508 W 10th St, Long Beach, CA 90813
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508 W 10th St Long Beach, CA 90813

$1,020,000 Sold Price as of 07/29/2019
  • 9 Beds
  • 4 Baths
  • 3,328 Sq.Ft.
Sold
$1,020,000 Sold Price as of 07/29/2019 Refinance Your Mortgage

Map preview of 508 W 10th St, Long Beach, CA 90813

Property Overview: 508 W 10th St Long Beach, CA has 9 bedrooms, 4 bathrooms, 3,328 living square feet and 4,648 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRIME 4-PLEX OPPORTUNITY IN DOWNTOWN LONG BEACH. 4 UNITS CONSISTING OF 3- 2BEDROOM/1BATH AND 1- 3BEDROOM/1BATH. THE WHOLE BUILDING HAD A MAJOR REMODEL 7 YEARS AGO WITH NEW COPPER PLUMBING, NEW ROOF, NEW ELECTRICAL, AND MUCH MORE! EACH UNIT IS SEPARATELY METERED FOR GAS & ELECTRIC. TENANTS PAY ALL UTILITIES AND MAINTENANCE. SELLER PAYS TAXES & INSURANCE ONLY FOR THIS PROPERTY. RENTS HAVE NOT BEEN RAISED IN YEARS. MONTH - MONTH TENANTS. TONS OF UPSIDE. HURRY THIS PROPERTY WILL NOT LAST LONG!

Listed by Kristina Moore | BRE #01926377 | The Moore Group
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
4,648
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19140294
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $64,800
  • Net Operating Income: $49,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 508 W 10th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7272009009
  • 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
  • Subdivision Name: Downtown (DT)
  • Directions: 10th and magnolia
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 508 W 10th St

Last sold for $1,020,000 on July 29th, 2019
  • July, 2019

  • Jul 30, 2019

    Date

    Sold

    CRMLS: PW19140294

    $1,020,000

    Price

  • Jun 28, 2019

    Date

    Pending

    CRMLS: PW19140294

    $1,049,000

    Price

  • Jun 14, 2019

    Date

    Active

    CRMLS: PW19140294

    $1,049,000

    Price

  • July, 2019

  • Jul 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,020,000

    Price

  • June, 2017

  • Jun 7, 2017

    Date

    Sold (Public Records)

    Public Records

    $760,000

    Price

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Tax History for 508 W 10th St

Assessed Value (2020): $1,020,380
Year Land Value Improved Value Assessed Value
2020 $660,000 $360,380 $1,020,380

Home Value Compared to the Market

This property vs the competition

508 W 10th St sold on July 29, 2019 for 28.08% 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 $315.2 per/sqft which puts the price per square foot 49.81% lower than the current median sale per square foot for the city of Long Beach.

About 508 W 10th St

Detailed summary of property

508 W 10th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 3,328 living square feet, and sits on an approximately 4,648 square foot lot. 508 W 10th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,020,000. 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 28.08% higher than the current median priced home. Local homes that are currently for sale include 1132 E Arcadia Court, 1125 E 17th St and 1339 Peterson Ave. While the average home in Long Beach, CA is selling in 62 days, 508 W 10th St has a days on market of 14 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 508 W 10th 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 508 W 10th St

Public county record property details
Beds
4
Baths
4
Year built
1921
Sq. Ft.
3,328
Lot Size
4,648
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7272-009-009

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
$560,000
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.