Marvin Phillip
Y Realty
(562) 740-8346
31 Total Sales
2 in Cambodia Town
$1,250,000 Price Range
1119 Dawson Ave Unit 9 Long Beach, CA 90804
Cambodia Town Neighborhood
3
Beds
3
Baths
7,790
Sq Ft
6,534
Sq Ft Lot
Highlights
- Gated Parking
- Wilson High School Rated A
- Laundry Facilities
About This Home
As of October 2018An investment in 1119 Dawson Ave., Long Beach represents an opportunity to acquire 9 apartment units in a solid rental area of central Long Beach. Built in 1987, the property consists of (8) 2 bed + 2 bath units and (1) 1 bed + 1 bath units. Units average 865 square feet. The property features all copper plumbing, which substantially reduces plumbing repair expense and pitched roofs, which also have the longest life spans available. Additionally, the property offers 12 onsite parking spaces within a gated parking garage at grade level.
The building is situated on a 7,790-square foot lot on the west side of Dawson Ave., between 7th St and Anaheim St. There is easy access to Downtown Long Beach, Port areas, San Pedro, 710 freeway and areas East on 7th street. Ample grocery, restaurant and other retail establishments are located within a short distance to the property
This area is considered by many to be the highest demand rental area in Long Beach. The zip code 90804 has seen rent increases of over 15% per year for the last 3 years. However, currently ownership has not pushed rents to mid/high market.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,534 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 12 Car Garage
- Parking Available
- Gated Parking
Home Design
- Property Attached
Interior Spaces
- 7,790 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 5769
- Assessor Parcel Number 7261033023
Community Details
Building Details
- Electric Expense $600
- Fuel Expense $1,246
- Insurance Expense $2,337
- Maintenance Expense $5,850
- Other Expense $1,200
- Pest Control $720
- Professional Management Expense $7,714
- Trash Expense $788
- Water Sewer Expense $3,194
- New Taxes Expense $26,400
- Operating Expense $50,049
- Gross Income $154,284
- Net Operating Income $99,606
Additional Features
- 9 Units
- Laundry Facilities
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 10, 2018
Sold by
Maillard Laiola M and Laiola M Maillard Revocable Li
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
$1,255,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 2, 2016
Sold by
Maillard Laiola M
Bought by
Maaillard Laiola M
Purchase Details
Closed on
Nov 19, 2013
Sold by
Kubendran Laguduva Ramakrishnan
Bought by
Mallard Laiola M and Maria Canonica Trust
Purchase Details
Closed on
Nov 4, 2009
Sold by
California Bank & Trust
Bought by
Ramakrishnan Laguduva and Kubendran Rohini Laguduva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,000
Interest Rate
6.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 18, 2008
Sold by
138/14 Portfolio Llc
Bought by
Alliance Bank
Purchase Details
Closed on
Oct 17, 2006
Sold by
Moore Betty Hunter
Bought by
138/14 Portfolio Llc
Purchase Details
Closed on
Mar 4, 2004
Sold by
Grieder Curtis P
Bought by
Grieder Curtis P and Curtis P Grieder Trust
Purchase Details
Closed on
Nov 19, 1997
Sold by
Johnson Glen M
Bought by
Moore Betty Hunter
Purchase Details
Closed on
Oct 31, 1997
Sold by
Blum Howard A Tr Blum Trust
Bought by
Moore Betty Hunter and Grieder Curtis P
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cambodia Town, CA
-
Marvin Phillip
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
23 Total Sales
1 in Cambodia Town
$645,000 Price
-
Albert Soto
Albert Soto
True Inmobiliaria
(657) 279-5316
87 Total Sales
1 in Cambodia Town
$580,000 Price
-
Gavin Plotkin
GP
Gavin Plotkin
Responds QuicklyVISMAR REAL ESTATE
(562) 684-0092
84 Total Sales
1 in Cambodia Town
$980,000 Price
-
Charles Lee
Charles Lee
Responds QuicklyOne Group Realty
(657) 220-9861
28 Total Sales
2 in Cambodia Town
$623K - $735K Price Range
-
Christine Morgan
Christine Morgan
Responds QuicklyMarterra Real Estate
(657) 279-5220
146 Total Sales
2 in Cambodia Town
$1,250,000 Price Range
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 |
|---|---|---|---|
| $2,145,000 | Ticor Title Company | ||
| Maaillard Laiola M | -- | None Available | |
| Maillard Laiola M | -- | None Available | |
| Mallard Laiola M | $1,486,500 | First American Title Co | |
| Ramakrishnan Laguduva | -- | First American Title | |
| Alliance Bank | $16,073 | Accommodation | |
| 138/14 Portfolio Llc | $1,494,000 | -- | |
| Grieder Curtis P | -- | -- | |
| Moore Betty Hunter | -- | First Southwestern Title Co | |
| Moore Betty Hunter | $257,000 | First Southwestern Title Co |
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 | $1,255,000 | ||
| Previous Owner | Ramakrishnan Laguduva | $907,000 | |
| Previous Owner | 138/14 Portfolio Llc | $6,548,760 | |
| Previous Owner | 138/14 Portfolio Llc | $21,945,000 | |
| Previous Owner | Moore Betty Hunter | $378,000 |
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 |
|---|---|---|---|---|
| 10/10/2018 10/10/18 | Sold | $2,145,000 | -2.5% | $275 / Sq Ft |
| 08/10/2018 08/10/18 | Pending | -- | -- | -- |
| 07/30/2018 07/30/18 | Price Changed | $2,200,000 | -3.3% | $282 / Sq Ft |
| 04/27/2018 04/27/18 | Price Changed | $2,275,000 | -2.8% | $292 / Sq Ft |
| 02/21/2018 02/21/18 | For Sale | $2,340,000 | 0.0% | $300 / Sq Ft |
| 02/24/2014 02/24/14 | Rented | $1,300 | 0.0% | -- |
| 01/25/2014 01/25/14 | Under Contract | -- | -- | -- |
| 01/10/2014 01/10/14 | For Rent | $1,300 | -- | -- |
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 | $32,374 | $2,440,638 | $1,302,811 | $1,137,827 |
| 2025 | $32,374 | $2,392,783 | $1,277,266 | $1,115,517 |
| 2024 | $30,949 | $2,345,867 | $1,252,222 | $1,093,645 |
| 2023 | $30,423 | $2,299,870 | $1,227,669 | $1,072,201 |
| 2022 | $28,561 | $2,254,776 | $1,203,598 | $1,051,178 |
| 2021 | $27,971 | $2,210,566 | $1,179,999 | $1,030,567 |
| 2019 | $27,570 | $2,145,900 | $1,145,000 | $1,000,900 |
| 2018 | $20,810 | $1,602,407 | $861,894 | $740,513 |
| 2017 | $20,591 | $1,570,106 | $844,995 | $725,111 |
| 2016 | $19,125 | $1,539,321 | $828,427 | $710,894 |
| 2015 | $18,368 | $1,516,200 | $815,984 | $700,216 |
| 2014 | -- | $1,486,500 | $800,000 | $686,500 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
38 Total Sales
-
Cameron Samimi
Buyer's Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
204 Total Sales
-
Eric Adrian
EA
Seller's Agent in 2014
Eric Adrian
CA Property Management
(562) 489-3704
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18080933
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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