NOT LISTED FOR SALE

1125 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,299,125 - $1,602,000

1 Bed
1 Bath
2,804 Sq Ft
$518/Sq Ft Est. Value

Last Sold June 05, 2014

Last sale price $686,000 $245 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $8,528/month

Highlights

  • 0.09 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of June 2014

** PRICE REDUCED BY $50,000 ** If you have been looking for a great opportunity to own income units, this wonderful 4 unit building located in the heart of Long Beach is for you. This building features 4 one bedroom, one bathroom apartments. Live in one and rent the others out or rent them all out! This property wont last long.

Last Agent to Sell the Property

Eileen Rivera

GE Dean and Associates License #01208517 Listed on: 05/19/2014

Last Buyer's Agent

Steve Landsberg

Re/Max R. E. Specialists License #01251087

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,163

Year Built

  • Built in 1912

Lot Details

  • 4,014 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • 2,804 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 4
  • Assessor Parcel Number 7265010028

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • Insurance Expense $100
  • Trash Expense $50
  • Water Sewer Expense $50
  • Gross Income $4,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,163

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Inclusions: Appliances
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 50.00
  • Property Type: Residential Income
  • Parcel Number: 7265010028
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 244.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 4014.00
  • Lot Size Acres: 0.0920

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 100.00
  • Lot Size Area: 4014.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 4
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2020
Sold by
Sills David
Bought by
Sills David
Current Estimated Value
$1,451,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$578,136
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$873,395

Purchase Details

Listed on
May 19, 2014
Closed on
May 28, 2014
Sold by
Barisdale Yoko Y
Bought by
Sills David
Seller's Agent
Eileen Rivera
GE Dean and Associates
Buyer's Agent
Steve Landsberg
Re/Max R. E. Specialists
List Price
$749,000
Sold Price
$686,000
Premium/Discount to List
-$63,000
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%

Purchase Details

Closed on
Apr 16, 2013
Sold by
Buchanan Bobby
Bought by
Buchanan James R and Buchanan Family Trust

Purchase Details

Closed on
Jul 28, 2007
Sold by
Barisdale Yoko
Bought by
Barisdale Yoko Y and The Yoko Y Barisdale Living Trust

Purchase Details

Closed on
Mar 6, 2007
Sold by
Barisdale Roger
Bought by
Barisdale Yoko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2007
Sold by
Buchanan Bobby
Bought by
Buchanan Bobby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2006
Sold by
Barisdale Roger
Bought by
Barisdale Yoko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 6, 2006
Sold by
Crivat Gheorghe Dan
Bought by
Buchanan Bobby and Barisdale Yoko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 27, 2003
Sold by
Bailey Marshall T
Bought by
Crivat Gheorghe Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.85%

Purchase Details

Closed on
Apr 6, 2000
Sold by
Neiswender Mary
Bought by
Bailey Marshall T and Bailey Cheri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9.12%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Sills David -- Ticor Title
Sills David -- Ticor Title Company Of Ca
Sills David $684,000 Chicago Title Company
Buchanan James R -- None Available
Barisdale Yoko Y -- None Available
Barisdale Yoko -- Fidelity Title
Buchanan Bobby -- Fidelity Title
Buchanan Bobby -- Fidelity Title
Barisdale Yoko -- First American Title Ins Co
Buchanan Bobby $830,000 First American Title Ins Co
Crivat Gheorghe Dan $490,000 Gateway Title Company
Bailey Marshall T $270,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sills David $650,000
Previous Owner Buchanan Bobby $670,000
Previous Owner Barisdale Yoko $41,500
Previous Owner Buchanan Bobby $622,500
Previous Owner Crivat Gheorghe Dan $392,000
Previous Owner Bailey Marshall T $216,000
Closed Bailey Marshall T $40,500
Closed Crivat Gheorghe Dan $97,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2014 06/05/14 Sold $686,000 -8.4% $245 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $749,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,163 $851,961 $606,795 $245,166
2024 $11,163 $835,257 $594,898 $240,359
2023 $10,971 $818,881 $583,234 $235,647
2022 $10,304 $802,826 $571,799 $231,027
2021 $10,089 $787,086 $560,588 $226,498
2019 $9,945 $763,742 $543,961 $219,781
2018 $9,668 $748,768 $533,296 $215,472
2016 $8,894 $719,695 $512,589 $207,106
2015 $8,540 $708,886 $504,890 $203,996
2014 $8,548 $700,000 $466,600 $233,400
Source: Public Records

Agents Affiliated with this Home

  • Eileen Rivera

    Seller's Agent in 2014

    Eileen Rivera

    GE Dean and Associates

    (562) 688-9809

    1 in this area

    73 Total Sales

    Eileen Rivera
    Section Image
  • Steve Landsberg

    Buyer's Agent in 2014

    Steve Landsberg

    RE/MAX

    (562) 547-2431

    33 Total Sales

    Steve Landsberg
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14103458

California Regional Multiple Listing Service (CRMLS)

APN: 7265-010-028

California Los Angeles County Long Beach 90802 Alamitos Beach

1125 E 2nd St, Long Beach, CA

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