NOT LISTED FOR SALE

1057 Lime Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,057,000 - $1,690,000

6 Beds
4 Baths
2,816 Sq Ft
$511/Sq Ft Est. Value

Last Sold April 28, 2020

Last sale price $1,200,000 $426 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,926/month

10 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Neighborhood Views

About This Home

As of April 2020

Remodeled Cash Cow Quadraplex with a stand alone SFR in the front and 3-unit structure in the rear. The front unit is a spacious 3 bed, 2 bath. The rear structure unit mix consists of a 2/1, 2/1, and 1/1. All total, the property has 8 bedrooms and 5 bathrooms. There is a very large grassy yard for playing and entertaining, which is uncommon among 4-unit properties. Each unit has its own electric meter and its own gas meter. In addition, the property comes with a 2-Car garage. There appear to be the potential to the change the 1/1 unit into a 2/1.

Last Agent to Sell the Property

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 02/26/2020

Last Buyer's Agent

Edmond Asakura

Harcourts Prime Properties License #2012071

Harcourts Prime Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,517 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,816 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 19 / 13
  • Assessor Parcel Number 7274013019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $91,200
  • Net Operating Income $91,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Saint Mary's Neighborhood
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7274013019
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 426.14

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6517.00
  • Lot Size Acres: 0.1496

Multi Family

  • Gross Income: 91200.00
  • Gross Scheduled Income: 91200.00
  • Lot Size Area: 6517.0000 Square Feet
  • Net Operating Income: 91200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 5763.02
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Mar 9, 2020
Sold by
Elmoro Holdings Llc
Bought by
Hutcheson May Eileen and Hutcheson Clifford
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
Edmond Asakura
Harcourts Prime Properties
List Price
$1,149,000
Sold Price
$1,200,000
Premium/Discount to List
$51,000
4.44%
Current Estimated Value
$1,438,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,482
Avg. Annual Appreciation
3.23%
Original Mortgage
$1,200,000
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2019
Sold by
Ramirez Ivan and Ramirez Hector
Bought by
Elmoro Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2015
Sold by
Thornburgh Robert
Bought by
Ramirez Ivan and Ramirez Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2015
Sold by
Thornburgh Karen G
Bought by
Thronburgh Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2014
Sold by
Thornburgh Frederick H
Bought by
Thornburgh Robert G

Purchase Details

Closed on
Jul 23, 1994
Sold by
Thornburgh Robert G and Thornburgh Frederick Harcourt
Bought by
Thornburgh Frederick H and Thornburgh Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1994
Sold by
Thornburgh Susana
Bought by
Thornburgh Frederick Harcourt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Hutcheson May Eileen $1,200,000 Ticor Title Company
Elmoro Holdings Llc $750,000 Ticor Title
Ramirez Ivan $315,000 Usa National Title Company
Thronburgh Robert -- Usa National Title Company
Ramirez Ivan -- Usa National Title Company
Ramirez Hector -- Usa National Title Co
Thornburgh Robert G -- None Available
Thornburgh Frederick H -- Title Land Company
Thornburgh Frederick Harcourt -- Title Land Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hutcheson May Eileen $1,200,000
Previous Owner Elmoro Holdings Llc $768,750
Previous Owner Ramirez Ivan $285,000
Previous Owner Thornburgh Frederick H $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2020 04/28/20 Sold $1,200,000 +4.4% $426 / Sq Ft
03/07/2020 03/07/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $1,149,000 -- $408 / 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 $16,940 $1,312,370 $853,041 $459,329
2024 $16,940 $1,286,638 $836,315 $450,323
2023 $16,652 $1,261,411 $819,917 $441,494
2022 $15,631 $1,236,679 $803,841 $432,838
2021 $15,319 $1,212,431 $788,080 $424,351
2020 $12,639 $980,000 $640,000 $340,000
2019 $9,214 $689,784 $482,849 $206,935
2018 $8,923 $676,260 $473,382 $202,878
2016 $8,215 $650,000 $455,000 $195,000
2015 $6,427 $509,990 $356,993 $152,997
2014 $1,792 $94,342 $39,890 $54,452
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Bret Lewis

    Bret Lewis, Broker

    (480) 225-6616

    61 Total Sales

    Bret Lewis
    Section Image

  • E

    Buyer's Agent in 2020

    Edmond Asakura

    Harcourts Prime Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20041987

California Regional Multiple Listing Service (CRMLS)

APN: 7274-013-019

California Los Angeles County Long Beach 90813 Saint Mary's

1057 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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