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753 N Washington Pl Long Beach, CA 90813

$460,000 Sold Price as of 08/06/2019

2 Beds
5 Baths
2,164 Sq.Ft.

Sold

$460,000 Sold Price as of 08/06/2019 Refinance Your Mortgage

Map preview of 753 N Washington Pl, Long Beach, CA 90813

Property Overview: 753 N Washington Pl Long Beach, CA has 2 bedrooms, 5 bathrooms, 2,164 living square feet and 4,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity knocks! This 5-unit building is just waiting for the right investor to come and make it new again! There are so many possibilities from: bringing it up to code and upgrading all the way to tearing it down and building a beautiful two-unit beauty. Zoned LBR4R, restoration may be possible - with plans in hand, it's always best to visit the planning dept. This neighborhood and those around it have seen a lot of redevelopment activity. It's conveniently located near shopping and restaurants, DTLB and the 710 freeway. It has walkability score of 88, a transit score of 74 and a bike score of 73.

Listed by Santiago Ogradon Cortes | BRE #01808007 | Keller Williams Coastal Prop.

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft: 4,002
HOA Dues: $0/mo
Year built: 1918
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW19082310
City: Long Beach
County: Los Angeles
Time on Site: 1396 days

Property Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1
# of Leased Units: 5

Unit Breakdown 1

# of Units: 2
# of Beds: 0
# of Baths: 1
Actual Rent: $900
Total Rent: --

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $750
Total Rent: --

Unit Breakdown 3

# of Units: 2
# of Beds: 1
# of Baths: 1
Actual Rent: $1,100
Total Rent: --

Property Income/Expense Information

Property Income and Analysis

Cap Rate: 6%
Gross Rent Multiplier: --
Gross Scheduled Income: $57,000
Net Operating Income: --
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: --
Electric: $3,200
Trash: $500
Insurance: $2,290
Maintenance: $600
Professional Management: $4,920
Water/Sewer: $2,000

Property Details for 753 N Washington Pl

Interior Features

Laundry Information

None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 1

Lot Information

Lot Features: Corner Lot, Near Public Transit
Lot Size Source: Assessor

Property Information

Total # of Units: 5
Parcel Number: 7274020028
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Water Source: Public

Location / Neighborhood

Location Information

Directions: 7th Street to Washington Pl., go north 1 block (on SW corner)

View more facts & features

Local Long Beach Agent

Sale History for 753 N Washington Pl

Last sold for $460,000 on August 6th, 2019

August, 2019
Aug 6, 2019

Date

Sold

CRMLS: PW19082310

$460,000

Price
Jul 1, 2019

Date

Pending

CRMLS: PW19082310

$599,000

Price
May 8, 2019

Date

Active Under Contract

CRMLS: PW19082310

$599,000

Price
Apr 12, 2019

Date

Active

CRMLS: PW19082310

$599,000

Price
August, 2019
Aug 6, 2019

Date

Sold (Public Records)

Public Records

$460,000

Price

Tax History for 753 N Washington Pl

Assessed Value (2020): $920,000

Year	Land Value	Improved Value	Assessed Value
2020	$600,000	$320,000	$920,000

Home Value Compared to the Market

This property vs the competition

753 N Washington Pl sold on August 6, 2019 for 25.12% lower 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 $276.8 per/sqft which puts the price per square foot 56.2% lower than the current median sale per square foot for the city of Long Beach.

About 753 N Washington Pl

Detailed summary of property

753 N Washington Pl is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 2 bedrooms, 5 bathrooms, roughly 2,164 living square feet, and sits on an approximately 4,002 square foot lot. 753 N Washington Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $460,000. 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 25.12% lower than the current median priced home. Local homes that are currently for sale include 289 S Mount Vernon Ave, 3610 Cajon Blvd and 1408 9th St. While the average home in Long Beach, CA is selling in 51 days, 753 N Washington Pl has a days on market of 27 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 753 N Washington Pl 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 753 N Washington Pl

Public county record property details

Beds: 5
Baths: 5
Year built: 1918
Sq. Ft.: 2,966
Lot Size: 4,002
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 7274-020-028

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

$570,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$584,000

Median Sold Price/Sq.Ft.

$592

Total Inventory

Median Sale to List Price %

108.35%

Avg Days on Market

Loan Type

Conventional (80%), FHA (10%), VA (10%), 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.