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829 N Washington Pl, Long Beach, CA 90813
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829 N Washington Pl Long Beach, CA 90813

$985,000 Sold Price as of 05/12/2020
  • 11 Beds
  • 4 Baths
  • 3,470 Sq.Ft.
Sold
$985,000 Sold Price as of 05/12/2020 Refinance Your Mortgage
Map preview of 829 N Washington Pl, Long Beach, CA 90813

Property Overview: 829 N Washington Pl Long Beach, CA has 11 bedrooms, 4 bathrooms, 3,470 living square feet and 6,264 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 829 N. Washington Place is a four-unit invesment asset in a desirable Long Beach location just North of East Village Arts District, minutes to Downtown Long Beach amenities and employment opportunities. The property offers a mix of two-bedroom, three-bedroom and four-bedroom units. Each unit has a separate water heater and building is individually metered for gas and electric. The property is overparked, giving a new owner the opportunity to rent spaces to neighboring tenants for additional income. Offered at a solid 4.35% cap rate on in-place rents, the property provides potential rental upside of +/-23% and gives an investor the opportunity to own an attractive asset in an expanding rental market just outside of Downtown Long Beach. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
6,264
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20059880
City
Long Beach
County
Los Angeles
Time on Site
1520 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,925
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,481
  • Total Rent: $2,962
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,224
  • Net Operating Income: $46,780
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $25,633
  • Electric: $750
  • Gas/Fuel: $750
  • Licenses: $500
  • New Taxes: $13,875
  • Trash: $750
  • Gardener: $600
  • Insurance: $1,388
  • Maintenance: $1,500
  • Professional Management: $3,621
  • Water/Sewer: $750
  • Other Expenses: $700
  • Other Expense Description: Reserves

Property Details for 829 N Washington Pl

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7274021025
  • 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: Other (OTHR)
  • Other Subdivision Name: East Village Arts District
  • Directions: E 7th St & Atlantic Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 829 N Washington Pl

Last sold for $985,000 on May 12th, 2020

  • May, 2020

  • May 13, 2020

    Date

    Sold

    CRMLS: PW20059880

    $985,000

    Price

  • Mar 19, 2020

    Date

    Active

    CRMLS: PW20059880

    $1,075,000

    Price

  • May, 2020

  • May 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $985,000

    Price

  • August, 2017

  • Aug 17, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 829 N Washington Pl

Assessed Value (2020): $817,129
Year Land Value Improved Value Assessed Value
2020 $573,052 $244,077 $817,129

Home Value Compared to the Market

This property vs the competition

829 N Washington Pl sold on May 12, 2020 for 31.26% 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 $309.8 per/sqft which puts the price per square foot 50.67% lower than the current median sale per square foot for the city of Long Beach.

About 829 N Washington Pl

Detailed summary of property

829 N Washington Pl is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 11 bedrooms, 4 bathrooms, roughly 3,470 living square feet, and sits on an approximately 6,264 square foot lot. 829 N Washington Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $985,000. 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 31.26% higher than the current median priced home. Local homes that are currently for sale include 2030 E Spaulding Way, 1509 N Stanton Pl and 1348 E Wesley Dr. While the average home in Long Beach, CA is selling in 62 days, 829 N Washington Pl has a days on market of 18 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 829 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 829 N Washington Pl

Public county record property details
Beds
4
Baths
4
Year built
1910
Sq. Ft.
3,470
Lot Size
6,264
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7274-021-025

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%)

Thinking of Selling?

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(714) 706-1823

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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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