NOT LISTED FOR SALE

1040 Prospect Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,515,000 - $2,009,000

8 Beds
4 Baths
4,220 Sq Ft
$437/Sq Ft Est. Value

Last Sold August 08, 2013

Last sale price $922,500 $219 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $10,868/month

11 Days on Market

Highlights

  • Wood Flooring
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of August 2013

Magnificient opportunity for this Spanish Style 4-plex in Long Beach. Each unit is a 2bedroom, 1 bath, hardwood floors, (laminate floors in Unit #2) but carpeted bedrooms. Below market rents and long term tenants occupy this well-maintained building . 5 garages are a bonus!

Last Agent to Sell the Property

Bridget Taylor

Coldwell Banker Realty License #00921523 Listed on: 06/25/2013

Coldwell Banker Realty

Co-Listed By

Lyn Epstein

Coldwell Banker Realty License #01243400

Last Buyer's Agent

Denise Merhoff

First Team Real Estate License #01842333

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,719 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,220 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 7241012007

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Parcel Number: 7241012007
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Wood
  • Price Per Square Foot: 218.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6719.00
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Scheduled Income: 47670.00
  • Lot Size Area: 6719.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 000
  • Tax Tract Number: 000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2018
Sold by
Laperle Wilma Creps
Bought by
Laperle Wilma C and The Wilma C Laperle Trust
Current Estimated Value
$1,845,654

Purchase Details

Listed on
Jun 25, 2013
Closed on
Jul 11, 2013
Sold by
Combs David Paul
Bought by
Laperle William and Laperle Wilma Creps
Seller's Agent
Bridget Taylor
Coldwell Banker Realty
Buyer's Agent
Denise Merhoff
First Team Real Estate
List Price
$939,000
Sold Price
$922,500
Premium/Discount to List
-$16,500
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Nov 13, 2002
Sold by
Combs L Paul L and Combs Janet W
Bought by
Combs David Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,100
Interest Rate
5.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Laperle Wilma C -- None Available
Laperle William $935,000 North American Title Company
Combs David Paul -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Combs David Paul $356,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2013 08/08/13 Sold $922,500 -1.8% $219 / Sq Ft
07/06/2013 07/06/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $939,000 -- $223 / 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 $14,729 $1,130,851 $790,678 $340,173
2024 $14,729 $1,108,678 $775,175 $333,503
2023 $14,482 $1,086,940 $759,976 $326,964
2022 $13,602 $1,065,628 $745,075 $320,553
2021 $13,321 $1,044,734 $730,466 $314,268
2019 $13,131 $1,014,268 $708,800 $305,468
2018 $12,739 $994,391 $694,902 $299,489
2016 $11,708 $955,279 $667,919 $287,360
2015 $11,241 $940,931 $657,887 $283,044
2014 $11,169 $922,500 $645,000 $277,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bridget Taylor

    Coldwell Banker Realty

    (562) 760-7573

    18 Total Sales

    Bridget Taylor
    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lyn Epstein

    Coldwell Banker Realty

  • Denise Merhoff

    Buyer's Agent in 2013

    Denise Merhoff

    First Team Real Estate

    (714) 235-6906

    16 Total Sales

    Denise Merhoff
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13122509

California Regional Multiple Listing Service (CRMLS)

APN: 7241-012-007

California Los Angeles County Long Beach 90804 Recreation Park

1040 Prospect Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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