$305,000
SOLD SEP 18, 2018
2 Beds
1 Bath
687 Sq Ft
$85/mo HOA Fee

Recently Sold

$444 Per Sq Ft

3% Below List Price

14 Days on Market

Highlights

  • 7,535 Sq Ft lot
  • Property is near public transit
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Crown Molding

About This Home

As of September 2018

FANTASTIC INVESTOR OPPORTUNITY - Tenants Just Renewed a 12 Month Lease! INVESTORS - Unit renting for $1750 per month. Alamitos Beach- Short walk to the Beach and Volleyball Courts!!! Enjoy the great California weather and only minutes away from the Pacific Ocean, Beach, Pier, Shoreline Village, bike paths, 4th street, The Pike, famous Pine Ave. and the Promenade. This whole area is thriving with culture, night life, great restaurants and shopping. Top Floor Corner unit. Located in a Gated Building this home shows like new! Corner unit enjoys windows in every living space to allow natural light and breeze to fill the space. Smooth ceilings, mocha flooring throughout, base boards and crown molding. The cooks kitchen offers Granite counter tops, built in microwave hood and an antique free standing range. The master bedroom includes a spacious walk- in closet, standard closet in the second bedroom. The bathroom features subway tile and custom floor tile which offers a clean designer look! A stackable washer & Dryer come with the unit as well as a stainless steel refrigerator. No assigned parking or garage. Please make sure your lender finances OYO - Own Your Own, property type before submitting offers. 12 Units in Building - per Association most are rentals. HOA $85 month - pays for Water, Gas, Sewage, Trash.

Last Agent to Sell the Property

Michelle Lin

Smart Realty Group License #01926224 Listed on: 08/03/2018

Last Buyer's Agent

Kimberly Ortiz

Realty One Group West License #01877066

Realty One Group West

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,447

Year Built

  • Built in 1941

HOA Fees

  • $85 Monthly HOA Fees

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 687 Sq Ft Home
  • Crown Molding
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • 1 Common Wall
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 7265002136

Community Details

Overview

  • Colonial Homeowners Association, Phone Number (562) 597-3390

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $296
  • New Taxes Expense $2,857
  • Operating Expense $3,153
  • Gross Income $1,750
  • Net Operating Income $1,665

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,447

Year Built

Built in 1941

Lot Details

0

HOA Fees

$85 per month

Listing Details

  • Assessments: No
  • Other Phone Description: Megan (TC)
  • Other Phone Number: 714-425-0436
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 7265002136
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Interior Amenities: Crown Molding, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 443.96
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Gas, Trash, Sewer, Water, Dues Paid Monthly
  • Association Fee: 85.00
  • Association Fee Frequency: Monthly
  • Association Name: Colonial Homeowners Association
  • Phone: 562-597-3390
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7535.00

Multi Family

  • Gross Income: 1750.00
  • Gross Scheduled Income: 1750.00
  • Insurance Expense: 296.00
  • Net Operating Income: 1665.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 85.00
  • Rent Control: No
  • Total Expenses: 3152.96

Tax Info

  • New Taxes Expense: 2856.90
  • Tax Census Tract: 5766.01
  • Tax Lot: 0000
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2021
Sold by
K & J Apartments Llc
Bought by
Carlson Alek
Current Estimated Value
$381,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,950
Outstanding Balance
$257,849
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$124,119

Purchase Details

Closed on
Feb 1, 2019
Sold by
K & J Apartments Llc
Bought by
K & J Apartments Llc

Purchase Details

Listed on
Aug 3, 2018
Closed on
Aug 28, 2018
Sold by
Herrera Lucano
Bought by
Sanfam Lllp
Seller's Agent
Michelle Lin
Smart Realty Group
Buyer's Agent
Kimberly Ortiz
Realty One Group West
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%

Purchase Details

Listed on
Aug 12, 2015
Closed on
Oct 15, 2015
Sold by
Ricci Riccardo
Bought by
Herrera Lucano
Seller's Agent
Justin Capizzi
eXp Realty of California Inc
Buyer's Agent
Justin Capizzi
eXp Realty of California Inc
Sold Price
$1,550

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 1, 2015
Sold by
Ricci Riccardo
Bought by
Ricci Riccardo and Capizzi Justin
Seller's Agent
Justin Capizzi
eXp Realty of California Inc
Buyer's Agent
Justin Capizzi
eXp Realty of California Inc
Sold Price
$1,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%

Purchase Details

Listed on
Mar 10, 2015
Closed on
Mar 4, 2015
Sold by
Executive Investments Inc
Bought by
Ricci Riccardo
Seller's Agent
Justin Capizzi
eXp Realty of California Inc
Buyer's Agent
Justin Capizzi
eXp Realty of California Inc
Sold Price
$1,525

Purchase Details

Listed on
Sep 4, 2013
Closed on
Nov 12, 2014
Sold by
Willis Richard
Bought by
Executive Investments Inc
Seller's Agent
Brent Houston
NextGEN Real Estate Corp
Buyer's Agent
Brisa Cabrera
F.A.I.R Plan Inc.
List Price
$135,000
Sold Price
$162,000
Premium/Discount to List
$27,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
137.51%

Purchase Details

Closed on
Jun 3, 2005
Sold by
Willis Linne M
Bought by
Willis Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2005
Sold by
Reilly Robert Patrick and Reilly Debbie L
Bought by
Willis Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $327,000 Chicago Title Company
Quit Claim Deed -- None Available
Grant Deed $305,000 Ticor Title
Grant Deed $215,000 Lawyers Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Grant Deed $210,000 Ticor Title
Interfamily Deed Transfer -- Ticor Title
Grant Deed $162,000 Ticor Title
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $230,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $277,950 New Conventional
Previous Owner $37,000 Stand Alone Second
Previous Owner $136,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Off Market $2,300 -- --
10/02/2024 10/02/24 For Rent $2,300 0.0% --
09/18/2018 09/18/18 Sold $305,000 -3.2% $444 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $315,000 0.0% $459 / Sq Ft
09/09/2015 09/09/15 Rented $1,550 0.0% --
08/12/2015 08/12/15 For Rent $1,550 0.0% --
03/10/2015 03/10/15 Sold $210,000 0.0% $306 / Sq Ft
03/10/2015 03/10/15 Rented $1,525 +5.2% --
03/10/2015 03/10/15 For Rent $1,450 0.0% --
03/03/2015 03/03/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $209,900 +29.6% $306 / Sq Ft
11/19/2014 11/19/14 Sold $162,000 -1.8% $236 / Sq Ft
06/03/2014 06/03/14 Price Changed $165,000 +3.1% $240 / Sq Ft
01/11/2014 01/11/14 Price Changed $160,000 -5.9% $233 / Sq Ft
12/20/2013 12/20/13 Price Changed $170,000 +25.9% $247 / Sq Ft
09/04/2013 09/04/13 For Sale $135,000 -- $197 / 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
2024 $4,447 $340,210 $132,130 $208,080
2023 $4,371 $333,540 $129,540 $204,000
2022 $4,102 $327,000 $127,000 $200,000
2021 $3,945 $314,322 $123,668 $190,654
2020 $3,935 $311,100 $122,400 $188,700
2019 $3,889 $305,000 $120,000 $185,000
2018 $2,888 $223,581 $156,060 $67,521
2017 $2,857 $219,198 $153,000 $66,198
2016 $2,639 $213,202 $152,287 $60,915
2015 $1,994 $162,000 $127,000 $35,000
2014 $1,805 $150,000 $115,000 $35,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18188689

California Regional Multiple Listing Service (CRMLS)

APN: 7265-002-136