R
Seller's Agent in 2021
Roark Merrill
NON-MEMBER/NBA or BTERM OFFICE
1215 Orizaba Ave Long Beach, CA 90804
Rose Park NeighborhoodEstimated Value: $1,505,000 - $2,024,000
9
Beds
9
Baths
4,800
Sq Ft
$363/Sq Ft
Est. Value
Highlights
- Private Yard
- Laundry Room
- Rectangular Lot
- Woodrow Wilson High School Rated A
- Bike Trail
- 4-minute walk to Orizaba Park
About This Home
As of April 2021This four unit property is to be sold together with it's sister property located next door at 1207 Orizaba only. It will not be sold separately.
Both properties are the same size and same unit breakdown as they are identical/reversed. This is one of the rarest 4 unit properties I have seen. Every bedroom has it's own full bathroom. There are a total of 9 bedrooms and 9 bathrooms. This is one of the largest 4 unit properties in Long Beach. With ample parking and huge floorplans, these units are easy to rent and have historically secured long term tenants. There are three 2-bedroom units, all with 2 full baths plus one 3-bedroom unit with 3 full bathrooms. These apartments very large. There are 6 garages for the 4 units! Plus there are 6 parking spots in the driveway. The owner of these properties has maintained them very well. Some of the units have been completely remodeled and some are original and in excellent condition.
Four of the garages are extra large 1-1/2 car size. The 3 bedroom units have their own laundry. The 2 bedrooom units can use the coin op washer and dryers. There is a huge space for RV parking behind 1215 Orizaba, long enough to park multiple recreational vehicles or 3 or 4 more cars. Parking is a critical component to apartments today and more than ever, very important to keep your tenants long term.
The upstairs units have poured concrete floors not unlike commercial construction. Separately metered. Laundry facilities under the stairs.
Last Agent to Sell the Property
Roark Merrill
NON-MEMBER/NBA or BTERM OFFICE License #01299364 Listed on: 08/06/2020
Last Buyer's Agent
Roark Merrill
NON-MEMBER/NBA or BTERM OFFICE License #01299364 Listed on: 08/06/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,998
Year Built
- Built in 1980
Lot Details
- 7,547 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Sprinkler System
- Private Yard
Parking
- 6 Car Garage
Home Design
- 4,800 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 30 / A
- Tax Tract Number 5752
- Assessor Parcel Number 7259017026
Community Details
Overview
- 4 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $100
- Insurance Expense $2,000
- Trash Expense $1,200
- Water Sewer Expense $600
- New Taxes Expense $1,500
- Operating Expense $4,700
- Gross Income $120,000
- Net Operating Income $116,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2020
Closed on
Mar 24, 2021
Sold by
Carnes Elizabeth J
Bought by
Aghanian and Aghanian Christine
Seller's Agent
Roark Merrill
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Roark Merrill
NON-MEMBER/NBA or BTERM OFFICE
List Price
$1,499,000
Sold Price
$1,364,800
Premium/Discount to List
-$134,200
-8.95%
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
$375,461
Avg. Annual Appreciation
5.57%
Original Mortgage
$1,023,600
Outstanding Balance
$922,934
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$817,327
Purchase Details
Closed on
Apr 4, 2017
Sold by
Fountainhead Holdings Llc
Bought by
Carnes Elizabeth J
Purchase Details
Closed on
Apr 23, 2013
Sold by
Carnes Elizabeth J
Bought by
Fountainhead Holdings Llc
Purchase Details
Listed on
Jan 23, 2011
Closed on
Jan 17, 2012
Sold by
Christensen Kay J
Bought by
Carnes Elizabeth J
Seller's Agent
Roark Merrill
HomeSmart, Evergreen Realty
Buyer's Agent
Joseph Ferrucci
Joseph A. Ferrucci, Broker
List Price
$799,000
Sold Price
$450,000
Premium/Discount to List
-$349,000
-43.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
Original Mortgage
$337,500
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2006
Sold by
The Salvation Army
Bought by
Christensen Kay J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Oct 20, 2005
Sold by
Moyer Roy D
Bought by
The Salvation Army and Roy D Moyer Charitable Remainder Unitrus
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 |
|---|---|---|---|
| Aghanian | $1,365,000 | Wfg National Title Insurance C | |
| Carnes Elizabeth J | -- | None Available | |
| Fountainhead Holdings Llc | -- | None Available | |
| Carnes Elizabeth J | $450,000 | Lawyers Title | |
| Christensen Kay J | $1,050,000 | Stewart Title Of California | |
| The Salvation Army | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aghanian | $1,023,600 | |
| Previous Owner | Carnes Elizabeth J | $337,500 | |
| Previous Owner | Christensen Kay J | $735,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/26/2021 04/26/21 | Sold | $1,364,800 | -4.2% | $284 / Sq Ft | |
| 03/03/2021 03/03/21 | Pending | -- | -- | -- | |
| 02/18/2021 02/18/21 | Price Changed | $1,425,000 | +1.9% | $297 / Sq Ft | |
| 08/28/2020 08/28/20 | Price Changed | $1,399,000 | -6.7% | $291 / Sq Ft | |
| 08/06/2020 08/06/20 | For Sale | $1,499,000 | +233.1% | $312 / Sq Ft | |
| 02/14/2012 02/14/12 | Sold | $450,000 | -43.7% | $96 / Sq Ft | View Prior Sale |
| 10/02/2011 10/02/11 | Pending | -- | -- | -- | |
| 01/23/2011 01/23/11 | For Sale | $799,000 | -- | $171 / 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 | $18,998 | $1,477,518 | $649,458 | $828,060 |
| 2024 | $18,998 | $1,448,548 | $636,724 | $811,824 |
| 2023 | $18,682 | $1,420,146 | $624,240 | $795,906 |
| 2022 | $17,541 | $1,392,300 | $612,000 | $780,300 |
| 2021 | $7,147 | $522,174 | $232,077 | $290,097 |
| 2020 | $7,127 | $516,821 | $229,698 | $287,123 |
| 2019 | $7,046 | $506,689 | $225,195 | $281,494 |
| 2018 | $6,764 | $496,755 | $220,780 | $275,975 |
| 2016 | $6,204 | $477,466 | $212,207 | $265,259 |
| 2015 | $5,967 | $470,295 | $209,020 | $261,275 |
| 2014 | $5,943 | $461,083 | $204,926 | $256,157 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2012
Joseph Ferrucci
Joseph A. Ferrucci, Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW20158860
APN: 7259-017-026
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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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