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3809 E 2nd St, Long Beach, CA 90803
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3809 E 2nd St Long Beach, CA 90803

$2,300,000 Sold Price as of 03/12/2021
  • 10 Beds
  • 6 Baths
  • 5,888 Sq.Ft.
Sold
$2,300,000 Sold Price as of 03/12/2021 Refinance Your Mortgage
Map preview of 3809 E 2nd St, Long Beach, CA 90803

Property Overview: 3809 E 2nd St Long Beach, CA has 10 bedrooms, 6 bathrooms, 5,888 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation in 2018. The Belmont Heights location is one of the most desirable in all of Southern California. The property is walking distance to the beach, bike path as well as the popular 2nd Street shopping and dining. Upside in the rents without having to do any major capital improvements. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.

Listed by Kristie Pabst | BRE #00804122 | Pabst, Kinney & Associates
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1924
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20212043
City
Long Beach
County
Los Angeles
Time on Site
1318 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,080
  • Total Rent: $2,080
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.58%
  • Gross Rent Multiplier: 17.13
  • Gross Scheduled Income: $145,920
  • Net Operating Income: $89,423
  • Gross Operating Income: --
  • Vacancy Allowance: $4,378
  • # of Rented Garages: 5
  • Garage Rental Income: $375
  • Laundry Income: $60
  • Other Income 1: $75
  • Other Income Description: Pet Rent
Annual Expense Breakdown
  • Total Operating Expense: $52,119
  • Electric: $115
  • Gas/Fuel: $0
  • Licenses: $555
  • New Taxes: $28,120
  • Trash: $0
  • Gardener: $2,055
  • Insurance: $1,860
  • Maintenance: $5,835
  • Professional Management: $7,500
  • Water/Sewer: $2,550

Property Details for 3809 E 2nd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Awning(s)
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7256008022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Other Subdivision Name: Belmont Heights
  • Directions: From Ocean Blvd., go North to 2nd Street, turn right on 2nd Street to property
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 3809 E 2nd St

Last sold for $2,300,000 on March 12th, 2021

  • March, 2021

  • Mar 12, 2021

    Date

    Sold

    CRMLS: PW20212043

    $2,300,000

    Price

  • Mar 1, 2021

    Date

    Pending

    CRMLS: PW20212043

    $2,499,500

    Price

  • Dec 7, 2020

    Date

    Active Under Contract

    CRMLS: PW20212043

    $2,499,500

    Price

  • Oct 8, 2020

    Date

    Active

    CRMLS: PW20212043

    $2,499,500

    Price

Tax History for 3809 E 2nd St

Assessed Value (2020): $928,304
Year Land Value Improved Value Assessed Value
2020 $464,152 $464,152 $928,304

Home Value Compared to the Market

This property vs the competition

3809 E 2nd St sold on March 12, 2021 for 212.44% 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 $424.51 per/sqft which puts the price per square foot 32.83% lower than the current median sale per square foot for the city of Long Beach.

About 3809 E 2nd St

Detailed summary of property

3809 E 2nd St is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 5,888 living square feet, and sits on an approximately 6,749 square foot lot. 3809 E 2nd St was first listed on ArdentRealEstateGroup.com on October 8, 2020. The homeowner sold the property for $2,300,000. 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 212.44% higher than the current median priced home. Local homes that are currently for sale include 102 La Verne Ave, 263 Corona Avenue and 263 Corona Ave. While the average home in Long Beach, CA is selling in 51 days, 3809 E 2nd St has a days on market of 58 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 3809 E 2nd St 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 3809 E 2nd St

Public county record property details
Beds
10
Baths
6
Year built
1924
Sq. Ft.
5,888
Lot Size
6,748
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7256-008-022

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
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
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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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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