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3901 E 11Th St, Long Beach, CA 90804
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3901 E 11Th St Long Beach, CA 90804

$1,831,100 Sold Price as of 03/07/2024
  • 9 Beds
  • 9.5 Baths
  • 4,102 Sq.Ft.
Sold
$1,831,100 Sold Price as of 03/07/2024 Refinance Your Mortgage
Map preview of 3901 E 11Th St, Long Beach, CA 90804

Property Overview: 3901 E 11Th St Long Beach, CA has 9 bedrooms, 9.5 bathrooms, 4,102 living square feet and 5,988 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3901 E. 11th Street is a 7-unit apartment asset built in 1987 located in Long Beach, California. The property is offered at 5.45% cap rate and 12.15 GRM on current rents. The property is comprised of (6) 1BD / 1BA units and (1) 3BD / 3.5BA unit with ample parking of nine (9) surface spaces. All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located in a quiet, residential neighborhood near Belmont Heights.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 6 minutes ago | Last updated: March 11th, 2024 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
5,988
HOA Dues
$0/mo
Year built
1987
Garage
8 Car
Property Type:
Mixed Use
Status
Sold
MLS#
PW24005149
City
Long Beach
County
Los Angeles
Time on Site
119 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: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,788
  • Total Rent: $10,728
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.45%
  • Gross Rent Multiplier: 12.15
  • Gross Scheduled Income: $160,500
  • Net Operating Income: $106,342
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $49,343
  • Electric: $914
  • Gas/Fuel: $914
  • Licenses: $900
  • New Taxes: $24,405
  • Trash: $914
  • Gardener: $1,200
  • Insurance: $3,500
  • Maintenance: $4,900
  • Professional Management: $7,784
  • Water/Sewer: $914
  • Other Expenses: $2,100
  • Other Expense Description: Reserves

Property Details for 3901 E 11Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
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: 7254004029
  • Year Built Source: Assessor
  • 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: Eastside (ES)
  • Directions: Termino Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3901 E 11Th St

Last sold for $1,831,100 on March 7th, 2024

  • March, 2024

  • Mar 7, 2024

    Date

    Sold

    CRMLS: PW24005149

    $1,831,100

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: PW24005149

    $1,950,000

    Price

  • October, 2017

  • Oct 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

  • March, 2005

  • Mar 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $930,000

    Price

Show More

Tax History for 3901 E 11Th St

Assessed Value (2020): $1,560,600
Year Land Value Improved Value Assessed Value
2020 $1,092,420 $468,180 $1,560,600

Home Value Compared to the Market

This property vs the competition

3901 E 11Th St sold on March 7, 2024 for 143.75% 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 $475.38 per/sqft which puts the price per square foot 24.78% lower than the current median sale per square foot for the city of Long Beach.

About 3901 E 11Th St

Detailed summary of property

3901 E 11Th St is a mixed use that recently sold in Long Beach, CA 90804. This mixed use property offered 9 bedrooms, 9.5 bathrooms, roughly 4,102 living square feet, and sits on an approximately 5,988 square foot lot. 3901 E 11Th St was first listed on ArdentRealEstateGroup.com on January 11, 2024. The homeowner sold the property for $1,831,100. 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 143.75% higher than the current median priced home. Local homes that are currently for sale include 4652 Gratian St, 145 W 47 St and 704 N Anna Dr. While the average home in Long Beach, CA is selling in 53 days, 3901 E 11Th St has a days on market of 41 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 3901 E 11Th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3901 E 11Th St

Public county record property details
Beds
4
Baths
8
Year built
1987
Sq. Ft.
4,252
Lot Size
5,988
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
79
APN
7254-004-029

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), 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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