NOT LISTED FOR SALE

Estimated Value: $1,446,000 - $1,849,000

1 Bed
1 Bath
760 Sq Ft
$2,148/Sq Ft Est. Value

Last Sold January 08, 2018

Last sale price $1,080,000 $1,421 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,930/month

69 Days on Market

Highlights

  • 4,180 Sq Ft lot
  • No HOA
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of January 2018

Do not miss out on owning this beautiful vintage charm property centrally located in the prime are of Alamitos Beach in the city of Long Beach. Compromised of four large one bedroom units the includes a refrigerator, stove and wall heater. Blocks from the ocean, restaurants, parks, coffee shops, metro and bus stops. Look no further and add this to your portfolio.

Last Agent to Sell the Property

EDGAR SARABIA

Spurr & Associates Inc License #01730229 Listed on: 10/04/2017

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 4,180 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 760 Sq Ft Home
  • Carpet
  • Gas Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 2
  • Tax Tract Number 2
  • Assessor Parcel Number 7265011027

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $14,735
  • Gross Income $51,664
  • Net Operating Income $27,657

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 3.08
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7265011027
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 1421.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4180.00

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Gross Income: 51664.00
  • Gross Multiplier: 23.20
  • Gross Scheduled Income: 51664.00
  • Net Operating Income: 27657.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14735.00
  • Rent Control: No
  • Total Expenses: 14735.00

Tax Info

  • Tax Census Tract: 5766.01
  • Tax Lot: 2
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Dec 19, 2017
Sold by
Stirling Charles Frank
Bought by
King Scott Edward and Posch Susan Michele
Seller's Agent
EDGAR SARABIA
Spurr & Associates Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,199,000
Sold Price
$1,080,000
Premium/Discount to List
-$119,000
-9.92%
Current Estimated Value
$1,632,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$552,376
Avg. Annual Appreciation
5.31%
Original Mortgage
$81,000
Outstanding Balance
$67,999
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,564,377

Purchase Details

Closed on
Jul 27, 1995
Sold by
Stirling Zenaides M
Bought by
Stirling Zenaides M and Charles K Stirling Exemption Trust

Purchase Details

Closed on
Mar 21, 1994
Sold by
Stirling Charles K
Bought by
Stirling Charles K and Stirling Zenaides M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
King Scott Edward $1,080,000 Chicago Title Company
Stirling Zenaides M -- --
Stirling Charles K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Scott Edward $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2018 01/08/18 Sold $1,080,000 -9.9% $1,421 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $1,199,000 0.0% $1,578 / Sq Ft
11/12/2014 11/12/14 Rented $1,095 +4.8% --
11/12/2014 11/12/14 For Rent $1,045 -- --
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 $16,539 $1,228,851 $682,696 $546,155
2024 $15,824 $1,204,757 $669,310 $535,447
2023 $15,558 $1,181,136 $656,187 $524,949
2022 $14,605 $1,157,977 $643,321 $514,656
2021 $14,309 $1,135,272 $630,707 $504,565
2019 $14,104 $1,102,020 $612,000 $490,020
2018 $1,864 $98,413 $23,244 $75,169
2016 $1,701 $94,191 $22,343 $71,848
2015 $1,649 $92,777 $22,008 $70,769
2014 $1,662 $90,960 $21,577 $69,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17229027

California Regional Multiple Listing Service (CRMLS)

APN: 7265-011-027