R
Seller's Agent in 2023
Raj Sharma
HomeSmart Realty Group
(562) 912-7770
1 in this area
24 Total Sales
1141 E Broadway Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $982,213 - $1,479,000
4
Beds
4
Baths
3,222
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- Fishing
- Two Primary Bedrooms
- No HOA
- Long Beach Polytechnic High School Rated A
- 0.07 Acre Lot
- Double Pane Windows
About This Home
As of October 2023A residential fourplex consisting of 2 - two bedroom, two bath and 2 - one bedroom and one bathroom units partially rehabbed. Property has a new roof and new Milgard windows throughout. Each unit is separately metered for water and gas and will have in-unit AC and laundry once complete.
Permits are current. Structural, framing, rough plumbing, rough electrical, and rough HVAC all have passed inspection. Ready for drywall, and finishes. Seller requests cash only buyers with quick close. Otherwise will see the project to completion.
On complete, this to-be-turnkey luxury apartment with parking, located a few blocks from the beach and close proximity to bustling downtown Long Beach should generate approximately $11,000 in monthly income.
Last Agent to Sell the Property
HomeSmart Realty Group License #01943882 Listed on: 09/22/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Under Construction
Lot Details
- 3,222 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Front Facing Garage
- Three Garage Doors
Home Design
- Quadruplex
- Entry on the 2nd floor
Interior Spaces
- 3,222 Sq Ft Home
- 2-Story Property
- Wired For Data
- Gas Fireplace
- Double Pane Windows
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- Double Master Bedroom
- 4 Bathrooms
Accessible Home Design
- Doors swing in
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Location
- Urban Location
Utilities
- Ductless Heating Or Cooling System
- Central Air
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Tax Lot 12
- Tax Tract Number 2182
- Assessor Parcel Number 7275004033
- $773 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Alamitos Beach Subdivision
Recreation
- Fishing
- Park
- Dog Park
- Water Sports
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 5 Separate Water Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 20, 2024
Sold by
Alarcon Juan J and Contreras Araceli
Bought by
Alarcon Juan J and Contreras Araceli
Current Estimated Value
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
Outstanding Balance
$986,348
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$220,706
Purchase Details
Listed on
Sep 22, 2023
Closed on
Oct 24, 2023
Sold by
Daniele Shannon and Daniele Raquel
Bought by
Alarcon Juan
Seller's Agent
Raj Sharma
HomeSmart Realty Group
Buyer's Agent
Raj Sharma
HomeSmart Realty Group
List Price
$1,125,000
Sold Price
$1,000,000
Premium/Discount to List
-$125,000
-11.11%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Purchase Details
Listed on
Sep 22, 2023
Closed on
Oct 9, 2023
Sold by
Broadway Beach Llc
Bought by
Daniele Shannon and Castillo Raquel
Seller's Agent
Raj Sharma
HomeSmart Realty Group
Buyer's Agent
Raj Sharma
HomeSmart Realty Group
List Price
$1,125,000
Sold Price
$1,000,000
Premium/Discount to List
-$125,000
-11.11%
Views
7
Purchase Details
Listed on
Feb 11, 2014
Closed on
Feb 26, 2014
Sold by
Finley Evan Lee
Bought by
Broadway Beach Llc
Seller's Agent
Reginald Soriano
The Realty Group
Buyer's Agent
William Shelton
Coldwell Banker Envision
List Price
$640,000
Sold Price
$640,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$320,000
Interest Rate
2.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 9, 2000
Sold by
Bank United
Bought by
Finley Evan Lee and Finley Christina Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,357
Interest Rate
8.67%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 14, 2000
Sold by
Leal Arnulfo
Bought by
Bank United
Purchase Details
Closed on
Oct 5, 1998
Sold by
Leal Maria Luisa
Bought by
Leal Arnulfo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
8.85%
Purchase Details
Closed on
Aug 25, 1998
Sold by
Pacific American Equity
Bought by
Leal Arnulfo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
8.85%
Purchase Details
Closed on
Aug 12, 1998
Sold by
Riley Michael T
Bought by
Pacific American Equity Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
8.85%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alarcon Juan J | -- | Wfg National Title | |
| Alarcon Juan | -- | Accommodation/Courtesy Recordi | |
| Daniele Shannon | $1,000,000 | Old Republic Title Company | |
| Broadway Beach Llc | $640,000 | Pacific Coast Title Company | |
| Finley Evan Lee | $260,000 | Fidelity National Title | |
| Bank United | $269,607 | American Title | |
| Leal Arnulfo | -- | Fidelity National Title Co | |
| Leal Arnulfo | $299,000 | Fidelity National Title Co | |
| Pacific American Equity Inc | $180,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alarcon Juan J | $1,000,000 | |
| Previous Owner | Broadway Beach Llc | $320,000 | |
| Previous Owner | Finley Evan Lee | $259,357 | |
| Previous Owner | Leal Arnulfo | $239,200 | |
| Previous Owner | Pacific American Equity Inc | $192,150 | |
| Closed | Leal Arnulfo | $44,850 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/18/2023 10/18/23 | Sold | $1,000,000 | -11.1% | $310 / Sq Ft | |
| 09/22/2023 09/22/23 | Pending | -- | -- | -- | |
| 09/22/2023 09/22/23 | For Sale | $1,125,000 | +75.8% | $349 / Sq Ft | |
| 04/18/2014 04/18/14 | Sold | $640,000 | 0.0% | $200 / Sq Ft | View Prior Sale |
| 02/21/2014 02/21/14 | Pending | -- | -- | -- | |
| 02/11/2014 02/11/14 | For Sale | $640,000 | -- | $200 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,238 | $1,228,768 | $744,528 | $484,240 |
| 2024 | $13,238 | $1,000,000 | $660,000 | $340,000 |
| 2023 | $10,197 | $754,076 | $471,299 | $282,777 |
| 2022 | $9,580 | $739,291 | $462,058 | $277,233 |
| 2021 | $9,376 | $724,797 | $452,999 | $271,798 |
| 2019 | $9,242 | $704,622 | $439,564 | $265,058 |
| 2018 | $8,985 | $690,833 | $430,946 | $259,887 |
| 2016 | $8,261 | $662,741 | $414,213 | $248,528 |
| 2015 | $7,934 | $652,787 | $407,992 | $244,795 |
| 2014 | $4,240 | $325,976 | $100,299 | $225,677 |
Source: Public Records
Agents Affiliated with this Home
-
Raj Sharma
-
Reginald Soriano
Seller's Agent in 2014
Reginald Soriano
The Realty Group
(562) 256-9890
52 Total Sales
-
William Shelton
Buyer's Agent in 2014
William Shelton
Coldwell Banker Envision
(562) 841-5038
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS23173700
APN: 7275-004-033
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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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