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935 Alamitos Ave Long Beach, CA 90813

$800,000 Sold Price as of 03/09/2020

4 Beds
5 Baths
2,518 Sq.Ft.

Sold

$800,000 Sold Price as of 03/09/2020 Refinance Your Mortgage

Map preview of 935 Alamitos Ave, Long Beach, CA 90813

Property Overview: 935 Alamitos Ave Long Beach, CA has 4 bedrooms, 5 bathrooms, 2,518 living square feet and 8,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft: 8,078
HOA Dues: $0/mo
Year built: 1920
Garage: 1 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19268153
City: Long Beach
County: Los Angeles
Time on Site: 1395 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $1,600
Pro Forma/Market Rent: $1,475

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $950
Total Rent: $950
Pro Forma/Market Rent: $1,750

Unit Breakdown 3

# of Units: 2
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $973
Total Rent: $1,945
Pro Forma/Market Rent: $1,295

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.72%
Gross Rent Multiplier: 17.61
Gross Scheduled Income: $53,940
Net Operating Income: $35,307
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $22,715
Electric: $0
Gas/Fuel: $0
New Taxes: $13,222
Trash: $0
Insurance: $0
Professional Management: $2,901
Water/Sewer: $0

Property Details for 935 Alamitos 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: 1
# of Parking Spaces: 1

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 5
Parcel Number: 7274023006
Year Built Source: Public Records
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Downtown (DT)
Directions: Located on Alamitos Ave near E 10th St.

Neighborhood Information

Community Features: Curbs, Gutters, Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 935 Alamitos Ave

Last sold for $800,000 on March 9th, 2020

March, 2020
Mar 9, 2020

Date

Sold

CRMLS: PW19268153

$800,000

Price
Jan 6, 2020

Date

Pending

CRMLS: PW19268153

$950,000

Price
Dec 11, 2019

Date

Price Change

CRMLS: PW19268153

$950,000

Price
Nov 19, 2019

Date

Active

CRMLS: PW19268153

$1,000,000

Price
March, 2020
Mar 9, 2020

Date

Sold (Public Records)

Public Records

$800,000

Price

Tax History for 935 Alamitos Ave

Assessed Value (2020): $56,586

Year	Land Value	Improved Value	Assessed Value
2020	$25,521	$31,065	$56,586

Home Value Compared to the Market

This property vs the competition

935 Alamitos Ave sold on March 9, 2020 for 18.75% higher 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 $377.28 per/sqft which puts the price per square foot 40.3% lower than the current median sale per square foot for the city of Long Beach.

About 935 Alamitos Ave

Detailed summary of property

935 Alamitos Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 4 bedrooms, 5 bathrooms, roughly 2,518 living square feet, and sits on an approximately 8,078 square foot lot. 935 Alamitos Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $800,000. 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 18.75% higher than the current median priced home. Local homes that are currently for sale include 175 E Pleasant St, 5466 Linden Ave and 59 E 55th St. While the average home in Long Beach, CA is selling in 51 days, 935 Alamitos Ave has a days on market of 31 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 935 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 935 Alamitos Ave

Public county record property details

Beds: 5
Baths: 5
Year built: 1920
Sq. Ft.: 2,518
Lot Size: 8,077
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3,19-20
APN: 7274-023-006

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.