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600 Almond Ave, Long Beach, CA 90802
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600 Almond Ave Long Beach, CA 90802

$1,940,000 Sold Price as of 03/18/2020
  • 13 Beds
  • 12 Baths
  • 7,387 Sq.Ft.
Sold
$1,940,000 Sold Price as of 03/18/2020 Refinance Your Mortgage
Map preview of 600 Almond Ave, Long Beach, CA 90802

Property Overview: 600 Almond Ave Long Beach, CA has 13 bedrooms, 12 bathrooms, 7,387 living square feet and 6,837 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 600 Almond Avenue located in the City of Long Beach. Built in 1964, this 6-unit multifamily property consists of one two bedroom/one bath unit, four two bedroom/two bath units, and one large three bedroom/three bath townhome with attached garage. The property has benefited from extensive, condo-style renovations, featuring custom interiors including new flooring, cabinetry, quartz countertops, vinyl windows and in-unit washer/dryer hookups. 600 Almond Avenue is located South of 7th Street and East of Alamitos Avenue in the highly desirable neighborhood of North Alamitos Beach. The property is just minutes from Franklin Middle School, 4th Street (Retro Row), Museum of Latin American Art, as well as, numerous local shopping and dining options.

Listed by Christopher Arvizu | BRE #01477085 | Centurion Investment Realty & Management
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
6,837
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20003228
City
Long Beach
County
Los Angeles
Time on Site
1378 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,870
  • Total Rent: $6,870
  • Pro Forma/Market Rent: $7,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: 14.56
  • Gross Scheduled Income: $137,040
  • Net Operating Income: $88,910
  • Gross Operating Income: $134,729
  • Vacancy Allowance: $4,111
  • # of Rented Garages: 1
  • Garage Rental Rate: $150
  • Garage Rental Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $45,819
  • Electric: $594
  • New Taxes: $24,938
  • Trash: $0
  • Insurance: $2,955
  • Professional Management: $6,646
  • Water/Sewer: $3,711

Property Details for 600 Almond Ave

Interior Features
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Inside
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: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7266016008
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 7th Street & Almond Avenue
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 600 Almond Ave

Last sold for $1,940,000 on March 18th, 2020

  • March, 2020

  • Mar 19, 2020

    Date

    Sold

    CRMLS: PW20003228

    $1,940,000

    Price

  • Feb 6, 2020

    Date

    Pending

    CRMLS: PW20003228

    $1,995,000

    Price

  • Jan 6, 2020

    Date

    Active

    CRMLS: PW20003228

    $1,995,000

    Price

  • March, 2020

  • Mar 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,940,000

    Price

  • April, 2018

  • Apr 11, 2018

    Date

    Sold

    CRMLS: OC18005561

    $1,900,000

    Price

  • Jan 24, 2018

    Date

    Active Under Contract

    CRMLS: OC18005561

    $1,925,000

    Price

  • Jan 10, 2018

    Date

    Active

    CRMLS: OC18005561

    $1,925,000

    Price

  • Listing provided courtesy of CRMLS

    This pride of ownership property is located in the North Alamitos neighborhood of Long Beach, CA, just minutes away from Downtown. Extensively renovated in 2016, this 2-story building features One (1) - 3 Bed / 2 Bath, Four (4) - 2 Bed / 2 Bath, One (1) - 2 Bed / 1 Bath, and One (1) - Non-Conforming Studio. Each unit has been upgraded within the last three years to include; hardwood/vinyl flooring, stainless steel appliances, cabinets and granite counter-tops. Amenities include; secured garage parking, gated entrance, and washer / dryer hookups in each unit. This prime location off offers tenants convenient access to Downtown Long Beach, boutique shopping and dining, and beautiful beaches along the Pacific Coast. The property operates as a seven (7) unit complex, however, it has six (6) legal, and one (1), non conforming units. New financing is available, however, the property currently has great assumable debt in place. The $1,145,000 Assumable Loan is at 3.63%, fixed until 11/15/2021.

  • April, 2018

  • Apr 10, 2018

    Date

    Sold (Public Records)

    Public Records

    $714,500

    Price

Show More

Tax History for 600 Almond Ave

Assessed Value (2020): $1,929,942
Year Land Value Improved Value Assessed Value
2020 $1,352,520 $577,422 $1,929,942

Home Value Compared to the Market

This property vs the competition

600 Almond Ave sold on March 18, 2020 for 162.5% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $270.07 per/sqft which puts the price per square foot 57.34% lower than the current median sale per square foot for the city of Long Beach.

About 600 Almond Ave

Detailed summary of property

600 Almond Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 7,387 living square feet, and sits on an approximately 6,837 square foot lot. 600 Almond Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,940,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 162.5% higher than the current median priced home. Local homes that are currently for sale include 2507 E 14th St, 1013 Locust Ave and 3100 E Vista St. While the average home in Long Beach, CA is selling in 56 days, 600 Almond Ave has a days on market of 26 days. There are currently 548 homes for sale in the Long Beach real estate market and 310 of them are single family homes while 223 of them are condos and 15 are townhomes. For more information on this home for sale at 600 Almond 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 600 Almond Ave

Public county record property details
Beds
11
Baths
12
Year built
1964
Sq. Ft.
7,387
Lot Size
6,836
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7266-016-008

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.
$632
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
107
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%)

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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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