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826 Euclid Ave Long Beach, CA 90804

$2,050,000 Sold Price as of 10/17/2022

10 Beds
7 Baths
5,438 Sq.Ft.

Sold

$2,050,000 Sold Price as of 10/17/2022 Refinance Your Mortgage

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Map preview of 826 Euclid Ave, Long Beach, CA 90804

Property Overview: 826 Euclid Ave Long Beach, CA has 10 bedrooms, 7 bathrooms, 5,438 living square feet and 5,848 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 826 Euclid Ave is a well-positioned 7-Unit building located on a quiet residential street in East Long Beach. Built in 1954, the 5,438 SF building sits on a 5,848 SF lot, and features (3) 2-bed/1-bath units, and (4) 1-bed/1-bath units. The property also includes (4) single car garages with (3) uncovered spaces and a shared laundry space. The property boasts a 3.37% Cap Rate with a 5.06 Market CAP, and is located near Jefferson Leadership Academy Middle School & Woodrow Wilson High School. Given the ideal location in a desirable city and consistent rental income this building provides, 826 Euclid is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner-user.

Listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 15 minutes ago | Last updated: March 21st, 2023 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft: 5,848
HOA Dues: $0/mo
Year built: 1954
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: SB22172595
City: Long Beach
County: Los Angeles
Time on Site: 776 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1
# of Leased Units: 7
# of Electric Meters: 7
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,680
Total Rent: $1,680
Pro Forma/Market Rent: $2,300

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $1,495
Pro Forma/Market Rent: $2,300

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,695

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,460
Total Rent: $1,460
Pro Forma/Market Rent: $1,650

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,475
Total Rent: $1,475
Pro Forma/Market Rent: $2,300

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,355
Total Rent: $1,355
Pro Forma/Market Rent: $1,650

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,580
Total Rent: $1,580
Pro Forma/Market Rent: $1,650

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $124,140
Net Operating Income: $73,264
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $47,152
Electric: $0
Gas/Fuel: $0
New Taxes: $27,158
Trash: $0
Gardener: $1,200
Insurance: $3,263
Maintenance: $3,724
Professional Management: $6,207
Water/Sewer: $0
Other Expenses: $5,600
Other Expense Description: Utility

Property Details for 826 Euclid Ave

Interior Features

Laundry Information

Has Laundry
Common Area

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: 7
Parcel Number: 7254015032
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: 3 Parcels North of Euclid Ave and E 8th Street

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 826 Euclid Ave

Last sold for $2,050,000 on October 17th, 2022

October, 2022
Oct 17, 2022

Date

Sold

CRMLS: SB22172595

$2,050,000

Price
Aug 6, 2022

Date

Active

CRMLS: SB22172595

$2,175,000

Price
October, 2007
Oct 18, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 826 Euclid Ave

Assessed Value (2020): $169,200

Year	Land Value	Improved Value	Assessed Value
2020	$31,799	$137,401	$169,200

Home Value Compared to the Market

This property vs the competition

826 Euclid Ave sold on October 17, 2022 for 165.57% 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 $399.96 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 826 Euclid Ave

Detailed summary of property

826 Euclid Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 5,438 living square feet, and sits on an approximately 5,848 square foot lot. 826 Euclid Ave was first listed on ArdentRealEstateGroup.com on August 5, 2022. The homeowner sold the property for $2,050,000. 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 165.57% higher than the current median priced home. Local homes that are currently for sale include 268 Park Avenue, 441 Dawson Ave and 1512 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 826 Euclid Ave has a days on market of 17 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 826 Euclid Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 826 Euclid Ave

Public county record property details

Beds: 10
Baths: 7
Year built: 1954
Sq. Ft.: 5,438
Lot Size: 5,848
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 7254-015-032

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$500,000

Median List Price/Sq.Ft.

$622

Median Sold Price

$450,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

97.83%

Avg Days on Market

Loan Type

Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), 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.