NOT LISTED FOR SALE

1049 Redondo Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $1,131,000 - $1,351,946

5 Beds
4 Baths
2,206 Sq Ft
$567/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2015

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

Est. 67% increase in value since last sale

Current estimated payment $7,650 / mo

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

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

Year Built

Built in 1919

Lot Details

6,001 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2020
Sold by
Bought by
Current Estimated Value
$1,250,237

Purchase Details

Listed on
Sep 17, 2014
Closed on
Jun 13, 2015
Sold by
Bought by
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
4.75%
Original Mortgage
$562,500
Outstanding Balance
$432,700
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$817,537

Purchase Details

Listed on
Sep 17, 2014
Closed on
May 11, 2015
Sold by
Bought by
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
$817,537

Purchase Details

Listed on
Sep 17, 2014
Closed on
May 7, 2015
Sold by
Bought by
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
$817,537

Purchase Details

Closed on
Oct 8, 2008
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- Fidelity National Title Co
-- Fidelity National Title Co
$660,000 Fatcola
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,174 $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

    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

    Mary La Riccia
    Section Image
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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

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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