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2901 E 10th St, Long Beach, CA 90804
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2901 E 10th St Long Beach, CA 90804

$4,250,000 Sold Price as of 02/26/2021
  • 22 Beds
  • 17 Baths
  • 12,287 Sq.Ft.
Sold
$4,250,000 Sold Price as of 02/26/2021 Refinance Your Mortgage
Map preview of 2901 E 10th St, Long Beach, CA 90804

Property Overview: 2901 E 10th St Long Beach, CA has 22 bedrooms, 17 bathrooms, 12,287 living square feet and 9,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2901 East 10th Street is a 16-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Situated on a 0.21-acre lot, 2901 East 10th Street offers studio, one, two, and three-bedroom units and includes amenities such as controlled access, security doors, private balconies (select units), garage parking for additional rent, and on-site laundry. Current ownership has renovated 68% of the units and these capital improvements include new flooring, cabinets, countertops, light fixtures, paint, hardware, and shower enclosures.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 173

Home details

Lot Sq. Ft
9,147
HOA Dues
$0/mo
Year built
1963
Garage
14 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20135747
City
Long Beach
County
Los Angeles
Time on Site
1232 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Leased Units: 16
  • # of Electric Meters: 16
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,447
  • Total Rent: $4,447
  • Pro Forma/Market Rent: $5,180
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,026
  • Total Rent: $5,026
  • Pro Forma/Market Rent: $6,180
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,259
  • Total Rent: $9,259
  • Pro Forma/Market Rent: $11,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,952
  • Total Rent: $1,952
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,052
  • Total Rent: $2,052
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $272,832
  • Net Operating Income: $166,359
  • Gross Operating Income: $279,630
  • Vacancy Allowance: $8,185
  • Other Income 1: $14,983
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $113,271
  • Electric: $4,135
  • Gas/Fuel: $4,135
  • New Taxes: $54,710
  • Trash: $4,135
  • Insurance: $5,638
  • Maintenance: $8,000
  • Professional Management: $11,185
  • Water/Sewer: $4,135
  • Other Expenses: $17,200
  • Other Expense Description: Misc

Property Details for 2901 E 10th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: Corner Lot, Level, Paved
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 7258002029
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Nearby Cross Streets: East 10th Street and Gladys Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2901 E 10th St

Last sold for $4,250,000 on February 26th, 2021

  • February, 2021

  • Feb 26, 2021

    Date

    Sold

    CRMLS: OC20135747

    $4,250,000

    Price

  • Feb 18, 2021

    Date

    Pending

    CRMLS: OC20135747

    $4,300,000

    Price

  • Dec 31, 2020

    Date

    Expired

    CRMLS: OC20135747

    $4,300,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: OC20135747

    $4,300,000

    Price

  • July, 2013

  • Jul 9, 2013

    Date

    Sold (Public Records)

    Public Records

    $2,058,000

    Price

  • October, 2008

  • Oct 23, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2901 E 10th St

Assessed Value (2020): $2,308,098
Year Land Value Improved Value Assessed Value
2020 $1,120,893 $1,187,205 $2,308,098

Home Value Compared to the Market

This property vs the competition

2901 E 10th St sold on February 26, 2021 for 413.13% higher than the current median sold price for the city of Long Beach which is $838,000. The median sold price per/sqft for Long Beach is $664 and this home is sold at $349.96 per/sqft which puts the price per square foot 47.29% lower than the current median sale per square foot for the city of Long Beach.

About 2901 E 10th St

Detailed summary of property

2901 E 10th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 22 bedrooms, 17 bathrooms, roughly 12,287 living square feet, and sits on an approximately 9,147 square foot lot. 2901 E 10th St was first listed on ArdentRealEstateGroup.com on February 19, 2021. The homeowner sold the property for $4,250,000. Home in Long Beach are selling for a median price of $838,000 and a median price per square foot of $664. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 413.13% higher than the current median priced home. Local homes that are currently for sale include 2221 Michigan Ave, 323 N Soto St and 1271 W 39th Pl. While the average home in Long Beach, CA is selling in 54 days, 2901 E 10th St has a days on market of 173 days. There are currently 699 homes for sale in the Long Beach real estate market and 387 of them are single family homes while 291 of them are condos and 21 are townhomes. For more information on this home for sale at 2901 E 10th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2901 E 10th St

Public county record property details
Beds
--
Baths
17
Year built
1963
Sq. Ft.
12,287
Lot Size
9,013
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,23
APN
7258-002-029

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$603
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
45
Median Sale to List Price %
99.23%
Avg Days on Market
25
Loan Type
Conventional (53.85%), FHA (7.69%), VA (0%), Cash (15.38%), Other (15.38%)

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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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