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40 63Rd Pl, Long Beach, CA 90803
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40 63Rd Pl Long Beach, CA 90803

$3,900,000 Sold Price as of 06/21/2023
  • 11 Beds
  • 11 Baths
  • 6,646 Sq.Ft.
Sold
$3,900,000 Sold Price as of 06/21/2023 Refinance Your Mortgage
Map preview of 40 63Rd Pl, Long Beach, CA 90803

Property Overview: 40 63Rd Pl Long Beach, CA has 11 bedrooms, 11 bathrooms, 6,646 living square feet and 7,275 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Last checked: 13 minutes ago | Last updated: June 23rd, 2023 | Source CRMLS | DOM: 195

Home details

Lot Sq. Ft
7,275
HOA Dues
$0/mo
Year built
1948
Garage
7 Car
Property Type:
Apartment
Status
Sold
MLS#
PW22235774
City
Long Beach
County
Los Angeles
Time on Site
559 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $183,532
  • Net Operating Income: $93,923
  • Gross Operating Income: --
  • Laundry Income: $1,762
Annual Expense Breakdown
  • Total Operating Expense: $89,608
  • Electric: $675
  • Gas/Fuel: $506
  • Licenses: $1,239
  • New Taxes: $62,469
  • Trash: $0
  • Gardener: $994
  • Insurance: $12,843
  • Maintenance: $36,590
  • Professional Management: $12,861
  • Water/Sewer: $2,460

Property Details for 40 63Rd Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7245023016
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bay Harbour (BYH)
  • Directions: Located on the Bay side of the Peninsula
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 40 63Rd Pl

Last sold for $3,900,000 on June 21st, 2023

  • June, 2023

  • Jun 21, 2023

    Date

    Sold

    CRMLS: PW22235774

    $3,900,000

    Price

  • Nov 4, 2022

    Date

    Active

    CRMLS: PW22235774

    $4,997,500

    Price

  • June, 2005

  • Jun 22, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 40 63Rd Pl

Assessed Value (2020): $1,438,290
Year Land Value Improved Value Assessed Value
2020 $777,626 $660,664 $1,438,290

Home Value Compared to the Market

This property vs the competition

40 63Rd Pl sold on June 21, 2023 for 431.25% 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 $639.48 per/sqft which puts the price per square foot 1.18% higher than the current median sale per square foot for the city of Long Beach.

About 40 63Rd Pl

Detailed summary of property

40 63Rd Pl is a apartment that recently sold in Long Beach, CA 90803. This apartment offered 11 bedrooms, 11 bathrooms, roughly 6,646 living square feet, and sits on an approximately 7,275 square foot lot. 40 63Rd Pl was first listed on ArdentRealEstateGroup.com on November 4, 2022. The homeowner sold the property for $3,900,000. 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 431.25% higher than the current median priced home. Local homes that are currently for sale include 17061 Sandra Lee Ln, 7851 Glencoe Dr and 205 Huntington St. While the average home in Long Beach, CA is selling in 51 days, 40 63Rd Pl has a days on market of 195 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 40 63Rd Pl 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 40 63Rd Pl

Public county record property details
Beds
11
Baths
11
Year built
1948
Sq. Ft.
6,646
Lot Size
7,275
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16-18
APN
7245-023-016

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
$1,499,980
Median List Price/Sq.Ft.
$856
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
113
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?
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(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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