1107 Mahanna Avenue

Long Beach, CA 90813

$795,000
Price
4
Beds
3
Baths
1,695 Sq. Ft.
$469 / Sq. Ft.
1,695
Sq. Ft.
$469
per Sq. Ft.

Description

This extremely rare and affordable investment opportunity is centrally and strategically located in the heart of Long Beach, CA. With proximity to downtown, the coast and major transportation routes alike, this property presents an opportunity for a new investor to capitalize the continued growing rental demand in the area. With one unit currently vacant , creative investors can also implement a "House-Hacking" strategy by living in one unit and renting the others. There is significant upside in...This extremely rare and affordable investment opportunity is centrally and strategically located in the heart of Long Beach, CA. With proximity to downtown, the coast and major transportation routes alike, this property presents an opportunity for a new investor to capitalize the continued growing rental demand in the area. With one unit currently vacant , creative investors can also implement a "House-Hacking" strategy by living in one unit and renting the others. There is significant upside in existing rental income as well.
  1. Listed by Liam Skelly • DRE #02039422 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 1107 Mahanna Avenue

Zoning
LBR2N
Parcel Number
7267003021
Total Units
3.0
Living Area
1695
Source Living Area
Other
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
0
Lot Size Area
4735
LISTING UPDATED: 10/22/2024 12:02 AM

Property Details for 1107 Mahanna Avenue

StatusActive
MLS #24-448939
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.11 AC / 4,735 SF
CountyLos Angeles County

Building Information for 1107 Mahanna Avenue

Stories-Residences-Year Built1919Building Size-Lot Size0.11 AC / 4,735 SF

Property Information for 1107 Mahanna Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Security Features: Other
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $51,216
  • Net Operating Income: $28,278.00
  • Gross Income: $51,216
  • Cap Rate: 3.56%
  • Gross Rent Multiplier: $15.06
  • Actual Annual Gross Rent: $52,800.00
  • Financial Info as Of: 10/04/2024
  • Vacancy Allow Percent: .00%
  • Total Annual Expense: 22938
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1087
  • Lot Size Square Feet: 4735
Parking Details
Parking Details
  • Parking Garage: Driveway Gate
  • Total Parking: 1
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,050.00
  • Unit Actual Rent: $1,050.00
  • Unit Projected Rent: $1,050.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $14,811.00
  • Assessed Improvement Percent: 39.35
  • Assessed Land Value: $22,824.00
  • Assessed Land Percent: 60.65
  • Assessed Total Value: $37,635.00

Property History for 1107 Mahanna 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 1107 Mahanna Avenue

Taxable ValueLand$23,280Additions$15,107Total$38,387
Tax Record2024$1,036 ($86 / month)
Home Facts
Total Finished SqFt1,695 SqFtAbove Grade Finished SqFt1,695 SqFtLot Size4,735 SqFtStyleTriplexYear Built1919ZoningLBR2NCountyLOS ANGELESAPN7267-003-021

Schools near 1107 Mahanna 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
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.

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1107 Mahanna Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on October 14, 2024 by Matthews Real Estate Investment Services, it's currently listed at $795,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lincoln Elementary School, Franklin Classical Middle School and Polytechnic High School. 1107 Mahanna Avenue is a 4-bed, 3-bath, 1,695 sqft multi-family home built in 1919.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Liam Skelly, DRE #02039422

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.