1921 East Washington Street
![1921 East Washington Street Long Beach, CA 90805 - Photo 1 of 43 a front view of a house with a yard covered with snow in front of house](https://www.compass.com/m/f6694ee9475fce29dfe2ca9497c72a7cc7f74121_img_0_16cda/origin.webp)
Description
miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists
of a front building made up of three 1 Bed 1 Bath units each with...Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2
miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists
of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house The rear
house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This
building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during
the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price
$1,250,000
Price/Unit $312,500
Price/sqft $408
Current Cap Rate 5.35%
Market Cap Rate 6.26%
Current GRM 16.62
Market GRM 14.43
- Listed by Perry Karn • DRE #01963224 • Brokerage DRE #01969679 • Southland Property Group • 562-519-0099
Property Details for 1921 East Washington Street
Property Details for 1921 East Washington Street
Status | Active |
---|---|
MLS # | PW25003991 |
Days on Market | 37 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
Lot Size | 0.13 AC / 5,600 SF |
County | Los Angeles County |
Building Information for 1921 East Washington Street
Property Information for 1921 East Washington Street
- Gross Income: $94,800
- Gross Scheduled Income: $94,800
- Vacancy Allowance Rate: 5
- Gross Operating Income: $90,060
- Net Operating Income: $81,396
- Operating Expense: $8,664
- Insurance Expense: $7,500
- Professional Management Expense: $1,664
- Trash Expense: $0
- Total Expenses: $8,664
- Tax Tract Number: 4963
- Tax Census Tract: 5706.02
- CFD/Mello-Roos Fee: $857
- Tax Lot: 16
- Community Features: Suburban, Urban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: Front of building
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 3
- Parking Garage Spaces: 3
- Carport Spaces: 0
- Builders Tract Name: North Long Beach
- Builders Tract Code: North Long Beach (NLB)
- 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: $1,400
- Unit Type Total Rent: $1,430
- Unit Type Pro Forma: 1600
- Unit Type Type: 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: No
- Unit Type Actual Rent: $909
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1700
- Unit Type Type: 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: No
- Unit Type Actual Rent: $1,354
- Unit Type Total Rent: $1,395
- Unit Type Pro Forma: 1400
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 3
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $3,041
- Unit Type Pro Forma: 3000
- Unit Type Type: 4
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 4
Property History for 1921 East Washington Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1921 East Washington Street
Schools near 1921 East Washington Street
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Harte Elementary School PublicK to 5 | ||
Lindbergh Middle School Public6 to 8 | ||
Jordan High School Public9 to 12 | ||
IVA - Intellectual Virtues Academy Middle School Charter6 to 8 |
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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Listing Courtesy of Southland Property Group, Perry Karn, DRE #01963224
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.