NOT LISTED FOR SALE

Estimated Value: $1,184,000 - $1,501,000

4 Beds
6 Baths
1,976 Sq Ft
$674/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $1,245,000 $630 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,350/month

53 Days on Market

Highlights

  • 0.07 Acre Lot
  • Laundry Room
  • Level Lot
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2022

NEW PRICING - Motivated Seller - Tenants are on month-to-month leases. 1137-1139 E Broadway in "Los Alamitos Beach", Long Beach, CA. Completely remodeled and located a few blocks from the ocean, this luxurious two-unit property features a two-bedroom & three-bathroom unit on the top floor and a two-bedroom & three-bathroom unit at the bottom. 1137 E Broadway has two French doors that open to create an in-and-out atmosphere throughout the bottom unit. 1139 E Broadway has a master Suite featuring a steam room that offers a very spa-looking vibe and a back-patio which gives the unit additional indoor/outdoor space. These two units are separately metered for gas and electricity.

With over $4 billion invested into the Port of Long Beach and $1.5 billion in Downtown projects the already well-positioned City of Long Beach offer investors and residents an established market with a fun and exciting future. With the city's focus on economic expansion the revitalized City of Long Beach remains bullish in attracting a new demographic of residents through new business, higher education, quality jobs, and exciting amenities and venues.

Last Agent to Sell the Property

Alexandro Colombo

Keller Williams Coastal Prop. License #01927702 Listed on: 01/25/2022

Keller Williams Coastal Prop.

Last Buyer's Agent

James Kezios

Pacific Sotheby's Int'l Realty License #02112863

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,221 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 1,976 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2182
  • Assessor Parcel Number 7275004031
  • $397 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,087
  • Trash Expense $900
  • Water Sewer Expense $900
  • Operating Expense $21,038
  • Gross Income $62,100
  • Net Operating Income $39,199

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 900.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7275004031
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 630.06

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 3221.00
  • Lot Size Acres: 0.0739

Multi Family

  • Gross Income: 62100.00
  • Gross Scheduled Income: 62100.00
  • Insurance Expense: 1087.00
  • Lot Size Area: 3221.0000 Square Feet
  • Net Operating Income: 39199.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21038.00
  • Rent Control: Yes
  • Total Expenses: 21038.00

Tax Info

  • Tax Census Tract: 5766.01
  • Tax Lot: 10
  • Tax Tract Number: 2182
  • TaxOtherAnnualAssessmentAmount: 397.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2018
Sold by
Lomeli Jose Luis
Bought by
Paulino Gabriel
Current Estimated Value
$1,331,095

Purchase Details

Listed on
Oct 16, 2014
Closed on
Jul 9, 2015
Sold by
Page Robert
Bought by
Paulino Gabriel and Lomeli Jose Luis
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Jeff Anderson
eXp Realty of California Inc
List Price
$574,900
Sold Price
$592,000
Premium/Discount to List
$17,100
2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$581,277
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2006
Sold by
Finley Evan and Finley Christina
Bought by
Page Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$541,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2004
Sold by
Finley Evan and Finley Christina
Bought by
Finley Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2002
Sold by
Ramirez Leopoldo G and Ramirez Lizet O
Bought by
Finley Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,751
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 2000
Sold by
Ramirez Leopoldo G
Bought by
Ramirez Leopoldo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,150
Interest Rate
7.08%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 18, 2000
Sold by
Ramirez Lizit Ocon
Bought by
Ramirez Leopoldo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,920
Interest Rate
8.22%
Mortgage Type
VA
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
Paulino Gabriel $32,000 None Available
Paulino Gabriel $592,000 First American Title
Page Robert $677,000 North American Title Co
Finley Evan -- United Title Company
Finley Evan $275,000 Orange Coast Title
Ramirez Leopoldo G -- --
Ramirez Leopoldo G -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paulino Gabriel $581,277
Previous Owner Page Robert $541,600
Previous Owner Finley Evan $374,000
Previous Owner Finley Evan $270,751
Previous Owner Ramirez Leopoldo G $36,150
Previous Owner Ramirez Leopoldo G $168,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2022 05/17/22 Sold $1,245,000 0.0% $630 / Sq Ft
03/19/2022 03/19/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $1,245,000 -2.4% $630 / Sq Ft
01/25/2022 01/25/22 For Sale $1,275,000 +115.4% $645 / Sq Ft
08/10/2015 08/10/15 Sold $592,000 +3.0% $300 / Sq Ft View Prior Sale
10/23/2014 10/23/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $574,900 -- $291 / 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 $16,513 $1,321,203 $986,923 $334,280
2024 $16,513 $1,295,298 $967,572 $327,726
2023 $16,239 $1,269,900 $948,600 $321,300
2022 $9,351 $757,682 $538,454 $219,228
2021 $9,163 $742,827 $527,897 $214,930
2019 $9,030 $720,797 $512,241 $208,556
2018 $7,702 $615,916 $416,160 $199,756
2016 $7,078 $592,000 $400,000 $192,000
2015 $5,935 $500,000 $369,300 $130,700
2014 $6,008 $500,000 $369,300 $130,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22015537

California Regional Multiple Listing Service (CRMLS)

APN: 7275-004-031