NOT LISTED FOR SALE

10 Esperanza Ave Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,474,471 - $1,715,000

4 Beds
4 Baths
3,440 Sq Ft
$454/Sq Ft Est. Value

Sale Details

Date Sold: November 6, 2019

Last sale price $1,200,000 $349 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,946 / mo

111 Days on Market

Highlights

  • 0.05 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of November 2019

Rents 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

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 04/09/2019

Last Buyer's Agent

Paul Tran

Refined Realty License #01797068

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

2,307 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7265014042
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 348.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2307.00
  • Lot Size Acres: 0.0530

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 860 Square Feet
  • Gross Income: 5050.00
  • Gross Scheduled Income: 60600.00
  • Lot Size Area: 2307.0000 Square Feet
  • Net Operating Income: 60600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 5050.00

Tax Info

  • Tax Census Tract: 5766.02
  • Tax Lot: 20
  • Tax Tract Number: 5766

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2020
Sold by
Bought by
Current Estimated Value
$1,561,868

Purchase Details

Listed on
Apr 9, 2019
Closed on
Oct 1, 2019
Sold by
Bought by
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
4.02%
Original Mortgage
$780,000
Interest Rate
0.0437%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2018
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2016
Sold by
Bought by

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
0.0344%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2008
Sold by
Bought by

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
0.0514%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- Accommodation
$1,200,000 Fidelity National Title Co
-- None Available
-- None Available
-- Fidelity National Title Co
-- None Available
$625,000 Old Republic Title Company
-- --
-- --
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
Open $1,000,000
Previous Owner $780,000
Previous Owner $312,000
Previous Owner $375,000
Source: Public Records

Property 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 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,519 $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

    Seller's Agent in 2019

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    3 in this area

    50 Total Sales

    Spencer Pabst
    Section Image
  • Paul Tran

    Buyer's Agent in 2019

    Paul Tran

    Refined Realty

    (949) 290-8115

    49 Total Sales

    Paul Tran
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19079957

California Regional Multiple Listing Service (CRMLS)

APN: 7265-014-042

California Los Angeles County Long Beach 90802 Alamitos Beach

10 Esperanza Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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