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415 E 20Th St, Long Beach, CA 90806
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415 E 20Th St Long Beach, CA 90806

$3,000,000 Sold Price as of 02/20/2020
  • 28 Beds
  • 14 Baths
  • 8,946 Sq.Ft.
Sold
$3,000,000 Sold Price as of 02/20/2020 Refinance Your Mortgage
Map preview of 415 E 20Th St, Long Beach, CA 90806

Property Overview: 415 E 20Th St Long Beach, CA has 28 bedrooms, 14 bathrooms, 8,946 living square feet and 17,424 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 415 - 417 East 20th Street is a 14-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The 8,946 gross square foot property consists exclusively of two-bedroom cottages and offers amenities including gated entry, single-story construction, on-site laundry, and garage parking. In addition, the property’s strategic location in close proximity to Pacific Coast Highway and Interstate 710 provides residents with convenient access to local and regional employment centers.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
17,424
HOA Dues
$0/mo
Year built
1927
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19192297
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 14
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $17,135
  • Total Rent: $17,135
  • Pro Forma/Market Rent: $23,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $212,220
  • Net Operating Income: $127,337
  • Gross Operating Income: $206,051
Annual Expense Breakdown
  • Total Operating Expense: $78,715
  • Electric: $2,411
  • Gas/Fuel: $2,411
  • Licenses: $2,400
  • New Taxes: $39,582
  • Trash: $2,411
  • Insurance: $4,646
  • Maintenance: $7,000
  • Professional Management: $10,303
  • Water/Sewer: $2,411
  • Other Expenses: $5,140
  • Other Expense Description: other

Property Details for 415 E 20Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 14
  • Parcel Number: 7209011016
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Long Beach Boulevard and 20th Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 415 E 20Th St

Last sold for $3,000,000 on February 20th, 2020

  • February, 2020

  • Feb 20, 2020

    Date

    Sold

    CRMLS: OC19192297

    $3,000,000

    Price

  • Dec 18, 2019

    Date

    Pending

    CRMLS: OC19192297

    $3,100,000

    Price

  • Sep 17, 2019

    Date

    Price Change

    CRMLS: OC19192297

    $3,100,000

    Price

  • Aug 12, 2019

    Date

    Active

    CRMLS: OC19192297

    $3,200,000

    Price

  • February, 2020

  • Feb 20, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,000,000

    Price

  • October, 2005

  • Oct 28, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

Show More

Tax History for 415 E 20Th St

Assessed Value (2020): $2,055,529
Year Land Value Improved Value Assessed Value
2020 $749,734 $1,305,795 $2,055,529

Home Value Compared to the Market

This property vs the competition

415 E 20Th St sold on February 20, 2020 for 278.51% 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 $346.52 per/sqft which puts the price per square foot 44.82% lower than the current median sale per square foot for the city of Long Beach.

About 415 E 20Th St

Detailed summary of property

415 E 20Th St is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 28 bedrooms, 14 bathrooms, roughly 8,946 living square feet, and sits on an approximately 17,424 square foot lot. 415 E 20Th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,000,000. 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 278.51% higher than the current median priced home. Local homes that are currently for sale include 386 Mira Mar Ave, 1660 Park Ave and 263 Corona Avenue. While the average home in Long Beach, CA is selling in 62 days, 415 E 20Th St has a days on market of 127 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 415 E 20Th St Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 415 E 20Th St

Public county record property details
Beds
28
Baths
14
Year built
1927
Sq. Ft.
8,946
Lot Size
17,490
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
7209-011-016

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), 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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