NOT LISTED FOR SALE
7 Beds
7 Baths
8,328 Sq Ft
6,351 Sq Ft Lot

Sale Details

Date Sold: March 31, 2017

Last sale price $2,664,000 $320 Per Sq Ft

9 Days on Market

Highlights

  • Dual Staircase
  • Property is near park and public transit
  • Balcony
  • Woodrow Wilson High School Rated A
  • Private Yard
  • 5-minute walk to Orizaba Park

About This Home

As of March 2017

The Orizaba Apartments are 1987 built 9 units located in the Eastside/Circle area of Long Beach. Renovated units have Condo Quality granite, tile, hardwood, carpet, fixtures and appliances. New roof and extensive exterior work includes siding, decks, paint and new balcony wood. Unit mix is 1 large ground floor 1 bedroom/1 bath and 8 large 2 bedrooms/2 baths. All units have private balconies. Laundry room on site and rentable storage rooms can add income. Controlled access entry with covered ground level parking.

Last Agent to Sell the Property

Larry Bustamante

Keller Williams Realty Downey License #00762602 Listed on: 01/18/2017

Keller Williams Realty Downey

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,351 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System
  • Private Yard

Home Design

  • Property Attached

Interior Spaces

  • 8,328 Sq Ft Home
  • Dual Staircase
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 15 Parking Spaces
  • Parking Available
  • Covered Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • Property is near park and public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 576903
  • Assessor Parcel Number 7259018007

Community Details

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $908
  • Gardener Expense $1,990
  • Insurance Expense $1,695
  • Maintenance Expense $758
  • Other Expense $7,210
  • Pest Control $993
  • Supplies Expense $251
  • Water Sewer Expense $2,949
  • New Taxes Expense $33,480
  • Operating Expense $52,157
  • Gross Income $152,100
  • Net Operating Income $99,943

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,351 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 251.00
  • Water Sewer Expenses: 2949.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1990.00
  • Parcel Number: 7259018007
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 319.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 15.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 993.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 6351.00

Multi Family

  • Electric Expense: 908.00
  • Gross Income: 152100.00
  • Gross Scheduled Income: 152100.00
  • Insurance Expense: 1695.00
  • Maintenance Expense: 758.00
  • Net Operating Income: 99943.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 52157.00
  • Other Expense: 7210.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Expenses: 52157.00

Tax Info

  • New Taxes Expense: 33480.00
  • Tax Census Tract: 5769.03
  • Tax Lot: 14
  • Tax Tract Number: 576903

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

Closed on
Dec 23, 2016
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2010
Sold by
Bought by

Purchase Details

Closed on
May 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2000
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
$337,500
Interest Rate
0.0784%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 21, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,664,000 North American Title Company
-- None Available
-- None Available
-- Chicago Title
-- --
$290,000 --
$280,000 Northern Counties Title Ins
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
Previous Owner $645,000
Previous Owner $337,500
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
03/31/2017 03/31/17 Sold $2,664,000 -1.3% $320 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $2,700,000 -- $324 / 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 $41,262 $3,091,795 $1,276,642 $1,815,153
2024 $39,449 $3,031,172 $1,251,610 $1,779,562
2023 $38,784 $2,971,738 $1,227,069 $1,744,669
2022 $36,394 $2,913,469 $1,203,009 $1,710,460
2021 $35,659 $2,856,343 $1,179,421 $1,676,922
2019 $35,148 $2,771,625 $1,144,440 $1,627,185
2018 $34,299 $2,717,280 $1,122,000 $1,595,280
2016 $6,459 $442,921 $251,773 $191,148
2015 $6,230 $436,269 $247,992 $188,277
2014 $6,236 $427,724 $243,135 $184,589
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17012090

California Regional Multiple Listing Service (CRMLS)
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