Seller's Agent in 2020
Gary Tolfa
Triqor Group
(949) 756-3232
1 in this area
17 Total Sales
1172 E 1st St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,887,000 - $2,512,000
5
Beds
4
Baths
4,426
Sq Ft
$491/Sq Ft
Est. Value
Highlights
- 0.12 Acre Lot
- Laundry Room
- Landscaped
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2020Pleased to present the opportunity to acquire the 1st Street Property, a 4 unit building located steps from Ocean Blvd. Built in 1969, this property offers a good variety of large 2 and 3 bedroom units. The property includes 5 garages and is individually metered for gas and electricity, and is owner occupied. The 1st Street Property offers an investor the unique opportunity to purchase a well-located asset with a 4.2% Cap on current rents.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,682
Year Built
- Built in 1969
Lot Details
- 5,008 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 5 Car Garage
Home Design
- 4,426 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 9 / 56
- Assessor Parcel Number 7265009032
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Operating Expense $33,211
- Gross Income $105,284
- Net Operating Income $72,072
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2020
Closed on
Nov 5, 2020
Sold by
Simon Jerry O and Palmer Gayle H
Bought by
Love Barry J and Love Lesley M
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Loree Scarborough
Compass
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,976
Avg. Annual Appreciation
5.83%
Original Mortgage
$981,000
Outstanding Balance
$872,951
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,301,025
Purchase Details
Closed on
Aug 19, 2014
Sold by
Simon Jerry O
Bought by
Palmer Simon Family Revocable Living Tru
Purchase Details
Listed on
Feb 26, 2013
Closed on
Mar 17, 2014
Sold by
Bailey Basil
Bought by
Simon Jerry O and Palmer Gale H
Seller's Agent
Bill Boyd
Keller Williams Pacific Estate
Buyer's Agent
Bill Boyd
Keller Williams Pacific Estate
List Price
$1,170,000
Sold Price
$1,170,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$819,000
Interest Rate
3.87%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Dec 21, 2012
Sold by
Lux Eterna Llc
Bought by
Bailey Bail
Purchase Details
Closed on
Dec 17, 2005
Sold by
Bailey Basil
Bought by
Lux Eterna Llc
Purchase Details
Closed on
Aug 9, 2005
Sold by
Bailey Basil
Bought by
Bailey Basil and The Basil Bailey Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
5.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 6, 2002
Sold by
Cicotte Clyde P and The Cicotte Family Trust
Bought by
Bailey Basil
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,900
Interest Rate
5.37%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Love Barry J | $1,650,000 | Fidelity Natl Ttl Co Long Be | |
| Palmer Simon Family Revocable Living Tru | -- | None Available | |
| Simon Jerry O | $1,170,000 | Western Resources Title Co | |
| Bailey Bail | -- | None Available | |
| Lux Eterna Llc | -- | None Available | |
| Bailey Basil | -- | Southland Title | |
| Bailey Basil | -- | Southland Title | |
| Bailey Basil | $562,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Love Barry J | $981,000 | |
| Previous Owner | Simon Jerry O | $819,000 | |
| Previous Owner | Bailey Basil | $508,000 | |
| Previous Owner | Bailey Basil | $503,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/14/2020 12/14/20 | Sold | $1,650,000 | -2.9% | $373 / Sq Ft | |
| 07/23/2020 07/23/20 | For Sale | $1,700,000 | +45.3% | $384 / Sq Ft | |
| 05/02/2014 05/02/14 | Sold | $1,170,000 | 0.0% | $264 / Sq Ft | View Prior Sale |
| 03/01/2014 03/01/14 | Pending | -- | -- | -- | |
| 03/01/2014 03/01/14 | For Sale | $1,170,000 | -- | $264 / 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 | $22,682 | $1,786,011 | $649,458 | $1,136,553 |
| 2024 | $22,682 | $1,750,992 | $636,724 | $1,114,268 |
| 2023 | $22,304 | $1,716,660 | $624,240 | $1,092,420 |
| 2022 | $20,930 | $1,683,000 | $612,000 | $1,071,000 |
| 2021 | $20,515 | $1,650,000 | $600,000 | $1,050,000 |
| 2020 | $16,551 | $1,307,954 | $860,396 | $447,558 |
| 2019 | $16,359 | $1,282,321 | $843,526 | $438,795 |
| 2018 | $15,908 | $1,257,190 | $826,987 | $430,203 |
| 2016 | $14,622 | $1,207,797 | $794,875 | $412,922 |
| 2015 | $14,033 | $1,189,656 | $782,936 | $406,720 |
| 2014 | $13,009 | $1,084,903 | $733,314 | $351,589 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
-
Loree Scarborough
Buyer's Agent in 2020
Loree Scarborough
Compass
(562) 225-0511
4 in this area
78 Total Sales
-
Bill Boyd
Seller's Agent in 2014
Bill Boyd
Keller Williams Pacific Estate
(562) 714-2455
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20146335
APN: 7265-009-032
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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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