NOT LISTED FOR SALE

Estimated Value: $820,261 - $1,058,000

2 Beds
4 Baths
1,548 Sq Ft
$594/Sq Ft Est. Value

Sale Details

Date Sold: July 12, 2019

Last sale price $676,200 $437 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,304 / mo

45 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Tile Flooring
  • 3-minute walk to Gumbiner Park

About This Home

As of July 2019

Opportunity awaits on this fantastic and affordable four-plex nestled in the popular North Alamitos Beach neighborhood. Consisting of one 2 bedroom/1 bath unit and 3 studio apartments, this property offers new exterior paint, remodeled kitchens with granite counters, remodeled bathrooms, newer windows, newer carpet and newer tile flooring. It also has plenty of outdoor space with a large back concrete patio. Located across the street from the Museum of Latin American Art (MOLAA) and a short stroll to 4th street shopping. There is tons of potential upside here -- this property is adjacent to Downtown Long Beach which has more than $5 billion currently in private and public development underway. Drive-by only, please do not disturb the tenants.

Last Agent to Sell the Property

Eric Greene

Keller Williams Coastal Prop. License #01358668 Listed on: 05/06/2019

Keller Williams Coastal Prop.

Last Buyer's Agent

John Alden

John Alden License #02007413

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 1,711 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • 1,548 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Raised Foundation
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Gas Range
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 7266007001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $1,000
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $8,300
  • Operating Expense $13,100
  • Gross Income $42,600
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

1,711 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR3S
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7266007001
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 436.82

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 1711.00
  • Lot Size Acres: 0.0393

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Income: 42600.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 1711.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8400.00
  • Rent Control: No
  • Total Actual Rent: 3550.00
  • Total Expenses: 13100.00

Tax Info

  • New Taxes Expense: 8300.00
  • Tax Census Tract: 5765.01

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

Listed on
May 6, 2019
Closed on
May 15, 2019
Sold by
Mccullough Katrina and The Katrina Mccullough Living
Bought by
Seller's Agent
Eric Greene
Keller Williams Coastal Prop.
Buyer's Agent
John Alden
John Alden
List Price
$689,900
Sold Price
$676,200
Premium/Discount to List
-$13,700
-1.99%
Current Estimated Value
$809,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,871
Avg. Annual Appreciation
4.39%
Original Mortgage
$631,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2015
Sold by
Mccullough Katrina
Bought by
The Katrina Mccullough Living Trust

Purchase Details

Closed on
Oct 4, 2010
Sold by
Desai Holding Co Llc
Bought by
Mccullough Katrina Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,748
Interest Rate
4.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2010
Sold by
Citigroup Global Markets Realty Corp
Bought by
Desai Holding Co Llc

Purchase Details

Closed on
Jan 7, 2010
Sold by
Mcfadden Brian
Bought by
Citigroup Global Markets Realty Corp

Purchase Details

Closed on
May 11, 2005
Sold by
Iwami Brian Kirk
Bought by
Mcfadden Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Iwami Candace Lynn
Bought by
Iwami Brian Kirk

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
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Snell Brian
Bought by
Iwami Brian Kirk and Iwami Candace Lynn

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
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2003
Sold by
Snell Brandy
Bought by
Snell Brian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.93%

Purchase Details

Closed on
Jan 5, 2003
Sold by
Gomez Fanny D
Bought by
Snell Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.93%

Purchase Details

Closed on
Sep 1, 2000
Sold by
Mortgage Guaranty Insurance Corp
Bought by
Gomez Fanny D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.82%

Purchase Details

Closed on
May 15, 2000
Sold by
U S Bank Na
Bought by
Mortgage Guaranty Insurance Corp

Purchase Details

Closed on
Feb 25, 2000
Sold by
Wallace Darrell
Bought by
U S Bank Na

Purchase Details

Closed on
Dec 27, 1999
Sold by
Wallace Darrell
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 3, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Wallace Darrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.54%

Purchase Details

Closed on
Nov 20, 1996
Sold by
Gomez David
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
May 10, 1995
Sold by
Gomez David
Bought by
Escobar Rafael and Escobar Maria
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Alamitos Beach, CA

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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
$676,500 Chicago Title Company
The Katrina Mccullough Living Trust -- None Available
Mccullough Katrina Maria $320,000 North American Title
Desai Holding Co Llc $215,500 North American Title Co
Citigroup Global Markets Realty Corp $250,000 Accommodation
Mcfadden Brian $540,000 Fatco
Iwami Brian Kirk -- Diversified Title Company
Iwami Brian Kirk $380,000 Diversified Title & Escrow
Snell Brian S -- United Title Company
Snell Brian $235,000 United Title Company
Gomez Fanny D $110,000 Fidelity National Title Co
Mortgage Guaranty Insurance Corp -- Fidelity National Title
U S Bank Na $114,821 Fidelity National Title Ins
Us Bank Na $117,206 Fidelity National Title Ins
Wallace Darrell $110,000 Investors Title Company
Home Svgs Of America Fsb $63,750 Fidelity National Title Ins
Escobar Rafael -- --
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
Previous Owner $631,750
Previous Owner Mccullough Katrina Maria $315,748
Previous Owner Mcfadden Brian $432,000
Previous Owner Iwami Brian Kirk $285,000
Previous Owner Snell Brian $188,000
Previous Owner Gomez Fanny D $102,000
Previous Owner Wallace Darrell $99,000
Closed Snell Brian $35,250
Closed Mcfadden Brian $108,000
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
07/12/2019 07/12/19 Sold $676,200 -2.0% $437 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $689,900 0.0% $446 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $689,900 -- $446 / 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
2026 $10,082 $754,309 $490,826 $263,483
2025 $10,082 $739,519 $481,202 $258,317
2024 $9,651 $725,019 $471,767 $253,252
2023 $9,482 $710,804 $462,517 $248,287
2022 $8,901 $696,868 $453,449 $243,419
2021 $8,719 $683,205 $444,558 $238,647
2020 $8,697 $676,200 $440,000 $236,200
2019 $5,019 $367,515 $252,668 $114,847
2018 $4,887 $360,310 $247,714 $112,596
2016 $4,503 $346,321 $238,096 $108,225
2015 $4,330 $341,120 $234,520 $106,600
2014 $4,317 $334,439 $229,927 $104,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19104356

California Regional Multiple Listing Service (CRMLS)

APN: 7266-007-001

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