6546 Indiana Ave, Long Beach, CA 90805
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6546 Indiana Ave Long Beach, CA 90805

$3,800,000 Sold Price as of 10/28/2019
  • 25 Beds
  • 19 Baths
  • 12,120 Sq.Ft.
Sold
$3,800,000 Sold Price as of 10/28/2019 Refinance Your Mortgage

Map preview of 6546 Indiana Ave, Long Beach, CA 90805

Property Overview: 6546 Indiana Ave Long Beach, CA has 25 bedrooms, 19 bathrooms, 12,120 living square feet and 13,012 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Park Plaza is an 18-unit multifamily investment property located at 6546 Indiana Ave. Long Beach, CA, centrally located and just a few blocks from both the City of Lakewood and City of Bellflower. The building is comprised of (1) 3bd/2bth unit, (5) 2bd/1bth units, and (12) 1bd/1bth units. The building also features 18 single car garages, all new vinyl windows in every unit, small courtyard, and onsite laundry facilities. This building is priced to sell at $221,944 per unit and offers immediate rental upside for a new buyer. The building is located on a primarily residential street, and across from Romona Park and the newer Romana Multi-Family Senior development built in 2014.

Listed by Spencer Pabst | BRE #01849377 | Pabst, Kinney & Associates
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
13,012
HOA Dues
$0/mo
Year built
1961
Garage
18 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19183417
City
Long Beach
County
Los Angeles
Time on Site
1383 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Leased Units: 18
  • # of Electric Meters: 19
  • # of Gas Meters: 19
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,570
  • Total Rent: $1,570
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,130
  • Total Rent: $17,530
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,045
  • Total Rent: $19,620
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $20,745
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $630
  • Total Rent: $21,275
  • Pro Forma/Market Rent: $925
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $5,745
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $7,090
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $8,315
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 10
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $10,705
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 11
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,155
  • Total Rent: $13,015
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,135
  • Total Rent: $14,150
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 13
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $16,400
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $259,200
  • Net Operating Income: $259,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 6546 Indiana Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, 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: 18
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 7120018033
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Lakewood Blvd. to Artesia to Indiana Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 6546 Indiana Ave

Last sold on September 2nd, 2020
  • September, 2020

  • Sep 2, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2019

  • Oct 29, 2019

    Date

    Sold

    CRMLS: PW19183417

    $3,800,000

    Price

  • Sep 18, 2019

    Date

    Pending

    CRMLS: PW19183417

    $3,998,000

    Price

  • Sep 3, 2019

    Date

    Active Under Contract

    CRMLS: PW19183417

    $3,998,000

    Price

  • Aug 1, 2019

    Date

    Active

    CRMLS: PW19183417

    $3,998,000

    Price

  • October, 2019

  • Oct 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,800,000

    Price

Show More

Tax History for 6546 Indiana Ave

Assessed Value (2020): $3,804,100
Year Land Value Improved Value Assessed Value
2020 $650,000 $3,154,100 $3,804,100

Home Value Compared to the Market

This property vs the competition

6546 Indiana Ave sold on October 28, 2019 for 399.75% 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 $329.87 per/sqft which puts the price per square foot 47.81% lower than the current median sale per square foot for the city of Long Beach.

About 6546 Indiana Ave

Detailed summary of property

6546 Indiana Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 25 bedrooms, 19 bathrooms, roughly 12,120 living square feet, and sits on an approximately 13,012 square foot lot. 6546 Indiana Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $3,800,000. 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 399.75% higher than the current median priced home. Local homes that are currently for sale include 208 Granada Ave, 5121 E Ocean Blvd and 825 E 108th St. While the average home in Long Beach, CA is selling in 54 days, 6546 Indiana Ave has a days on market of 33 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 6546 Indiana Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 6546 Indiana Ave

Public county record property details
Beds
--
Baths
19
Year built
1961
Sq. Ft.
12,120
Lot Size
13,011
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7120-018-033

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$679,999
Median List Price/Sq.Ft.
$537
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
60
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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.