1125 East Carson Street

Long Beach, CA 90807

$2,350,000
Last Sold Price
3
Beds
8
Baths
6,937 Sq. Ft.
$339 / Sq. Ft.
6,937
Sq. Ft.
$339
per Sq. Ft.

Description

is pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1948, the subject property consists of 6,937 rentable square feet spread throughout a 9,006 square foot lot. There is four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. It has a pitched roof and contains five garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living in proximity to Bixby Knolls where there are many shops, restaurants,...is pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1948, the subject property consists of 6,937 rentable square feet spread throughout a 9,006 square foot lot. There is four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. It has a pitched roof and contains five garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living in proximity to Bixby Knolls where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments started in 2018 and more expected this year. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 1125 East Carson Street

Parking Spaces Total
5
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6937
Assessor Parcel Number
7138-012-029
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By NONMEMBER MRML, General NONMEMBER, DRE #NONMEMBER

Add your commute
LISTING UPDATED: 06/16/2021 10:17 AM

Property Details for 1125 East Carson Street

StatusClosed
MLS #PW21027154
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1948
Lot Size0.21 AC / 9,006 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By NONMEMBER MRML, General NONMEMBER, DRE #NONMEMBER

Add your commute

Building Information for 1125 East Carson Street

Stories-Residences-Year Built1948Building Size-Lot Size0.21 AC / 9,006 SF

Payment Calculator

$15,518 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$2,693

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1125 East Carson Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $149,002
  • Gross Scheduled Income: $149,280
  • Net Operating Income: $95,015
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $53,987
  • New Taxes Expense: $29,938
  • Fuel Expense: $0
  • Electric Expense: $2,405
  • Insurance Expense: $3,750
  • Professional Management Expense: $7,444
  • Trash Expense: $0
  • Water Sewer Expense: $2,000
  • Total Expenses: $53,987
Tax / Assessment Info
  • Tax Tract Number: 13289
  • Tax Census Tract: 5719.00
  • Tax Lot: 92
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,498
  • Unit Type Total Rent: $5,990
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,613
  • Unit Type Total Rent: $6,450
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8

Property History for 1125 East Carson 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 1125 East Carson Street

Taxable ValueLand$1,248,480Additions$1,196,460Total$2,444,940
Tax Record2023$32,317 ($2,693 / month)
Home Facts
Total Finished SqFt6,937 SqFtAbove Grade Finished SqFt6,937 SqFtLot Size9,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLBR3SCountyLOS ANGELESAPN7138-012-029

Schools near 1125 East Carson 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
Longfellow Elementary School
PublicK to 5

Hughes Middle School
Public6 to 8

Polytechnic 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

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.