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Sold for $2,920,000
  • Listed by: Marcus & Millichap RE Invest • Tyler Leeson • Contact: 949-419-3326
    Bought with: Marcus & Millichap RE Invest
    Tax assessed value
    $2,920,000

    1701 Park Ave, Long Beach, CA 90815

    18beds
    9baths
    6,750sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $433/sqft
    $3,087 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,087/mo

    Zestimate® history
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    What's special

    1701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with:

    Tyler Leeson, DRE #01451551

    Marcus & Millichap RE Invest

    Source: CRMLS,MLS#: OC24151346MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 9
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 6,750
    • Total interior livable area: 6,750 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage, Carport
    • Garage spaces: 3
    • Carport spaces: 1
    • Covered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: First level
    • Pool features: None
    Lot
    • Size: 8,712 Square Feet
    • Features: Street Level
    Details
    • Parcel number: 7220002009
    • Zoning: LBR4R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    • Subdivision: Circle (Ca)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $433/sqft
    • Tax assessed value: $2,920,000
    • Annual tax amount: $39,070
    • Date on market: 7/23/2024
    • Cumulative days on market: 48 days
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    10/16/2024Sold$2,920,000-5.8%$433/sqft
    Source: CRMLS #OC24151346 Report a problem
    10/10/2024Pending sale$3,100,000$459/sqft
    Source: CRMLS #OC24151346 Report a problem
    9/9/2024Contingent$3,100,000$459/sqft
    Source: CRMLS #OC24151346 Report a problem
    7/23/2024Listed for sale$3,100,000$459/sqft
    Source: CRMLS #OC24151346 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$39,070 +350.7%$2,920,000 +432.5%
    2024$8,668 +1.9%$548,406 +2%
    2023$8,508 +6%$537,654 +2%
    2022$8,026 +2.7%$527,113 +2%
    2021$7,813 +0.3%$516,779 +1%
    2020$7,789 $511,481 +2%
    2019$7,789 +5.6%$501,453 +2%
    2018$7,374 $491,622 +2%
    2017$7,374 +1.1%$481,983 +2%
    2016$7,292 +7.8%$472,533 +1.5%
    2015$6,765 +3.7%$465,436 +2%
    2014$6,524 $456,320 +4.5%
    2011-- $436,621 +0.8%
    2010-- $433,359 -0.2%
    2009-- $434,390 +2%
    2008-- $425,874 +2%
    2007-- $417,525 +2%
    2006-- $409,339
    2005-- $409,339 +4%
    2004-- $393,446 +3.9%
    2002-- $378,664 +4%
    2000-- $363,962
    Find assessor info on the county website

    Neighborhood: Traffic Circle

    Nearby schools

    GreatSchools rating