NOT LISTED FOR SALE

1043 Alamitos Ave Long Beach, CA 90813

Saint Mary's Neighborhood
5 Beds
5 Baths
2,240 Sq Ft
4,552 Sq Ft Lot

Last Sold August 30, 2023

Last sale price $815,000 $364 Per Sq Ft

106 Days on Market

Highlights

  • Tankless Water Heater
  • 1-Story Property
  • 4-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2023

We are pleased to offer the opportunity to acquire 1043 Alamitos Avenue, a 3-unit apartment building located in a rapidly evolving neighborhood of Long Beach. 1043 Alamitos Avenue is a unique property that offers a buyer the opportunity to convert the unused garage space into a brand new 1-bedroom ADU unit which will provide an investor with over 95% rental upside potential. Built in 1929, this 2,240 SqFt bungalow style apartment features gated access to the building and a great unit mix of majority 2-bedroom units. The front two structures have been completed renovated with new bathrooms, restored hardwood floors, new cabinetry, and new utility lines throughout. The property is well-maintained with all units possessing new tankless water heaters, new roofs, and utility lines, but still offers plenty of potential for an investor to capitalize on the incomplete renovations for the 1-bedroom unit and easily convert the garage into a large 1-bedroom ADU.

Last Agent to Sell the Property

Kyle Mirrafati

Matthews Real Estate Investment Services License #01911204 Listed on: 04/13/2023

Last Buyer's Agent

Joseph Finkelstein

Buckingham Investments, Inc License #02119882

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 4,552 Sq Ft Lot
  • Property is zoned LBR4N

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Tankless Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7274-008-002

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2240
  • Lot Acreage: 0.1045
  • Probate: No
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 383.48

Exterior Features

  • Other Structures: None

Utilities

  • Water Heater: Tankless
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.04
  • Assessed Improvement Value: 151297
  • Assessed Land Percent: 69.96
  • Assessed Land Value: 352319
  • Total Assessed Value: 503616
  • Assessor Parcel Number: 7274-008-002
  • Lot Size Area: 4552

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.40
  • Number Of Units: 3
  • Total Annual Expense: 17653
  • Type Of Units: Bungalow
  • Vacancy Rate: 0

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

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $815,000 -5.1% $364 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
06/22/2023 06/22/23 Price Changed $859,000 -4.6% $383 / Sq Ft
05/15/2023 05/15/23 For Sale $900,000 0.0% $402 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $900,000 +100.0% $402 / Sq Ft
02/28/2014 02/28/14 Sold $450,000 0.0% $201 / Sq Ft
02/28/2014 02/28/14 Pending -- -- --
11/11/2013 11/11/13 For Sale $450,000 -- $201 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kyle Mirrafati

    Seller's Agent in 2023

    Kyle Mirrafati

    Matthews Real Estate Investment Services

    (866) 889-0550

    1 in this area

    24 Total Sales

    Kyle Mirrafati
    Section Image

  • J

    Buyer's Agent in 2023

    Joseph Finkelstein

    Buckingham Investments, Inc

  • R

    Seller's Agent in 2014

    Roger Berkley

    Berkshire Hathaway HomeServices California Properties

    Section Image

  • E

    Buyer's Agent in 2014

    Estevan Chantes

    Estevan Chantes, BROKER

    (626) 253-3538

    9 Total Sales

    Estevan Chantes
    Section Image
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Map

Source: The MLS

MLS Number: 23-259695

The MLS
California Los Angeles County Long Beach 90813 Saint Mary's

1043 Alamitos Ave, Long Beach, CA

This home is located at 1043 Alamitos Ave, Long Beach, CA 90813 since 13 April 2023. This property was built in 1929. 1043 Alamitos Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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