183 East Pleasant Street

Long Beach, CA 90805

$550,000
Last Sold Price
2
Beds
2
Baths
988 Sq. Ft.
$557 / Sq. Ft.
988
Sq. Ft.
$557
per Sq. Ft.

Description

One unit may be delivered vacant at close! Perfect starter duplex only 2 blocks North of Bixby Knolls. Two 1 bed, 1 bath units with a 2 car attached garage and an onsite laundry room between units. New roof installed in 2017. Granite counters in kitchens. Units are clean and rented close to market, but with a 9% upside remaining for future cash flow. Super low expense building with no landscaping to water. Only one block from Dooley Elementary School and national retailers at Long Beach Blvd and...One unit may be delivered vacant at close! Perfect starter duplex only 2 blocks North of Bixby Knolls. Two 1 bed, 1 bath units with a 2 car attached garage and an onsite laundry room between units. New roof installed in 2017. Granite counters in kitchens. Units are clean and rented close to market, but with a 9% upside remaining for future cash flow. Super low expense building with no landscaping to water. Only one block from Dooley Elementary School and national retailers at Long Beach Blvd and Del Amo. Cash flow right at close to start your rental portfolio.
  1. Listed by Anthony Walker • DRE #01908153 • Brokerage DRE #01914434 • Buckingham Investments, Inc

Property Details for 183 East Pleasant Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
988
Assessor Parcel Number
7133-003-015
Property Attached YN
true

Location

Listing Courtesy of Buckingham Investments, Inc, Anthony Walker, DRE #01908153

Sold By Fathom Realty Group Inc., Evo Howard, DRE #01765763

Add your commute
LISTING UPDATED: 06/03/2021 02:52 AM

Property Details for 183 East Pleasant Street

StatusClosed
MLS #SB21031470
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.05 AC / 2,035 SF
CountyLos Angeles County

Location

Listing Courtesy of Buckingham Investments, Inc, Anthony Walker, DRE #01908153

Sold By Fathom Realty Group Inc., Evo Howard, DRE #01765763

Add your commute

Building Information for 183 East Pleasant Street

Stories1Residences-Year Built1956Building Size-Lot Size0.05 AC / 2,035 SF

Payment Calculator

$3,626 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 183 East Pleasant Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $32,940
  • Gross Scheduled Income: $32,940
  • Vacancy Allowance: 1647
  • Gross Operating Income: $32,493
  • Net Operating Income: $19,391
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 16.0
  • Cap Rate: 3.5
  • Financing: VA
Expense Details
  • Operating Expense: $13,102
  • New Taxes Expense: $6,863
  • Fuel Expense: $548
  • Electric Expense: $1,289
  • Insurance Expense: $800
  • Maintenance Expense: $1,625
  • Trash Expense: $474
  • Water Sewer Expense: $1,504
  • Total Expenses: $13,102
Tax / Assessment Info
  • Tax Tract Number: 5134
  • Tax Census Tract: 5717.03
  • Tax Lot: 2106
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • 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: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,320
  • Unit Type Total Rent: $1,320
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,425
  • Unit Type Total Rent: $1,425
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • 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 183 East Pleasant 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 183 East Pleasant Street

Taxable ValueLand$260,100Additions$312,120Total$572,220
Tax Record2023$7,489 ($624 / month)
Home Facts
Total Finished SqFt988 SqFtAbove Grade Finished SqFt988 SqFtLot Size2,035 SqFtStyleDuplexYear Built1956ZoningLBR1NCountyLOS ANGELESAPN7133-003-015

Schools near 183 East Pleasant 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
Dooley Elementary School
PublicK to 5

Lindsey Academy
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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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 Buckingham Investments, Inc, Anthony Walker, DRE #01908153

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.