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529 W 10Th St, Long Beach, CA 90813
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529 W 10Th St Long Beach, CA 90813

$1,450,000
  • 7 Beds
  • 6 Baths
  • 3,616 Sq.Ft.
For Sale
$1,450,000 Get Pre-Qualified
Map preview of 529 W 10Th St, Long Beach, CA 90813

Property Overview: 529 W 10Th St Long Beach, CA has 7 bedrooms, 6 bathrooms, 3,616 living square feet and 7,816 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the sale of 529 W 10th St. in the Willmore neighborhood of Long Beach just minutes from Downtown. The property has undergone significant renovation with four of the units receiving full interior renovation including new flooring, kitchens, bathrooms, and fixtures. The property has also had the majority of major systems replaced - new electrical panels and wiring, and new PEX plumbing throughout. 10th St. Consists of a large detached 1,336 square foot 3 bed/2 bath front house that includes a private gated space for multiple cars. The front house used to be two units at one point , and the possibility exists to split in back to it's original configuration as a duplex- one 2 bed/1 bath and one 1 bed/1 bath unit, which would result in about a 25% increase in rental income. Two detached duplex's are behind the front house that consist of one bedroom units (two of the units have been converted from studios into one bedroom units). A detached double car garage is at the rear of the property, which could be converted into a detached ADU as well. 529 W 10th St. presents a great opportunity to purchase a high cashflowing asset at a 11.57 GRM and 5.44% cap rate where the current owner has done the majority of the heavy lifting with additional upside.

Listed by Jackson Jorgensen | BRE #02022727 | Younglewin Advisors, Inc.
Last checked: 1 minute ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
7,816
HOA Dues
$0/mo
Year built
1928
Garage
2 Car
Property Type:
Apartment
Status
Active
MLS#
PW24183703
City
Long Beach
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,796
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.44%
  • Gross Rent Multiplier: 11.57
  • Gross Scheduled Income: $125,352
  • Net Operating Income: $79,855
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $42,737
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 529 W 10Th St

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Property Details for 529 W 10Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 7272008023
  • Year Built Source: Assessor
  • Entry Level: 1
  • 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: Off of 10th and Magnolia
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 529 W 10Th St

View property's historical transactions

  • September, 2024

  • Sep 4, 2024

    Date

    Active

    CRMLS: PW24183703

    $1,450,000

    Price

Tax History for 529 W 10Th St

Assessed Value (2020): $1,224,000
Year Land Value Improved Value Assessed Value
2020 $816,000 $408,000 $1,224,000

Home Value Compared to the Market

This property vs the competition

529 W 10Th St is listed 85.9% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $401 per/sqft which puts the price per square foot 37.93% lower than the median price per square foot for the city of Long Beach.

About 529 W 10Th St

Detailed summary of property

529 W 10Th St is a apartment located in Long Beach, CA 90813 and is currently for sale. This apartment offers 7 bedrooms, 6 bathrooms, roughly 3,616 living square feet, and sits on an approximately 7,816 square foot lot. 529 W 10Th St was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $1,450,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 85.9% higher than the median priced home. Local competing homes currently for sale include 801 Atlantic Ave, 2011 Cedar Ave and 1000 E 10th St. While the average home in Long Beach, CA is selling in 62 days, 529 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 529 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 529 W 10Th St

Public county record property details
Beds
4
Baths
6
Year built
1928
Sq. Ft.
3,616
Lot Size
7,815
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,12
APN
7272-008-023

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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(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.

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