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

$1,409,000 Sold Price as of 05/31/2019
  • 6 Beds
  • 5 Baths
  • 3,116 Sq.Ft.
Sold
$1,409,000 Sold Price as of 05/31/2019 Refinance Your Mortgage
Map preview of 349 N Colorado Pl, Long Beach, CA 90814

Property Overview: 349 N Colorado Pl Long Beach, CA has 6 bedrooms, 5 bathrooms, 3,116 living square feet and 6,263 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 1922 TURNKEY 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 (1268Sf) 2 bed x 1 bath, fully renovated home, with four 1bed x 1bath (462Sf) fully renovated units. SFR has a laundry room with ample parking. Long Beach is a non rent controlled city currently reflecting a 98% occupancy. 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: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,263
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19058837
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 100
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # 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: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.4%
  • Gross Rent Multiplier: 14.7
  • Gross Scheduled Income: $98,400
  • Net Operating Income: $63,960
  • Gross Operating Income: $95,448
  • Vacancy Allowance: $2,952
Annual Expense Breakdown
  • Total Operating Expense: $34,440
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 349 N Colorado Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Ceiling Fan(s)
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Lawn, Near Public Transit, Walkstreet
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 7263025006
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is Attached
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 Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: North of Ocean Bvd West of Redondo Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 349 N Colorado Pl

Last sold for $1,409,000 on May 31st, 2019

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: PW21011388

    $1,625,000

    Price

  • Apr 14, 2021

    Date

    Withdrawn

    CRMLS: PW21011388

    $1,625,000

    Price

  • Mar 10, 2021

    Date

    Price Change

    CRMLS: PW21011388

    $1,625,000

    Price

  • Feb 23, 2021

    Date

    Price Change

    CRMLS: PW21011388

    $1,650,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: PW21011388

    $1,675,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2019

  • Jun 1, 2019

    Date

    Sold

    CRMLS: PW19058837

    $1,409,000

    Price

  • Apr 30, 2019

    Date

    Pending

    CRMLS: PW19058837

    $1,450,000

    Price

  • Apr 28, 2019

    Date

    Sold

    CRMLS: PW19058837

    $1,409,000

    Price

  • Mar 26, 2019

    Date

    Active Under Contract

    CRMLS: PW19058837

    $1,450,000

    Price

  • Mar 19, 2019

    Date

    Active

    CRMLS: PW19058837

    $1,450,000

    Price

  • May, 2019

  • May 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,409,000

    Price

  • March, 2019

  • Mar 1, 2019

    Date

    Expired

    CRMLS: PW18216209

    $1,450,000

    Price

  • Jan 16, 2019

    Date

    Active

    CRMLS: PW18216209

    $1,450,000

    Price

  • Jan 2, 2019

    Date

    Active Under Contract

    CRMLS: PW18216209

    $1,450,000

    Price

  • Jan 2, 2019

    Date

    Active

    CRMLS: PW18216209

    $1,450,000

    Price

  • Jan 1, 2019

    Date

    Expired

    CRMLS: PW18216209

    $1,450,000

    Price

  • Sep 27, 2018

    Date

    Price Change

    CRMLS: PW18216209

    $1,450,000

    Price

  • Sep 5, 2018

    Date

    Active

    CRMLS: PW18216209

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2016

  • May 24, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 349 N Colorado Pl

Assessed Value (2020): $1,437,180
Year Land Value Improved Value Assessed Value
2020 $918,000 $519,180 $1,437,180

Home Value Compared to the Market

This property vs the competition

349 N Colorado Pl sold on May 31, 2019 for 77.05% 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 $465.34 per/sqft which puts the price per square foot 25.9% lower than the current median sale per square foot for the city of Long Beach.

About 349 N Colorado Pl

Detailed summary of property

349 N Colorado Pl is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,116 living square feet, and sits on an approximately 6,263 square foot lot. 349 N Colorado Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,409,000. 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 77.05% higher than the current median priced home. Local homes that are currently for sale include 1761 Redondo Ave, 1147 Ximeno Ave and 1147 Ximeno Ave. While the average home in Long Beach, CA is selling in 62 days, 349 N Colorado Pl has a days on market of 11 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 349 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 349 N Colorado Pl

Public county record property details
Beds
6
Baths
5
Year built
1922
Sq. Ft.
3,116
Lot Size
6,263
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7263-025-006

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
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 349 N Colorado Pl

345 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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