NOT LISTED FOR SALE

Estimated Value: $1,530,409 - $2,032,000

6 Beds
4 Baths
3,396 Sq Ft
3,759 Sq Ft Lot

Last Sold August 10, 2020

Last sale price $1,280,000 $377 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,775/month

75 Days on Market

Highlights

  • 0.09 Acre Lot
  • No HOA
  • Bike Trail
  • Long Beach Polytechnic High School Rated A
  • Energy-Efficient Appliances

About This Home

As of August 2020

Location, location, location. 1145 E 2nd is a four-unit property in highly desirable Alamitos Beach, in close proximity to East Village Arts District and booming DTLB. Rents in this area are typically higher than other neighborhoods of Long Beach. There are (2) 2BR. 1BA units and (2) large 1BR 1BA units Built in the 1920's, the property offers beautiful flooring, wood built-ins and aesthetic period detailing. Tenants pay for their own gas and electricity, keeping the building's utility expenses low. This is an excellent rental with plenty of street parking for the tenants. Two one car garages are located in the rear of the building as well as private patio for the tenants property is located close to beach access, the convention center, restaurants, shopping, performing arts center, all kinds of entertainment, businesses and public transportation.

Last Agent to Sell the Property

Caleb Wong

Angels Realty Corp. License #01855124 Listed on: 04/01/2020

Last Buyer's Agent

Omar Al-Budeiri

Nationwide Real Estate Execs License #01971559

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,698

Year Built

  • Built in 1920

Lot Details

  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,396 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Eco-Friendly Details

  • Energy-Efficient Appliances

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 7 / 95
  • Tax Tract Number 1
  • Assessor Parcel Number 7265010034

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Gross Income $63,780

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,698

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7265010034
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Watersports

Green Features

  • Efficiency: Appliances

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3760.00
  • Lot Size Acres: 0.0863

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 63780.00
  • Gross Scheduled Income: 63780.00
  • Lot Size Area: 3760.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 95
  • Tax Census Tract: 5766.01
  • Tax Lot: 7
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jul 29, 2020
Sold by
Hijjawi Reem Hisham
Bought by
Rok Locust Llc
Seller's Agent
Caleb Wong
Angels Realty Corp.
Buyer's Agent
Omar Al-Budeiri
Nationwide Real Estate Execs
List Price
$1,300,000
Sold Price
$1,280,000
Premium/Discount to List
-$20,000
-1.54%
Current Estimated Value
$1,773,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,102
Avg. Annual Appreciation
6.44%
Original Mortgage
$330,000
Outstanding Balance
$292,622
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,480,480

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jul 24, 2020
Sold by
Hung Sherman S and Chen L
Bought by
Hijjawi Reem Hisham
Seller's Agent
Caleb Wong
Angels Realty Corp.
Buyer's Agent
Omar Al-Budeiri
Nationwide Real Estate Execs
List Price
$1,300,000
Sold Price
$1,280,000
Premium/Discount to List
-$20,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$292,622
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,480,480

Purchase Details

Closed on
Apr 21, 2017
Sold by
Hung Sherman S
Bought by
Hung Sherman S and Chen Lichen

Purchase Details

Listed on
Dec 21, 2012
Closed on
Jan 10, 2013
Sold by
Sy Sequoia Llc
Bought by
Hung Sherman S and Chen Lichen
Seller's Agent
Reine Shih Briggs
Pacific City Properties
Buyer's Agent
Vivian Zhu
Global Premium Realty
List Price
$620,000
Sold Price
$643,000
Premium/Discount to List
$23,000
3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$423,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2009
Sold by
Wang Yuh Huey and Chan Steve
Bought by
Sy Sequoia Llc

Purchase Details

Closed on
Jun 6, 2006
Sold by
Chan Steve
Bought by
Wang Yuh Huey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2006
Sold by
Nhse Lady Lake Llc
Bought by
Wang Yuh Huey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 12, 2006
Sold by
Casper Richard A and Caspter Elizabeth M
Bought by
Nshe Lady Lake Llc

Purchase Details

Closed on
May 26, 2005
Sold by
Casper Richard A and Casper Elizabeth M
Bought by
Casper Richard A
Source: Public Records

Range of Values:

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Average Value
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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
Rok Locust Llc -- Accommodation
Hijjawi Reem Hisham $1,280,000 First American Title Company
Hung Sherman S -- None Available
Hung Sherman S $643,000 First American Title Company
Sy Sequoia Llc -- Accommodation
Wang Yuh Huey -- Fidelity National Title Co
Wang Yuh Huey $850,000 Fidelity National Title Co
Nshe Lady Lake Llc -- Fidelity National Title Co
Casper Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hijjawi Reem Hisham $330,000
Previous Owner Hung Sherman S $423,500
Previous Owner Wang Yuh Huey $581,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2020 08/10/20 Sold $1,280,000 -1.5% $377 / Sq Ft
04/01/2020 04/01/20 For Sale $1,300,000 +102.2% $383 / Sq Ft
03/08/2013 03/08/13 Sold $643,000 +3.7% $189 / Sq Ft View Prior Sale
01/08/2013 01/08/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $620,000 -- $183 / 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 $17,698 $1,385,510 $1,028,309 $357,201
2024 $17,698 $1,358,345 $1,008,147 $350,198
2023 $17,400 $1,331,712 $988,380 $343,332
2022 $16,330 $1,305,600 $969,000 $336,600
2021 $16,003 $1,280,000 $950,000 $330,000
2020 $9,445 $724,563 $534,840 $189,723
2019 $9,335 $710,367 $524,353 $186,014
2018 $9,069 $696,450 $514,072 $182,378
2016 $8,336 $668,869 $494,111 $174,758
2015 $8,006 $658,822 $486,689 $172,133
2014 $7,962 $645,918 $477,156 $168,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20068187

California Regional Multiple Listing Service (CRMLS)

APN: 7265-010-034