NOT LISTED FOR SALE

1140 Mira Mar Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,273,000 - $1,703,000

7 Beds
5 Baths
3,631 Sq Ft
$396/Sq Ft Est. Value

Last Sold June 22, 2016

Last sale price $899,000 $248 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,985/month

27 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Granite Countertops
  • Laundry Room

About This Home

As of June 2016

Great investment opportunity in Eastside/Alamitos Heights area of Long Beach. Two buildings on one lot. Detached 2bdr/1ba appx/ 1200 sq.ft. front house has living and dining room with fireplace, has been renovated with hardwood floors, custom door moldings, granite counters, custom cabinets and stainless steel appliances in kitchen. Updated bathroom with vanity, ceramic tile flooring and inside laundry hookups. Large rear duplex built with permits in 1989 has 3bdr/2ba unit with remodeled kitchen, granite countertops, stainless steel appliances, hardwood floors and ceramic tile. Downstairs bedroom and bath and two large bedrooms and bath upstairs. Third unit is 2bdr/2ba with ceramic tile counters, flooring and carpet. Brand new exterior fencing. Long term tenants on month to month leases rents are undermarket. Tenants pay electric and gas on separate meters.

Last Agent to Sell the Property

Kathleen Kramer

W Investments License #01198187 Listed on: 04/27/2016

Last Buyer's Agent

Chris Miller

Miller Real Estate License #01723166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,736

Year Built

  • Built in 1938

Lot Details

  • 6,290 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • New Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,631 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 17
  • Tax Tract Number 6367
  • Assessor Parcel Number 7254003020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,999
  • Trash Expense $1,400
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,000
  • Gross Income $4,895
  • Net Operating Income $43,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,736

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7254003020
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Tile Counters
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 247.59

Exterior Features

  • Fencing: New Condition, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Door Opener, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Fireplace(s), Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Level with Street, Paved, Near Public Transit
  • Lot Size Sq Ft: 6290.00
  • Price Per Lot Square Foot: 142.93

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 4895.00
  • Gross Scheduled Income: 58140.00
  • Insurance Expense: 1999.00
  • Net Operating Income: 43840.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14300.00
  • Rent Control: No
  • Total Actual Rent: 4845.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Lot: 17
  • Tax Tract Number: 6367

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jun 16, 2016
Sold by
Foellmer Frank and Foellmer Laura
Bought by
Foellmer Frank and Foellmer Laura J
Seller's Agent
Kathleen Kramer
W Investments
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$915,000
Sold Price
$899,000
Premium/Discount to List
-$16,000
-1.75%
Current Estimated Value
$1,438,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,762
Avg. Annual Appreciation
5.27%
Original Mortgage
$550,000
Outstanding Balance
$249,324
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,189,438

Purchase Details

Listed on
Apr 27, 2016
Closed on
May 27, 2016
Sold by
Delson Jennifer
Bought by
Foellmer Frank and Foellmer Laura
Seller's Agent
Kathleen Kramer
W Investments
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$915,000
Sold Price
$899,000
Premium/Discount to List
-$16,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$249,324
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,189,438

Purchase Details

Closed on
Apr 20, 2016
Sold by
Delson Jennifer and Delson Sandra
Bought by
Delson Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$249,324
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,189,438

Purchase Details

Closed on
Oct 19, 2015
Sold by
Delson Jennifer
Bought by
Delson Jennifer and Delson Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2011
Sold by
Delson Jennifer and Mena Jennifer Delson
Bought by
Delson Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$591,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Alvarenga Gladis
Bought by
Mena Jennifer Delson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 19, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Alvarenga Gladis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 3, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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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
Foellmer Frank -- Ticor Title
Foellmer Frank $899,000 Ticor Title
Delson Jennifer -- Accommodation
Delson Jennifer -- Wfg National Title Company
Delson Jennifer -- Ticor Title
Mena Jennifer Delson $805,000 Investors Title Company
Alvarenga Gladis $225,000 Investors Title Company
Home Svgs Of America Fsb $324,786 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foellmer Frank $550,000
Previous Owner Delson Jennifer $559,000
Previous Owner Delson Jennifer $591,000
Previous Owner Mena Jennifer Delson $603,750
Previous Owner Alvarenga Gladis $530,000
Previous Owner Alvarenga Gladis $500,000
Previous Owner Alvarenga Gladis $310,000
Previous Owner Alvarenga Gladis $255,500
Previous Owner Alvarenga Gladis $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2016 06/22/16 Sold $899,000 -1.7% $248 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $915,000 -- $252 / 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 $13,736 $1,064,226 $745,789 $318,437
2024 $13,736 $1,043,360 $731,166 $312,194
2023 $13,508 $1,022,903 $716,830 $306,073
2022 $12,685 $1,002,847 $702,775 $300,072
2021 $12,429 $983,185 $688,996 $294,189
2020 $12,396 $973,105 $681,932 $291,173
2019 $12,252 $954,025 $668,561 $285,464
2018 $11,859 $935,319 $655,452 $279,867
2016 $10,276 $845,000 $500,700 $344,300
2015 $9,276 $780,000 $462,200 $317,800
2014 $8,348 $688,500 $408,000 $280,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kathleen Kramer

    W Investments

  • C

    Buyer's Agent in 2016

    Chris Miller

    Miller Real Estate

    (562) 597-3062

    14 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16088117

California Regional Multiple Listing Service (CRMLS)

APN: 7254-003-020

California Los Angeles County Long Beach 90804 Recreation Park

1140 Mira Mar Ave, Long Beach, CA

This home is located at 1140 Mira Mar Ave, Long Beach, CA 90804 since 27 April 2016 and is currently estimated at $1,438,762, approximately $396 per square foot. This property was built in 1938. 1140 Mira Mar Ave is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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