1350 East Hellman Street

Long Beach, CA 90813

$1,690,000
Last Sold Price
1
Beds
9
Baths
4,100 Sq. Ft.
$412 / Sq. Ft.
4,100
Sq. Ft.
$412
per Sq. Ft.

Description

1350 E Hellman Street is a 9-unit apartment building in highly desirable N. Alamitos Beach. The property features a desirable mix of (4) one bedroom / one bathroom and (5) studio units. There are (5) garages with additional parking spaces. The asset is separately metered for gas and electric. Located in North Alamitos Beach in a historic district, the property has a 93 Walk Score, is walkable to amenities along 4th Street / Retro Row and in close proximity to East Village Arts District. Offered at...1350 E Hellman Street is a 9-unit apartment building in highly desirable N. Alamitos Beach. The property features a desirable mix of (4) one bedroom / one bathroom and (5) studio units. There are (5) garages with additional parking spaces. The asset is separately metered for gas and electric. Located in North Alamitos Beach in a historic district, the property has a 93 Walk Score, is walkable to amenities along 4th Street / Retro Row and in close proximity to East Village Arts District. Offered at a 5.11% cap rate on actuals, 1350 E. Hellman provides a new buyer an attractive in-place income with value to be added.
  1. Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01499010 • Keller Williams - Santa Monica

Property Details for 1350 East Hellman Street

Parking Spaces Total
8
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4100
Assessor Parcel Number
7266-001-002
Property Attached YN
true

Location

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

Sold By None MRML, NONE NONE, DRE #N/A

Add your commute
LISTING UPDATED: 06/14/2021 03:06 AM

Property Details for 1350 East Hellman Street

StatusClosed
MLS #PW21038585
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.19 AC / 8,097 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

Sold By None MRML, NONE NONE, DRE #N/A

Add your commute

Building Information for 1350 East Hellman Street

Stories2Residences-Year Built1929Building Size-Lot Size0.19 AC / 8,097 SF

Payment Calculator

$11,157 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,223

Property Taxes

$1,934

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1350 East Hellman Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $134,292
  • Gross Scheduled Income: $141,360
  • Net Operating Income: $86,368
  • Gross Multiplier: 11.96
  • Cap Rate: 5.11
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $47,924
  • New Taxes Expense: $21,639
  • Gardener Expense: $1,500
  • Fuel Expense: $1,351
  • Licenses Expense: $1,000
  • Pest Control Expense: $600
  • Electric Expense: $1,351
  • Insurance Expense: $2,518
  • Maintenance Expense: $6,300
  • Professional Management Expense: $6,715
  • Other Expense: $2,250
  • Other Expense Description: Reserves
  • Trash Expense: $1,351
  • Water Sewer Expense: $1,351
  • Total Expenses: $47,924
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 5764
  • Tax Census Tract: 5764.02
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 5
  • 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: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,392
  • Unit Type Total Rent: $5,568
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,242
  • Unit Type Total Rent: $6,210
  • Unit Type Pro Forma: 1325
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 1350 East Hellman 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 1350 East Hellman Street

Taxable ValueLand$1,144,440Additions$614,536Total$1,758,976
Tax Record2023$23,206 ($1,934 / month)
Home Facts
Total Finished SqFt4,109 SqFtAbove Grade Finished SqFt4,109 SqFtLot Size8,097 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLBR2NCountyLOS ANGELESAPN7266-001-002

Schools near 1350 East Hellman 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 - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

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.