NOT LISTED FOR SALE

1125 E Appleton St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,909,974 - $2,592,000

9 Beds
7 Baths
4,520 Sq Ft
$498/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $1,565,000 $346 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $13,668/month

56 Days on Market

Highlights

  • 8,255 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • 3 Car Attached Garage

About This Home

As of September 2019

This Spanish Style 7 unit bldg. located adjacent to Retro Row at 1125 E Appleton Street. The bldg. has an excellent unit mix consisting of (1) Studio (non-conforming), (4) 1 -Bedrooms & (2) Large 2-Bedrooms. The 2-bedrooms feature their own laundry rooms along with kitchen dinettes, spacious formal living rooms and large decks. All units are separately metered for gas & electric and the bldg. also offers (3) single car garages for added income. This is a true value-add opportunity with 26% rental upside that would offer a stabilized cap rate of 6.62%.

Last Agent to Sell the Property

Byron Field

Keller Williams Larchmont License #01934775 Listed on: 05/28/2019

Keller Williams Larchmont

Last Buyer's Agent

Byron Field

Keller Williams Larchmont License #01934775

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 8,255

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 4,520 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • 8,255 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7275-004-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4520
  • Price Per Unit: 242857.00
  • Stories: 2
  • Year Built: 1936
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 375.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Garage Is Attached
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Water Expense: 4620.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2712.00
  • Maintenance Expense: 5250.00
  • Management Expense: 7304.00

Lot Info

  • Assessed Improvement Value: 233827
  • Assessed Land Value: 353929
  • Assessor Parcel Number: 7275-004-016
  • Geocode Override: No
  • Lot Size Area: 8255

Rental Info

  • Total Actual Rent: 10094.00
  • Monthly Gross Income: 10094.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.97
  • Gross Scheduled Income: 121728.00
  • Number Of Units: 7
  • Type Of Units: 7
  • Vacancy Allow Percent: 5.00

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 21250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 31, 2019
Sold by
Bayati Saif E
Bought by
1125 E Appleton Llc
Seller's Agent
Byron Field
Keller Williams Larchmont
Buyer's Agent
Byron Field
Keller Williams Larchmont
List Price
$1,699,000
Sold Price
$1,565,000
Premium/Discount to List
-$134,000
-7.89%
Current Estimated Value
$2,250,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$685,987
Avg. Annual Appreciation
5.95%
Original Mortgage
$1,000,000
Outstanding Balance
$874,004
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,376,983

Purchase Details

Closed on
Oct 3, 2003
Sold by
Bayati Jamal E
Bought by
Bayati Saif E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 1999
Sold by
Bayati Annette W
Bought by
Bayati Jamal E

Purchase Details

Closed on
Aug 13, 1999
Sold by
Swanz
Bought by
Bayati Saif E and Bayati Jamal E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
1125 E Appleton Llc $1,565,000 Chicago Title Company
Bayati Saif E -- Commonwealth Land Title Co
Bayati Jamal E -- American Title
Bayati Saif E $103,500 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1125 E Appleton Llc $1,000,000
Previous Owner Bayati Saif E $350,000
Previous Owner Bayati Saif E $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $1,565,000 -7.9% $346 / Sq Ft
05/28/2019 05/28/19 For Sale $1,699,000 -- $376 / Sq Ft
Source: The MLS

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 $22,062 $1,711,553 $1,093,645 $617,908
2024 $22,062 $1,677,994 $1,072,201 $605,793
2023 $21,688 $1,645,093 $1,051,178 $593,915
2022 $20,360 $1,612,837 $1,030,567 $582,270
2021 $19,948 $1,581,213 $1,010,360 $570,853
2019 $8,498 $611,500 $368,227 $243,273
2018 $8,216 $599,510 $361,007 $238,503
2016 $7,552 $576,233 $346,990 $229,243
2015 $7,263 $567,578 $341,778 $225,800
2014 $7,241 $556,461 $335,084 $221,377
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Byron Field

    Keller Williams Larchmont

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Map

Source: The MLS

MLS Number: 19-471072

The MLS

APN: 7275-004-016

California Los Angeles County Long Beach 90802 North Alamitos Beach

1125 E Appleton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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