1309 E Appleton St

Long Beach, CA 90802

$4,000,000
Last Sold Price
3
Beds
12
Baths
9,288 Sq. Ft.
$431 / Sq. Ft.
9,288
Sq. Ft.
$431
per Sq. Ft.
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Closed 5/25/18
Closed 5/25/18

Description

1309 East Appleton Street is a 12-unit multifamily investment property centrally located in the Alamitos Beach neighborhood of Long Beach, California. The property enjoys easy access to Pacific Coast Highway and California State Route 710, as well as, restaurants, theaters, and entertainment venues. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 square feet. Built in 1957 and renovated in 2017, the property offers an attractive...1309 East Appleton Street is a 12-unit multifamily investment property centrally located in the Alamitos Beach neighborhood of Long Beach, California. The property enjoys easy access to Pacific Coast Highway and California State Route 710, as well as, restaurants, theaters, and entertainment venues. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 square feet. Built in 1957 and renovated in 2017, the property offers an attractive range of in-unit upgrades such as new flooring, paint, and appliances. Common area amenities include garage parking, controlled keypad access, a community barbecue and more.
  1. Listed by Tyler Leeson • DRE #01451551 • Marcus & Millichap RE Invest

Property Details for 1309 East Appleton Street

Parking Spaces Total
6
Private Pool
No
Total Units
12.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
9288
Assessor Parcel Number
7275-011-022
Property Attached YN
false
LISTING UPDATED: 05/25/2018 05:28 AM

Property Details for 1309 East Appleton Street

StatusClosed
MLS #OC17277626
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.19 AC / 8,276 SF
CountyLos Angeles County
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Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Morgan Skenderian, Peter Gillin, DRE #01433769

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Building Information for 1309 East Appleton Street

Stories2Residences-Year Built1957Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

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$25,168 per month

30 year fixed, 6.46% Interest

Principal and Interest

$20,142

Property Taxes

$5,026

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1309 East Appleton Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $267,878
  • Gross Scheduled Income: $267,878
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $260,338
  • Net Operating Income: $174,832
  • Financing: Cash
Expense Details
  • Operating Expense: $85,506
  • New Taxes Expense: $49,109
  • Fuel Expense: $1,700
  • Electric Expense: $1,200
  • Insurance Expense: $5,020
  • Maintenance Expense: $6,000
  • Professional Management Expense: $13,017
  • Other Expense: $7,200
  • Other Expense Description: Other
  • Trash Expense: $460
  • Water Sewer Expense: $1,800
  • Total Expenses: $85,506
Tax / Assessment Info
  • Tax Block: 131
  • Tax Tract Number: 576502
  • Tax Census Tract: 5765.02
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $16,950
  • Unit Type Total Rent: $16,950
  • Unit Type Pro Forma: 17250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $3,995
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 12
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 0

Property History for 1309 East Appleton Street

DateEvent & SourcePriceAppreciation
May 25, 2018

Sold

SDMLS #OC17277626

$4,000,000—
May 25, 2018

Sold

CRMLS #OC17277626

$4,000,000—
May 25, 2018

Sold

CLAW #OC17277626MR

$4,000,000—
Apr 25, 2018

Sold (Public Record)

Public Record #623106225

$4,000,000

+32.3% / yr

Apr 13, 2018

Pending

CLAW #OC17277626MR

—
Apr 13, 2018

Pending

CRMLS #OC17277626

—
Dec 20, 2017

Listed (Active)

CLAW #OC17277626MR

$4,100,000—
Dec 20, 2017

Listed (Active)

SDMLS #OC17277626

$4,100,000—
Dec 20, 2017

Listed (Active)

CRMLS #OC17277626

$4,100,000—
Apr 4, 2016

Sold (Public Record)

Public Record #568083372

$2,250,000

+3.6% / yr

Apr 2, 1990

Sold (Public Record)

Public Record #60517868

$907,500—
Apr 2, 1990

Sold (Public Record)

Public Record #60517865

$454,000—
DateEvent & SourcePrice
05/25/2018

Sold

SDMLS #OC17277626

$4,000,000
05/25/2018

Sold

CRMLS #OC17277626

$4,000,000
05/25/2018

Sold

CLAW #OC17277626MR

$4,000,000
04/25/2018

Sold (Public Record)

Public Record #623106225

$4,000,000

+32.3% / yr

04/13/2018

Pending

CLAW #OC17277626MR

—
04/13/2018

Pending

CRMLS #OC17277626

—
12/20/2017

Listed (Active)

CLAW #OC17277626MR

$4,100,000
12/20/2017

Listed (Active)

SDMLS #OC17277626

$4,100,000
12/20/2017

Listed (Active)

CRMLS #OC17277626

$4,100,000
04/04/2016

Sold (Public Record)

Public Record #568083372

$2,250,000

+3.6% / yr

04/02/1990

Sold (Public Record)

Public Record #60517868

$907,500
04/02/1990

Sold (Public Record)

Public Record #60517865

$454,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1309 East Appleton Street

Taxable ValueLand$3,413,486Additions$1,137,827Total$4,551,313
Tax Record2025$60,314 ($5,026 / month)
Home Facts
Total Finished SqFt9,288 SqFtAbove Grade Finished SqFt9,288 SqFtLot Size8,265 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLBR3SCountyLOS ANGELESAPN7275-011-022

Schools near 1309 East Appleton Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Burbank Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.