For Sale
(MLS-listed)
$1,675,000
1620 East 2ND St Long Beach, CA 90802
| Beds: | 13 |
| Baths: | 8 |
| Sq. Ft.: | 8,497 |
| $/Sq. Ft.: | $197 |
| Lot Size: | 8,272 Sq. Ft. |
| Property Type: | Multi-Family |
| Style: | Spanish |
| Year Built: | 1927 |
| Community: | Downtown Area/Alamitos Beach |
| County: | Los Angeles |
| MLS#: | P822236 |
| Source: | CRMLS |
| Status: | Active |
| On Redfin: | 8 days |
THIS PROPERTY IS A CLASSIC SPANISH 8-UNIT IN A GREAT RENTAL AREA OF LONG BEACH, JUST 2 BLOCKS TO THE OCEAN. THE MIX HAS FIVE 2 BEDROOM UNITS AND THREE 1 BEDROOMS + 5 SINGLE GARAGES. THIS PROPERTY HAS HAD MANY UPGRADES AND IS IN VERY NICE CONDIITON. FEATURES INCLUDE HARDWOOD FLOORS, UPGRADED KITCHENS WITH TILE AND DISHWASHERS, TILE BATHROOMS, SEPERATE METERS, ORIGINAL MOLDING, NICE LANDSCAPING, AND MORE. ALSO, NO RENT CONTROL HERE AND LOTS OF UPSIDE POTENTIAL ON RENTS. NOTE: 2 OF THE GARAGES GO WITH 2 OF THE UNITS, THE OTHER 3 COULD BRING IN ANOTHER $50 OR MORE PER MONTH EACH. THERE IS ALSO SOME LAUNDRY INCOME THAT THAT WILL PROBABLY BRING IN ANOTHER $50 PER MO (NOT INCLUDED IN THE GSI BELOW).
Parking Information
- # of Parking Spaces (Total): 5
Property Features
- ADA Compliant
Unit 2 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,675
- Monthly Rent (Total): $1,675
Unit 5 Information
- Number: 1
- # of Beds: 1
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,050
- Monthly Rent (Total): $1,050
Unit 8 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,545
- Monthly Rent (Total): $1,545
Property Information
- Attached
- Land Ownership: Fee Simple
- Square Footage Source: Public Records
- Tax Parcel Number: 7265013008
Listing Information
- Special Conditions: Standard Sale
- Listing Terms: Cash
- Listing Terms: Cash To Existing Loan
- Listing Terms: Cash To New Loan
- Listing Terms: Owner May Carry
Building Information
- Ground Level Entry (No Steps)
- Other Exterior (See Remarks)
- Builders Tract Name: Alamitos Beach
- Builders Tract Code: AB
Multi-Family Information
- # of Buildings: 1
- # of Electric Meters: 9
- # of Gas Meters: 9
- # of Water Meters: 1
Unit 3 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,500
- Monthly Rent (Total): $1,500
Unit 6 Information
- Number: 1
- # of Beds: 1
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,050
- Monthly Rent (Total): $1,050
Lot Information
- Lot Size (Sq. Ft.): 8,272
- Lot Size Source: Public Records
Financial Information
- Capitalization Rate (%): 5.53
- Net Operating Income: $92,568
- Monthly Gross Income: $11,060
- Actual Gross Annual Income: $132,720
- Gross Scheduled Income: $132,240
- Gross Rent Multiplier: 12.67
- No Private Transfer Taxes
Community Features
- Units in Complex (Total): 8
Unit 1 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,675
- Monthly Rent (Total): $1,675
Unit 4 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,475
- Monthly Rent (Total): $1,475
Unit 7 Information
- Number: 1
- # of Beds: 1
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,050
- Monthly Rent (Total): $1,050
Location Information
- Cross Streets: 2nd and Gaviota
- Driving Directions: PROPERTY IS ON THE SOUTH SIDE OF THE STREET BETWEEN GAVIOTA AND FALCON, JUST 2 SHORT BLOCKS TO THE OCEAN.
- Tax Area: 5500
- Legal Block #: 65
- Legal Lot #: 8
Expense Information
- Operating: $39,672
Listing last changed
May 18, 2012, 2:08 PM
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Property History for 1620 East 2ND St
| Date | Event | Price | Appreciation | Source | ||
|---|---|---|---|---|---|---|
| May 16, 2012 | Listed (Active) | $1,675,000 | -- | CRMLS #P822236 | ||
| Oct 21, 2003 | Sold (Public Records) | $1,550,000 | 48.9%/yr | Public Records | ||
| Oct 28, 2002 | Sold (Public Records) | $1,050,000 | -- | Public Records | ||
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Public Facts for 1620 East 2ND St
| Beds: | 13 |
| Baths: | 8.0 |
| Finished Sqft: | 8,497 |
| Unfinished Sqft: | - |
| Total Sqft: | 8,497 |
| Floors: | - |
| Lot Size: | 8,272 |
| Style: | Multi-Family (5+ Unit) |
| Year Built: | 1927 |
| Year Renovated: | 1927 |
| County: | Los Angeles County |
| APN: | 7265013008 |
| Last Updated: | May 4, 2012 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $1,000,000 |
| Additions | $365,000 |
| Total | $1,365,000 |
| Tax (2011) | $16,564 |
Home Value Estimates for 1620 East 2ND St
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Schools near 1620 East 2ND St, Long Beach, CA 90802
Select a school to view the school's parent reviews, programs and more. Showing up to five closest schools for each grade level.
Elementary Schools
| School Name | Type | GreatSchools Ratings | Parent Rating | Distance* | Nearby Homes |
|---|---|---|---|---|---|
| Luther Burbank Elementary School | Public |
|
|
0.58 mi | Map It |
| St Anthony Elementary School | Catholic |
|
|
0.71 mi | Map It |
| Long Beach Montessori School | Private |
|
|
0.79 mi | Map It |
| Robert L Stevenson Elementary School | Public |
|
|
0.80 mi | Map It |
| Abraham Lincoln Elementary School | Public |
|
|
1.00 mi | Map It |
Middle Schools
| School Name | Type | GreatSchools Ratings | Parent Rating | Distance* | Nearby Homes |
|---|---|---|---|---|---|
| Benjamin Franklin Middle School | Public |
|
|
0.57 mi | Map It |
| St Anthony Elementary School | Catholic |
|
|
0.71 mi | Map It |
| Constellation Community Middle School | Public |
|
|
0.79 mi | Map It |
| First Baptist Church School | Private |
|
|
1.45 mi | Map It |
| Jefferson Leadership Academy | Public |
|
|
1.46 mi | Map It |
High Schools
| School Name | Type | GreatSchools Ratings | Parent Rating | Distance* | Nearby Homes |
|---|---|---|---|---|---|
| St Anthony High School | Catholic |
|
|
0.79 mi | Map It |
| Renaissance High School - Arts | Public |
|
|
1.25 mi | Map It |
| First Baptist Church School | Private |
|
|
1.45 mi | Map It |
| Long Beach Polytechnic High School | Public |
|
|
1.59 mi | Map It |
| Paal Academy | Public |
|
|
1.71 mi | Map It |
* Living near this school does not guarantee enrollment. Please contact the school directly to determine enrollment requirements.
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