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851 Gladys Ave, Long Beach, CA 90804
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851 Gladys Ave Long Beach, CA 90804

$2,500,000 Sold Price as of 09/16/2022
  • 17 Beds
  • 10 Baths
  • 6,858 Sq.Ft.
Sold
$2,500,000 Sold Price as of 09/16/2022 Refinance Your Mortgage
Map preview of 851 Gladys Ave, Long Beach, CA 90804

Property Overview: 851 Gladys Ave Long Beach, CA has 17 bedrooms, 10 bathrooms, 6,858 living square feet and 6,489 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well kept 9 unit apartment built in 1963 in great Eastside area. Two 1bdr/1bath, six 2bdrm/1 bath, and one 3bdrm/2 bath units. Six garages. Many long term tenants with lower than market rents. Current monthly rents total $12,967 including $300 for garages and $69 for laundry (current rents are based on scheduled rent increases between 7/1/22 through 9/1/22). RentOmeter indicates market rents should total $20,855 per month ($1,663 for 1 bdrms, $2,335 for 2 bedrms, and $3,150 for 3 bdrms) that's a 10.0 GRM. Operating Expenses are estimated. Call Listing Agent for actual operating statements.

Listed by W. Kurt Wood | BRE #00452182 | Belmont Brokerage & Mgmt. INC.
Last checked: 1 minute ago | Last updated: October 7th, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,489
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22148511
City
Long Beach
County
Los Angeles
Time on Site
713 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,663
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $2,335
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,685
  • Total Rent: $1,685
  • Pro Forma/Market Rent: $2,335
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $2,335
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $2,335
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $2,335
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,633
  • Total Rent: $1,633
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $1,663
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,367
  • Total Rent: $1,367
  • Pro Forma/Market Rent: $2,335
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $155,604
  • Net Operating Income: $88,695
  • Gross Operating Income: $150,936
  • Vacancy Allowance: $4,668
Annual Expense Breakdown
  • Total Operating Expense: $62,241
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 851 Gladys Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage Faces Front, Garage Faces Rear
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 7258016013
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: South of E. 10th St, east of Temple
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 851 Gladys Ave

Last sold for $2,500,000 on September 16th, 2022

  • September, 2022

  • Sep 16, 2022

    Date

    Sold

    CRMLS: PW22148511

    $2,500,000

    Price

  • Jul 8, 2022

    Date

    Active

    CRMLS: PW22148511

    $2,525,000

    Price

  • September, 1993

  • Sep 2, 1993

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 851 Gladys Ave

Assessed Value (2020): $622,880
Year Land Value Improved Value Assessed Value
2020 $186,485 $436,395 $622,880

Home Value Compared to the Market

This property vs the competition

851 Gladys Ave sold on September 16, 2022 for 201.31% higher than the current median sold price for the city of Long Beach which is $838,000. The median sold price per/sqft for Long Beach is $664 and this home is sold at $368.18 per/sqft which puts the price per square foot 44.55% lower than the current median sale per square foot for the city of Long Beach.

About 851 Gladys Ave

Detailed summary of property

851 Gladys Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 17 bedrooms, 10 bathrooms, roughly 6,858 living square feet, and sits on an approximately 6,489 square foot lot. 851 Gladys Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $2,500,000. Home in Long Beach are selling for a median price of $838,000 and a median price per square foot of $664. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 201.31% higher than the current median priced home. Local homes that are currently for sale include 435 W 11th St, 1548 W 19th St and 6062 Atlantic Ave. While the average home in Long Beach, CA is selling in 55 days, 851 Gladys Ave has a days on market of 7 days. There are currently 696 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 289 of them are condos and 22 are townhomes. For more information on this home for sale at 851 Gladys 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 851 Gladys Ave

Public county record property details
Beds
17
Baths
9
Year built
1963
Sq. Ft.
6,858
Lot Size
6,502
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
7258-016-013

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
$499,900
Median List Price/Sq.Ft.
$622
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
43
Median Sale to List Price %
99.23%
Avg Days on Market
25
Loan Type
Conventional (53.85%), FHA (7.69%), VA (0%), Cash (15.38%), Other (15.38%)

Thinking of Selling?

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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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