963 Alamitos Ave, Long Beach, CA 90813
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963 Alamitos Ave Long Beach, CA 90813

$700,000 Sold Price as of 07/13/2022
  • 0 Beds
  • 1 Baths
  • 2,355 Sq.Ft.
Sold
$700,000 Sold Price as of 07/13/2022 Refinance Your Mortgage

Map preview of 963 Alamitos Ave, Long Beach, CA 90813

Property Overview: 963 Alamitos Ave Long Beach, CA has -- bedrooms, 1 bathrooms, 2,355 living square feet and 4,095 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.

Listed by Anthony Walker | BRE #01908153 | Buckingham Investments, Inc
Last checked: 6 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
4,095
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Business
Status
Sold
MLS#
SB22039668
City
Long Beach
County
Los Angeles
Time on Site
809 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
  • # of Leased Units: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $3,500
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 963 Alamitos Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 7274023003
  • Year Built Source: Public Records
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On South Side of Street
View more facts & features

Local Long Beach Agent

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Sale History for 963 Alamitos Ave

Last sold for $700,000 on July 13th, 2022
  • March, 2022

  • Mar 23, 2022

    Date

    Active Under Contract

    CRMLS: SB22039668

    $700,000

    Price

Tax History for 963 Alamitos Ave

Assessed Value (2020): $79,522
Year Land Value Improved Value Assessed Value
2020 $18,351 $61,171 $79,522

Home Value Compared to the Market

This property vs the competition

963 Alamitos Ave sold on July 13, 2022 for 12.5% lower 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 $297.24 per/sqft which puts the price per square foot 52.97% lower than the current median sale per square foot for the city of Long Beach.

About 963 Alamitos Ave

Detailed summary of property

963 Alamitos Ave is a business that recently sold in Long Beach, CA 90813. This business offered -- bedrooms, 1 bathrooms, roughly 2,355 living square feet, and sits on an approximately 4,095 square foot lot. 963 Alamitos Ave was first listed on ArdentRealEstateGroup.com on March 1, 2022. The homeowner sold the property for $700,000. 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 12.5% lower than the current median priced home. Local homes that are currently for sale include 1655 W Florence Ave, 889 E Vernon Ave and 6411 Whittier Blvd. While the average home in Long Beach, CA is selling in 51 days, 963 Alamitos Ave has a days on market of 22 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 963 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 963 Alamitos Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
2,355
Lot Size
4,094
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
2,19-20
APN
7274-023-003

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.