1377 North Warren Avenue

Long Beach, CA 90813

$1,799,000
Price
4
Beds
11
Baths
4,944 Sq. Ft.
$364 / Sq. Ft.
4,944
Sq. Ft.
$364
per Sq. Ft.

Description

PRICED TO SELL. 9.7 GRM AND 5.9% CAP WITH UPSIDE TO A 6.7% CAP. 11 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Email la for more information including a current rent roll and expenses.PRICED TO SELL. 9.7 GRM AND 5.9% CAP WITH UPSIDE TO A 6.7% CAP. 11 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Email la for more information including a current rent roll and expenses.
  1. Listed by Jonathan Swire • DRE #01336277 • Brokerage DRE #01738973 • The Agency

Property Details for 1377 North Warren Avenue

Zoning
LBR2N
Parcel Number
7268042011
Total Units
11.0
Living Area
4944
Source Living Area
Vendor Enhanced
Area
Poly High (9)
Vacancy Rate
0%
Lot Size Area
5700

Location

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277
Add your commute
LISTING UPDATED: 06/12/2024 08:17 AM

Property Details for 1377 North Warren Avenue

StatusActive
MLS #24-389103
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,700 SF
CountyLos Angeles County

Location

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277
Add your commute

Building Information for 1377 North Warren Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,700 SF

Payment Calculator

$11,377 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,818

Property Taxes

$1,559

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1377 North Warren Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $186,000
  • Net Operating Income: $122,000.00
  • Gross Income: $186,000
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $9.70
  • Total Annual Expense: 64000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1309
  • Lot Size Square Feet: 5700
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,395.00
  • Unit Actual Rent: $1,395.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $929,598.00
  • Assessed Improvement Percent: 68.0
  • Assessed Land Value: $437,457.00
  • Assessed Land Percent: 32
  • Assessed Total Value: $1,367,055.00

Property History for 1377 North Warren 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 1377 North Warren Avenue

Taxable ValueLand$437,457Additions$930,398Total$1,367,855
Tax Record2023$18,714 ($1,559 / month)
Home Facts
Total Finished SqFt4,944 SqFtAbove Grade Finished SqFt4,944 SqFtLot Size5,715 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLBR2NCountyLOS ANGELESAPN7268-042-011

Schools near 1377 North Warren 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
Charter - 9 to 12
Rating
School
Distance
Whittier 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

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1377 North Warren Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on May 7, 2024 by The Agency, it's currently listed at $1,799,000. It has been on the market for a total of 36 days and was last sold on November 13, 2017. This listing's school district is Long Beach Unified School District. Nearby schools include Whittier Elementary School, Franklin Classical Middle School and Polytechnic High School. 1377 North Warren Avenue is a 4-bed, 11-bath, 4,944 sqft multi-family home built in 1922.

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 The Agency, Jonathan Swire, DRE #01336277

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.