NOT LISTED FOR SALE

1090 Redondo Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $2,831,961

6 Beds
8 Baths
9,875 Sq Ft
$287/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $1,860,000 $188 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $17,219/month

46 Days on Market

About This Home

As of October 2016

Great corner location, Redondo and 11th. Property is mixed use, 3 commercial, 5 residential units 4 garages. This investment property is a great opportunity and will make a great addition to an investment portfolio. Two of the commercial units are long term tenants.

Last Agent to Sell the Property

Linda Ethier

Linda Ethier, Broker License #00669385 Listed on: 06/06/2016

Last Buyer's Agent

Linda Ethier

Linda Ethier, Broker License #00669385 Listed on: 06/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,749

Year Built

  • Built in 1956

Lot Details

  • 6,239 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 9,875 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1,2
  • Tax Tract Number 5770
  • Assessor Parcel Number 7258007001

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 6 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,119
  • Insurance Expense $4,371
  • New Taxes Expense $26,250
  • Gross Income $12,254
  • Net Operating Income $101,394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,749

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7258007001
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 188.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6239.00
  • Price Per Lot Square Foot: 336.59

Multi Family

  • Electric Expense: 5119.00
  • Gross Income: 12254.00
  • Gross Scheduled Income: 147048.00
  • Insurance Expense: 4371.00
  • Net Operating Income: 101394.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 45654.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Lot: 1,2
  • Tax Tract Number: 5770

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2016
Sold by
The Leslie Ann Powers Living Trust
Bought by
Pmbm Llc
Current Estimated Value
$2,831,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2012
Sold by
Powers Leslie A and The Leslie A Powers Trust
Bought by
The Leslie Ann Powers Living Trust

Purchase Details

Closed on
Sep 10, 2002
Sold by
Pacific Southland Investments
Bought by
Powers Leslie A and Leslie A Powers Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1997
Sold by
Mechanics National Bank
Bought by
Pacific Southland Investments

Purchase Details

Closed on
Feb 17, 1994
Sold by
Barclay Financial Corp
Bought by
Mechanics National Bank
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
Pmbm Llc $1,860,000 Old Republic Title
The Leslie Ann Powers Living Trust -- None Available
Powers Leslie A $560,000 --
Pacific Southland Investments $245,000 Fidelity National Title Ins
Mechanics National Bank $20,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pmbm Llc $1,300,000
Previous Owner Powers Leslie A $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2016 10/20/16 Sold $1,860,000 -11.4% $188 / Sq Ft
09/20/2016 09/20/16 For Sale $2,100,000 0.0% $213 / Sq Ft
07/22/2016 07/22/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $2,100,000 -- $213 / 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 $28,749 $2,158,684 $707,954 $1,450,730
2024 $28,749 $2,116,358 $694,073 $1,422,285
2023 $28,248 $2,074,862 $680,464 $1,394,398
2022 $26,537 $2,034,179 $667,122 $1,367,057
2021 $25,956 $1,994,294 $654,042 $1,340,252
2019 $25,582 $1,935,144 $634,644 $1,300,500
2018 $24,902 $1,897,200 $622,200 $1,275,000
2017 $24,638 $1,860,000 $610,000 $1,250,000
2016 $9,725 $685,132 $244,688 $440,444
2015 $9,371 $674,842 $241,013 $433,829
2014 $9,315 $661,623 $236,292 $425,331
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Linda Ethier

    Linda Ethier, Broker

    (562) 833-3626

    12 Total Sales

    Linda Ethier
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16121856

California Regional Multiple Listing Service (CRMLS)

APN: 7258-007-001

California Los Angeles County Long Beach 90804 Recreation Park

1090 Redondo Ave, Long Beach, CA

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