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306 E Home St, Long Beach, CA 90805
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306 E Home St Long Beach, CA 90805

$1,300,000 Sold Price as of 03/02/2022
  • 7 Beds
  • 4 Baths
  • 3,000 Sq.Ft.
Sold
$1,300,000 Sold Price as of 03/02/2022 Refinance Your Mortgage
Map preview of 306 E Home St, Long Beach, CA 90805

Property Overview: 306 E Home St Long Beach, CA has 7 bedrooms, 4 bathrooms, 3,000 living square feet and 6,744 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Newly remodeled, no rent control, large 2 units on a huge corner lot, high yield and a quickly appreciating neighborhood. What more could you ask of a multifamily asset? All units are generously sized with two garage spaces, private laundry rooms inside each unit, open layout and plenty of natural light. The new owner will enjoy this fully leased property coupled trouble-free returns as each unit is equipped with separate meters for water, gas and electricity all paid by tenants. Main house is two story, 5 bedrooms and 3 bathrooms with freshly remodeled interior & exterior and the other unit (ADU) is single floor, 2  bedrooms and 1 bathroom with its own 2 car garage. Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Easy access to the 710 and 405 freeways.

Listed by Michelle Yoon | BRE #01991897 | Realty One Group Diamond
Last checked: 9 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,744
HOA Dues
$0/mo
Year built
2019
Garage
4 Car
Property Type:
Single Family Home
Status
Sold
MLS#
OC22009684
City
Long Beach
County
Los Angeles
Time on Site
854 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,860
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $3,950
  • Pro Forma/Market Rent: $4,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,720
  • Net Operating Income: $77,880
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,840
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $58
  • Professional Management: $262
  • Water/Sewer: $0

Property Details for 306 E Home St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7131036028
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: See Remarks
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: North of Del Amo and East of Long Beach
Neighborhood Information
  • Community Features: Park, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 306 E Home St

Last sold for $1,300,000 on March 2nd, 2022

  • March, 2022

  • Mar 2, 2022

    Date

    Sold

    CRMLS: OC22009684

    $1,300,000

    Price

  • Jan 17, 2022

    Date

    Active

    CRMLS: OC22009684

    $1,250,000

    Price

  • May, 2019

  • May 13, 2019

    Date

    Leased

    CRMLS: 19451850

    $4,000

    Price

  • Apr 30, 2019

    Date

    Pending

    CRMLS: 19451850

    $3,900

    Price

  • Apr 4, 2019

    Date

    Active

    CRMLS: 19451850

    $3,900

    Price

  • Listing provided courtesy of CRMLS

    BEAUTIFUL NEW CONSTRUCTION ON A HUGE CORNER LOT IN NORTH LONG BEACH! 2 HOUSES IN 1 LOT! MAIN HOUSE - TWO STORY. 5 Bedrooms + 3 Bathrooms. COVERED ENTRY OPENS TO OPEN FLOOR PLAN, DOWNSTAIRS HAS GUEST QUARTERS AND BATH, NEW LAMINATE FLOORING, NEW CHOCOLATE COVERED CABINETRY. DOUBLE PANE WINDOWS WITH PLENTY OF NATURAL LIGHT. ACCESS TO ITS OWN TWO CAR GARAGE. EVERYTHING NEW. READY TO OCCUPY. FRESHLY LANDSCAPED. NEW WROUGHT IRON FENCING. CLOSE TO ALL MAJOR FREEWAYS, SCHOOLS AND SHOPPING.

  • April, 2019

  • Apr 8, 2019

    Date

    Sold

    CRMLS: DW19029591

    $825,000

    Price

  • Mar 25, 2019

    Date

    Pending

    CRMLS: DW19029591

    $829,000

    Price

  • Feb 21, 2019

    Date

    Price Change

    CRMLS: DW19029591

    $829,000

    Price

  • Feb 11, 2019

    Date

    Price Change

    CRMLS: DW19029591

    $849,000

    Price

  • Feb 8, 2019

    Date

    Active

    CRMLS: DW19029591

    $829,000

    Price

  • Listing provided courtesy of CRMLS

    NEW CONSTRUCTION ON A HUGE CORNER LOT IN NORTH LONG BEACH! LIVE IN ONE AND RENT THE OTHER. MAIN HOUSE- TWO STORY. COVERED ENTRY OPENS TO OPEN FLOOR PLAN, DOWNSTAIRS HAS GUEST QUARTERS AND BATH, NEW LAMINATE FLOORING, NEW CHOCOLATE COVERED CABINETRY. DOUBLE PANE WINDOWS WITH PLENTY OF NATURAL LIGHT. ACCESS TO ITS OWN TWO CAR GARAGE. ADU- ONE STORY. TWO CAR GARAGE. PERFECT HOUSE FOR SMALL FAMILY. EVERYTHING NEW. READY TO OCCUPY. FRESHLY LANDSCAPED. NEW WROUGHT IRON FENCING. CLOSE TO ALL MAJOR FREEWAYS, SCHOOLS AND SHOPPING.

  • April, 2019

  • Apr 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

  • January, 2018

  • Jan 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

  • August, 2017

  • Aug 1, 2017

    Date

    Expired

    CRMLS: SB17149059

    $150,000

    Price

  • Jul 18, 2017

    Date

    Withdrawn

    CRMLS: SB17149059

    $150,000

    Price

  • Jun 30, 2017

    Date

    Active

    CRMLS: SB17149059

    $150,000

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 306 E Home St

Assessed Value (2020): $841,500
Year Land Value Improved Value Assessed Value
2020 $280,500 $561,000 $841,500

Home Value Compared to the Market

This property vs the competition

306 E Home St sold on March 2, 2022 for 56.25% 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 $416.67 per/sqft which puts the price per square foot 34.07% lower than the current median sale per square foot for the city of Long Beach.

About 306 E Home St

Detailed summary of property

306 E Home St is a single family home that recently sold in Long Beach, CA 90805. This house offered 7 bedrooms, 4 bathrooms, roughly 3,000 living square feet, and sits on an approximately 6,744 square foot lot. 306 E Home St was first listed on ArdentRealEstateGroup.com on January 18, 2022. The homeowner sold the property for $1,300,000. 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 56.25% higher than the current median priced home. Local homes that are currently for sale include 5945 Pimenta Ave, 5618 Pepperwood Ave and 4832 Faculty Ave. While the average home in Long Beach, CA is selling in 52 days, 306 E Home St has a days on market of 11 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 306 E Home 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 306 E Home St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
6,743
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
7131-036-028

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
$695,000
Median List Price/Sq.Ft.
$567
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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