced home. Local homes that are currently for sale include 1761 Redondo Ave, 20611 Arline Ave and 1615 Cherry Ave. While the average home in Long Beach, CA is selling in 51 days, 2820 E 65th St has a days on market of 114 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 2820 E 65th 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 2820 E 65th St

Public county record property details
Beds
6
Baths
6
Year built
1955
Sq. Ft.
3,100
Lot Size
5,392
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7120-006-006

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
$699,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
63
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%)

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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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