30
W
49th Street,
Long Beach,
California
CA
90805-7711
Sold For: $3,610,000
Listing ID: PW22152787
Price/SqFt:
$415.32
Status:
Closed
Sold Date:
11/18/2022
SqFt:
8,692
Sq Ft
Acres:
0.231
Acres
Subdivision:
Bixby Knolls (BK)
Year Built:
1963
30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.
Primary Features
County:
Los Angeles
Price/SqFt:
415.32
Property Type:
Residential Income
Subdivision:
Bixby Knolls (BK)
Year Built:
1963
Zoning:
LBR1N
Interior
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
2+ Common Walls
Laundry:
yes
Laundry Features:
Common Area
External
Carport Spaces:
12
Lot Features:
11-15 Units/Acre
Lot Size Area:
10076
Lot Size Source:
Assessor
Lot Size Square Feet:
10076
Number Of Buildings:
1
Parking Total:
12
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
6 - Bixby, Bixby Knolls, Los Cerritos
Neighborhood:
North Bixby Knolls
Subdivision Name Other:
Bixby Knolls (BK)
Additional
Additional Parcels:
no
Days On Market:
69
List Agent State License:
01456379
List Office State License:
01499010
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
12
Number Of Units Total:
12
Parcel Number:
7133032048
Year Built Source:
Assessor
Financial
Electric Expense:
1994
Fuel Expense:
1994
Gardener Expense:
960
Gross Operating Income:
262755
Gross Scheduled Income:
270882
Insurance Expense:
7170
Land Lease:
no
Maintenance Expense:
9000
Net Operating Income:
174466
New Taxes Expense:
46166
Operating Expense:
88290
Other Expense:
3000
Other Expense Description:
Reserves
Pest Control Expense:
585
Price Per Unit:
308333
Professional Management Expense:
13138
Rent Control:
yes
Special Listing Conditions:
Standard
Tax Census Tract:
5717.01
Tax Lot:
46
Tax Tract Number:
5717
Total Expenses:
88290
Trash Expense:
1994
Water Sewer Expense:
1994
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 01:45:37 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#IDX-primaryPhoto,#idx-details-header,#IDX-listingMediaLinks
Listed by: RobertStepp, DRE #01456379 from Keller Williams - Santa Monica
{"page":"listing","idxID":"d025","listingID":"PW22152787","extra":"30-W-49th-Street-Long-Beach-CA-90805","type":"detailsContact"}