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

$1,525,000 Sold Price as of 12/22/2020
  • 12 Beds
  • 12 Baths
  • 5,574 Sq.Ft.
Sold
$1,525,000 Sold Price as of 12/22/2020 Refinance Your Mortgage
Map preview of 936 N Washington Pl, Long Beach, CA 90813

Property Overview: 936 N Washington Pl Long Beach, CA has 12 bedrooms, 12 bathrooms, 5,574 living square feet and 5,605 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This newer apartment building of 1986 offers 6 units of 2-bedrooms and 2-bathrooms each with tremendous upside potentials because the current rents are substantially below fair market rents.  Tenants are stable, of which two have stayed for a decade.  With brand new exterior paint, this property features 7 electric meters, and 7 gas meters, plus a lot of recent updates including but not limited to new decking, new flooring, new railings, and new fence. 3 of the 6 units have been updated recently, of which 2 with new granite countertop, and 1 with tiled countertop, new cabinets, new flooring, and new interior paints. Act fast and snap up this centrally located apartment in the rapidly growing city of Long Beach.

Listed by Kea Luu | BRE #01170210 | Keystar Realty
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
5,605
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
AR20198472
City
Long Beach
County
Los Angeles
Time on Site
1331 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,240
  • Net Operating Income: $88,107
  • Gross Operating Income: $112,437
Annual Expense Breakdown
  • Total Operating Expense: $24,330
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 936 N Washington Pl

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7274022002
  • 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: Downtown (DT)
  • Directions: SOUTH OF 10TH STREET/ WEST OF MARTIN LUTHER KING
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 936 N Washington Pl

Last sold for $1,525,000 on December 22nd, 2020

  • December, 2020

  • Dec 22, 2020

    Date

    Sold

    CRMLS: AR20198472

    $1,525,000

    Price

  • Dec 11, 2020

    Date

    Active Under Contract

    CRMLS: AR20198472

    $1,650,000

    Price

  • Dec 10, 2020

    Date

    Active

    CRMLS: AR20198472

    $1,650,000

    Price

  • Nov 24, 2020

    Date

    Active Under Contract

    CRMLS: AR20198472

    $1,650,000

    Price

  • Sep 30, 2020

    Date

    Active

    CRMLS: AR20198472

    $1,650,000

    Price

  • Sep 27, 2020

    Date

    Active Under Contract

    CRMLS: AR20198472

    $1,650,000

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: AR20198472

    $1,650,000

    Price

  • December, 2020

  • Dec 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,525,000

    Price

  • January, 2004

  • Jan 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

Show More

Tax History for 936 N Washington Pl

Assessed Value (2020): $884,021
Year Land Value Improved Value Assessed Value
2020 $263,904 $620,117 $884,021

Home Value Compared to the Market

This property vs the competition

936 N Washington Pl sold on December 22, 2020 for 106.25% 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 $296.02 per/sqft which puts the price per square foot 53.16% lower than the current median sale per square foot for the city of Long Beach.

About 936 N Washington Pl

Detailed summary of property

936 N Washington Pl is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 5,574 living square feet, and sits on an approximately 5,605 square foot lot. 936 N Washington Pl was first listed on ArdentRealEstateGroup.com on September 23, 2020. The homeowner sold the property for $1,525,000. 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 106.25% higher than the current median priced home. Local homes that are currently for sale include 1409 Magnolia Ave, 2529 E 10th St and 1050 Molino Ave. While the average home in Long Beach, CA is selling in 51 days, 936 N Washington Pl has a days on market of 79 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 936 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 936 N Washington Pl

Public county record property details
Beds
12
Baths
6
Year built
1986
Sq. Ft.
5,574
Lot Size
5,604
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7274-022-002

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
34
Median Sale to List Price %
108.35%
Avg Days on Market
23
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.

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