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548 Nebraska Ave, Long Beach, CA 90802
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548 Nebraska Ave Long Beach, CA 90802

$1,560,000 Sold Price as of 10/04/2021
  • 9 Beds
  • 5 Baths
  • 4,768 Sq.Ft.
Sold
$1,560,000 Sold Price as of 10/04/2021 Refinance Your Mortgage
Map preview of 548 Nebraska Ave, Long Beach, CA 90802

Property Overview: 548 Nebraska Ave Long Beach, CA has 9 bedrooms, 5 bathrooms, 4,768 living square feet and 7,428 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this 4-unit in North Alamitos Beach, blocks from Long Beach’s Retro Row! Priced at a 4.1% CAP rate at $1,600,000 this property boasts an impressive mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Settled on a 7,428 sqft lot, there is a detached 5 spot parking garage for additional income or potential to add an ADU with room still available for surface parking. There is also a laundry room for additional income. Pride in ownership is shown with multiple capital improvements completed - including roof, termite repair and paint. This building is all electric and has low operating expenditures for the new owner. Don’t miss out on this amazing investment opportunity!

Listed by Sophie Shoemake | BRE #02143044 | Alden Pacific Investments, Inc.
Co-listed by John Alden | BRE #02114291 | Alden Pacific Investments, Inc.
Last checked: 10 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
7,428
HOA Dues
$0/mo
Year built
1967
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB21150101
City
Long Beach
County
Los Angeles
Time on Site
1026 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,667
  • Total Rent: $2,667
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,936
  • Total Rent: $1,936
  • Pro Forma/Market Rent: $2,140
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,936
  • Total Rent: $1,936
  • Pro Forma/Market Rent: $2,140
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,140
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 15.22
  • Gross Scheduled Income: $105,108
  • Net Operating Income: $66,137
  • Gross Operating Income: $101,979
  • Vacancy Allowance: $3,128
  • Laundry Income: $70
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $35,842
  • Electric: $905
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,600
  • Water/Sewer: $3,641

Property Details for 548 Nebraska Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Common Roof
  • Has Fence
  • Good Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7266017028
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: South of 7th Street off Nebraska Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 548 Nebraska Ave

Last sold for $1,560,000 on October 4th, 2021

  • March, 2024

  • Mar 24, 2024

    Date

    Expired

    CRMLS: IV24032938

    $2,595

    Price

  • Feb 15, 2024

    Date

    Active

    CRMLS: IV24032938

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom 1.5 bathroom unit in a 4 unit complex. Home features private back patio, community laundry room, and one car garage. Close to shopping and restaurants.

  • November, 2021

  • Nov 20, 2021

    Date

    Expired

    CRMLS: IV21220852

    $2,395

    Price

  • Oct 5, 2021

    Date

    Active

    CRMLS: IV21220852

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated 2 bedroom 1.5 bathroom unit in a 4 unit complex. Home features private back patio, community laundry room, and one car garage. Close to shopping and restaurants.

  • August, 2021

  • Aug 30, 2021

    Date

    Pending

    CRMLS: SB21150101

    $1,600,000

    Price

  • Jul 10, 2021

    Date

    Active

    CRMLS: SB21150101

    $1,600,000

    Price

  • September, 2000

  • Sep 22, 2000

    Date

    Sold (Public Records)

    Public Records

    $500

    Price

Show More

Tax History for 548 Nebraska Ave

Assessed Value (2020): $357,527
Year Land Value Improved Value Assessed Value
2020 $89,549 $267,978 $357,527

Home Value Compared to the Market

This property vs the competition

548 Nebraska Ave sold on October 4, 2021 for 100% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $335.57 per/sqft which puts the price per square foot 46.9% lower than the current median sale per square foot for the city of Long Beach.

About 548 Nebraska Ave

Detailed summary of property

548 Nebraska Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,768 living square feet, and sits on an approximately 7,428 square foot lot. 548 Nebraska Ave was first listed on ArdentRealEstateGroup.com on July 10, 2021. The homeowner sold the property for $1,560,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 100% higher than the current median priced home. Local homes that are currently for sale include 1013 Locust Ave, 720 Coronado Ave and 1044 Cedar Ave. While the average home in Long Beach, CA is selling in 54 days, 548 Nebraska Ave has a days on market of 36 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 548 Nebraska Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 548 Nebraska Ave

Public county record property details
Beds
9
Baths
7
Year built
1967
Sq. Ft.
4,768
Lot Size
7,427
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
7266-017-028

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
124
Median Sale to List Price %
96.19%
Avg Days on Market
34
Loan Type
Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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.

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