Seller's Agent in 2019
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
3 in this area
47 Total Sales
10 Esperanza Ave Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,452,285 - $1,694,000
4
Beds
4
Baths
3,440
Sq Ft
$449/Sq Ft
Est. Value
Highlights
- 0.05 Acre Lot
- Long Beach Polytechnic High School Rated A
- Rectangular Lot
About This Home
As of November 2019Rents increased $600, per month, new rental income of $5,650 will take effect in 60 days. Well located 4-plex in Alamitos Beach, 1/2 block from the beach and a few blocks from downtown Long Beach. The property is comprised of (4), large 1-bedroom/1-bath units. The rents are well below market and offer a new investor the opportunity to increase rents over 40% and immediately add value to the asset. These classic Spanish units come with hardwood flooring, spacious living rooms and dining rooms, original built-in's with extra storage. All the units are charming and in good condition. New roof in 2016!
The building is situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion.
Last Agent to Sell the Property
Pabst, Kinney & Associates License #01849377 Listed on: 04/09/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1919
Lot Details
- 2,307 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- On-Street Parking
Home Design
- Property Attached
Interior Spaces
- 3,440 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 20
- Tax Tract Number 5766
- Assessor Parcel Number 7265014042
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $5,050
- Net Operating Income $60,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 6, 2020
Sold by
Sasuman Genalin Ferrer
Bought by
5729 Legacy Llc
Current Estimated Value
Purchase Details
Listed on
Apr 9, 2019
Closed on
Oct 1, 2019
Sold by
10 Esperanza Avenue Llc
Bought by
Sasuman Genalin Ferrer
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Paul Tran
Refined Realty
List Price
$1,395,000
Sold Price
$1,200,000
Premium/Discount to List
-$195,000
-13.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$780,000
Interest Rate
4.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2018
Sold by
Pabst Kristie K
Bought by
10 Esperanza Avenue Llc
Purchase Details
Closed on
Jan 15, 2018
Sold by
Pabst Kristie K
Bought by
Pabst Kristie K and The Pabst Family Trust
Purchase Details
Closed on
Oct 4, 2016
Sold by
Pabst Kristie M
Bought by
Pabst Kristie M and Pabst Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
3.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 2014
Sold by
Hammond Karen Anne
Bought by
Hammond Karen Anne and Hammond Family Bypass Trust
Purchase Details
Closed on
Nov 26, 2008
Sold by
Stucken Charles R
Bought by
Pabst George H and Pabst Kristie Kinney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 2, 2000
Sold by
Laughlin David L
Bought by
Laughlin David Shoots and David Shoots Laughlin Living Trust
Purchase Details
Closed on
Apr 24, 1997
Sold by
Stucken Sara
Bought by
Stucken Sara M and Sara M Stucken Revocable 1997 Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5729 Legacy Llc | -- | Accommodation | |
| Sasuman Genalin Ferrer | $1,200,000 | Fidelity National Title Co | |
| 10 Esperanza Avenue Llc | -- | None Available | |
| Pabst Kristie K | -- | None Available | |
| Pabst Kristie M | -- | Fidelity National Title Co | |
| Hammond Karen Anne | -- | None Available | |
| Pabst George H | $625,000 | Old Republic Title Company | |
| Laughlin David Shoots | -- | -- | |
| Stucken Sara M | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sasuman Genalin Ferrer | $780,000 | |
| Previous Owner | Pabst Kristie M | $312,000 | |
| Previous Owner | Pabst George H | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2019 11/06/19 | Sold | $1,200,000 | -5.9% | $349 / Sq Ft |
| 07/29/2019 07/29/19 | Pending | -- | -- | -- |
| 07/23/2019 07/23/19 | Price Changed | $1,275,000 | -1.5% | $371 / Sq Ft |
| 05/20/2019 05/20/19 | Price Changed | $1,295,000 | -7.2% | $376 / Sq Ft |
| 04/09/2019 04/09/19 | For Sale | $1,395,000 | -- | $406 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $16,760 | $1,312,370 | $853,041 | $459,329 |
| 2024 | $16,760 | $1,286,638 | $836,315 | $450,323 |
| 2023 | $16,476 | $1,261,411 | $819,917 | $441,494 |
| 2022 | $15,461 | $1,236,679 | $803,841 | $432,838 |
| 2021 | $15,149 | $1,212,431 | $788,080 | $424,351 |
| 2020 | $15,109 | $1,200,000 | $300,000 | $900,000 |
| 2019 | $9,427 | $721,496 | $346,318 | $375,178 |
| 2018 | $9,189 | $707,350 | $339,528 | $367,822 |
| 2016 | $8,445 | $679,885 | $326,345 | $353,540 |
| 2015 | $8,111 | $669,673 | $321,443 | $348,230 |
| 2014 | $8,065 | $656,556 | $315,147 | $341,409 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Pabst
-
Paul Tran
Buyer's Agent in 2019
Paul Tran
Refined Realty
(949) 290-8115
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19079957
APN: 7265-014-042
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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. 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
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