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958 E 2Nd St, Long Beach, CA 90802
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958 E 2Nd St Long Beach, CA 90802

$1,535,000 Sold Price as of 04/01/2022
  • 6 Beds
  • 4 Baths
  • 3,296 Sq.Ft.
Sold
$1,535,000 Sold Price as of 04/01/2022 Refinance Your Mortgage
Map preview of 958 E 2Nd St, Long Beach, CA 90802

Property Overview: 958 E 2Nd St Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,296 living square feet and 2,288 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to announce our most recent listing in Alamitos Beach only 3 blocks from the water. Although this property has been fully renovated, there is operational upside in rents as current ownership has not kept up with the market. The property is comprised of two 1 bedroom units and two 2 bedroom units which were converted from 1 bedroom units in the years passed. Investors looking for a solid B+ location with minimal differed maintained, look no further.

Listed by Jonathan Weir | BRE #02038545 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: April 1st, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
2,288
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22122563
City
Long Beach
County
Los Angeles
Time on Site
863 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.07
  • Gross Scheduled Income: --
  • Net Operating Income: $50,918
  • Gross Operating Income: $93,808
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 958 E 2Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 7265001024
Location / Neighborhood
Location Information
  • Directions: 2nd Street & Bonito Avenue
View more facts & features

Local Long Beach Agent

Sale History for 958 E 2Nd St

Last sold for $1,535,000 on April 1st, 2022

  • April, 2022

  • Apr 1, 2022

    Date

    Sold

    CRMLS: 22122563

    $1,535,000

    Price

  • Jan 31, 2022

    Date

    Active

    CRMLS: 22122563

    $1,475,000

    Price

  • May, 2016

  • May 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,130,500

    Price

  • August, 2015

  • Aug 4, 2015

    Date

    Sold (Public Records)

    Public Records

    $780,000

    Price

Show More

Tax History for 958 E 2Nd St

Assessed Value (2020): $1,223,668
Year Land Value Improved Value Assessed Value
2020 $541,216 $682,452 $1,223,668

Home Value Compared to the Market

This property vs the competition

958 E 2Nd St sold on April 1, 2022 for 65.36% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $447.51 per/sqft which puts the price per square foot 32.09% lower than the current median sale per square foot for the city of Long Beach.

About 958 E 2Nd St

Detailed summary of property

958 E 2Nd St is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,296 living square feet, and sits on an approximately 2,288 square foot lot. 958 E 2Nd St was first listed on ArdentRealEstateGroup.com on January 31, 2022. The homeowner sold the property for $1,535,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 65.36% higher than the current median priced home. Local homes that are currently for sale include 1825 Cherry Ave, 2073 Locust Ave and 720 Coronado Ave. While the average home in Long Beach, CA is selling in 51 days, 958 E 2Nd St has a days on market of 22 days. There are currently 696 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 279 of them are condos and 20 are townhomes. For more information on this home for sale at 958 E 2Nd St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 958 E 2Nd St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
3,296
Lot Size
2,581
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
7265-001-024

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$580
Total Inventory
143
Median Sale to List Price %
90.91%
Avg Days on Market
58
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (21.43%), Other (10.71%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 958 E 2Nd St

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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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