For Sale
(MLS-listed)
$798,000
916 RAYMOND Ave Long Beach, CA 90804
| Beds: | 8 |
| Baths: | 7 |
| Sq. Ft.: | 4,284 |
| $/Sq. Ft.: | $186 |
| Lot Size: | 6,347 Sq. Ft. |
| Property Type: | Multi-Family |
| Style: | Two Level, Other |
| Year Built: | 1963 |
| Community: | Eastside/Circle Area |
| County: | Los Angeles |
| MLS#: | P702009 |
| Source: | SoCalMLS |
| Status: | Active |
| On Redfin: | 80 days |
First time on market in 32 years! Excellent low vacancy rental area on a quiet street consisting of mostly Craftsman homes. Door entry to courtyard(semi-security). All units are HUGE 2 Bdrm's and 1.75 Baths of appx. 1,100 Sq. Ft each! There is a swimming pool between the apt. bldg and garages. Common Laundry room and 4 garages in rear of lot. Rents are low due to long time owner and long term tenants. Apt. #1 is a Section 8 tenant who's lived there over 20 years! Seller's intent to exchange. Please do not disturb tenants, subject to inspection. Expenses shown are actual. This is an all electric bldg.
Laundry Information
- Community Laundry
- Laundry Equipment Leased
Parking Information
- # of Parking Spaces (Total): 4
- # of Garages: 4
- Garage is Detached
Property Features
- Concrete Slab Patio
Unit 2 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1.75
- Unfurnished
- Monthly Rent: $1,250
- Monthly Rent (Total): $1,250
Lot Information
- Lot Size (Sq. Ft.): 6,347
- Dimensions: 50 X 127
- Lot Size Source: Public Records
- Alley Access
- Paved
- On Alley
Financial Information
- Capitalization Rate (%): 4.84
- Net Operating Income: $38,595
- Monthly Gross Income: $4,400
- Actual Gross Annual Income: $52,800
- Gross Operating Income: $51,216
- Gross Scheduled Income: $52,800
- Laundry Income: $25
- Actual Rent (Total): $4,375
- Actual Annual Gross Rent: $52,800
- Gross Rent Multiplier: 15.11
- No Private Transfer Taxes
- Vacancy Allowance: $1,584
- Vacancy Allowance (%): 3
- Financial Info As Of: Sept.
Heating & Cooling
- Electric Heating
Building Information
- Ground Level Entry (No Steps)
- Stucco Exterior
- Builders Tract Name: Eastside
- Builders Tract Code: ES
Multi-Family Information
- Type of Business: 4 Unit Apt. w/ 4 garages
- # Leased: 1
- # of Buildings: 1
- # of Electric Meters: 5
- # of Gas Meters: 1
- # of Water Meters: 1
- 2 Bedroom Square Footage: 1,071
- Tenant Pays Electricity
Unit 3 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1.75
- Unfurnished
- Monthly Rent: $1,050
- Monthly Rent (Total): $1,050
Location Information
- Cross Streets: 10th & Junipero
- Driving Directions: One street West of Junipero and a half block South of 10th St. Between Junipero & Cherry to the East and West and between 10th & 7th to the North and South.
- Legal Lot #: 7 & 8
Expense Information
- Total Annual: $12,621
- Advertising: $261
- Electric: $1,264
- Gardener: $360
- Insurance: $1,799
- Gas: $256
- Licenses: $402
- Maintenance: $3,356
- Management: $1,200
- Operating: $12,621
- Other: $402
- Pool: $1,093
- Supplies: $146
- Tax: $8,800
- Trash: $828
- Water: $1,254
Utility Information
- Sewer In, Connected & Paid
- District/Public Water
Community Features
- Units in Complex (Total): 4
Unit 1 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1.75
- Unfurnished
- Monthly Rent: $1,000
- Monthly Rent (Total): $1,000
Unit 4 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1.75
- Unfurnished
- Monthly Rent: $1,075
- Monthly Rent (Total): $1,075
Property Information
- Land Lease Type: Fee
- Square Footage Source: Public Records
- Tax Parcel Number: 7262012005
Listing Information
- MLS: SoCalMLS
- Possession: Close Of Escrow
- Listing Terms: Cash To New Loan
Listing last changed
October 1, 2009, 1:16 PM
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Property History for 916 RAYMOND Ave
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Oct 01, 2009 | Price Changed | $798,000 | -- | SoCalMLS #P702009 |
| Sep 04, 2009 | Listed | $825,000 | -- | SoCalMLS #P702009 |
Public Facts for 916 RAYMOND Ave
| Beds: | 8 |
| Baths: | 8.0 |
| Finished Sqft: | 4284 |
| Unfinished Sqft: | - |
| Total Sqft: | 4284 |
| Floors: | - |
| Lot Size: | 6,347 |
| Style: | Multi-Family (2-4 Unit) |
| Year Built: | 1963 |
| Year Renovated: | - |
| County: | Los Angeles County |
| APN: | 7262012005 |
| Last Updated: | November 18, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $38,013 |
| Additions | $182,983 |
| Total | $220,996 |
| Tax (2008) | $2,860 |
Home Value Estimates for 916 RAYMOND Ave
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