Edward Ong
Responds Quickly
Corpen Real Estate Group
(669) 200-0582
82 Total Sales
1 in Saint Mary's
$775,000 Price
1106 Pacific Ave Long Beach, CA 90813
Saint Mary's Neighborhood
3
Beds
2
Baths
8,203
Sq Ft
7,405
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- No HOA
- Laundry Facilities
- Long Beach Polytechnic High School Rated A
- Landscaped
- 5-minute walk to K-9 Corner Dog Park
About This Home
As of May 20201106 Pacific Avenue is 12-unit turn-key multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The 8,203 gross square foot property consists of one- and two-bedroom units and offers amenities including gated entry, security doors, garage parking, and on-site laundry. In 2019, 1106 Pacific Avenue was fully renovated with improvements including electrical, flooring, and remodeled kitchens and bathrooms (shaker-style cabinets, new appliances, fixtures, and countertops). Exterior renovations include new paint, professional drought resistant landscaping, and tile facade. In addition, the property’s strategic location in close proximity to Pacific Coast Highway, Interstate 710, and Downtown Long Beach provides residents with convenient access to local and regional employment centers.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 01/22/2020
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Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Landscaped
- Land Lease
Parking
- 6 Car Garage
Home Design
- 8,203 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 575803
- Assessor Parcel Number 7273005013
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,833
- Fuel Expense $1,833
- Insurance Expense $3,288
- Maintenance Expense $6,600
- Other Expense $5,640
- Professional Management Expense $10,999
- Trash Expense $1,833
- Water Sewer Expense $1,833
- New Taxes Expense $42,497
- Operating Expense $76,358
- Gross Income $244,421
- Net Operating Income $168,063
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
Jan 22, 2020
Closed on
Apr 23, 2020
Sold by
The Louis Orka Holdings Llc
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Andrew McAllister
eXp Realty of Greater L.A
List Price
$3,362,500
Sold Price
$3,300,000
Premium/Discount to List
-$62,500
-1.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,819,587
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 7, 2018
Sold by
Roberts Richard R and The Roberts Trust
Bought by
The Louis Orka 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
$1,300,000
Interest Rate
4.9%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Saint Mary's, CA
-
Edward Ong
-
Aldon Lai
Aldon Lai
High Ten Partners, Inc.
(626) 618-9134
16 Total Sales
1 in Saint Mary's
$4,900,000 Price
-
Oliver Darwich
Oliver Darwich
Compass
(747) 998-0783
38 Total Sales
1 in Saint Mary's
$467,500 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
121 Total Sales
1 in Saint Mary's
$370,000 Price
-
Leah Dilbeck
Leah Dilbeck
Engel & Völkers La Canada
(626) 414-5224
19 Total Sales
1 in Saint Mary's
$650,000 Price
-
Mark Yusupov
Mark Yusupov
Responds QuicklyKeller Williams Beverly Hills
(562) 222-5835
28 Total Sales
1 in Saint Mary's
$555,000 Price
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 |
|---|---|---|---|
| $3,300,000 | Chicago Title Company | ||
| The Louis Orka Holdings Llc | $2,365,000 | Progressive Title Company |
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 | $2,100,000 | ||
| Previous Owner | The Louis Orka Holdings Llc | $1,300,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2020 05/28/20 | Sold | $3,300,000 | -1.9% | $402 / Sq Ft | |
| 03/23/2020 03/23/20 | Pending | -- | -- | -- | |
| 01/22/2020 01/22/20 | For Sale | $3,362,500 | +42.2% | $410 / Sq Ft | |
| 01/07/2019 01/07/19 | Sold | $2,365,000 | -1.5% | $288 / Sq Ft | View Prior Sale |
| 11/08/2018 11/08/18 | Pending | -- | -- | -- | |
| 09/25/2018 09/25/18 | For Sale | $2,400,000 | -- | $293 / 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 | $48,253 | $3,681,208 | $2,392,786 | $1,288,422 |
| 2025 | $48,253 | $3,609,028 | $2,345,869 | $1,263,159 |
| 2024 | $46,164 | $3,538,264 | $2,299,872 | $1,238,392 |
| 2023 | $45,380 | $3,468,887 | $2,254,777 | $1,214,110 |
| 2022 | $42,583 | $3,400,870 | $2,210,566 | $1,190,304 |
| 2021 | $41,729 | $3,334,187 | $2,167,222 | $1,166,965 |
| 2020 | $30,965 | $2,413,140 | $1,688,100 | $725,040 |
| 2019 | $30,601 | $2,365,840 | $1,655,000 | $710,840 |
| 2018 | $4,319 | $207,495 | $40,987 | $166,508 |
| 2016 | $3,954 | $198,633 | $39,397 | $159,236 |
| 2015 | $3,837 | $195,651 | $38,806 | $156,845 |
| 2014 | $3,884 | $191,819 | $38,046 | $153,773 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
171 Total Sales
-
Andrew McAllister
AM
Buyer's Agent in 2020
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
14 Total Sales
-
Drew McAllister
Buyer's Agent in 2020
Drew McAllister
Nationwide Real Estate Execs
(925) 683-9203
10 Total Sales
-
Cameron Samimi
Seller's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
204 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20009668
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.
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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