NOT LISTED FOR SALE

1069 Alamitos Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $733,000 - $1,013,000

5 Beds
3 Baths
1,844 Sq Ft
$500/Sq Ft Est. Value

Last Sold January 18, 2017

Last sale price $549,000 $298 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,512/month

23 Days on Market

Highlights

  • Private Yard
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of January 2017

Outstanding Investment Opportunity! Given the income this triplex is generating on a monthly basis, it will fit in swimmingly in any investors portfolio. These separately metered units are all occupied with long term tenants and are located just minutes from the beach, aquarium, and the Pike. Additionally, there is no rent control associated with these units. This triplex consists of two 2 Bed, 1 Bath units and one 1 Bed, 1 Bath unit. At $549k, this triplex is absolutely priced in alignment with the market and will not last. We appreciate your interest

Last Agent to Sell the Property

Joshua Barut

First Team Real Estate License #01971720 Listed on: 09/12/2016

First Team Real Estate

Last Buyer's Agent

Mony Sambath

Alta Realty Group CA, Inc License #01480348

Alta Realty Group CA, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,218 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 1,844 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 7274008028

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $3,404
  • Net Operating Income $38,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274008028
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 297.72

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, 0-1 Unit/Acre, Front Yard, Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 5218.00
  • Price Per Lot Square Foot: 105.21

Multi Family

  • Gross Income: 3404.00
  • Gross Scheduled Income: 40848.00
  • Net Operating Income: 38280.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2568.00
  • Rent Control: No

Tax Info

  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 10, 2017
Sold by
Mock Timothy and Estate Of Joyce Marie Johnson
Bought by
Sok Jay C
Seller's Agent
Joshua Barut
First Team Real Estate
Buyer's Agent
Mony Sambath
Alta Realty Group CA, Inc
List Price
$549,000
Sold Price
$549,000
Current Estimated Value
$921,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,375
Avg. Annual Appreciation
5.97%
Original Mortgage
$408,000
Outstanding Balance
$336,325
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$585,050

Purchase Details

Closed on
Sep 14, 2007
Sold by
Johnson Joyce Marie and Johnson Marie Joyce
Bought by
Johnson Joyce Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 1994
Sold by
Universal Life Church Number 40048
Bought by
Johnson Marie Joyce

Purchase Details

Closed on
Sep 1, 1993
Sold by
Olivarez John A and Olivarez Margaret Sumiko
Bought by
Universal Life Church
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
Sok Jay C $549,000 Western Resources Title Co
Johnson Joyce Marie -- Fidelity National Title Comp
Johnson Marie Joyce -- --
Universal Life Church -- First Southwestern Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sok Jay C $408,000
Closed Johnson Joyce Marie $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2017 01/18/17 Sold $549,000 0.0% $298 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $549,000 -- $298 / 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 $8,387 $637,154 $441,019 $196,135
2024 $8,387 $624,662 $432,372 $192,290
2023 $8,244 $612,415 $423,895 $188,520
2022 $7,745 $600,408 $415,584 $184,824
2021 $7,587 $588,636 $407,436 $181,200
2020 $7,567 $582,602 $403,259 $179,343
2019 $7,479 $571,179 $395,352 $175,827
2018 $7,232 $559,980 $387,600 $172,380
2016 $2,774 $202,428 $157,927 $44,501
2015 $2,671 $199,388 $155,555 $43,833
2014 $2,669 $195,483 $152,508 $42,975
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joshua Barut

    First Team Real Estate

    Section Image

  • M

    Buyer's Agent in 2017

    Mony Sambath

    Alta Realty Group CA, Inc

    (714) 889-9185

    8 Total Sales

    Mony Sambath
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16200526

California Regional Multiple Listing Service (CRMLS)

APN: 7274-008-028

California Los Angeles County Long Beach 90813 Saint Mary's

1069 Alamitos Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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