1050 E Hellman St
Long Beach, CA 90813

Bd   — Ba   3,542 Sqft
Great opportunity to purchase a very well maintained 6 unit building in Downtown Long Beach. The subject property is made up of two separate structures, totaling 6 units and (4) single car garages. The building in front contains (4) 1bd/1bth units, and the rear building is made up of (2) 1bd/1bth units over 4 single car garages. The property is separately metered for gas and electricity. Current owner has maintained the property very well, and many of the tenants are long term tenants. Some of the units have granite countertops and nice tile flooring. Owner rents 4 of the parking spaces in between both structures for $50 per space for an extra $200 per month. Total monthly rental income including parking space income is $5,495 per month. There is room to increase rents plus rent out the garages. Currently 3 of the 4 garages are used by the owner. At a $138,166 per unit, this is one of the best investment opportunities in Long Beach.
  • Neighborhood: Central Long Beach
  • Days on Movoto: 42
  • Year Built: 1924
  • HOA:
  • $/Sqft: $234
  • Lot: 4,240 Sqft
  • Property Type: Single Family
  • MLS#: PW16182869
  • MLS:
  • Listing Office: Pabst, Kinney & Associates
  • Listing Broker: Spencer Pabst
  • Movoto last checked: 12 hours ago
  • Last updated: 1 month ago

Home Features for 1050 E Hellman St, Long Beach

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Real Estate Market Statistics of 1050 E Hellman Street , Long Beach

Long Beach, California

Total Inventory For Sale

763 Homes

0% m/m -35% y/y

Median List Price

$579K

-2% m/m +20% y/y

Median Days On Market

51 Days

+15% m/m +8% y/y

Median House Size

1,493 Sqft

+2% m/m +16% y/y

Median Price Per Square Foot

$389 /Sqft

-2% m/m +6% y/y

Median Price

1050 E Hellman St in ZIP code 90813 is a single family home currently listed for $829,000. This is 58% above the median of $525,000 for 90813 and 43% above the median price of $579,000 for the city of Long Beach, CA. As of today, , there are 65 properties listed for sale in the 90813 area and 763 properties listed for sale in Long Beach. Of those 763 properties for sale, 516 are single family homes and 247 are condos. 1050 E Hellman St is approximately 3,542 square feet, 137% above the Long Beach median of 1,493 and 117% above the 90813 ZIP code median of 1,632. The price per square foot is $234, which is 18% below the median price in 90813 of $285 and 40% below the Long Beach median of $389 per Sqft.

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Built in 1924, this single family house at 1050 E Hellman St is approximately 3,542 square feet and comes with 16 parking spots. It is listed on 08/19/2016 for $829,000 with a cost per Sqft of $234. 1050 E Hellman St is located in the Central Long Beach neighborhood in the Long Beach Unified School District. The closest school is Franklin Classical Middle School.

1050 E Hellman St has been on the market for 42 days. The median days on the market for properties in this area is 51 with a median list price of $579,000 and median cost per square foot of $389. It's currently listed as pending under the MLS #PW16182869.

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