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50 Glendora Ave Long Beach, CA 90803

$2,015,000 Sold Price as of 09/20/2022

4 Beds
8 Baths
3,042 Sq.Ft.

Sold

$2,015,000 Sold Price as of 09/20/2022 Refinance Your Mortgage

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Map preview of 50 Glendora Ave, Long Beach, CA 90803

Property Overview: 50 Glendora Ave Long Beach, CA has 4 bedrooms, 8 bathrooms, 3,042 living square feet and 3,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Glendora Ave Apartments are ideally located just a short walk to the beach, Alamitos Bay, and all of the entertainment found on 2nd St. It is easily accessible to the 405, 22, 605 & 710 Freeways as well as downtown Long Beach, Convention Center, Performing Arts, Shoreline Village, Aquarium of the Pacific and Port of Long Beach. The property has been in the same family for 40 years and has been meticulously maintained. The property was re-piped with copper plumbing in 2019 and received a new composition roof approx. 10 years ago.

Listed by Grant Hahn | BRE #01197893 | Morgan Skenderian

Last checked: 15 minutes ago | Last updated: September 20th, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft: 3,750
HOA Dues: $0/mo
Year built: 1947
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW22127202
City: Long Beach
County: Los Angeles
Time on Site: 829 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1
# of Electric Meters: 6
# of Gas Meters: 6
# of Water Meters: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 0
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,225
Total Rent: $2,450
Pro Forma/Market Rent: $3,390

Unit Breakdown 2

# of Units: 4
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,543
Total Rent: $6,170
Pro Forma/Market Rent: $7,580

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $104,240
Net Operating Income: $63,623
Gross Operating Income: $101,112
Vacancy Allowance: $3,127

Annual Expense Breakdown

Total Operating Expense: $37,489
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 50 Glendora Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: 36-40 Units/Acre, Level
Lot Size Source: Public Records
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 6
Parcel Number: 7247027002
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Belmont Shore (BSD)
Directions: between 1st & Ocean

Neighborhood Information

Community Features: Biking

View more facts & features

Local Long Beach Agent

Sale History for 50 Glendora Ave

Last sold for $2,015,000 on September 20th, 2022

September, 2022
Sep 20, 2022

Date

Sold

CRMLS: PW22127202

$2,015,000

Price
Jun 13, 2022

Date

Active

CRMLS: PW22127202

$2,125,000

Price
September, 1999
Sep 29, 1999

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 50 Glendora Ave

Assessed Value (2020): $578,014

Year	Land Value	Improved Value	Assessed Value
2020	$235,442	$342,572	$578,014

Home Value Compared to the Market

This property vs the competition

50 Glendora Ave sold on September 20, 2022 for 159.46% 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 $698.55 per/sqft which puts the price per square foot 11.23% higher than the current median sale per square foot for the city of Long Beach.

About 50 Glendora Ave

Detailed summary of property

50 Glendora Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 3,042 living square feet, and sits on an approximately 3,750 square foot lot. 50 Glendora Ave was first listed on ArdentRealEstateGroup.com on June 13, 2022. The homeowner sold the property for $2,015,000. 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 159.46% higher than the current median priced home. Local homes that are currently for sale include 275 Belmont Avenue, 4501 E 4th St and 21 68th Pl. While the average home in Long Beach, CA is selling in 62 days, 50 Glendora Ave has a days on market of 22 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 50 Glendora Ave 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 50 Glendora Ave

Public county record property details

Beds: 4
Baths: 6
Year built: 1947
Sq. Ft.: 3,042
Lot Size: 3,743
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5-7
APN: 7247-027-002

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

$1,595,000

Median List Price/Sq.Ft.

$824

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$755

Total Inventory

128

Median Sale to List Price %

100.2%

Avg Days on Market

Loan Type

Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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.