NOT LISTED FOR SALE

1117 Pine Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,670,000 - $2,093,094

2 Beds
2 Baths
3,360 Sq Ft
$560/Sq Ft Est. Value

Sale Details

Date Sold: March 16, 2016

Last sale price $1,125,000 $335 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $11,524 / mo

146 Days on Market

Highlights

  • 0.21 Acre Lot
  • Wood Flooring
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cottage
  • Landscaped

About This Home

As of March 2016

4 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

Marty Stone

BUCKINGHAM INVESTMENTS License #00416755 Listed on: 02/19/2015

Last Buyer's Agent

Marty Stone

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

9,002 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1050.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7273005024
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 334.82

Exterior Features

  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Greenbelt, Landscaped, Level with Street
  • Lot Size Sq Ft: 9002.00
  • Price Per Lot Square Foot: 124.97
  • Lot Size Acres: 0.2070

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 8335.00
  • Gross Scheduled Income: 100020.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 9002.0000 Square Feet
  • Net Operating Income: 81000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 19000.00
  • Rent Control: No
  • Total Actual Rent: 8335.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 5
  • Tax Tract Number: 5024
  • Tax Year: 2014

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

Closed on
Aug 4, 2015
Sold by
Bought by
Current Estimated Value
$1,881,547

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
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
$551,250
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2006
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
$513,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2000
Sold by
Bought by
Source: Public Records

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$1,125,000 Progressive Title
$735,000 North American Title Company
-- None Available
$777,000 Lawyers Title
-- --
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
Previous Owner $787,500
Previous Owner $551,250
Previous Owner $513,000
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
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

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 $18,455 $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

    Seller's Agent in 2016

    Marty Stone

    BUCKINGHAM INVESTMENTS

    (310) 322-9763

    6 Total Sales

    Marty Stone
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN15035823

California Regional Multiple Listing Service (CRMLS)

APN: 7273-005-024

California Los Angeles County Long Beach 90813 Saint Mary's

1117 Pine Ave, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) 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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