NOT LISTED FOR SALE

1001 E Market St Long Beach, CA 90805

Lindbergh Neighborhood
3 Beds
3 Baths
1,827 Sq Ft
5,401 Sq Ft Lot

Last Sold August 28, 2012

Last sale price $310,000 $170 Per Sq Ft

16 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Heating System Uses Natural Gas

About This Home

As of August 2012

REO. Well built mid-century duplex with character + detached small retail building + 2 car garage + billboard. 45x120 corner lot, xoned CNR (neighborhood commercial and residential). A+ retail location directly across from Lindbergh School entrance. Tons of kids walk past, and the small store a couple doors down kills it. Raised foundations, tile kitchens and baths, brick planters, private patios, separate meters. 1001: 1 bed, + office used as 2nd bed, rented $990 Sec 8. 1003: 1 bed, 1 bath with large private patio, rented $851 Sec 8. 1019: the commercial building, currently used as 1 bed, 1 bath residential, $500/mo. Billboard lease is with Clear Channel, $130 a year and expires in 9 years (should be $1500 a month), lease is from the '70s. NO rent control. Could be sold with 10% SBA for owner user.

Last Agent to Sell the Property

Leo Nordine

Leo Nordine Realtors License #00961679 Listed on: 06/02/2012

Last Buyer's Agent

Rafael Vargas

U.S. CAPITAL GROUP License #00847396

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,401 Sq Ft Lot
  • Lot Dimensions are 45x120
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 1,827 Sq Ft Home
  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 255
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127016031

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • View: No
  • Zoning: LBCNR
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7127016031
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 169.68

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size: 45x120
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 5401.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 2341.00

Tax Info

  • Tax Lot: 255
  • Tax Tract Number: 5737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2017
Sold by
Henriquez Ramon
Bought by
Henriquez Ramon and Henriquez Ana

Purchase Details

Closed on
Jul 31, 2016
Sold by
Palmas Del Vista Llc
Bought by
Henriquez Ramon

Purchase Details

Listed on
Jun 2, 2012
Closed on
Aug 14, 2012
Sold by
Diamond Shield Investments Llc
Bought by
Palmas Del Vista Llc
Seller's Agent
Leo Nordine
Leo Nordine Realtors
Buyer's Agent
Rafael Vargas
U.S. CAPITAL GROUP
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Purchase Details

Closed on
May 15, 2012
Sold by
Davidson Yuki Isogai
Bought by
Diamond Shield Investments Llc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Davidson Phillips
Bought by
Davidson Yuki

Purchase Details

Closed on
Jun 12, 2003
Sold by
Jambor Norbert H and Mcduffie Jambor Wanda
Bought by
Davidson Yuki Isogai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2002
Sold by
Jambor Norbert H
Bought by
Jambor Norbert H and Mcduffie Jambor Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2000
Sold by
Folkmann Ales
Bought by
Jambor Norbert H

Purchase Details

Closed on
Aug 11, 2000
Sold by
Pro Value Properties
Bought by
Folkomann Ales

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,981
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 29, 2000
Sold by
Mapes Kenneth P and Mapes Deborah A
Bought by
Pro Value Properties Inc

Purchase Details

Closed on
Aug 29, 1997
Sold by
Trust Mapes Kenneth P Jr Tr Kenneth P Ma and Mapes Deborah A
Bought by
Mapes Kenneth P and Mapes Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,958
Interest Rate
7.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 1995
Sold by
Mapes Kenneth P
Bought by
Mapes Kenneth P and Mapes Deborah A
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

Date Buyer Sale Price Title Company
Henriquez Ramon -- None Available
Henriquez Ramon -- None Available
Palmas Del Vista Llc $310,000 North American Title Company
Diamond Shield Investments Llc -- None Available
Davidson Yuki -- Diversified Title
Davidson Yuki Isogai $295,000 Diversified Title & Escrow S
Jambor Norbert H -- American Title Co
Jambor Norbert H -- --
Folkomann Ales $155,000 Orange Coast Title
Pro Value Properties Inc $79,700 --
Mapes Kenneth P -- United Title Company
Mapes Kenneth P -- --
Mapes Kenneth P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidson Yuki Isogai $221,250
Previous Owner Jambor Norbert H $161,250
Previous Owner Folkomann Ales $152,981
Previous Owner Mapes Kenneth P $72,958
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2012 08/28/12 Sold $310,000 -1.6% $170 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
06/02/2012 06/02/12 For Sale $315,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,768 $485,119 $348,173 $136,946
2024 $6,768 $475,608 $341,347 $134,261
2023 $6,646 $466,283 $334,654 $131,629
2022 $6,253 $457,142 $328,093 $129,049
2021 $6,116 $448,179 $321,660 $126,519
2019 $6,030 $434,887 $312,120 $122,767
2018 $5,793 $426,360 $306,000 $120,360
2016 $4,330 $322,471 $208,047 $114,424
2015 $4,167 $317,628 $204,922 $112,706
2014 $4,135 $311,407 $200,908 $110,499
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Leo Nordine

    Leo Nordine Realtors

  • R

    Buyer's Agent in 2012

    Rafael Vargas

    U.S. CAPITAL GROUP

    (909) 997-2281

    28 Total Sales

    Rafael Vargas
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1202880

California Regional Multiple Listing Service (CRMLS)

APN: 7127-016-031

California Los Angeles County Long Beach 90805 Lindbergh

1001 E Market St, Long Beach, CA

Not Listed for Sale

MultiFamily

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