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345 N Colorado Pl, Long Beach, CA 90814
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345 N Colorado Pl Long Beach, CA 90814

$1,100,000 Sold Price as of 07/17/2020
  • 5 Beds
  • 3 Baths
  • 2,804 Sq.Ft.
Sold
$1,100,000 Sold Price as of 07/17/2020 Refinance Your Mortgage
Map preview of 345 N Colorado Pl, Long Beach, CA 90814

Property Overview: 345 N Colorado Pl Long Beach, CA has 5 bedrooms, 3 bathrooms, 2,804 living square feet and 6,221 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 349 N Colorado. Located in the highly desirable neighborhood of Bluff heights. Only a short distance to the Ocean, Belmont Shore, wonderful shopping, restaurants, parks & excellent coffee shops. This classic 1923 investment property has the charm of early 20th century design with built in cabinetry, hardwood flooring, walk in closets and much more. Comprised of one completely detached SFR (1464Sf) 2 bed x 1 bath home, one large (880SF) upper level 2 x 1 bath unit, and one 1bed x 1bath (495Sf) lower level unit. Although located in close proximity to the best of what Long Beach has to offer, this incredible investment property is located on a quiet street and reflects Incredible curb appeal.

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 7 minutes ago | Last updated: May 6th, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,221
HOA Dues
$0/mo
Year built
1923
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
PW20084867
City
Long Beach
County
Los Angeles
Time on Site
1399 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.24%
  • Gross Rent Multiplier: 13.69
  • Gross Scheduled Income: $80,375
  • Net Operating Income: $46,554
  • Gross Operating Income: $77,964
  • Vacancy Allowance: $2,411
  • Laundry Income: $1,176
Annual Expense Breakdown
  • Total Operating Expense: $31,410
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 345 N Colorado Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Fireplace(s)
Laundry Information
  • Has Laundry
  • Community, Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Wood
  • Basement, Laundry, Walk-In Closet
Interior Features
  • Balcony
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7263026015
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: Parking
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Directions: Major cross streets: E. 4th street & Redondo
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 345 N Colorado Pl

Last leased for $3,995 on May 4th, 2022

  • April, 2022

  • Apr 18, 2022

    Date

    Active

    CRMLS: CV22077969

    $3,995

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 3 bed/2 bath craftsman bungalow located in the highly desirable neighborhood of Bluff Heights. This home has all the charm of early 20th century design with its built in cabinetry, wood trim/mouldings, original hardwood flooring and front porch area. It also has modern amenities with its open floor plan, recessed lighting, newly remodeled kitchen and bathrooms. The kitchen features new white cabinets with stunning countertops, large sink, stainless steel appliances. There a large dining area off of the kitchen. The living area features include a fireplace and original built in cabinets. New paint throughout. Central A/C and heat. Inside laundry hookups. Located on a quiet street close to the ocean, Belmont Shore, shopping, restaurants, parks & coffee shops.

  • July, 2020

  • Jul 18, 2020

    Date

    Sold

    CRMLS: PW20084867

    $1,100,000

    Price

  • May 23, 2020

    Date

    Active Under Contract

    CRMLS: PW20084867

    $1,100,000

    Price

  • May 8, 2020

    Date

    Active

    CRMLS: PW20084867

    $1,100,000

    Price

  • July, 2020

  • Jul 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • December, 1995

  • Dec 1, 1995

    Date

    Sold (Public Records)

    Public Records

    $211,000

    Price

Show More

Tax History for 345 N Colorado Pl

Assessed Value (2020): $320,712
Year Land Value Improved Value Assessed Value
2020 $106,319 $214,393 $320,712

Home Value Compared to the Market

This property vs the competition

345 N Colorado Pl sold on July 17, 2020 for 37.5% 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 $392.3 per/sqft which puts the price per square foot 37.93% lower than the current median sale per square foot for the city of Long Beach.

About 345 N Colorado Pl

Detailed summary of property

345 N Colorado Pl is a triplex that recently sold in Long Beach, CA 90814. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,804 living square feet, and sits on an approximately 6,221 square foot lot. 345 N Colorado Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,100,000. 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 37.5% higher than the current median priced home. Local homes that are currently for sale include 1125 E 17th St, 1415 Locust Ave and 702 Cedar Ave. While the average home in Long Beach, CA is selling in 52 days, 345 N Colorado Pl has a days on market of 14 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 345 N Colorado Pl Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 345 N Colorado Pl

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
2,804
Lot Size
6,221
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7263-026-015

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$771,400
Median List Price/Sq.Ft.
$615
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

Thinking of Selling?

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Recently Sold Homes Near 345 N Colorado Pl

349 N Colorado Pl, Long Beach, CA 90814
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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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