L
Seller's Agent in 2022
Lou Meza
Buckingham Investments
(562) 900-4009
1 in this area
6 Total Sales
118 Orange Ave Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,610,308 - $1,745,000
4
Beds
4
Baths
2,592
Sq Ft
$639/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- Fireplace in Primary Bedroom
- No HOA
- Long Beach Polytechnic High School Rated A
- Private Yard
- Tile Flooring
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.
Last Agent to Sell the Property
Buckingham Investments License #00983625 Listed on: 04/07/2022
Property Details
Home Type
- Multi-Family
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 in unit
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2022
Closed on
May 24, 2022
Sold by
Bought by
Seller's Agent
Lou Meza
Buckingham Investments
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
-$43,173
Avg. Annual Appreciation
-0.63%
Original Mortgage
$1,190,000
Interest Rate
0.0425%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 7, 2022
Closed on
May 5, 2022
Sold by
Bought by
Seller's Agent
Lou Meza
Buckingham Investments
Buyer's Agent
Sergio Macias
Seven Gables Real Estate
List Price
$1,700,000
Sold Price
$1,700,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
0.0425%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2021
Sold by
Bought by
Purchase Details
Closed on
Jan 5, 2007
Sold by
Bought by
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
0.0787%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 7, 2006
Sold by
Bought by
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
0.0787%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 31, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 4, 2004
Sold by
Bought by
Purchase Details
Closed on
Jun 10, 2003
Sold by
Bought by
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
0.0513%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 2002
Sold by
Bought by
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
0.0684%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 10, 1998
Sold by
Bought by
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,700,000 | New Title Company Name | ||
| -- | New Title Company Name | ||
| -- | Burns Gawon Song | ||
| -- | Accommodation | ||
| $1,025,000 | California Title Company | ||
| $3,200,000 | First American Title Ins Co | ||
| -- | -- | ||
| $2,150,000 | First American Title Co | ||
| -- | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,190,000 | ||
| Previous Owner | $717,500 | ||
| Previous Owner | $1,575,000 | ||
| Previous Owner | $255,000 | ||
| Previous Owner | $900,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $23,784 | $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
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22070397
APN: 7265-011-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 1227 E 1st St Unit 2F
- 1152 E 1st St
- 1142 E 1st St
- 1130 E 1st St
- 100 Cerritos Ave Unit 7
- 1311 E 1st St Unit 12
- 216 Esperanza Ave
- 1101 E Ocean Blvd
- 1130 E Appleton St
- 1200 E Ocean Blvd Unit 12
- 1230 E Ocean Blvd Unit 503
- 1116 E Appleton St
- 1334 E 1st St Unit 12
- 1140 E Ocean Blvd Unit 310
- 1140 E Ocean Blvd Unit 320
- 1140 E Ocean Blvd Unit 109
- 1140 E Ocean Blvd Unit 220
- 1140 E Ocean Blvd Unit 228
- 1140 E Ocean Blvd Unit 134
- 1140 E Ocean Blvd Unit 131
- 124 Orange Ave
- 126 Orange Ave Unit 130
- 126 Orange Ave
- 1209 E 1st St
- 124 1/2 Orange Ave
- 1221 E 1st St Unit 12
- 1221 E 1st St Unit 10
- 1221 E 1st St Unit 11
- 1221 E 1st St
- 136 Orange Ave
- 1218 E 2nd St Unit 12
- 1218 E 2nd St Unit 14
- 1218 E 2nd St
- 1227 E 1st St
- 1227 E 1st St Unit 2E
- 1227 E 1st St Unit 2B
- 1227 E 1st St Unit 1D
- 1227 E 1st St Unit 2D
- 1227 E 1st St Unit 2A
- 1227 E 1st St Unit 1C
Your Personal Tour Guide
Ask me questions while you tour the home.