FOR SALE
Listed by Robert Castro, Southern Cal Realty, (714) 984-3426
1141 E 16th St
Long Beach, CA 90813
Poly High District
17 Beds
10 Baths
6,835 sqft
- 17 Beds
- 10 Baths
- 6,835 sqft
17 Beds
10 Baths
6,835 sqft
Local Information
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Description
Beautifully restored 9 unit building in the Poly High neighborhood of Long Beach- Central Long Beach. Pride of ownership property, same owner over 40 years. The property was just painted less than a year ago. Sandblasted, new stucco, paint, wood trim. Great mix of 17 bedrooms and 10 baths. The Landlord currently uses the front (one bedroom) unit as his office, where he spent approx $15,000 in capital expenditures- gutting the unit and placing new floors, cabinets, counters, bathroom fixtures, shower stall, plumbing. It will be available at close (or prior if needed) and can easily be rented for $1800-$2000. A few other units have had nice capital expenditures as well in last 24 months. You have a total of 6 newer garage doors, plus 6 parking spaces. Perfect for long term investor looking for a property that cashflows nicely. Current gross market rent is apprx. $220,800. Rent increases have been issued, and rent on March 15, 2024, increases by max 8.8% (California Rent Control), to $238,000, plus small laundry income. 7.8% Cap Rate based on PRESENT rent. Property sold AS-IS. Please send Proof of Down Payment, Letter of Interest (if applicable) from commercial bank, with offers.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$351
Listed
72 days ago
Home Details for 1141 E 16th St
Interior Features |
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Beds & Baths Number of Bedrooms: 17Number of Bathrooms: 10 |
Appliances & Utilities Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Gas & Electric RangeLaundry: Common Area |
Heating & Cooling Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Gas & Electric Electric: StandardHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Laminate, TileCommon Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front and StairwellAccessibility: 2+ Access Exits, ParkingFloors: Laminate, Tile |
View No ViewView: None |
Security Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars |
Exterior Features |
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Exterior Home Features Fencing: Average Condition, Chain Link, Wood, Wrought Iron, FencedExterior: Rain GuttersFoundation: SlabNo Private Pool |
Parking & Garage Number of Garage Spaces: 6Number of Carport Spaces: 6Number of Covered Spaces: 12No CarportHas a GarageHas Open ParkingParking Spaces: 12Parking: Assigned,Direct Access,Driveway,Driveway - Combination,Concrete,Garage Faces Front,Garage Faces Rear,Garage - Single Door,Parking Space,Public |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 72 |
Property Information |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Traditional |
Building Construction Materials: Drywall Walls, Frame, Plaster, StuccoNot a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Condition: Turnkey, Updated/RemodeledIncluded in Sale: Laundry Machines (and Dryers) Currently Leased.Parcel Number: 7268023009 |
Price & Status |
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Price List Price: $2,400,000Price Per Sqft: $351 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Long BeachCommunity: Poly High (PH) |
Agent Information |
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Listing Agent Listing ID: DW24022648 |
Building |
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Building Area Building Area: 6835 Square Feet |
Community |
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Community Features: Biking, Curbs, Park, SidewalksNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 6468 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity, Parking Fee, Telephone |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: DW24022648Attribution Contact: 714-984-3426 |
Additional Information |
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BikingCurbsParkSidewalks |
Last check for updates: about 15 hours ago
Listing Provided by: Robert Castro DRE #01243994, (714) 984-3426
Southern Cal Realty
Originating MLS: California Regional MLS
Source: CRMLS, MLS#DW24022648
Price History for 1141 E 16th St
| Date | Price | Event | Source |
|---|---|---|---|
| 01/31/2024 | $2,400,000 | Listed For Sale | CRMLS #DW24022648 |
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Comparable Sales for 1141 E 16th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $1,235,000 | 11/07/23 | 9 | 6 | 3,270 | |
0.23 | Multi-Family Home | $1,125,000 | 03/18/24 | 8 | 8 | 3,591 | |
0.76 | Multi-Family Home | $1,564,000 | 05/05/23 | 17 | 10 | 6,440 | |
0.90 | Multi-Family Home | $2,350,000 | 12/12/23 | 17 | 17 | 7,617 | |
0.05 | Multi-Family Home | $800,000 | 11/22/23 | 4 | 3 | 1,672 | |
1.06 | Multi-Family Home | $1,850,000 | 03/20/24 | 13 | 11 | 7,220 | |
0.14 | Multi-Family Home | $700,000 | 03/18/24 | 4 | 2 | 2,146 | |
0.98 | Multi-Family Home | $2,195,000 | 12/13/23 | 11 | 8 | 6,072 | |
0.91 | Multi-Family Home | $1,620,000 | 06/20/23 | 12 | 6 | 4,718 | |
0.42 | Multi-Family Home | $800,000 | 05/03/23 | 6 | 4 | 1,950 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Poly High District
- Jose Llamas
- Prev. Resident
- 4mo ago
"People might like that it is dog friendly but i don’t always feel the safest walking around with my dog especially at night. "
- Trulia User
- Prev. Resident
- 11mo ago
"𝕋𝕙𝕖𝕣𝕖 𝕒𝕣𝕖 𝕝𝕠𝕥𝕤 𝕠𝕗 𝕠𝕥𝕓𝕖𝕣 𝕕𝕠𝕘𝕤 𝕥𝕠 𝕡𝕝𝕒𝕪 𝕨𝕚𝕥𝕙. 𝕋𝕙𝕖 𝕠𝕨𝕟𝕖𝕣𝕤 𝕦𝕤𝕦𝕒𝕝𝕝𝕪 𝕡𝕚𝕔𝕜 𝕦𝕡 𝕥𝕙𝕖𝕚𝕣 𝕕𝕠𝕘𝕤 𝕡𝕠𝕠𝕡."
- Trulia User
- Prev. Resident
- 1y ago
"very good commute quiet schools shopping centers Banks a lot of activity parks around that area very safe a lot of entertainment downtown area very well controlled feel very safe"
- Trulia User
- Resident
- 2y ago
"I like that the neighborhood that I live in take care of each other when some is out of town. Having a neighborhood security ground is good "
- Trulia User
- Resident
- 2y ago
"yes people normally walk there dogs even tho I stay on a big street .but they are welcome to a couple of parks near by as well "
- Trulia User
- Resident
- 2y ago
"Its not the safest neighborhood but the are many community events, resources and services, provided by community organizations that are trying to make our communities better. "
- Trulia User
- Resident
- 2y ago
"good city and county helpful people and community clean and green. easy to maintain the facilitieds in the park"
- Lbliving1562
- Resident
- 4y ago
"Nothin special happens here people just mind there own and go to work and live life one day at a time. Everyone is nice people say hi but other then that nobody bothers nobody "
- Mitchellee P.
- Resident
- 4y ago
"I don’t like my neighborhood. It is not well kept up or maintained. Buildings look run down and old "
- Sareena.barron
- Resident
- 4y ago
"None that I’m aware of. I don’t spend time in the community here. There other events in other neighborhoods in Long Beach. "
- Sareena
- Resident
- 4y ago
"We have a metro train, but most people prefer car. The traffic around the neighborhood is easy to maneuver. "
- Cwpalmer562
- Resident
- 5y ago
"Not a friendly area... no good dog area. No good running paths or dog parks. Drive to dog beach is not too far. "
- Kim M.
- Visitor
- 5y ago
"I lived in my place for 2 years going on 3 years. We’re friendly and nice. We don’t bother no one and we mind our business. Pay rent on time too."
- Danika r.
- Prev. Resident
- 5y ago
" its not that many dog parks around here . But they would like that there is a beach near and places to eat. "
- Cathrinabautista
- Resident
- 5y ago
"Neighborhoods are dog friendly but some people don’t like to clean up after their pets. Other than that, dogs are well welcomed and well mannered. "
- Glorimarsocal
- Resident
- 5y ago
" It's pretty pet friendly so therefore they would like to bring their pets walking. Most are on leashes, not a lot of stray dogs loose. "
- Onebetoe
- Resident
- 5y ago
"been here for about 5 years most people are friendly and everyone minds their own. Very cool and chill place to live surrounded by many different cultures and that I beleive makes it unique to live here. "
- Drasing75
- Resident
- 5y ago
"this is where I was born and raised. this is home. the city is culturally versatile than any other city. close to the beach and has many restaurant and shopping options to choose from. "
- Annastasiaprice
- Resident
- 5y ago
"different people it's cool I really enjoy the cultural melting pot theme long Beach has going on. we have some really nice restaurants as well "
- Onebetoe
- Resident
- 5y ago
"lived here over 5 years everyone's friendly but there is noise on the weekends but like i said everyone's friendly and respectful "
- Queeny217
- Visitor
- 5y ago
"just I like there area be peace and quiet more comfortable than in LA bad awfulness .. I hope area keep safety more quickly for kids save home for everything make sure that all. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Robert Castro, Southern Cal Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1141 E 16th St, Long Beach, CA 90813 is a 17 bedroom, 10 bathroom, 6,835 sqft multi-family built in 1963. 1141 E 16th St is located in Poly High District, Long Beach. This property is currently available for sale and was listed by CRMLS on Jan 31, 2024. The MLS # for this home is MLS# DW24022648.