Seller's Agent in 2016
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
7 Total Sales
1117 Pine Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,655,000 - $2,167,919
2
Beds
2
Baths
3,360
Sq Ft
$569/Sq Ft
Est. Value
Highlights
- 0.21 Acre Lot
- Wood Flooring
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Cottage
- Landscaped
About This Home
As of March 20164 craftsman cottages with 2 units in each cottage in prime downtown location. Great open space for tenants. 7 of the 8 units have had complete updates including stacked washer/dryer units in each unit. 4 garages and 1 open parking space in the rear off the alley. Units are 1 bedroom and have retained most of the charm of this era property. Rents are probably low because the units rented before the work was completed. The 1 unit that hasn't been upgraded is in good condition, the existing tenant wanted to stay so the seller chose to not do that unit.
Last Agent to Sell the Property
BUCKINGHAM INVESTMENTS License #00416755 Listed on: 02/19/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 9,002 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Fence is in average condition
- Landscaped
- Level Lot
- Back Yard
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Cottage
- Property Attached
- Asphalt Roof
Interior Spaces
- 3,360 Sq Ft Home
- 1-Story Property
- Gas Cooktop
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 5024
- Assessor Parcel Number 7273005024
Community Details
Overview
- 5 Buildings
- 8 Units
- Greenbelt
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $400
- Gardener Expense $900
- Insurance Expense $1,100
- Water Sewer Expense $1,050
- New Taxes Expense $15,000
- Gross Income $8,335
- Net Operating Income $81,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 4, 2015
Sold by
635 W 3Rd Llc
Bought by
Perl Michael and Perl William
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
3.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 2, 2014
Sold by
Pip Pip Llc
Bought by
635 W 3Rd Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,250
Interest Rate
4.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 19, 2007
Sold by
Moon Nathanial and Chun Christine
Bought by
Pip Pip Llc
Purchase Details
Closed on
Jul 5, 2006
Sold by
Born Barbara and The Harlan F Born Jr Irrevocab
Bought by
Moon Nathanial and Chun Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,000
Interest Rate
6.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 12, 2000
Sold by
Born Harlan F
Bought by
Born Harlan F and Harlan F Born Jr Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Perl Michael | $1,125,000 | Progressive Title | |
| 635 W 3Rd Llc | $735,000 | North American Title Company | |
| Pip Pip Llc | -- | None Available | |
| Moon Nathanial | $777,000 | Lawyers Title | |
| Born Harlan F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Perl Michael | $787,500 | |
| Previous Owner | 635 W 3Rd Llc | $551,250 | |
| Previous Owner | Moon Nathanial | $513,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2016 03/16/16 | Sold | $1,125,000 | -10.0% | $335 / Sq Ft |
| 07/15/2015 07/15/15 | Pending | -- | -- | -- |
| 02/19/2015 02/19/15 | For Sale | $1,250,000 | -- | $372 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,704 | $1,331,765 | $864,169 | $467,596 |
| 2024 | $17,704 | $1,305,653 | $847,225 | $458,428 |
| 2023 | $17,395 | $1,280,053 | $830,613 | $449,440 |
| 2022 | $16,344 | $1,254,955 | $814,327 | $440,628 |
| 2021 | $16,007 | $1,230,349 | $798,360 | $431,989 |
| 2019 | $15,779 | $1,193,858 | $774,681 | $419,177 |
| 2018 | $15,259 | $1,170,450 | $759,492 | $410,958 |
| 2016 | $9,850 | $761,115 | $528,121 | $232,994 |
| 2015 | $9,469 | $749,684 | $520,189 | $229,495 |
| 2014 | $10,788 | $849,207 | $480,890 | $368,317 |
Source: Public Records
Agents Affiliated with this Home
-
Marty Stone
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN15035823
APN: 7273-005-024
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