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733 Maine Ave Long Beach, CA 90813

$1,905,000 Sold Price as of 12/30/2020

7 Beds
11 Baths
6,337 Sq.Ft.

Sold

$1,905,000 Sold Price as of 12/30/2020 Refinance Your Mortgage

Map preview of 733 Maine Ave, Long Beach, CA 90813

Property Overview: 733 Maine Ave Long Beach, CA has 7 bedrooms, 11 bathrooms, 6,337 living square feet and 10,474 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Court is set. The list price is the minimum acceptable bid price. Agents please see private remarks for additional information. 12-unit apartment building with great upside potential. Unit mix is 7 1 Bedrooms & 1 Bath, 5 Singles Building square footage is 6,337 situated on 10,474 square foot lot. Located in Drake Park/Willmore City historic district neighborhood of Long Beach and close proximity to Downtown Long Beach. Probate sale, court confirmation is required.

Listed by Nancy Sanborn | BRE #00771096 | Berkshire Hathaway HomeServices California
Co-listed by Brian Joy | BRE #01324371 | Berkshire Hathaway HomeServices California

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 10,474
HOA Dues: $0/mo
Year built: 1970
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20639916
City: Long Beach
County: Los Angeles
Time on Site: 1450 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 12
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 5
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $4,877
Total Rent: $4,877
Pro Forma/Market Rent: $4,877

Unit Breakdown 2

# of Units: 4
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,441
Total Rent: $3,441
Pro Forma/Market Rent: $3,441

Unit Breakdown 3

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,150

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12.73
Gross Scheduled Income: --
Net Operating Income: $93,564
Gross Operating Income: $125,616

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 733 Maine Ave

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport, Parking Space

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 12
Parcel Number: 7271023003

Location / Neighborhood

Location Information

Directions: North of 7th Street, West of Magnolia Ave.

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Local Long Beach Agent

Sale History for 733 Maine Ave

Last sold for $1,905,000 on December 30th, 2020

December, 2020
Dec 30, 2020

Date

Sold

CRMLS: 20639916

$1,905,000

Price
Dec 3, 2020

Date

Pending

CRMLS: 20639916

$2,000,750

Price
Oct 24, 2020

Date

Price Change

CRMLS: 20639916

$2,000,750

Price
Oct 14, 2020

Date

Active Under Contract

CRMLS: 20639916

$1,600,000

Price
Sep 30, 2020

Date

Active

CRMLS: 20639916

$1,600,000

Price
December, 2020
Dec 30, 2020

Date

Sold (Public Records)

Public Records

$1,905,000

Price
August, 2007
Aug 15, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 733 Maine Ave

Assessed Value (2020): $1,202,234

Year	Land Value	Improved Value	Assessed Value
2020	$780,675	$421,559	$1,202,234

Home Value Compared to the Market

This property vs the competition

733 Maine Ave sold on December 30, 2020 for 144.29% 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 $315.73 per/sqft which puts the price per square foot 49.73% lower than the current median sale per square foot for the city of Long Beach.

About 733 Maine Ave

Detailed summary of property

733 Maine Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 7 bedrooms, 11 bathrooms, roughly 6,337 living square feet, and sits on an approximately 10,474 square foot lot. 733 Maine Ave was first listed on ArdentRealEstateGroup.com on September 30, 2020. The homeowner sold the property for $1,905,000. 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 144.29% higher than the current median priced home. Local homes that are currently for sale include 1817 E 3rd St, 1724 Cherry Ave and 1512 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 733 Maine Ave has a days on market of 13 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 733 Maine Ave 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 733 Maine Ave

Public county record property details

Beds: 5
Baths: 12
Year built: 1970
Sq. Ft.: 6,337
Lot Size: 10,474
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 7271-023-003

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

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.