309 E Louise St, Long Beach, CA 90805
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309 E Louise St Long Beach, CA 90805

$1,200,000
  • 4 Beds
  • 4 Baths
  • 2,562 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified

Map preview of 309 E Louise St, Long Beach, CA 90805

Property Overview: 309 E Louise St Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,562 living square feet and 6,179 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great Fourplex in Long Beach! Spacious 1-bedroom and 1-bathroom units. Each unit has a 1-car garage. Big lot and laundry room offer potential for additional income. One unit has been remodeled. Close to Adams Elementary School, freeways, stores, and parks. A must-see!

Listed by Katherine Candelaria | BRE #01706876 | KC Realty Group
Last checked: 11 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
6,179
HOA Dues
$0/mo
Year built
1949
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24085990
City
Long Beach
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $63,700
  • Net Operating Income: $59,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,400
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,000
  • Water/Sewer: $2,400

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Property Details for 309 E Louise St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7126032011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: See google map
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 309 E Louise St

Last sold for $638,000 on September 6th, 2007
  • May, 2024

  • May 1, 2024

    Date

    Active

    CRMLS: PW24085990

    $1,200,000

    Price

  • September, 2007

  • Sep 6, 2007

    Date

    Sold (Public Records)

    Public Records

    $638,000

    Price

  • March, 2006

  • Mar 9, 2006

    Date

    Sold (Public Records)

    Public Records

    $619,000

    Price

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Tax History for 309 E Louise St

Assessed Value (2020): $766,257
Year Land Value Improved Value Assessed Value
2020 $526,054 $240,203 $766,257

Home Value Compared to the Market

This property vs the competition

309 E Louise St is listed 50.19% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $647 and this home is listed at $468.38 per/sqft which puts the price per square foot 27.61% lower than the median price per square foot for the city of Long Beach.

About 309 E Louise St

Detailed summary of property

309 E Louise St is a fourplex located in Long Beach, CA 90805 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,562 living square feet, and sits on an approximately 6,179 square foot lot. 309 E Louise St was first listed on ArdentRealEstateGroup.com on May 1, 2024. The homeowner is currently asking $1,200,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $647. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 50.19% higher than the median priced home. Local competing homes currently for sale include 2223 Locust Ave, 2175 Earl Ave and 1971 Locust Ave. While the average home in Long Beach, CA is selling in 51 days, 309 E Louise St has a days on market of 10 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 309 E Louise 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 309 E Louise St

Public county record property details
Beds
4
Baths
4
Year built
1949
Sq. Ft.
2,562
Lot Size
6,178
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1045
APN
7126-032-011

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
$679,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
65
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.