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345 E 20Th St, Long Beach, CA 90806
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345 E 20Th St Long Beach, CA 90806

$3,525,000 Sold Price as of 05/22/2024
  • 23 Beds
  • 20 Baths
  • 11,046 Sq.Ft.
Sold
$3,525,000 Sold Price as of 05/22/2024 Refinance Your Mortgage
Map preview of 345 E 20Th St, Long Beach, CA 90806

Property Overview: 345 E 20Th St Long Beach, CA has 23 bedrooms, 20 bathrooms, 11,046 living square feet and 17,609 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Adjustment! 345 E 20th St in Long Beach is a great investment opportunity for local investors or 1031 exchange clients alike. The 23 units have been upgraded both on the interior and exterior. The upgrades include but are not limited to the roof being replaced within the last 10 years, a majority of the plumbing being replaced, and each unit being heavily remodeled in the last 5 years. The subject property currently has 4 private garages and an onsite laundry room, both which provide additional income. 345 E 20th St boasts a strong walk score of 95 due to the extremely convenient distance between grocery stores as well as dining and entertainment options.

Listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 8 minutes ago | Last updated: May 22nd, 2024 | Source CRMLS | DOM: 130

Home details

Lot Sq. Ft
17,609
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
SB23188825
City
Long Beach
County
Los Angeles
Time on Site
344 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 23
  • Total # of Buildings: 1
  • # of Electric Meters: 24
  • # of Gas Meters: 24
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 2
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,375
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,375
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,298
  • Total Rent: $1,298
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $351,840
  • Net Operating Income: $216,763
  • Gross Operating Income: $341,285
  • Vacancy Allowance: $10,555
  • Laundry Income: $50
Annual Expense Breakdown
  • Total Operating Expense: $124,522
  • Electric: $4,000
  • Gas/Fuel: $4,500
  • Trash: $4,000
  • Insurance: $7,732
  • Professional Management: $14,074
  • Water/Sewer: $7,866

Property Details for 345 E 20Th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
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: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 23
  • Parcel Number: 7209011018
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Poly High (PH)
  • Directions: head north on CA/1 S Pacific Coast Highway Take 405 S toward Atlantic Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 345 E 20Th St

Last sold for $3,525,000 on May 22nd, 2024

  • May, 2024

  • May 22, 2024

    Date

    Sold

    CRMLS: SB23188825

    $3,525,000

    Price

  • Oct 10, 2023

    Date

    Active

    CRMLS: SB23188825

    $4,495,000

    Price

  • March, 2020

  • Mar 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,495,000

    Price

  • December, 2017

  • Dec 21, 2017

    Date

    Sold

    CRMLS: SB17213267

    $3,310,000

    Price

  • Nov 4, 2017

    Date

    Pending

    CRMLS: SB17213267

    $3,385,000

    Price

  • Oct 12, 2017

    Date

    Active

    CRMLS: SB17213267

    $3,385,000

    Price

  • Listing provided courtesy of CRMLS

    NO RENT CONTROL! Excellent Rental Area of Long Beach--Close to Pacific Coast Hwy. and Long Beach Blvd. One block from the Blue Line Train. Walking distance to Schools, Shopping and Transportation. Fully Rented with 15% Reasonable Upside in Rents! Freshly Painted. Gated Building with an On-Site Laundry Room. Four Garages in Back of Building.

  • December, 2017

  • Dec 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $3,227,500

    Price

Show More

Tax History for 345 E 20Th St

Assessed Value (2020): $3,365,530
Year Land Value Improved Value Assessed Value
2020 $832,320 $2,533,210 $3,365,530

Home Value Compared to the Market

This property vs the competition

345 E 20Th St sold on May 22, 2024 for 411.6% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $379.32 per/sqft which puts the price per square foot 39.6% lower than the current median sale per square foot for the city of Long Beach.

About 345 E 20Th St

Detailed summary of property

345 E 20Th St is a apartment that recently sold in Long Beach, CA 90806. This apartment offered 23 bedrooms, 20 bathrooms, roughly 11,046 living square feet, and sits on an approximately 17,609 square foot lot. 345 E 20Th St was first listed on ArdentRealEstateGroup.com on October 11, 2023. The homeowner sold the property for $3,525,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 411.6% higher than the current median priced home. Local homes that are currently for sale include 3300 W Orange Ave, 7852-7858 16Th St and 7361 Artesia Blvd. While the average home in Long Beach, CA is selling in 62 days, 345 E 20Th St has a days on market of 130 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 345 E 20Th St Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 345 E 20Th St

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
11,046
Lot Size
17,609
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7209-011-018

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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