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30 N Alboni Pl, Long Beach, CA 90802
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30 N Alboni Pl Long Beach, CA 90802

$4,800,000 Sold Price as of 05/16/2019
  • 18 Beds
  • 18 Baths
  • 12,924 Sq.Ft.
Sold
$4,800,000 Sold Price as of 05/16/2019 Refinance Your Mortgage
Map preview of 30 N Alboni Pl, Long Beach, CA 90802

Property Overview: 30 N Alboni Pl Long Beach, CA has 18 bedrooms, 18 bathrooms, 12,924 living square feet and 10,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a fourteen unit multi-family community located in Long Beach, CA 90802. Located right in the heart of Alamitos Beach, the subject property was built in 1953, and consists of approximately 12,924 rentable square feet on an approximately 10,498 square foot lot. The building consists of ten large one bedroom / one bathroom units and four large two bedroom / two bathroom units. The building has undergone some recent renovation, with new paint, refinished flooring, new countertops, and new landscaping just some of the upgrades recently completed. The units are very large and there is ample onsite parking, with 8 one-car garages as well as plenty of street parking and an on-site laundry room for tenant’s convenience. Furthermore, with a “Walk Score” of 89, this location is deemed to be “very walkable” where most errands can be accomplished by foot. The tenants benefit from its proximity to Downtown Long Beach and Alamitos Beach, with the many restaurants, shops and various other entertainment options all within a short walk or bike ride from the property. This is an absolutely incredible opportunity to acquire a turn-key, true pride of ownership multi-family asset in one of the most desirable locations in the city and would be a great addition to any investor’s portfolio.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Co-listed by Ryan Gonzalez | BRE #01874815 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
10,454
HOA Dues
$0/mo
Year built
1953
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19033842
City
Long Beach
County
Los Angeles
Time on Site
1396 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,823
  • Total Rent: $18,570
  • Pro Forma/Market Rent: $1,873
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $9,600
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $338,040
  • Net Operating Income: $236,883
  • Gross Operating Income: --
  • # of Rented Garages: 8
  • Garage Rental Income: $12,000
  • Laundry Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $104,816
  • Electric: $1,656
  • Gas/Fuel: $1,656
  • New Taxes: $66,258
  • Trash: $1,656
  • Insurance: $5,170
  • Maintenance: $9,096
  • Professional Management: $13,668
  • Water/Sewer: $1,656
  • Other Expense Description: Misc. Ad

Property Details for 30 N Alboni Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7265003024
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Septic Type Unknown, Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Alboni Place & Bonito Avenue
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 30 N Alboni Pl

Last sold for $4,800,000 on May 16th, 2019

  • December, 2019

  • Dec 1, 2019

    Date

    Expired

    CRMLS: PW19125623

    $2,195

    Price

  • Aug 30, 2019

    Date

    Withdrawn

    CRMLS: PW19125623

    $2,195

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: PW19125623

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Lower unit within a key-access building located a few blocks from Alamitos Beach. Hardwood flooring throughout unit. Kitchen includes refrigerator and stove. Ceiling fan included in bedrooms. Installation of window a/c or satellite dish are not allowed. Laundry facility onsite for your convenience. Garage available for rent $125/$125 (rent/deposit). One small pet 30lbs or less welcome with an additional deposit of $500, a monthly charge of $35 pet-rent and a pet-license. No-Section-8. *****ASK FOR THE $400 DISCOUNT ON THE MOVE-IN SPECIAL***** This is a month-to-month rental agreement. To view this unit please come into our office between 9-4 PM Monday-Saturday, please bring a $30.00 CASH refundable deposit and your ID. WE HAVE SEVERAL ONE AND TWO BEDROOM UNITS AVAILABLE FOR IMMEDIATE OCCUPANCY. GARAGE IS AVAILABLE AT $125 PER MONTH. Belmont Brokerage & Management 647 E. 4th St. Long Beach, CA, 90802.

  • May, 2019

  • May 17, 2019

    Date

    Sold

    CRMLS: PW19033842

    $4,800,000

    Price

  • May 2, 2019

    Date

    Pending

    CRMLS: PW19033842

    $5,296,000

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: PW19033842

    $5,296,000

    Price

  • May, 2019

  • May 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,800,000

    Price

  • April, 2018

  • Apr 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,850,000

    Price

Show More

Tax History for 30 N Alboni Pl

Assessed Value (2020): $4,897,140
Year Land Value Improved Value Assessed Value
2020 $2,856,000 $2,041,140 $4,897,140

Home Value Compared to the Market

This property vs the competition

30 N Alboni Pl sold on May 16, 2019 for 562% 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 $409.78 per/sqft which puts the price per square foot 35.16% lower than the current median sale per square foot for the city of Long Beach.

About 30 N Alboni Pl

Detailed summary of property

30 N Alboni Pl is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 18 bedrooms, 18 bathrooms, roughly 12,924 living square feet, and sits on an approximately 10,454 square foot lot. 30 N Alboni Pl was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $4,800,000. 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 562% higher than the current median priced home. Local homes that are currently for sale include 4083 S Broadway, 1271 W 39th Pl and 2221 Michigan Ave. While the average home in Long Beach, CA is selling in 51 days, 30 N Alboni Pl has a days on market of 78 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 30 N Alboni Pl 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 30 N Alboni Pl

Public county record property details
Beds
18
Baths
18
Year built
1953
Sq. Ft.
12,924
Lot Size
10,646
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
7265-003-024

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.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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