NOT LISTED FOR SALE

Estimated Value: $298,000 - $317,000

-- Bed
-- Bath
8,700 Sq Ft
$36/Sq Ft Est. Value

Last Sold June 08, 2012

Last sale price $1,450,000 $167 Per Sq Ft

Current estimated payment $1,802/month

251 Days on Market

Highlights

  • 0.21 Acre Lot
  • 5-minute walk to Anaheim Station
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2012

OUTSTANDING OLDER BUILDING IN GREAT AREA. ALWAYS RENTED AND VERY NEAR REDEVELOPMENT ZONE 8 1BR UNITS , 12 SINGLE UNITS

Last Agent to Sell the Property

Susan Lombardi

Lombardi Realty License #00887139 Listed on: 09/30/2011

Last Buyer's Agent

Shaun Hurley

Coldwell Banker Realty License #00870450

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,363

Year Built

  • Built in 1923

Lot Details

  • 9,121

Home Design

  • 8,700 Sq Ft Home
  • Brick Exterior Construction
  • Stucco

Additional Features

  • 9,121 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 5
  • Assessor Parcel Number 7273005044

Community Details

Overview

  • 20 Units

Building Details

  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $905
  • Insurance Expense $5,535
  • Pest Control $80
  • Supplies Expense $266
  • Trash Expense $323
  • Water Sewer Expense $491
  • New Taxes Expense $12,000
  • Gross Income $13,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,363

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • Supplies Expense: 266.00
  • View: No
  • Water Sewer Expenses: 491.00
  • Property Type: Residential Income
  • Parcel Number: 7273005044
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 166.67

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 80.00
  • Trash Expense: 323.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9121.00
  • Lot Size Acres: 0.2090

Multi Family

  • Electric Expense: 905.00
  • Gross Income: 13396.00
  • Gross Multiplier: 9.32
  • Insurance Expense: 5535.00
  • Lot Size Area: 9121.0000 Square Feet
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Area: 11934
  • Tax Lot: 14
  • Tax Tract Number: 005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2016
Sold by
Ocean Structure Lp
Bought by
2540 Colorado Blvd Llc
Current Estimated Value
$308,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$985,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2015
Sold by
2450 Colorado Blvd Llc
Bought by
Ocean Structure

Purchase Details

Closed on
Jan 31, 2012
Sold by
Diaz David and Diaz Linda
Bought by
2450 Colorado Blvd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2002
Sold by
Ajrab Egenie
Bought by
Diaz David and Diaz Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 6, 2001
Sold by
Starr Robert G
Bought by
Ajrab Egenie
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
2540 Colorado Blvd Llc -- North American Title Company
Ocean Structure -- Pacific Coast Title Company
2450 Colorado Blvd Llc $1,450,000 Pacific Coast Title Company
Diaz David $740,000 Chicago Title Co
Ajrab Egenie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2450 Colorado Blvd Llc $985,000
Previous Owner 2540 Colorado Blvd Llc $985,000
Previous Owner 2450 Colorado Blvd Llc $1,035,000
Previous Owner 2450 Colorado Blvd Llc $1,000,000
Previous Owner 2450 Colorado Blvd Llc $1,000,000
Previous Owner Diaz David $150,000
Previous Owner Diaz David $277,500
Previous Owner Diaz David $899,000
Previous Owner Ajrab Egenie $40,000
Previous Owner Diaz David $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2012 06/08/12 Sold $1,450,000 -14.7% $167 / Sq Ft
06/07/2012 06/07/12 Pending -- -- --
09/30/2011 09/30/11 For Sale $1,699,000 -- $195 / 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 $1,363 $94,194 $56,518 $37,676
2024 $1,363 $92,348 $55,410 $36,938
2023 $1,337 $90,538 $54,324 $36,214
2022 $203 $88,763 $53,259 $35,504
2021 $1,229 $87,023 $52,215 $34,808
2019 $189 $84,444 $50,667 $33,777
2018 $1,774 $132,030 $73,937 $58,093
2016 $1,635 $126,905 $71,067 $55,838
2015 $1,047 $78,381 $47,029 $31,352
2014 $1,046 $76,846 $46,108 $30,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S675299

California Regional Multiple Listing Service (CRMLS)

APN: 7273-005-044