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33 Nieto Ave, Long Beach, CA 90803
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33 Nieto Ave Long Beach, CA 90803

$2,450,000 Sold Price as of 01/22/2020
  • 7 Beds
  • 7 Baths
  • 4,289 Sq.Ft.
Sold
$2,450,000 Sold Price as of 01/22/2020 Refinance Your Mortgage
Map preview of 33 Nieto Ave, Long Beach, CA 90803

Property Overview: 33 Nieto Ave Long Beach, CA has 7 bedrooms, 7 bathrooms, 4,289 living square feet and 4,598 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars and other amenities along 2nd Street. 33 Nieto Avenue provides investors with the opportunity to own an attractive asset with historically high tenant retention rates in one of the most desirable beachside rental markets in Southern California. Living in Belmont Shore offers residents access to ocean and bay beaches, as well as a multitude of restaurants, bars, coffee shops and more along 2nd Street.

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 124

Home details

Lot Sq. Ft
4,598
HOA Dues
$0/mo
Year built
1947
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19205849
City
Long Beach
County
Los Angeles
Time on Site
1406 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $11,865
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $148,118
  • Net Operating Income: $92,723
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $47,989
  • Electric: $806
  • Gas/Fuel: $806
  • Licenses: $662
  • New Taxes: $30,631
  • Trash: $806
  • Gardener: $1,080
  • Insurance: $1,716
  • Maintenance: $2,625
  • Professional Management: $5,628
  • Water/Sewer: $806
  • Other Expenses: $1,225
  • Other Expense Description: Reserves

Property Details for 33 Nieto Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Concrete, Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 7247022018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: E Ocean Blvd & Nieto Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 33 Nieto Ave

Last sold for $2,450,000 on January 22nd, 2020

  • January, 2020

  • Jan 22, 2020

    Date

    Sold

    CRMLS: PW19205849

    $2,450,000

    Price

  • Dec 30, 2019

    Date

    Pending

    CRMLS: PW19205849

    $2,450,000

    Price

  • Nov 14, 2019

    Date

    Price Change

    CRMLS: PW19205849

    $2,450,000

    Price

  • Aug 28, 2019

    Date

    Active

    CRMLS: PW19205849

    $2,650,000

    Price

  • January, 2020

  • Jan 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,450,000

    Price

  • April, 2009

  • Apr 3, 2009

    Date

    Sold (Public Records)

    Public Records

    $1,115,000

    Price

Show More

Tax History for 33 Nieto Ave

Assessed Value (2020): $1,314,300
Year Land Value Improved Value Assessed Value
2020 $841,905 $472,395 $1,314,300

Home Value Compared to the Market

This property vs the competition

33 Nieto Ave sold on January 22, 2020 for 206.25% 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 $571.23 per/sqft which puts the price per square foot 9.62% lower than the current median sale per square foot for the city of Long Beach.

About 33 Nieto Ave

Detailed summary of property

33 Nieto Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 4,289 living square feet, and sits on an approximately 4,598 square foot lot. 33 Nieto Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,450,000. 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 206.25% higher than the current median priced home. Local homes that are currently for sale include 337 Ximeno Ave, 337 Ximeno Ave and 3701 E Broadway. While the average home in Long Beach, CA is selling in 51 days, 33 Nieto Ave has a days on market of 124 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 33 Nieto Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 33 Nieto Ave

Public county record property details
Beds
7
Baths
7
Year built
1947
Sq. Ft.
4,289
Lot Size
4,597
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28,29
APN
7247-022-018

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,499,980
Median List Price/Sq.Ft.
$856
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
113
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 33 Nieto Ave

20 Nieto Ave, Long Beach, CA 90803
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0 Sq.Ft.
20 Nieto Ave
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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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