Seller's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
203 Total Sales
1231 E 2nd St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,581,000 - $2,083,000
2
Beds
2
Baths
4,080
Sq Ft
$445/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of September 2019Huge 4+ unit building complete with beautiful hardwood floors, original built-in cabinets and in the most sought after beach city of Long Beach, Alamitos Beach.1231 E 2nd St has the perfect location between Ocean Blvd and the nightlife/social scene on Broadway and 4th. It is also situated just a few blocks from downtown Long Beach and a short walk to retro-row. These oversized units can easily be converted to 2 bedroom units. The property is comprised of (4) large 1-bedroom/1bathroom units, averaging over 1000 square feet a piece. Along with spacious living spaces, the units also boast a den off the bedroom, rare for the area. Along with the pure size and location, the units are also beautifully appointed with hardwood floors, granite counter tops, various built-ins, new windows, doors, frames, crown molding, and baseboards. Units also offer on-site laundry hook ups. Do not miss out on this chance to own a rare beach side asset in one of Southern California’s last affordable beachside communities.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/10/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 4,703 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- 4,080 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 5766
- Assessor Parcel Number 7265011032
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $24,582
- Gross Income $84,800
- Net Operating Income $54,958
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2019
Closed on
Aug 28, 2019
Sold by
Daaboul Wissam and Schmitz Adeline
Bought by
Daaboul Wissam and Schmitz Adeline
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Rob Jansen
Jansen Team Real Estate
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%
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
$491,956
Avg. Annual Appreciation
5.14%
Original Mortgage
$927,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 10, 2019
Closed on
Jul 22, 2019
Sold by
Daaboul Wissam and Schmitz Deline
Bought by
Shah Meit and Shah Khushbu
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Rob Jansen
Jansen Team Real Estate
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$927,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2014
Sold by
Daaboul Wissam A
Bought by
Daaboul Wissam and Schmitz Adeline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
4.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 9, 2012
Sold by
Daaboul Wissam
Bought by
Daaboul Wissam and Schmitz Adeline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 15, 2010
Sold by
Daaboul Wissam
Bought by
Daaboul Wissam and Schmitz Adeline
Purchase Details
Closed on
May 20, 2009
Sold by
Daaboul Wissam
Bought by
Ventures Unlimited Llc
Purchase Details
Closed on
Sep 16, 1998
Sold by
Ammirato Thomas
Bought by
Daaboul Wissam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,152
Interest Rate
6.6%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Daaboul Wissam | -- | Progressive Title Company | |
| Shah Meit | $1,325,000 | Progressive Title Company | |
| Daaboul Wissam | -- | Accommodation | |
| Daaboul Wissam A | -- | Lawyers Title Sd | |
| Daaboul Wissam | -- | None Available | |
| Daaboul Wissam | -- | Lsi Title Agency | |
| Daaboul Wissam | -- | None Available | |
| Daaboul Wissam | -- | None Available | |
| Ventures Unlimited Llc | -- | None Available | |
| Daaboul Wissam | $247,500 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shah Meit | $927,500 | |
| Previous Owner | Daaboul Wissam A | $444,500 | |
| Previous Owner | Daaboul Wissam | $420,000 | |
| Previous Owner | Daaboul Wissam | $234,152 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2019 09/05/19 | Sold | $1,325,000 | 0.0% | $325 / Sq Ft |
| 08/13/2019 08/13/19 | Pending | -- | -- | -- |
| 07/06/2019 07/06/19 | Price Changed | $1,325,000 | -1.9% | $325 / Sq Ft |
| 05/10/2019 05/10/19 | For Sale | $1,350,000 | -- | $331 / 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 | $18,511 | $1,449,078 | $984,280 | $464,798 |
| 2024 | $18,511 | $1,420,666 | $964,981 | $455,685 |
| 2023 | $18,201 | $1,392,810 | $946,060 | $446,750 |
| 2022 | $17,081 | $1,365,501 | $927,510 | $437,991 |
| 2021 | $16,737 | $1,338,727 | $909,324 | $429,403 |
| 2019 | $4,989 | $347,812 | $207,282 | $140,530 |
| 2018 | $4,825 | $340,993 | $203,218 | $137,775 |
| 2016 | $4,422 | $327,754 | $195,328 | $132,426 |
| 2015 | $4,257 | $322,831 | $192,394 | $130,437 |
| 2014 | $4,248 | $316,508 | $188,626 | $127,882 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Christian Milner
Seller Co-Listing Agent in 2019
Christian Milner
Christian Milner Realty Group
(310) 425-9838
7 Total Sales
-
Rob Jansen
Buyer's Agent in 2019
Rob Jansen
Jansen Team Real Estate
(714) 914-4996
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19108936
APN: 7265-011-032
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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
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