L
Seller's Agent in 2022
Lou Meza
Archuleta Realty
(562) 900-4009
1 in this area
6 Total Sales
118 Orange Ave Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,613,127 - $2,085,000
4
Beds
4
Baths
2,592
Sq Ft
$693/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- Fireplace in Primary Bedroom
- No HOA
- Long Beach Polytechnic High School Rated A
- Private Yard
- Laundry Room
About This Home
As of June 2022A great 4(1x1) building with 9 garages opportunity in the heart of Alamitos Beach. Building is well maintained and has a one year old roof with some copper plumbing. The building has an on site owner owned laundry room that generates extra income. Orange Avenue is short 1.5 blocks walk from beach. It is near Downtown and Belmont Shores dining and entertainment. The location attracts quality tenants, looking for an exceptional living experience and a vibrant neighborhood. Property provides tenants with a landscaped, peaceful, safe and enjoyable secured private courtyard. Each tenant has a garage with direct in and out access to the courtyard. Long Beach is freeway close to Los Angeles and Orange county employment centers. All units have crown molding, baseboards and wood trim around all windows and doors. Property may offer the opportunity to convert some of the garages into ADUs for more income. Advise checking with City of Long Beach. Property has been professionally managed for many years. Garages annual income included in Gross Schedule Income. Also add rented 5 garages sq.ft. (1,150) to 2592 sq. ft. for accurate rental sq. ft.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,774
Year Built
- Built in 1935
Lot Details
- 4,996 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Landscaped
- Rectangular Lot
- Front Yard Sprinklers
- Private Yard
Parking
- 9 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Flat Roof Shape
- Reflective Roof
Interior Spaces
- 2,592 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
Kitchen
- Gas Oven
- Range Hood
- Disposal
- Fireplace in Kitchen
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- 4 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Utilities
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 18
- Tax Tract Number 576
- Assessor Parcel Number 7265011022
Community Details
Overview
- No Home Owners Association
- 4 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,272
- Gardener Expense $1,500
- Insurance Expense $1,500
- Pest Control $660
- Professional Management Expense $5,736
- Water Sewer Expense $972
- New Taxes Expense $20,400
- Operating Expense $32,544
- Gross Income $95,670
- Net Operating Income $63,126
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2022
Closed on
May 24, 2022
Sold by
Fitzmorris Jennifer A
Bought by
Gomez Irma Lorena
Seller's Agent
Lou Meza
Archuleta Realty
Buyer's Agent
Sergio Macias
Seven Gables Real Estate
List Price
$1,700,000
Sold Price
$1,700,000
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
$95,782
Avg. Annual Appreciation
1.66%
Original Mortgage
$1,190,000
Outstanding Balance
$1,117,792
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$677,990
Purchase Details
Closed on
Jan 5, 2007
Sold by
Fitzmorris Thomas K
Bought by
Fitzmorris Thomas K and Fitzmorris Jennifer A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,500
Interest Rate
7.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 7, 2006
Sold by
Pappas Gregory J
Bought by
Fitzmorris Thomas K and Fitzmorris Jennifer A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,500
Interest Rate
7.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 31, 2005
Sold by
Grieder Curtis P
Bought by
Pappas Gregory J and Pappas Nicole F
Purchase Details
Closed on
Mar 4, 2004
Sold by
Grieder Curtis P
Bought by
Grieder Curtis P and Curtis P Grieder Trust
Purchase Details
Closed on
Jun 10, 2003
Sold by
Ross Steven F and Kaiser Karl T
Bought by
Grieder Curtis P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 2002
Sold by
Ross Helen Marie
Bought by
Ross Steven F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.84%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 10, 1998
Sold by
Ginsburg Allen H Tr Persephenes Trust
Bought by
Ocean Crest Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,466
Interest Rate
7%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Gomez Irma Lorena | $1,700,000 | New Title Company Name | |
| Fitzmorris Thomas K | -- | Accommodation | |
| Fitzmorris Thomas K | $1,025,000 | California Title Company | |
| Pappas Gregory J | $3,200,000 | First American Title Ins Co | |
| Grieder Curtis P | -- | -- | |
| Grieder Curtis P | $2,150,000 | First American Title Co | |
| Ross Steven F | -- | Fidelity National Title Co | |
| Ross Steven E | -- | Fidelity National Title Co | |
| Ocean Crest Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gomez Irma Lorena | $1,190,000 | |
| Previous Owner | Fitzmorris Thomas K | $717,500 | |
| Previous Owner | Grieder Curtis P | $1,575,000 | |
| Previous Owner | Ross Steven E | $255,000 | |
| Previous Owner | Ocean Crest Llc | $196,466 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $1,700,000 | 0.0% | $656 / Sq Ft |
| 04/28/2022 04/28/22 | Pending | -- | -- | -- |
| 04/07/2022 04/07/22 | For Sale | $1,700,000 | -- | $656 / 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 | $22,774 | $1,804,052 | $1,289,367 | $514,685 |
| 2024 | $22,774 | $1,768,680 | $1,264,086 | $504,594 |
| 2023 | $22,393 | $1,734,000 | $1,239,300 | $494,700 |
| 2022 | $16,180 | $1,294,064 | $883,753 | $410,311 |
| 2021 | $15,862 | $1,268,691 | $866,425 | $402,266 |
| 2020 | $15,822 | $1,256,403 | $857,541 | $398,862 |
| 2019 | $14,051 | $1,100,720 | $751,200 | $349,520 |
| 2018 | $12,707 | $1,000,720 | $682,900 | $317,820 |
| 2016 | $9,426 | $765,000 | $522,400 | $242,600 |
| 2015 | $9,179 | $765,000 | $522,400 | $242,600 |
| 2014 | $8,102 | $660,000 | $450,700 | $209,300 |
Source: Public Records
Agents Affiliated with this Home
-
Lou Meza
-
Sergio Macias
Buyer's Agent in 2022
Sergio Macias
Seven Gables Real Estate
(562) 438-0910
1 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22070397
APN: 7265-011-022
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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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