Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
5 in this area
76 Total Sales
1026 E Broadway Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,711,000 - $1,951,000
2
Beds
2
Baths
7,315
Sq Ft
$253/Sq Ft
Est. Value
Highlights
- 0.26 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of May 2024Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 10/02/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 0.26 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 7265002028
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,315 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Parking Lot
- Off-Site Parking
Listing and Financial Details
- Legal Lot and Block 5 / 96
- Tax Tract Number 5766
- Assessor Parcel Number 7265002026
- $791 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 9 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $950
- Fuel Expense $950
- Gardener Expense $2,340
- Insurance Expense $7,500
- Maintenance Expense $4,500
- Other Expense $2,250
- Pest Control $750
- Professional Management Expense $10,624
- Trash Expense $950
- Water Sewer Expense $950
- New Taxes Expense $38,849
- Operating Expense $71,363
- Gross Income $236,084
- Net Operating Income $164,721
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2023
Closed on
May 14, 2024
Sold by
Vmg Holdings V Llc
Bought by
Pom Realty Group Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Alondra Ruiz
Coldwell Banker West
List Price
$3,625,000
Sold Price
$3,125,000
Premium/Discount to List
-$500,000
-13.79%
Views
125
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
-$1,277,000
Avg. Annual Appreciation
-27.70%
Purchase Details
Closed on
Aug 17, 2020
Sold by
Moyer Roy David
Bought by
Holdings V Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,340,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 25, 2007
Sold by
Moyer Roy David
Bought by
Moyer Roy David and Moyer Trust
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 |
|---|---|---|---|
| Pom Realty Group Llc | $3,125,000 | Ticor Title Company | |
| Holdings V Llc | $2,150,000 | Ticor Title Company | |
| Moyer Roy David | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Holdings V Llc | $13,340,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2024 05/21/24 | Sold | $3,125,000 | +2.5% | $427 / Sq Ft |
| 04/19/2024 04/19/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | Price Changed | $3,050,000 | -7.4% | $417 / Sq Ft |
| 10/23/2023 10/23/23 | Price Changed | $3,295,000 | -9.1% | $450 / Sq Ft |
| 10/02/2023 10/02/23 | For Sale | $3,625,000 | -- | $496 / 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 | $11,301 | $1,122,000 | $612,000 | $510,000 |
| 2024 | $11,301 | $843,659 | $509,379 | $334,280 |
| 2023 | $11,108 | $827,118 | $499,392 | $327,726 |
| 2022 | $10,434 | $810,900 | $489,600 | $321,300 |
| 2021 | $10,212 | $795,000 | $480,000 | $315,000 |
| 2019 | $5,002 | $352,857 | $130,921 | $221,936 |
| 2018 | $4,842 | $345,939 | $128,354 | $217,585 |
| 2016 | $4,444 | $332,508 | $123,371 | $209,137 |
| 2015 | $4,276 | $327,514 | $121,518 | $205,996 |
| 2014 | $4,266 | $321,099 | $119,138 | $201,961 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Alondra Ruiz
Buyer's Agent in 2024
Alondra Ruiz
Coldwell Banker West
(619) 729-8518
1 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23182166
APN: 7265-002-026
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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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