NOT LISTED FOR SALE

1151 E 15th St Long Beach, CA 90813

Central Neighborhood

Estimated Value: $967,000 - $1,155,000

3 Beds
2 Baths
2,358 Sq Ft
$442/Sq Ft Est. Value

Last Sold September 12, 2018

Last sale price $689,900 $293 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,458/month

176 Days on Market

Highlights

  • South Facing Home
  • Long Beach Polytechnic High School Rated A
  • 3-minute walk to Rosa Parks Park

About This Home

As of September 2018

Triplex on large level lot. Lots of potential for this these units. Live in one rent out the others. New water heaters for all units and some electric work in upstairs unit recently completed. Upstairs unit has bonus room that could be used as a den, laundry and has been used as a bedroom. New extra large 2 car garage with plumbing. Near shopping, LB City College, ports, downtown Long Beach and close to freeways. Drive by only, please do not disturb the tenants.

Last Agent to Sell the Property

Jacqueline Ann Collins

Millennium Real Estate Service License #01275204 Listed on: 09/27/2017

Last Buyer's Agent

Carmela Jacobs

Carmela Realty License #01103369

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,258

Year Built

  • Built in 1924

Lot Details

  • 6,753 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Fixer Upper

Interior Spaces

  • 2,358 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Unpaved Parking

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 7268022035

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • Insurance Expense $219
  • Professional Management Expense $1,800
  • Water Sewer Expense $2,205
  • Operating Expense $4,224
  • Gross Income $44,400
  • Net Operating Income $35,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,258

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Cell
  • Other Phone Number: 310-809-3869
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2205.00
  • Zoning: LBR1N
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 7268022035
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 292.58

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unpaved
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6753.00

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 39960.00
  • Insurance Expense: 219.00
  • Net Operating Income: 35736.00
  • Number Of Separate Electric Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 4224.00
  • Rent Control: No
  • Total Actual Rent: 3330.00
  • Total Expenses: 4224.00

Tax Info

  • Tax Census Tract: 5752.01
  • Tax Lot: 21
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2018
Sold by
Steven Olsen Erin
Bought by
Freeman Francisca
Current Estimated Value
$1,041,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$759,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2003
Sold by
Scully Richard M
Bought by
Scully Richard M and Scully Sue M

Purchase Details

Closed on
Sep 20, 1999
Sold by
Federal National Mortgage Association
Bought by
Scully Richard M and Scully Sue M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
3.85%

Purchase Details

Closed on
Feb 9, 1999
Sold by
Gibbs Bennie L and Gibbs Pearl A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 18, 1996
Sold by
Gibbs Bennie L
Bought by
Gibbs Bennie Lee and Gibbs Pearl Ann
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
Freeman Francisca $690,000 Wfg National Title Company O
Scully Richard M -- --
Scully Richard M $135,000 Fidelity Title
Federal National Mortgage Association $145,043 American Title
Gibbs Bennie Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Francisca $759,000
Previous Owner Freeman Francisca $759,000
Previous Owner Scully Richard M $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2018 09/12/18 Sold $689,900 0.0% $293 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/22/2018 03/22/18 Price Changed $689,900 +1.6% $293 / Sq Ft
09/27/2017 09/27/17 For Sale $679,000 -- $288 / 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 $11,258 $863,153 $334,654 $528,499
2024 $11,258 $846,230 $328,093 $518,137
2023 $10,948 $829,638 $321,660 $507,978
2022 $10,282 $813,371 $315,353 $498,018
2021 $9,025 $710,988 $309,170 $401,818
2019 $8,895 $690,220 $300,000 $390,220
2018 $2,718 $182,664 $94,549 $88,115
2016 $2,497 $175,266 $90,879 $84,387
2015 $2,407 $172,634 $89,514 $83,120
2014 $2,408 $169,253 $87,761 $81,492
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jacqueline Ann Collins

    Millennium Real Estate Service

    (310) 809-3869

    5 Total Sales

    Jacqueline Ann Collins
    Section Image

  • C

    Buyer's Agent in 2018

    Carmela Jacobs

    Carmela Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17224249

California Regional Multiple Listing Service (CRMLS)

APN: 7268-022-035

California Los Angeles County Long Beach 90813 Central

1151 E 15th St, Long Beach, CA

This home is located at 1151 E 15th St, Long Beach, CA 90813 since 27 September 2017 and is currently estimated at $1,041,211, approximately $441 per square foot. This property was built in 1924. 1151 E 15th St is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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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