NOT LISTED FOR SALE

1039 Saint Louis Ave Long Beach, CA 90804

Hellman Neighborhood

Estimated Value: $1,223,133 - $1,417,000

9 Beds
5 Baths
2,892 Sq Ft
$458/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $780,000 $270 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,027/month

16 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Woodrow Wilson High School Rated A

About This Home

As of December 2016

Excellent Opportunity to Own a Well Maintained Four Unit MultiFamily Building in the City of Long Beach! 100% Performing Leases at TOP MARKET RENTS!! Some of the Units have been Remodeled with New flooring, New cabinetry, Granite countertops, Appliances, Fixtures, Paint, Lighting, and a Community Laundry Room-Leased! Each Unit has Plenty of parking, offering 3 (1) car Garages with newer garage doors, and additional spaces. Courtyards and patio space! Walkscore is 87 with Libraries, Art Museums & Galleries, Grocery Markets, & Restaurants. Nearby Parks include Douglas MacArthur Park, Rose Park and Orizaba Park. Quick access to transportation. Unit Mix Consists of (1) 1bed/1bath 330Sq Ft, leased at $780/mo through June 2018, (1) 2bed/1bath 865 Sq Ft, leased at $1,635/mo through July 2017, (1) 3/1 720 Sq Ft leased at $1,405/mo through October 2017 and (1) 3bed/1.5bath 865 Sq Ft leased at $1,530/mo through May 2017. This is an Excellent Opportunity for an Investor looking for a turn key Investment that is Cash Flowing and fully Leased. If you’re looking for a Fantastic ROI, you’ve found the one! Don’t Miss out!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 11/09/2016

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,874

Year Built

  • Built in 1924

Lot Details

  • 5,450 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • 2,892 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262008008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Net Operating Income $41,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,874

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7262008008
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 269.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door, On Site
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5450.00

Multi Family

  • Gross Scheduled Income: 64200.00
  • Net Operating Income: 41730.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 22470.00
  • Operating Expense Percent: 35.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5769.01
  • Tax Lot: 3
  • Tax Tract Number: 5769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Daniel Matara Romeo and Carline E
Bought by
Verdugo Woodlands Trust
Current Estimated Value
$1,285,200

Purchase Details

Closed on
Feb 25, 2021
Sold by
Matara Romeo Daniel
Bought by
Matara Romeo Daniel and Matara Eveline Carline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2016
Closed on
Dec 27, 2016
Sold by
Matara Eveline C
Bought by
Matara Romeo Daniel
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$546,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2016
Closed on
Nov 15, 2016
Sold by
Ih3 Property West Lp
Bought by
Matara Romeo Daniel
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2013
Sold by
Wang Wanmiao L
Bought by
Ih3 Property West Lp

Purchase Details

Closed on
Jan 5, 2010
Sold by
Federal Deposit Insurance Corporation
Bought by
Onewest Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2009
Sold by
Wang An Hsiung
Bought by
Wang Wanmiao L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2009
Sold by
Onewest Bank Fsb
Bought by
Wang Wanmiao L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2009
Sold by
Raney Daniel V and Rolf Andrew J
Bought by
First Federal Bank Of California

Purchase Details

Closed on
Jul 5, 2007
Sold by
Raney Daniel V and Rolf Andrew J
Bought by
Raney Daniel V and Rolf Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2006
Sold by
Jevremov Dusanka
Bought by
Raney Daniel V and Rolf Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 1, 2000
Sold by
Ty Kuttama and Tan Sheena
Bought by
Jevremov Dusanka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,292
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 2000
Sold by
Tim Sothim Chhuon and Tim Kanhok
Bought by
Ty Kuttama and Tan Sheena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,422
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 1994
Sold by
Mondaya Chung Johnny Yiu Kwan and Mondaya Chung
Bought by
Tim Sothim Chhuon and Tim Kanhok
Source: Public Records

Range of Values:

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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
Verdugo Woodlands Trust -- Coffeen Law Group
Matara Romeo Daniel -- Stewart Title Of Ca Inc
Matara Romeo Daniel -- Fidelity National Title Co
Matara Romeo Daniel $780,000 Fidelity National Title Co
Ih3 Property West Lp $615,000 Fidelity National Title
Ih3 Property West Lp $615,000 Fidelity National Title
Onewest Bank Fsb -- None Available
Wang Wanmiao L -- None Available
Wang Wanmiao L -- Fidelity Van Nuys
First Federal Bank Of California $425,000 Accommodation
Raney Daniel V -- Fidelity National Title
Raney Daniel V $710,000 Commonwealth Title
Jevremov Dusanka $240,000 Chicago Title Co
Ty Kuttama $193,000 Equity Title
Tim Sothim Chhuon -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matara Romeo Daniel $520,000
Previous Owner Matara Romeo Daniel $546,000
Previous Owner Wang Wanmiao L $300,000
Previous Owner Onewest Bank Fsb $309,750
Previous Owner Wang Wanmiao L $309,750
Previous Owner Wang Wanmiao L $309,750
Previous Owner Raney Daniel V $560,000
Previous Owner Raney Daniel V $142,000
Previous Owner Raney Daniel V $497,000
Previous Owner Jevremov Dusanka $312,000
Previous Owner Jevremov Dusanka $310,250
Previous Owner Jevremov Dusanka $235,615
Previous Owner Jevremov Dusanka $236,292
Previous Owner Ty Kuttama $191,422
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $780,000 +0.6% $270 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $775,000 -- $268 / 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 $11,874 $905,253 $580,292 $324,961
2024 $11,874 $887,504 $568,914 $318,590
2023 $11,672 $870,103 $557,759 $312,344
2022 $10,964 $853,043 $546,823 $306,220
2021 $10,738 $836,317 $536,101 $300,216
2020 $10,710 $827,742 $530,604 $297,138
2019 $10,586 $811,512 $520,200 $291,312
2018 $10,252 $795,600 $510,000 $285,600
2017 $10,143 $780,000 $500,000 $280,000
2016 $7,953 $636,852 $362,437 $274,415
2015 $7,639 $627,287 $356,993 $270,294
2014 $7,599 $615,000 $350,000 $265,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jessica Nieto

    Brooke Realty

    Section Image
  • Matt Mahowald

    Buyer's Agent in 2016

    Matt Mahowald

    Buckingham Investments, Inc

    (310) 982-7055

    1 in this area

    28 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16739584

California Regional Multiple Listing Service (CRMLS)

APN: 7262-008-008

California Los Angeles County Long Beach 90804 Hellman

1039 Saint Louis Ave, Long Beach, CA

This home is located at 1039 Saint Louis Ave, Long Beach, CA 90804 since 09 November 2016 and is currently estimated at $1,324,283, approximately $457 per square foot. This property was built in 1924. 1039 Saint Louis Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Creative Arts School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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