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503 E 16th St, Long Beach, CA 90813
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503 E 16th St Long Beach, CA 90813

$1,150,000 Sold Price as of 07/16/2019
  • 13 Beds
  • 7 Baths
  • 5,304 Sq.Ft.
Sold
$1,150,000 Sold Price as of 07/16/2019 Refinance Your Mortgage
Map preview of 503 E 16th St, Long Beach, CA 90813

Property Overview: 503 E 16th St Long Beach, CA has 13 bedrooms, 7 bathrooms, 5,304 living square feet and 6,742 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Drive by only! Excellent Set up: 130ft frontage and 50ft dep easy for cars parking single family home on the left with 5 bedrooms 2.5 baths, center building is the 2 car garages with storage on top which is rented for additional income, third building on the right is the 3 units consist of 4 bedroom 2 baths on top and 2 - 2bedroom 1 bath each on the bottom.

Listed by Steve Vong | BRE #01273285 | First American Team Realty Inc
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,742
HOA Dues
$0/mo
Year built
1919
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW19064780
City
Long Beach
County
Los Angeles
Time on Site
1529 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,675
  • Total Rent: $2,675
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,386
  • Total Rent: $1,386
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,386
  • Total Rent: $1,386
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,164
  • Net Operating Income: $80,924
  • Gross Operating Income: --
  • Other Income 1: $650
Annual Expense Breakdown
  • Total Operating Expense: $10,240
  • New Taxes: $26,250
  • Trash: $1,200
  • Insurance: $3,000
  • Water/Sewer: $1,200

Property Details for 503 E 16th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7269033007
  • 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
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: East of Long Beach Blvd and West of Atlantic Avenue
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 503 E 16th St

Last sold for $1,150,000 on July 16th, 2019

  • July, 2019

  • Jul 19, 2019

    Date

    Sold

    CRMLS: PW19064780

    $1,150,000

    Price

  • Jul 16, 2019

    Date

    Pending

    CRMLS: PW19064780

    $1,250,000

    Price

  • May 24, 2019

    Date

    Active Under Contract

    CRMLS: PW19064780

    $1,250,000

    Price

  • Mar 23, 2019

    Date

    Active

    CRMLS: PW19064780

    $1,250,000

    Price

  • July, 2019

  • Jul 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • November, 2018

  • Nov 29, 2018

    Date

    Canceled

    CRMLS: PW18102778

    $1,250,000

    Price

  • Nov 28, 2018

    Date

    Active

    CRMLS: PW18102778

    $1,250,000

    Price

  • Nov 1, 2018

    Date

    Price Change

    CRMLS: PW18102778

    $1,250,000

    Price

  • Oct 29, 2018

    Date

    Hold

    CRMLS: PW18102778

    $1,149,000

    Price

  • May 2, 2018

    Date

    Active

    CRMLS: PW18102778

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    503 is a 5 bedrooms and 3 baths house on the left, center is 2 car garage with storage/bachelor on top, 517 is top unit 4 bedrooms and 2baths, 515 has 2 bedroom 1 bath and 521 has 2 bedrooms and 1 bath also.

  • October, 2012

  • Oct 16, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 503 E 16th St

Assessed Value (2020): $1,150,000
Year Land Value Improved Value Assessed Value
2020 $600,000 $550,000 $1,150,000

Home Value Compared to the Market

This property vs the competition

503 E 16th St sold on July 16, 2019 for 52.63% 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 $235.67 per/sqft which puts the price per square foot 62.47% lower than the current median sale per square foot for the city of Long Beach.

About 503 E 16th St

Detailed summary of property

503 E 16th St is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 13 bedrooms, 7 bathrooms, roughly 5,304 living square feet, and sits on an approximately 6,742 square foot lot. 503 E 16th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,150,000. 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 52.63% higher than the current median priced home. Local homes that are currently for sale include 1339 Peterson Ave, 332 W 9th St and 1816 Oregon Ave. While the average home in Long Beach, CA is selling in 65 days, 503 E 16th St has a days on market of 62 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale at 503 E 16th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 503 E 16th St

Public county record property details
Beds
13
Baths
7
Year built
1919
Sq. Ft.
5,304
Lot Size
6,742
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7269-033-007

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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