NOT LISTED FOR SALE

1049 Redondo Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $1,195,000 - $1,380,000

5 Beds
4 Baths
2,206 Sq Ft
$588/Sq Ft Est. Value

Last Sold May 28, 2015

Last sale price $750,000 $340 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,761/month

210 Days on Market

About This Home

As of May 2015

Highly sought after 2BR California Bungalow, enclosed porch, living room & dining room w/large private deck plus 3 units & 5 garages in rear. Separate laundry room (seller owned machines). Complete copper plumbing, upgraded electrical, separate meters. Alley access in rear plus long, gated driveway in front with room to park 3 additional cars. Try approx. $195,000 down for an estimated $1,662/mo cash flow. 10% ROI. Excellent investment opportunity.

Last Agent to Sell the Property

Cheryl Cotton

Y Realty License #00860384 Listed on: 09/17/2014

Co-Listed By

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001

Last Buyer's Agent

Mary La Riccia

Pacific Platinum Properties License #01772344

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,661

Year Built

  • Built in 1919

Lot Details

  • 6,001 Sq Ft Lot
  • 1 Common Wall

Parking

  • 5 Car Garage

Home Design

  • 2,206 Sq Ft Home
  • Property Attached
  • Copper Plumbing

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 5769
  • Assessor Parcel Number 7258006027

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,260
  • Maintenance Expense $1,440
  • New Taxes Expense $10,362
  • Gross Income $5,100
  • Net Operating Income $60,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,661

Year Built

Built in 1919

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Parcel Number: 7258006027
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 339.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1260.00
  • Gross Income: 5100.00
  • Gross Multiplier: 12.81
  • Gross Scheduled Income: 61200.00
  • Gross Spendable Income: 60120.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6001.0000 Square Feet
  • Maintenance Expense: 1440.00
  • Net Operating Income: 60120.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4680.00
  • Rent Control: No
  • Total Actual Rent: 5100.00

Tax Info

  • New Taxes Expense: 10362.00
  • Tax Lot: 12
  • Tax Tract Number: 5769
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2020
Sold by
Mejia Enrique and Powers Cindia Ann
Bought by
Mejia Enrique and Powers Cindia Ann
Current Estimated Value
$1,297,003

Purchase Details

Listed on
Sep 17, 2014
Closed on
Jun 13, 2015
Sold by
Powers Cindia Ann
Bought by
The Mejia Powers Joint Family Trust
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Mary La Riccia
Pacific Platinum Properties
List Price
$829,900
Sold Price
$750,000
Premium/Discount to List
-$79,900
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$562,500
Outstanding Balance
$432,700
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$864,303

Purchase Details

Listed on
Sep 17, 2014
Closed on
May 11, 2015
Sold by
Mejia Enrique
Bought by
Powers Cindia Ann
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Mary La Riccia
Pacific Platinum Properties
List Price
$829,900
Sold Price
$750,000
Premium/Discount to List
-$79,900
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$432,700
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$864,303

Purchase Details

Listed on
Sep 17, 2014
Closed on
May 7, 2015
Sold by
Priest Timothy E and Priest Kirsten T
Bought by
Powers Cindia Ana
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Mary La Riccia
Pacific Platinum Properties
List Price
$829,900
Sold Price
$750,000
Premium/Discount to List
-$79,900
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$432,700
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$864,303

Purchase Details

Closed on
Oct 8, 2008
Sold by
Zurek Dieter Kw and Zurek Inge H
Bought by
Priest Timothy E and Priest Kirsten T
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
Mejia Enrique -- None Available
The Mejia Powers Joint Family Trust -- None Available
Powers Cindia Ann -- Fidelity National Title Co
Powers Cindia Ana -- Fidelity National Title Co
Priest Timothy E $660,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers Cindia Ann $562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2015 05/28/15 Sold $750,000 -9.6% $340 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
09/17/2014 09/17/14 For Sale $829,900 -- $376 / 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 $11,661 $901,379 $661,012 $240,367
2024 $11,661 $883,705 $648,051 $235,654
2023 $11,465 $866,379 $635,345 $231,034
2022 $10,767 $849,392 $622,888 $226,504
2021 $10,552 $832,738 $610,675 $222,063
2020 $10,525 $824,201 $604,414 $219,787
2019 $10,403 $808,041 $592,563 $215,478
2018 $10,062 $792,198 $580,945 $211,253
2016 $9,259 $761,437 $558,387 $203,050
2015 $8,405 $707,176 $428,592 $278,584
2014 -- $693,324 $420,197 $273,127
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Cheryl Cotton

    Y Realty

    (562) 513-7800

    6 Total Sales

    Cheryl Cotton
    Section Image

  • N

    Seller Co-Listing Agent in 2015

    Nicholas Cotton

    Keller Williams Coastal Prop.

  • M

    Buyer's Agent in 2015

    Mary La Riccia

    Pacific Platinum Properties

    (562) 716-7721

    1 Total Sale

    Mary La Riccia
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14200725

California Regional Multiple Listing Service (CRMLS)

APN: 7258-006-027

California Los Angeles County Long Beach 90804 Rose Park

1049 Redondo Ave, Long Beach, CA

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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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