33 Nieto Avenue

Long Beach, CA 90803

$2,450,000
Last Sold Price
1
Beds
7
Baths
4,289 Sq. Ft.
$571 / Sq. Ft.
4,289
Sq. Ft.
$571
per Sq. Ft.

Description

33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars...33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars and other amenities along 2nd Street. 33 Nieto Avenue provides investors with the opportunity to own an attractive asset with historically high tenant retention rates in one of the most desirable beachside rental markets in Southern California. Living in Belmont Shore offers residents access to ocean and bay beaches, as well as a multitude of restaurants, bars, coffee shops and more along 2nd Street.
  1. Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01917184 • Keller Williams Pacific Estate

Property Details for 33 Nieto Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4289
Assessor Parcel Number
7247-022-018
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Pacific Estate, Robert Stepp, DRE #01456379

Sold By Coldwell Banker Dynasty T.C., Joseph Wong, DRE #01257441

Add your commute
LISTING UPDATED: 01/22/2020 04:23 AM

Property Details for 33 Nieto Avenue

StatusClosed
MLS #PW19205849
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.11 AC / 4,598 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Pacific Estate, Robert Stepp, DRE #01456379

Sold By Coldwell Banker Dynasty T.C., Joseph Wong, DRE #01257441

Add your commute

Building Information for 33 Nieto Avenue

Stories-Residences-Year Built1947Building Size-Lot Size0.11 AC / 4,598 SF

Payment Calculator

$16,148 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$2,777

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 33 Nieto Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $140,712
  • Gross Scheduled Income: $148,118
  • Net Operating Income: $92,723
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $47,989
  • New Taxes Expense: $30,631
  • Gardener Expense: $1,080
  • Fuel Expense: $806
  • Licenses Expense: $662
  • Pest Control Expense: $1,200
  • Electric Expense: $806
  • Insurance Expense: $1,716
  • Maintenance Expense: $2,625
  • Professional Management Expense: $5,628
  • Other Expense: $1,225
  • Other Expense Description: Reserves
  • Trash Expense: $806
  • Water Sewer Expense: $806
  • Total Expenses: $47,989
Tax / Assessment Info
  • Tax Block: 24
  • Tax Tract Number: 3750
  • Tax Census Tract: 5773.00
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, 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: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway - Concrete, Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Concrete, Garage
Property / Structure Info
  • Builders Tract Name: Belmont Shore
  • Builders Tract Code: Belmont Shore (BSD)
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $11,865
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 33 Nieto Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 33 Nieto Avenue

Taxable ValueLand$1,839,561Additions$737,224Total$2,576,785
Tax Record2023$33,329 ($2,777 / month)
Home Facts
Total Finished SqFt4,289 SqFtAbove Grade Finished SqFt4,289 SqFtLot Size4,598 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLBR4RCountyLOS ANGELESAPN7247-022-018

Schools near 33 Nieto Avenue

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
Public - 9 to 12
Rating
School
Distance
Naples Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
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 Keller Williams Pacific Estate, 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.