C
Seller's Agent in 2017
Chris Eto
Ocean Palisades Realty, Inc.
(310) 940-3774
7 Total Sales
1 Bonito Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated Value: $1,797,000 - $3,273,000
4
Beds
4
Baths
3,166
Sq Ft
$803/Sq Ft
Est. Value
Highlights
- Corner Lot
- Long Beach Polytechnic High School Rated A
- No HOA
About This Home
As of April 2017All units tastefully renovated! Very rare opportunity to acquire the convenient core location property just steps from everything that Long Beach offers. This historic 4-unit apartment building is located at the highly desirable corner lot of Ocean Ave and Bonito Ave in Alamitos Beach area. Adjacent to Downtown Long Beach and just steps from the sand. Walk Score 96 out of 100! Walkable to Downtown, Marina, Art District and the Beach.
New exterior paint & new landscaping completed in 2016. Foundation retrofit work(bolt-down with reinforcement. Approx. $8,000 work) completed in 2016.
All units are spacious 750+ square feet units. (2nd floor units are slightly larger with larger bonus rooms) All units have separate small bonus rooms off the living room and patios or balcony. Interior features: granite counter top, dishwasher, tile flooring, recessed lighting,
Zoned R-4. Possibility to develop a higher density property. Adjacent property on the Ocean Ave is a 3-story apartment building. Buyer to verify all development possibility with the City.
Contact Listing Office for additional marketing package.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,706
Year Built
- Built in 1919
Lot Details
- 2,340 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- 3,166 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 5766
- Assessor Parcel Number 7265003027
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gardener Expense $300
- Insurance Expense $1,583
- Maintenance Expense $2,400
- Water Sewer Expense $504
- New Taxes Expense $23,790
- Operating Expense $26,177
- Gross Income $90,720
- Net Operating Income $61,821
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2017
Closed on
Apr 10, 2017
Sold by
Lee Aesuk
Bought by
Pak Yongsu
Seller's Agent
Chris Eto
Ocean Palisades Realty, Inc.
Buyer's Agent
Chris Eto
Ocean Palisades Realty, Inc.
List Price
$1,950,000
Sold Price
$2,050,000
Premium/Discount to List
$100,000
5.13%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,308
Avg. Annual Appreciation
2.61%
Original Mortgage
$877,500
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 2, 2017
Closed on
Apr 7, 2017
Sold by
Vest Usa International Inc
Bought by
Pak Yongsu
Seller's Agent
Chris Eto
Ocean Palisades Realty, Inc.
Buyer's Agent
Chris Eto
Ocean Palisades Realty, Inc.
List Price
$1,950,000
Sold Price
$2,050,000
Premium/Discount to List
$100,000
5.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 1, 2016
Sold by
Lujan Ramon
Bought by
Lujan Ramon and Lujan Norma Tereza
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 17, 2016
Sold by
Lujan Ramon
Bought by
Vest Usa International Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 20, 2012
Closed on
May 24, 2012
Sold by
Bank Of America Na
Bought by
Lujan Ramon and Lujan Norma Tereza
Seller's Agent
Marna Brennan
Marna Brennan, Broker
Buyer's Agent
Marna Brennan
Marna Brennan, Broker
List Price
$534,900
Sold Price
$500,000
Premium/Discount to List
-$34,900
-6.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%
Purchase Details
Closed on
Jun 15, 2011
Sold by
Stefanovic Nebojsa
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp
Purchase Details
Closed on
Dec 19, 2005
Sold by
Lin Jasper and Lin Lydia
Bought by
Stefanovic Nebojsa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 29, 2004
Sold by
Bickford Paul A and Bickford Kendis D
Bought by
Lin Jasper
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pak Yongsu | -- | Title 365 | |
| Pak Yongsu | $2,050,000 | Title 365 | |
| Lujan Ramon | -- | First American Title Company | |
| Vest Usa International Inc | $1,600,000 | Fatcola | |
| Lujan Ramon | $500,000 | Landsafe Title | |
| Bac Home Loans Servicing Lp | $582,500 | None Available | |
| Stefanovic Nebojsa | $1,050,000 | Fidelity National Title | |
| Stefanovic Nebojsa | -- | Fidelity National Title | |
| Lin Jasper | $855,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Park Yongsu | $680,000 | |
| Closed | Pak Yongsu | $877,500 | |
| Previous Owner | Vest Usa International Inc | $880,000 | |
| Previous Owner | Lujan Ramon V | $420,000 | |
| Previous Owner | Milivojevic Mile | $475,000 | |
| Previous Owner | Stefanovic Nebojsa | $157,500 | |
| Previous Owner | Stefanovic Nebojsa | $787,500 | |
| Previous Owner | Lin Jasper | $598,500 | |
| Previous Owner | Bickford Paul A | $480,000 | |
| Previous Owner | Grieder Curtis P | $235,000 | |
| Closed | Lin Jasper | $171,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2017 04/18/17 | Sold | $2,050,000 | 0.0% | $648 / Sq Ft |
| 02/21/2017 02/21/17 | Pending | -- | -- | -- |
| 02/01/2017 02/01/17 | Off Market | $2,050,000 | -- | -- |
| 01/02/2017 01/02/17 | For Sale | $1,950,000 | +290.0% | $616 / Sq Ft |
| 06/15/2012 06/15/12 | Sold | $500,000 | -6.5% | $158 / Sq Ft |
| 05/11/2012 05/11/12 | Pending | -- | -- | -- |
| 01/20/2012 01/20/12 | For Sale | $534,900 | -- | $169 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,706 | $2,379,194 | $1,856,934 | $522,260 |
| 2024 | $29,706 | $2,332,544 | $1,820,524 | $512,020 |
| 2023 | $29,210 | $2,286,809 | $1,784,828 | $501,981 |
| 2022 | $27,390 | $2,241,971 | $1,749,832 | $492,139 |
| 2021 | $26,865 | $2,198,012 | $1,715,522 | $482,490 |
| 2019 | $26,480 | $2,132,820 | $1,664,640 | $468,180 |
| 2018 | $25,878 | $2,091,000 | $1,632,000 | $459,000 |
| 2016 | $6,707 | $530,518 | $212,207 | $318,311 |
| 2015 | $6,444 | $522,550 | $209,020 | $313,530 |
| 2014 | $6,413 | $512,315 | $204,926 | $307,389 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Eto
-
Marna Brennan
Seller's Agent in 2012
Marna Brennan
Marna Brennan, Broker
(562) 621-0903
-
M
Buyer's Agent in 2012
Mary Holmes
Mary Holmes Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17000453
APN: 7265-003-027
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