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278 Falcon Ave, Long Beach, CA 90802

$1,375,000
Last sold 11/16/2015 after 91 Days
2
bed
4
bath

House not for sale

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About 278 Falcon Ave

Property type House

Neighborhood

Year built 1923

HOA fee $0/month

Lot size 4,986 Sqft

Rental estimate

Property description

I am proud to offer the well -maintained 10-unit apartment building located at 278 Falcon Avenue in Long Beach, California. The property is south of 3rd Street and three blocks west of Cherry Avenue in the heart of Long Beachs Alamitos Beach neighborhood. Built in 1923 with wood framing, the painted stucco building offers 4,452 rentable square feet on a 4,986-square foot lot. The property features a unit mix of two one- bedroom/one bathroom and eight studio/one-bathroom units. The property is master meter

Listed by

Listing Agent - Ryan Rayburn

Listing Office - Marcus & Millichap

Source: San Diego MLS

MLS#PW15182025 • last updated 6 years ago

Movoto checked San Diego MLS for data 6 minutes ago

Overview
Levels/Style	2 Story
Status	SOLD
SubType	Res Income 2-4 Units
MLS #	PW15182025
Lot Size (SqFt)	4986
Year Built	1923

Exterior
Roof	Composition
Lot Desc	4, 000-7, 499 SF

Amenities / Utilities
Water Source	Meter On Property
Pool Desc	N/K
Security Features	Gated Community

Location
Neighborhood	Alamitos Beach (AB)
County	Los Angeles
APN	7275012015
Directions	From Ocean Blvd, Head North On Cherry Ave. Then Turn Left On 3rds Street, And Left On Falcon Avenue.

Multifamily Details
Unit 3: # Bedrooms	1
Unit 1: # Total Baths	1
Unit 2: # Total Baths	1
Unit 3: # Total Baths	1
Unit 4: # Total Baths	1
Unit 4: # Bedrooms	1
Tenant Pays	Cable TV
Unit 2: Actual Rent	850
Unit 3: Actual Rent	1045
Unit 4: Actual Rent	1065
Total # of Units	10
Gross Rent Multiplier (Actual)	12.91
Gross Scheduled Income	110400

Rental est.: $2,143/month

• Gross rent multiplier: 53.5

Lower your payment with the loan terms that fit you.

Nov 2015
MLS # PW15182025
Nov 16, 2015 Sold
$1,375,000
Nov 16, 2015 Sold
$1,375,000
Aug 17, 2015 Listed
$1,425,000
Aug 17, 2015 Listed
$1,425,000 (+36.4%)
Nov 2015
Public Records
Nov 13, 2015 Sold
$1,375,000 (-3.5%)
Oct 2006
Public Records
Oct 10, 2006 Sold
$1,045,000 (+111.1%)
Jan 2002
Public Records
Jan 2, 2002 Sold
$495,000

278 Falcon Ave
$1.37M
Bixby Park
$549K -16% y/y
90802
$458K -8% y/y
Long Beach
$699K -3% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
270 Falcon Ave, Long Beach, CA 90802	$945,000	2/2	808	0.01
262 Falcon Ave, Long Beach, CA 90802	$784,000	2/2	796	0.02
256 Falcon Ave, Long Beach, CA 90802	$745,000	1/1	850	0.03
1434 E 3rd St, Long Beach, CA 90802	$918,000	2/1	1,232	0.03
269 Falcon Ave, Long Beach, CA 90802	$845,000	2/1	999	0.03
250 Falcon Ave, Long Beach, CA 90802	$850,000	2/1	1,047	0.04
261 Falcon Ave, Long Beach, CA 90802	$764,000	1/1	783	0.04
1424 E 3rd St, Long Beach, CA 90802	$998,000	2/1	1,344	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.