Seller's Agent in 2019
Mike Baiz
Keller Williams Realty
(949) 616-5093
15 Total Sales
1109 Alamitos Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $963,000 - $1,320,147
5
Beds
3
Baths
2,175
Sq Ft
$514/Sq Ft
Est. Value
Highlights
- Gated Parking
- Laundry Room
- 6 Car Garage
- Long Beach Polytechnic High School Rated A
- Landscaped
- Back Yard
About This Home
As of February 2019Amazing and Newly Remodeled Triplex for sale in downtown Long Beach with a potential cap rate of more than 6% at the moment and with unimaginable upside potential with all the new city plans going on in Downtown and it's just a few blocks to the beach, convention center and grand prix racing track on the main street that leads to all of that. Watch the value grow year after year and with no rent control.
This property consists of a beautiful single family home in front and a duplex on top of a 6 car garage in the back with a very large lot and beautiful landscaping. Owner remodeled almost every inch of the property with a cost of more than 120k. Property extends from the main street to the alley and is gated from both ends with a long driveway that fits more cars in addition to all the garages. Front Home is a 3bed/2bath and back units each are 2 bed/1 bath which totals 7beds/4baths. Each unit has a spacious 2 car garage which is hard to find in downtown. Units have separate gas and electric meters and it's maintenance proof with a drip system.
Schedule a showing today as this amazing property will not last.
Last Agent to Sell the Property
Keller Williams Realty License #01936799 Listed on: 01/28/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 6,244 Sq Ft Lot
- No Common Walls
- Landscaped
- Back Yard
Parking
- 6 Car Garage
- Parking Available
- Gated Parking
Home Design
- Triplex
Interior Spaces
- 2,175 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 6500
- Assessor Parcel Number 7274007029
Community Details
Overview
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $900
- Water Sewer Expense $3,000
- New Taxes Expense $11,000
- Operating Expense $15,000
- Gross Income $58,080
- Net Operating Income $58,080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2019
Closed on
Feb 13, 2019
Sold by
Baiz Realestate Investments Llc
Bought by
Easton Mark C and Easton Rosa K
Seller's Agent
Mike Baiz
Keller Williams Realty
Buyer's Agent
Monica Masuda
Monica Masuda, Realtor
List Price
$900,000
Sold Price
$900,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,287
Avg. Annual Appreciation
3.09%
Original Mortgage
$675,000
Outstanding Balance
$592,236
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$525,051
Purchase Details
Closed on
Nov 14, 2018
Sold by
Baiz Michael and Baiz Tamam Issa
Bought by
Baiz Realestate Investments Llc
Purchase Details
Closed on
Aug 23, 2018
Sold by
Tassar Hassan
Bought by
Baiz Tamam Issa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 8, 2018
Sold by
Bell James and Bell Annette
Bought by
Baiz Michael and Baiz Taman Issa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
4.5%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Easton Mark C | $900,000 | Lawyers Title | |
| Baiz Realestate Investments Llc | -- | Accommodation | |
| Baiz Tamam Issa | -- | Fidelity National Title Comp | |
| Baiz Michael | $590,000 | Fidelity National Title Comp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Easton Mark C | $675,000 | |
| Previous Owner | Baiz Michael | $442,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/22/2019 02/22/19 | Sold | $900,000 | 0.0% | $414 / Sq Ft |
| 01/28/2019 01/28/19 | For Sale | $900,000 | -- | $414 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $12,929 | $1,003,960 | $652,575 | $351,385 |
| 2024 | $12,929 | $984,276 | $639,780 | $344,496 |
| 2023 | $12,713 | $964,978 | $627,236 | $337,742 |
| 2022 | $11,937 | $946,058 | $614,938 | $331,120 |
| 2021 | $11,702 | $927,509 | $602,881 | $324,628 |
| 2020 | $11,672 | $918,000 | $596,700 | $321,300 |
| 2019 | $7,785 | $590,000 | $410,000 | $180,000 |
| 2018 | $2,652 | $185,368 | $18,504 | $166,864 |
| 2016 | $2,434 | $178,173 | $17,787 | $160,386 |
| 2015 | $2,345 | $175,497 | $17,520 | $157,977 |
| 2014 | $2,345 | $172,060 | $17,177 | $154,883 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Baiz
-
Monica Masuda
M
Buyer's Agent in 2019
Monica Masuda
Monica Masuda, Realtor
(310) 739-6599
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19020580
APN: 7274-007-029
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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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