1130 E Hellman St, Unit A

Long Beach, CA 90813

$1,250,000
Last Sold Price
1
Bed
6
Baths
2,640 Sq. Ft.
$473 / Sq. Ft.
2,640
Sq. Ft.
$473
per Sq. Ft.
Closed 11/28/19
Closed 11/28/19

Description

This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap...This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12 month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses and freeways. Please do not disturb tenants. Contact agent for showings. Thank you!
  1. Listed by Steven Bud Mastropaolo • DRE #01976149 • Brokerage DRE #02032582 • The Address, Inc

Property Details for 1130 East Hellman Street, Unit A

Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2640
Assessor Parcel Number
7266-003-006
LISTING UPDATED: 12/02/2019 06:11 AM

Property Details for 1130 East Hellman Street, Unit A

StatusClosed
MLS #NP19048379
Days on Market222
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.14 AC / 5,920 SF
CountyLos Angeles County

Location

Listing Courtesy of The Address, Inc, Steven Bud Mastropaolo, DRE #01976149

Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

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Building Information for 1130 East Hellman Street, Unit A

Stories-Residences-Year Built1923Building Size-Lot Size0.14 AC / 5,920 SF

Payment Calculator

$7,426 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,092

Property Taxes

$1,334

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1130 East Hellman Street, Unit A

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $106,800
  • Gross Scheduled Income: $106,800
  • Net Operating Income: $74,275
  • Cap Rate: 5.46
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $32,525
  • New Taxes Expense: $16,820
  • Fuel Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $2,750
  • Professional Management Expense: $0
  • Other Expense: $1,200
  • Other Expense Description: Repairs
  • Trash Expense: $1,400
  • Water Sewer Expense: $1,400
  • Total Expenses: $27,670
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 5764.01
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Front Yard
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Sewer Paid
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6

Property History for 1130 East Hellman Street, Unit A

DateEvent & SourcePriceAppreciation
Nov 28, 2019

Sold

CRMLS #NP19048379

$1,250,000—
Nov 28, 2019

Sold

CLAW #NP19048379MR

$1,250,000—
Oct 21, 2019

Pending

CRMLS #NP19048379

—
Oct 21, 2019

Pending

CLAW #NP19048379MR

—
Jul 9, 2019

Price Change

CRMLS #NP19048379

$1,275,000—
May 30, 2019

Price Change

CRMLS #NP19048379

$1,295,000—
Apr 16, 2019

Price Change

CRMLS #NP19048379

$1,395,000—
Mar 13, 2019

Listed (Active)

CRMLS #NP19048379

$1,450,000—
Mar 13, 2019

Listed (Active)

CLAW #NP19048379MR

$1,450,000—
DateEvent & SourcePrice
11/28/2019

Sold

CRMLS #NP19048379

$1,250,000
11/28/2019

Sold

CLAW #NP19048379MR

$1,250,000
10/21/2019

Pending

CRMLS #NP19048379

—
10/21/2019

Pending

CLAW #NP19048379MR

—
07/09/2019

Price Change

CRMLS #NP19048379

$1,275,000
05/30/2019

Price Change

CRMLS #NP19048379

$1,295,000
04/16/2019

Price Change

CRMLS #NP19048379

$1,395,000
03/13/2019

Listed (Active)

CRMLS #NP19048379

$1,450,000
03/13/2019

Listed (Active)

CLAW #NP19048379MR

$1,450,000

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

Public Records for 1130 East Hellman Street, Unit A

Taxable ValueLand$810,000Additions$440,000Total$1,250,000
Tax Record2020$16,004 ($1,334 / month)
Home Facts
Total Finished SqFt2,640 SqFtAbove Grade Finished SqFt2,640 SqFtLot Size5,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1923Year Renovated1923ZoningLBR2NCountyLOS ANGELESAPN7266003006

Schools near 1130 East Hellman Street, Unit A

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Clear Passage Educational Center
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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 The Address, Inc, Steven Bud Mastropaolo, DRE #01976149

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.