NOT LISTED FOR SALE

1049 Pine Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $4,480,879

Studio
7 Baths
9,816 Sq Ft
$456/Sq Ft Est. Value

Last Sold July 03, 2013

Last sale price $1,550,000 $158 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $27,576/month

6 Days on Market

Highlights

  • 7,503 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan

About This Home

As of July 2013

The Pine Courtyard Apartments is a 23-unit building built in 1924, consisting of 19 studio apartments, two one-bedroom, one-bathroom units and two ground-floor retail spaces. Both retail units have been leased for several years. The property is situated on a flat lot with an open central courtyard that offers private entrances for the tenants. Mos of the tenants have resided at the property for more than five years. The rents are approximately 12% under market, Long Beach, is a non-rent controlled market.

Last Agent to Sell the Property

Rob Stepp

Berkadia Listed on: 05/02/2013

Last Buyer's Agent

Rob Stepp

Berkadia Listed on: 05/02/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,503

Interior Spaces

  • 9,816 Sq Ft Home
  • Ceiling Fan
  • Oven or Range

Additional Features

  • 7,503 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 21 Units

Listing and Financial Details

  • Assessor Parcel Number 7273-005-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9816
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Equipment: Range/Oven
  • Price Per S Q F T: 165.55

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 7273-005-029
  • Geocode Override: No
  • Lot Size Area: 7503

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 9.92
  • Number Of Units: 21
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2020
Sold by
Soundboard Investments Llc
Bought by
Ahst 146 Llc
Current Estimated Value
$4,480,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,097,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2016
Sold by
Johnson Mark R
Bought by
Soundboard 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
$1,450,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2014
Sold by
Johnson Mark R
Bought by
M & D Johnson Revocable Trust

Purchase Details

Listed on
May 2, 2013
Closed on
May 13, 2013
Sold by
Geiger Thomas
Bought by
Johnson Mark R and Johnson Debra L
Seller's Agent
Rob Stepp
Berkadia
Buyer's Agent
Rob Stepp
Berkadia
List Price
$1,625,000
Sold Price
$1,550,000
Premium/Discount to List
-$75,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$1,085,000
Interest Rate
3.57%
Mortgage Type
Commercial
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
Ahst 146 Llc $3,495,000 First American Title Company
Soundboard Investments Llc -- First American Title Company
M & D Johnson Revocable Trust -- None Available
Johnson Mark R $1,550,000 North American Title
Franklin Bruce -- North American Title
Geiger Thomas -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahst 146 Llc $2,097,000
Previous Owner Soundboard Investments Llc $1,450,000
Previous Owner Johnson Mark R $1,085,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2013 07/03/13 Sold $1,550,000 -4.6% $158 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $1,625,000 -- $166 / Sq Ft
Source: The MLS

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 $49,753 $3,783,098 $876,769 $2,906,329
2024 $49,753 $3,708,921 $859,578 $2,849,343
2023 $48,875 $3,636,198 $842,724 $2,793,474
2022 $46,223 $3,564,900 $826,200 $2,738,700
2021 $44,980 $3,495,000 $810,000 $2,685,000
2020 $24,198 $1,739,782 $538,027 $1,201,755
2019 $23,909 $1,705,717 $527,478 $1,178,239
2018 $23,241 $1,672,320 $517,136 $1,155,184
2016 $21,407 $1,605,077 $497,056 $1,108,021
2015 $20,591 $1,580,968 $489,590 $1,091,378
2014 -- $1,550,000 $480,000 $1,070,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rob Stepp

    Berkadia

See All Agents

Map

Source: The MLS

MLS Number: 13-669849

The MLS

APN: 7273-005-029

California Los Angeles County Long Beach 90813 Saint Mary's

1049 Pine Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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