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

$1,109,000 Sold Price as of 12/22/2021
  • 6 Beds
  • 4 Baths
  • 3,328 Sq.Ft.
Sold
$1,109,000 Sold Price as of 12/22/2021 Refinance Your Mortgage
Map preview of 516 W 10th St, Long Beach, CA 90813

Property Overview: 516 W 10th St Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,328 living square feet and 4,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bread and Butter 4 unit in Willmore with (2) 2-beds upstairs and (2) 1-beds down. Laundry hook-ups in units. Separately metered for gas and electric. All Long term tenants with approximately 20% upside in rents. 15.6GRM and 3.6% cap at purchase and 13.2GRM and 4.5% Cap at Market Rents.

Listed by Josh Ess | BRE #02035659 | Buckingham Investments, Inc
Last checked: 7 seconds ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
4,583
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21215143
City
Long Beach
County
Los Angeles
Time on Site
1087 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $44,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,000
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $230
  • New Taxes: $14,000
  • Trash: $0
  • Gardener: $260
  • Insurance: $1,600
  • Maintenance: $2,740
  • Professional Management: $4,791
  • Water/Sewer: $650
  • Other Expenses: $90
  • Other Expense Description: Misc

Property Details for 516 W 10th St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7272009008
  • 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: Willmore District (WM)
  • Directions: South Side of 10th, West of Magnolia
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 516 W 10th St

Last sold for $1,109,000 on December 22nd, 2021

  • December, 2021

  • Dec 23, 2021

    Date

    Sold

    CRMLS: SB21215143

    $1,109,000

    Price

  • Dec 14, 2021

    Date

    Pending

    CRMLS: SB21215143

    $1,125,000

    Price

  • Sep 28, 2021

    Date

    Active

    CRMLS: SB21215143

    $1,125,000

    Price

  • December, 2018

  • Dec 29, 2018

    Date

    Sold

    CRMLS: PW18228097

    $890,000

    Price

  • Nov 29, 2018

    Date

    Active Under Contract

    CRMLS: PW18228097

    $904,900

    Price

  • Nov 14, 2018

    Date

    Price Change

    CRMLS: PW18228097

    $904,900

    Price

  • Oct 18, 2018

    Date

    Price Change

    CRMLS: PW18228097

    $924,900

    Price

  • Sep 18, 2018

    Date

    Active

    CRMLS: PW18228097

    $949,900

    Price

  • Listing provided courtesy of CRMLS

    Wonderful large statewide 4 unit building near downtown Long Beach! There are 2 very spacious upper units that offer 2 bedrooms/1 bath room, original built ins, updated throughout and each have their own inside private laundry as well as one parking space!! The lower 2 units are also very spacious 1 bedroom units that have very long term tenants. They also have had updates and offer inside private laundry rooms and 1 parking space each. Fantastic bread and butter building with all separate utilities, room for increased rents in the up and coming Wilmore Historic District near down town! Huge price drop, this one is for you!!! Owners very motivated!!

  • December, 2018

  • Dec 27, 2018

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • June, 2016

  • Jun 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

Show More

Tax History for 516 W 10th St

Assessed Value (2020): $907,800
Year Land Value Improved Value Assessed Value
2020 $632,400 $275,400 $907,800

Home Value Compared to the Market

This property vs the competition

516 W 10th St sold on December 22, 2021 for 37.36% 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 $338.04 per/sqft which puts the price per square foot 46.17% lower than the current median sale per square foot for the city of Long Beach.

About 516 W 10th St

Detailed summary of property

516 W 10th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,328 living square feet, and sits on an approximately 4,583 square foot lot. 516 W 10th St was first listed on ArdentRealEstateGroup.com on September 28, 2021. The homeowner sold the property for $1,109,000. 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 37.36% higher than the current median priced home. Local homes that are currently for sale include 2223 Locust, 1132 E Arcadia Court and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 516 W 10th St has a days on market of 51 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 516 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 516 W 10th St

Public county record property details
Beds
4
Baths
4
Year built
1921
Sq. Ft.
3,328
Lot Size
4,583
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7272-009-008

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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Recently Sold Homes Near 516 W 10th St

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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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