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816 Alamitos Ave, Long Beach, CA 90813
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816 Alamitos Ave Long Beach, CA 90813

$1,299,000 Sold Price as of 06/13/2021
  • 15 Beds
  • 5 Baths
  • 3,498 Sq.Ft.
Sold
$1,299,000 Sold Price as of 06/13/2021 Refinance Your Mortgage
Map preview of 816 Alamitos Ave, Long Beach, CA 90813

Property Overview: 816 Alamitos Ave Long Beach, CA has 15 bedrooms, 5 bathrooms, 3,498 living square feet and 6,538 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Perfectly located this property is only 9 blocks from the Pacific ocean between downtown Long Beach, the East Arts Districts, and Alamitos Beach. The impressive property consists of 3 separate structures: (1) 5BD/1BA house, (1) 4BD/2BA house, and (2) 3BD/1BA units. The 4BD/2BA house was recently renovated and leased. There is a value-add potential at over 15% to market rents. This property is being offered at a CAP rate of 5% and GRM of 12.46 with an upside to achieve a CAP rate of 6.1% and GRM of 10.8. ONE UNIT TO BE DELIVERED VACANT!

Listed by Derek Branch | BRE #02100209 | Alden Pacific Investments, Inc.
Co-listed by John Alden | BRE #02114291 | Alden Pacific Investments, Inc.
Last checked: 2 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
6,538
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21029901
City
Long Beach
County
Los Angeles
Time on Site
1315 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $28,800
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $25,200
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,835
  • Total Rent: $22,020
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,725
  • Total Rent: $32,700
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $108,720
  • Net Operating Income: $67,113
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $38,346
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $1,656
  • Insurance: $1,600
  • Water/Sewer: $4,200

Property Details for 816 Alamitos Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7267025031
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Head north on Alamitos Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 816 Alamitos Ave

Last sold for $1,299,000 on June 13th, 2021

  • June, 2021

  • Jun 14, 2021

    Date

    Sold

    CRMLS: SB21029901

    $1,299,000

    Price

  • Mar 27, 2021

    Date

    Pending

    CRMLS: SB21029901

    $1,399,000

    Price

  • Mar 22, 2021

    Date

    Active

    CRMLS: SB21029901

    $1,399,000

    Price

  • Feb 25, 2021

    Date

    Active Under Contract

    CRMLS: SB21029901

    $1,399,000

    Price

  • Feb 12, 2021

    Date

    Price Change

    CRMLS: SB21029901

    $1,399,000

    Price

  • Feb 12, 2021

    Date

    Price Change

    CRMLS: SB21029901

    $1,390,000

    Price

  • Feb 12, 2021

    Date

    Active

    CRMLS: SB21029901

    $139,000

    Price

  • October, 2017

  • Oct 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • November, 2013

  • Nov 19, 2013

    Date

    Sold (Public Records)

    Public Records

    $685,000

    Price

Show More

Tax History for 816 Alamitos Ave

Assessed Value (2020): $1,145,320
Year Land Value Improved Value Assessed Value
2020 $801,108 $344,212 $1,145,320

Home Value Compared to the Market

This property vs the competition

816 Alamitos Ave sold on June 13, 2021 for 70.82% 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 $399.94 per/sqft which puts the price per square foot 36.31% lower than the current median sale per square foot for the city of Long Beach.

About 816 Alamitos Ave

Detailed summary of property

816 Alamitos Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 15 bedrooms, 5 bathrooms, roughly 3,498 living square feet, and sits on an approximately 6,538 square foot lot. 816 Alamitos Ave was first listed on ArdentRealEstateGroup.com on February 12, 2021. The homeowner sold the property for $1,299,000. 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 70.82% higher than the current median priced home. Local homes that are currently for sale include 1163 Magnolia Ave, 529 W 10th St. and 2624 E 6th St. While the average home in Long Beach, CA is selling in 62 days, 816 Alamitos Ave has a days on market of 42 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 816 Alamitos 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 816 Alamitos Ave

Public county record property details
Beds
9
Baths
7
Year built
1922
Sq. Ft.
3,498
Lot Size
6,481
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
7267-025-031

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
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 816 Alamitos Ave

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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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