NOT LISTED FOR SALE

Estimated Value: $1,431,000 - $1,584,735

7 Beds
3 Baths
3,040 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $1,350,000 $444 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,458/month

30 Days on Market

About This Home

As of October 2021

1030 Myrtle Ave is a 4-unit located in North Alamitos Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The 4-unit was built in 2005 and consists of 3,040 SF of living space situated on a 6,535 SF lot. 1030 Myrtle Ave offers an ideal unit mix consisting of (3) 3-Bed/1-Bath units and (1) 1-Bed/1-Bath unit. The property features (4) 2-car garage spaces, on-site laundry, and separate meters for gas & electric.
Located in one of the strongest rental markets in California and currently performing above a 5% cap rate - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/06/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/06/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 6,535 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,040 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 10 / 13
  • Tax Tract Number 3662
  • Assessor Parcel Number 7274010011

Community Details

Overview

  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,824
  • Maintenance Expense $3,337
  • Other Expense $3,200
  • New Taxes Expense $16,212
  • Operating Expense $25,773
  • Gross Income $111,228
  • Net Operating Income $79,894

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.81
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7274010011
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 444.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 6535.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 111228.00
  • Gross Multiplier: 12.36
  • Gross Operating Income: 105667.00
  • Gross Scheduled Income: 111228.00
  • Insurance Expense: 1824.00
  • Lot Size Area: 6535.0000 Square Feet
  • Maintenance Expense: 3337.00
  • Net Operating Income: 79894.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26839.00
  • Operating Expense Percent: 24.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 111228.00
  • Total Expenses: 25773.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16212.00
  • Tax Block: 13
  • Tax Census Tract: 5763.02
  • Tax Lot: 10
  • Tax Tract Number: 3662

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2025
Sold by
Jenks Family Trust and Jenks Christopher John
Bought by
1030 Myrtle Ave Llc
Current Estimated Value
$1,516,684

Purchase Details

Closed on
Nov 21, 2019
Sold by
Palting Melchorn N and Palting Gregoria A
Bought by
Palting Melchor N and Palting Gregoria A

Purchase Details

Closed on
Jan 19, 2006
Sold by
Palting Melchor N and Palting Gregoria A
Bought by
Palting Melchor N

Purchase Details

Closed on
Aug 30, 2002
Sold by
Lamelas Ramon and Lamelas Carmen
Bought by
Cal To Cal Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.24%

Purchase Details

Closed on
Aug 10, 2000
Sold by
Jenkins Mack and Goodall Rosemary
Bought by
Lamelas Ramon

Purchase Details

Closed on
May 17, 1996
Sold by
Jenkins Mack
Bought by
Jenkins Mack and Goodall Rosemary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
1030 Myrtle Ave Llc -- None Listed On Document
Palting Melchor N -- None Available
Palting Melchor N -- None Available
Cal To Cal Investments Llc $99,000 Fidelity National Title Co
Lamelas Ramon $42,000 Fidelity National Title Co
Jenkins Mack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cal To Cal Investments Llc $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2021 10/04/21 Sold $1,350,000 -1.8% $444 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $1,375,000 -6.8% $452 / Sq Ft
07/06/2021 07/06/21 For Sale $1,475,000 -- $485 / 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 $18,325 $1,432,630 $933,863 $498,767
2024 $18,325 $1,404,540 $915,552 $488,988
2023 $18,018 $1,377,000 $897,600 $479,400
2022 $16,912 $1,350,000 $880,000 $470,000
2021 $14,198 $1,123,627 $618,627 $505,000
2020 $14,161 $1,112,106 $612,284 $499,822
2019 $13,206 $1,025,000 $564,100 $460,900
2018 $11,530 $900,000 $495,300 $404,700
2016 $8,178 $655,000 $360,500 $294,500
2015 $7,404 $605,000 $333,000 $272,000
2014 $6,307 $500,000 $275,200 $224,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21143593

California Regional Multiple Listing Service (CRMLS)

APN: 7274-010-011