Search
935 N Washington Pl, Long Beach, CA 90813
Image 2 for 935 N Washington Pl, Long Beach, CA 90813
Image 3 for 935 N Washington Pl, Long Beach, CA 90813
View Photos

935 N Washington Pl Long Beach, CA 90813

$2,825,000 Sold Price as of 06/27/2022
  • 13 Beds
  • 12 Baths
  • 5,912 Sq.Ft.
Sold
$2,825,000 Sold Price as of 06/27/2022 Refinance Your Mortgage
Map preview of 935 N Washington Pl, Long Beach, CA 90813

Property Overview: 935 N Washington Pl Long Beach, CA has 13 bedrooms, 12 bathrooms, 5,912 living square feet and 6,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 10 Units in two buildings in dense rental market just North of Downtown Long Beach. Recently renovated property including exterior refresh, landscaping, lighting, and windows. 8 out of 10 units have been upgraded with vinyl plank floors, new cabinets, quartz countertops, and new bathrooms. Well priced on actual income at 14.38X gross with a 9% upside to a market GRM of 13.22. Great unit mix of five 2 Bed/1 Bath units, three 1 Bed/1 Bath units, and two studios. Three garages in front of the building with the potential for an ADU conversion. Community laundry room for extra income. Leased solar system on back building for electrical savings. Perfect 1031 exchange upleg property!

Listed by Anthony Walker | BRE #01908153 | Buckingham Investments, Inc
Last checked: 5 minutes ago | Last updated: June 28th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,255
HOA Dues
$0/mo
Year built
1956
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB22082677
City
Long Beach
County
Los Angeles
Time on Site
881 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,770
  • Total Rent: $1,770
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,844
  • Total Rent: $1,844
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,770
  • Total Rent: $1,770
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,699
  • Total Rent: $1,699
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 14.38
  • Gross Scheduled Income: $201,353
  • Net Operating Income: $114,754
  • Gross Operating Income: --
  • Vacancy Allowance: $9,828
  • # of Rented Garages: 3
  • Garage Rental Rate: $100
  • Garage Rental Income: $3,600
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $76,772
  • Electric: $3,043
  • Gas/Fuel: $3,043
  • Licenses: $459
  • New Taxes: $36,188
  • Trash: $3,043
  • Gardener: $2,455
  • Insurance: $4,104
  • Maintenance: $9,576
  • Professional Management: $11,239
  • Water/Sewer: $3,043

Property Details for 935 N Washington Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 7274022015
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: On West side of street
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Long Beach Agent

Sale History for 935 N Washington Pl

Last sold for $2,825,000 on June 27th, 2022

  • June, 2022

  • Jun 27, 2022

    Date

    Sold

    CRMLS: SB22082677

    $2,825,000

    Price

  • Apr 22, 2022

    Date

    Active

    CRMLS: SB22082677

    $2,895,000

    Price

  • January, 2019

  • Jan 16, 2019

    Date

    Sold

    CRMLS: OC18185754

    $2,070,000

    Price

  • Aug 28, 2018

    Date

    Pending

    CRMLS: OC18185754

    $2,100,000

    Price

  • Aug 21, 2018

    Date

    Active Under Contract

    CRMLS: OC18185754

    $2,100,000

    Price

  • Aug 4, 2018

    Date

    Active

    CRMLS: OC18185754

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market at a great price!!! Great investment opportunity in Long Beach. There are two buildings on one parcel. Ten units total: Two studios. Three units with 1 bed/1 bath. Three units with 2 beds/2 bath. Two units with 2 beds/1 bath. Very well kept, does not need improvement. *Solar panels* on back unit. Assumable loan at a great rate.

  • January, 2019

  • Jan 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,504,500

    Price

  • July, 2018

  • Jul 24, 2018

    Date

    Canceled

    CRMLS: PW18063811

    $2,200,000

    Price

  • Jul 23, 2018

    Date

    Withdrawn

    CRMLS: PW18063811

    $2,200,000

    Price

  • Mar 20, 2018

    Date

    Active

    CRMLS: PW18063811

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    *Great Unit Mix of Singles, One & Two-Bedroom Units, *Separately Metered for Gas and Electricity, *Strong Long Beach Rental Market, *True Value Add Opportunity, *Solar Panels, *Gated Entry, *****ASSUMABLE FINANCING AT 4.060%*****

  • December, 2017

  • Dec 1, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,915,000

    Price

Show More

Tax History for 935 N Washington Pl

Assessed Value (2020): $2,112,650
Year Land Value Improved Value Assessed Value
2020 $1,371,900 $740,750 $2,112,650

Home Value Compared to the Market

This property vs the competition

935 N Washington Pl sold on June 27, 2022 for 253.48% 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 $489.68 per/sqft which puts the price per square foot 22.03% lower than the current median sale per square foot for the city of Long Beach.

About 935 N Washington Pl

Detailed summary of property

935 N Washington Pl is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 5,912 living square feet, and sits on an approximately 6,255 square foot lot. 935 N Washington Pl was first listed on ArdentRealEstateGroup.com on April 22, 2022. The homeowner sold the property for $2,825,000. 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 253.48% higher than the current median priced home. Local homes that are currently for sale include 229 Roswell Ave, 3402 Gundry Ave and 3402 Gaviota Ave. While the average home in Long Beach, CA is selling in 62 days, 935 N Washington Pl has a days on market of 13 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 935 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 935 N Washington Pl

Public county record property details
Beds
10
Baths
10
Year built
1956
Sq. Ft.
5,912
Lot Size
6,254
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7274-022-015

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 935 N Washington Pl

Nearby Homes for Sale

1004 E 5th St, Long Beach, CA 90802
$2,300,000
144 Beds
81 Baths
7122 Sq.Ft.
1004 E 5th St
Long Beach, CA 90802
1045 E 4th St, Long Beach, CA 90802
$2,995,000
14 Beds
14 Baths
8720 Sq.Ft.
1045 E 4th St
Long Beach, CA 90802
1517 E 1st St, Long Beach, CA 90802
$2,500,000
7 Beds
7 Baths
5014 Sq.Ft.
1517 E 1st St
Long Beach, CA 90802
1944 E 4th St, Long Beach, CA 90802
$2,490,000
24 Beds
42 Baths
5817 Sq.Ft.
1944 E 4th St
Long Beach, CA 90802
1700 Pacific Ave, Long Beach, CA 90813
$2,448,888
11 Beds
10 Baths
6423 Sq.Ft.
1700 Pacific Ave
Long Beach, CA 90813
441 Dawson Ave, Long Beach, CA 90814
$2,300,000
8 Beds
8 Baths
5237 Sq.Ft.
441 Dawson Ave
Long Beach, CA 90814
733 Daisy Ave, Long Beach, CA 90813
$2,400,000
144 Beds
0 Baths
4759 Sq.Ft.
733 Daisy Ave
Long Beach, CA 90813
3316 E 3rd St, Long Beach, CA 90814
$2,950,000
5 Beds
7 Baths
3516 Sq.Ft.
3316 E 3rd St
Long Beach, CA 90814
1980 Harbor Ave, Long Beach, CA 90810
$2,700,000
25 Beds
10 Baths
8264 Sq.Ft.
1980 Harbor Ave
Long Beach, CA 90810
1548 W 19th St, Long Beach, CA 90810
$2,300,000
19 Beds
9 Baths
7318 Sq.Ft.
1548 W 19th St
Long Beach, CA 90810
386 Mira Mar Ave, Long Beach, CA 90814
$2,549,000
9 Beds
5 Baths
4764 Sq.Ft.
386 Mira Mar Ave
Long Beach, CA 90814
4016 E Wilton, Long Beach, CA 90804
$2,499,999
6 Beds
5 Baths
3346 Sq.Ft.
4016 E Wilton
Long Beach, CA 90804

Recently Sold Homes Near 935 N Washington Pl

936 N Washington Pl, Long Beach, CA 90813
$1,525,000 Last Sold Price
12 Beds
12 Baths
5574 Sq.Ft.
936 N Washington Pl
Long Beach, CA 90813
944 Olive Ave, Long Beach, CA 90813
$1,000,000 Last Sold Price
9 Beds
3 Baths
4616 Sq.Ft.
944 Olive Ave
Long Beach, CA 90813
1000 E 10th St, Long Beach, CA 90813
$1,750,000 Last Sold Price
10 Beds
7 Baths
5340 Sq.Ft.
1000 E 10th St
Long Beach, CA 90813
1030 Myrtle Ave, Long Beach, CA 90813
$1,350,000 Last Sold Price
10 Beds
4 Baths
3040 Sq.Ft.
1030 Myrtle Ave
Long Beach, CA 90813

Related Resources to 935 N Washington Pl

New Listings in 90813
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote