NOT LISTED FOR SALE
16 Beds
16 Baths
7,000 Sq Ft
6,085 Sq Ft Lot

Sale Details

Date Sold: January 29, 2019

Last sale price $2,050,000 $293 Per Sq Ft

33 Days on Market

About This Home

As of January 2019

This home is located at 1025 Gaviota Ave, Long Beach, CA 90813 since 14 November 2018. This property was built in 1987. 1025 Gaviota Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Last Agent to Sell the Property

Byron Field

Keller Williams Larchmont License #01934775 Listed on: 11/14/2018

Keller Williams Larchmont

Last Buyer's Agent

ELAINE LEE HO

UPGRADE REALTY License #01041593

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,085

Interior Spaces

  • 7,000 Sq Ft Home
  • 3-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces

Additional Features

  • 6,085 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7267-011-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,085 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: This three-story 9 unit building located on the Eastside of Long Beach was constructed in 1987 consisting of 2 - 1bd and 7 - 2bd + 2ba units w/balconies. There's also a laundry room that can be used for added income along with a carport featuring 9 storage units and 12 parking spaces. Recently updates include the following: 7 yr old roof, granite counter tops, tubs, sinks and wood laminate flooring throughout. This location offers significant rental upside with solid growth continuing.
  • Living Area: 7000
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 16.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 292.86

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Carport Spaces: 12
  • Parking Garage: Carport
  • Total Parking: 12

Utilities

  • Heating: Wall
  • Water Expense: 4320.00

Fee Information

  • Insurance Expense: 3850.00
  • Maintenance Expense: 4950.00
  • Management Expense: 9612.00

Lot Info

  • Assessed Improvement Value: 735649
  • Assessed Land Value: 396115
  • Assessor Parcel Number: 7267-011-011
  • Geocode Override: No
  • Lot Size Area: 6085

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 9
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 25625.00

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

Listed on
Nov 14, 2018
Closed on
Dec 17, 2018
Sold by
Bought by
Seller's Agent
Byron Field
Keller Williams Larchmont
Buyer's Agent
ELAINE LEE HO
UPGRADE REALTY
List Price
$2,050,000
Sold Price
$2,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,370,000
Outstanding Balance
$1,180,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2013
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
$850,000
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 5, 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
$650,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 2004
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
$682,500
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 1999
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
$273,000
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 1999
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
$273,000
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,050,000 First American Title Company
-- Accommodation
$1,000,000 First American Title
$1,000,000 First American Title
-- None Available
-- First American Title Ins Co
-- First American Title Ins Co
$975,000 First American Title Ins Co
-- North American Title Co
$364,000 North American Title Co
$262,500 North American Title Co
$275,000 --
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 $1,370,000
Previous Owner $850,000
Previous Owner $650,000
Previous Owner $682,500
Previous Owner $273,000
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
04/09/2019 04/09/19 For Sale $2,050,000 0.0% $293 / Sq Ft
01/29/2019 01/29/19 Sold $2,050,000 0.0% $293 / Sq Ft
01/04/2019 01/04/19 Off Market $2,050,000 -- --
11/14/2018 11/14/18 Price Changed $2,050,000 -8.9% $293 / Sq Ft
11/14/2018 11/14/18 For Sale $2,250,000 -- $321 / Sq Ft
Source: The MLS

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 $31,050 $2,286,809 $1,561,724 $725,085
2024 $29,683 $2,241,970 $1,531,102 $710,868
2023 $29,179 $2,198,011 $1,501,081 $696,930
2022 $27,394 $2,154,914 $1,471,649 $683,265
2021 $26,831 $2,112,662 $1,442,794 $669,868
2019 $15,893 $1,185,385 $412,117 $773,268
2018 $15,448 $1,162,298 $404,037 $758,261
2016 $14,200 $1,109,574 $388,349 $721,225
2015 $13,647 $1,092,908 $382,516 $710,392
2014 $13,587 $1,071,501 $375,024 $696,477
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-407632

The MLS
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