1072 East 72nd Street

Long Beach, CA 90805

$750,000
Last Sold Price
4
Beds
2
Baths
1,723 Sq. Ft.
$435 / Sq. Ft.
1,723
Sq. Ft.
$435
per Sq. Ft.

Description

We are pleased to present a two-unit property located at the border of North Long Beach and Paramount. Each unit is a 2-bedroom & 1-bath currently occupied by a tenant. One tenant is paying $1,400 and the other one $1,550 per month; both tenants are on a month-to-month basis. Because its affordable price point, great location, and solid potential for future appreciation and increase in cashflow, this property will trade rapidly.We are pleased to present a two-unit property located at the border of North Long Beach and Paramount. Each unit is a 2-bedroom & 1-bath currently occupied by a tenant. One tenant is paying $1,400 and the other one $1,550 per month; both tenants are on a month-to-month basis. Because its affordable price point, great location, and solid potential for future appreciation and increase in cashflow, this property will trade rapidly.
  1. Listed by Alex Colombo • DRE #01927702 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est

Property Details for 1072 East 72nd Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1723
Assessor Parcel Number
7101-029-007
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By C-21 Powerhouse, Rosalva Ramirez-Canseco, DRE #02032407

Add your commute
LISTING UPDATED: 08/24/2022 02:49 AM

Property Details for 1072 East 72nd Street

StatusClosed
MLS #PW22077000
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.11 AC / 4,771 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By C-21 Powerhouse, Rosalva Ramirez-Canseco, DRE #02032407

Add your commute

Building Information for 1072 East 72nd Street

Stories-Residences-Year Built1954Building Size-Lot Size0.11 AC / 4,771 SF

Payment Calculator

$4,910 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$817

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1072 East 72nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $35,400
  • Gross Scheduled Income: $35,400
  • Net Operating Income: $18,716
Expense Details
  • Operating Expense: $15,622
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $948
  • Trash Expense: $600
  • Water Sewer Expense: $1,200
  • Total Expenses: $15,622
Tax / Assessment Info
  • Tax Area: 5-496
  • Tax Block: 23
  • Tax Tract Number: 570202
  • Tax Census Tract: 5702.02
  • CFD/Mello-Roos Fee: $999,999,999
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Urban
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: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: North Long Beach
  • Builders Tract Code: North Long Beach (NLB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1072 East 72nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1072 East 72nd Street

Taxable ValueLand$350,000Additions$400,000Total$750,000
Tax Record2023$9,806 ($817 / month)
Home Facts
Total Finished SqFt1,723 SqFtAbove Grade Finished SqFt1,723 SqFtLot Size4,771 SqFtStyleDuplexYear Built1954ZoningLBR1NCountyLOS ANGELESAPN7101-029-007

Schools near 1072 East 72nd Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Grant Elementary School
PublicK to 5

Hamilton Middle School
Public6 to 8

Jordan High School
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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

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.