M
Seller's Agent in 2017
Michael Robinson
Broadmoor Realty, Inc.
(562) 857-9000
24 Total Sales
1217 E 2nd St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $2,499,632
6
Beds
10
Baths
6,152
Sq Ft
$406/Sq Ft
Est. Value
Highlights
- 8,258 Sq Ft lot
- Property is near public transit
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of May 2017Prime Historic Alamitos Beach Estate Income Property offered for the first time in 75 years (the present owner's family built it). Includes two spacious classic homes on East Second Street (1217 and 1219 East Second), and also includes commercial and residential income property on the Broadway side (1216-1222 East Broadway), that include three stores plus four apartments above. Entire property is separately metered, and the current rents are all very low. - -
1217 East Second Street is a Two Bedroom and Den, Two Bathroom Large Classic Cal Bungalow with a side Driveway to Garage.
1219 East Second Street is a Two Bedroom One Bathroom Classic Cal Bungalow.
This large lot then flows through to Broadway, where there are three high visibility commercial storefronts (1216, 1218, and 1222 East Broadway) and four residential apartments above (1220 East Broadway 1-4) that are two One Bedroom Apartments and two Studios. Rents are very low, and all units are separately metered.
Last Agent to Sell the Property
Broadmoor Realty, Inc. License #00597913 Listed on: 11/30/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,228
Year Built
- Built in 1906
Lot Details
- 8,258 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 1 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,152 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 10 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 7265011028
Community Details
Overview
- 4 Buildings
- 9 Units
Building Details
- 9 Leased Units
- 10 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $98,244
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 3, 2017
Sold by
Robles Young Alice and The David & Maxine Young Famil
Bought by
Robles Young Alice and Long Beach Irrevocable Settlem
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
4.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 17, 2017
Sold by
Polley Alan T and Polley Arline B
Bought by
Murphy Mayer Alan and Murphy Mayer Marcela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
4.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 8, 2012
Sold by
Polley Alan
Bought by
Polley Alan T and Polley Arline B
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 |
|---|---|---|---|
| Robles Young Alice | -- | None Available | |
| Murphy Mayer Alan | $1,700,000 | Old Republic Title Company | |
| Polley Alan T | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mayer Family Trust | $1,600,000 | |
| Closed | Mayer Alan | $1,510,000 | |
| Previous Owner | Murphy Mayer Alan | $1,360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2017 05/01/17 | Sold | $1,700,000 | -2.9% | $276 / Sq Ft |
| 01/19/2017 01/19/17 | Pending | -- | -- | -- |
| 12/30/2016 12/30/16 | Price Changed | $1,750,000 | -10.3% | $284 / Sq Ft |
| 12/19/2016 12/19/16 | Price Changed | $1,950,000 | -13.3% | $317 / Sq Ft |
| 11/30/2016 11/30/16 | For Sale | $2,250,000 | -- | $366 / 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 | $26,228 | $1,972,991 | $1,044,524 | $928,467 |
| 2024 | $26,228 | $1,934,306 | $1,024,044 | $910,262 |
| 2023 | $25,765 | $1,896,379 | $1,003,965 | $892,414 |
| 2022 | $24,201 | $1,859,196 | $984,280 | $874,916 |
| 2021 | $23,688 | $1,822,742 | $964,981 | $857,761 |
| 2020 | $23,628 | $1,804,053 | $955,087 | $848,966 |
| 2019 | $23,348 | $1,768,680 | $936,360 | $832,320 |
| 2018 | $22,685 | $1,734,000 | $918,000 | $816,000 |
| 2016 | $3,052 | $124,429 | $56,723 | $67,706 |
| 2015 | $2,969 | $122,560 | $55,871 | $66,689 |
| 2014 | $2,959 | $120,160 | $54,777 | $65,383 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2017
Gwen Kelly
Broadmoor Realty, Inc.
(562) 857-4936
2 in this area
31 Total Sales
-
Buyer's Agent in 2017
Marty Stone
Buckingham Investments
(310) 322-9763
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16755239
APN: 7265-011-028
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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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