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PENDING

30 W 49th Street, Long Beach, CA 90805$3,700,000

3
beds
2
baths
8692
ft2
· 10076
ft2 lot
$426 / ft2

Listing provided courtesy of Robert Stepp, Keller Williams - Santa Monica
Source CRMLS;
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30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.

HOA

No HOA

On market

3 months

Year built

1963

Property type

Multi-Family

Parking

12

MLS

PW22152787

Price / Sq.Ft.

$426 / ft2

Status

Pending

Buyer’s Brokerage Commission

1.5%

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Home details for 30 W 49th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 8692.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 0.00
•   
Carport Spaces: 12.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LBR1N
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 11-15 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2313
•   
Lot Size Area: 10076.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 12
Property Features
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 12
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 262755.00
•   
Water Sewer Expense: 1994.00
•   
Other Expense Description: Reserves
•   
Other Expense: 3000.00
•   
Licenses Expense: 295.00
•   
Maintenance Expense: 9000.00
•   
Pest Control Expense: 585.00
•   
Fuel Expense: 1994.00
•   
Trash Expense: 1994.00
•   
New Taxes Expense: 46166.00
•   
Insurance Expense: 7170.00
•   
Professional Management Expense: 13138.00
•   
Total Expenses: 88290.00
•   
Gross Scheduled Income: 270882.00
•   
Operating Expense: 88290.00
•   
Gardener Expense: 960.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 262755.00
Lease Info
•   
Net Operating Income: 174466.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 1994.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1705.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1705.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 11
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1811.00
•   
Unit 1 Total Rent: 19921.00
Multi Unit Information
•   
# Of Units: 2
•   
Price Per Unit: 308333
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Bixby Knolls (BK)
•   
Subdivision: Bixby Knolls (BK)
•   
Community Features: Sidewalks
School Info
•   
Directions: W Del Amo Blvd & W 49th St
Other
Calculation
•   
Dom: 69
•   
Cdom: 69

Neighborhood snapshot

38
Properties for sale
7
Median days on market
$520.63
Median sold price/sqft
103.09%
Sold/List %
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Property History for 30 W 49th Street

09/19/2022
09/19/2022
CRMLS #PW22152787
pending
CRMLS #PW22152787
$3,700,000
07/12/2022
07/12/2022
CRMLS #PW22152787
active
CRMLS #PW22152787
$3,700,000

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