NOT LISTED FOR SALE

Estimated Value: $3,507,676 - $3,529,000

12 Beds
12 Baths
8,646 Sq Ft
$407/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2022

Last sale price $3,580,000 $414 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $23,506 / mo

111 Days on Market

About This Home

As of September 2022

Located a short walk away from Alamitos Beach in Long Beach, California, 1107-1109 E. 3rd Street is an 11-unit multifamily investment opportunity. Property has a unit mix of (7) Large 1B/1B, (3) 1B/1B & (1) 2B/2B Floor Plans.

Last Agent to Sell the Property

Trey Mitchell

CB Richard Ellis, Inc. License #02060609 Listed on: 05/26/2022

Last Buyer's Agent

Trey Mitchell

CB Richard Ellis, Inc. License #02060609 Listed on: 05/26/2022

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 8,444 Sq Ft Lot

Parking

  • 7 Car Garage

Home Design

  • 8,646 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Community Details

  • 2 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 7275-005-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

8,444 Sq Ft Lot

Parking

7

Listing Details

  • Property Type: Residential Income
  • Living Area: 8646
  • Lot Acreage: 0.1939
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 426.21

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 7
  • Parking Garage: Garage - 1 Car
  • Total Parking: 7

Lot Info

  • Assessed Improvement Percent: 81.67
  • Assessed Improvement Value: 249139
  • Assessed Land Percent: 18.33
  • Assessed Land Value: 55918
  • Total Assessed Value: 305057
  • Assessor Parcel Number: 7275-005-021
  • Lot Size Area: 8444

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.38
  • Number Of Units: 11
  • Type Of Units: Apartments

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 26, 2022
Closed on
Jul 20, 2022
Sold by
Bought by
Seller's Agent
Trey Mitchell
CB Richard Ellis, Inc.
Buyer's Agent
Trey Mitchell
CB Richard Ellis, Inc.
List Price
$3,685,000
Sold Price
$3,580,000
Premium/Discount to List
-$105,000
-2.85%
Current Estimated Value
$3,518,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,662
Avg. Annual Appreciation
-0.45%
Original Mortgage
$3,052,500
Interest Rate
5.78%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 9, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 1999
Sold by
Bought by
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
$3,580,000 Commonwealth Land Title
-- Old Republic 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 $3,034,000
Closed $3,052,500
Previous Owner $1,100,000
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
09/14/2022 09/14/22 Sold $3,580,000 -2.8% $414 / Sq Ft
05/26/2022 05/26/22 For Sale $3,685,000 -- $426 / Sq Ft
Source: The MLS

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
2025 $49,573 $3,724,632 $2,601,000 $1,123,632
2024 $47,405 $3,651,600 $2,550,000 $1,101,600
2023 $46,609 $3,580,000 $2,500,000 $1,080,000
2022 $5,809 $311,157 $57,036 $254,121
2021 $5,618 $305,057 $55,918 $249,139
2020 $5,600 $304,730 $55,345 $249,385
2019 $5,538 $298,810 $54,260 $244,550
2018 $5,280 $293,007 $53,197 $239,810
2016 $4,832 $278,939 $51,132 $227,807
2015 $4,677 $274,750 $50,364 $224,386
2014 $4,711 $269,369 $49,378 $219,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-161483

The MLS

APN: 7275-005-021

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