Seller's Agent in 2019
Steve Landsberg
RE/MAX
(562) 547-2431
34 Total Sales
1235 E Broadway Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,556,000 - $2,106,000
6
Beds
4
Baths
3,308
Sq Ft
$514/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Fishing
- Granite Countertops
- Long Beach Polytechnic High School Rated A
- 0.07 Acre Lot
- Hiking Trails
About This Home
As of November 2019This great four unit building has been meticulously cared for and includes recent complete copper plumbing, upgraded electric and fixtures, newer appliances and simple landscaping to give the future owner years of low maintenance and trouble free income. There are (2) 2BR. 1BA units and (2) large 1BR 1BA units, all with individual laundry room including washer/dryer (tenants love this). The units are large, over 800 square feet. Each unit includes ceiling fans throughout, (one in each bedroom and family rooms) newer flooring, stove, refrigerator, washer, and dryer. The two upstairs units also have private balconies. There are also two garages two open parking spaces. Rent are under current market potential for Alamitos Beach - one of the hottest markets in Long Beach at $78480 ($6540/mo.) with market rent at $91,500 (7625/mo.). THAT'S A MARKET RATE GRM OF ONLY 12.8!
Unit 1237 is being left vacant for viewing - is available M-F 9 -4 and it is beautiful!
The property is located close to beach access, the convention center, restaurants, shopping, performing arts center, all kinds of entertainment, the courthouse, businesses and public transportation.
Last Agent to Sell the Property
Re/Max R. E. Specialists License #01251087 Listed on: 09/16/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,585
Year Built
- Built in 1920
Lot Details
- 3,232 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 1 Open Parking Space
- 2 Car Garage
- Parking Available
Home Design
- Property Attached
- Copper Plumbing
Interior Spaces
- 3,308 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laminate Flooring
Kitchen
- Free-Standing Range
- Granite Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 34
- Tax Tract Number 2182
- Assessor Parcel Number 7275010033
Community Details
Overview
- 4 Units
Recreation
- Golf Course Community
- Fishing
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,247
- Trash Expense $300
- Water Sewer Expense $488
- New Taxes Expense $14,662
- Operating Expense $17,897
- Gross Income $125
- Net Operating Income $60,583
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 29, 2024
Sold by
Gomaa-Mersal Ali and Gomaa-Mersal Jennifer
Bought by
Gomaa-Mersal Family Living Trust and Gomaa-Mersal
Current Estimated Value
Purchase Details
Listed on
Sep 16, 2019
Closed on
Oct 1, 2019
Sold by
Gardner Michael and Orr Elisabeth
Bought by
Gomaa Mersal Ali and Gomaa Mersal Jennifer
Seller's Agent
Steve Landsberg
Re/Max R. E. Specialists
Buyer's Agent
Cecelia Peters
Beach City Brokers
List Price
$1,173,000
Sold Price
$1,260,000
Premium/Discount to List
$87,000
7.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$882,000
Interest Rate
3.6%
Purchase Details
Closed on
Oct 26, 2015
Sold by
Gardner Michael E
Bought by
2008 Michael Gardner and 2008 Elisabeth Orr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2013
Sold by
Gardner Michael
Bought by
Gardner Michael and Orr Elisabeth
Purchase Details
Closed on
Sep 17, 2010
Sold by
1235 Broadway Llc
Bought by
Gardner Michael and Orr Elisabeth E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
4.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 6, 2009
Sold by
Kasischke Salameh Carolyn A
Bought by
1235 Broadway Llc
Purchase Details
Closed on
Sep 6, 1995
Sold by
Federal National Mortgage Association
Bought by
Salamah Salamah K K and Kasischke Carolyn A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,450
Interest Rate
7.97%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 21, 1995
Sold by
Olawski George P and Bancplus Mtg Corp
Bought by
Federal National Mortgage Association
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 |
|---|---|---|---|
| Gomaa-Mersal Family Living Trust | -- | None Listed On Document | |
| Gomaa Mersal Ali | $1,260,000 | First American Title Company | |
| 2008 Michael Gardner | -- | Accommodation | |
| Gardner Michael E | -- | First American Title Company | |
| Gardner Michael | -- | None Available | |
| Gardner Michael | -- | None Available | |
| Gardner Michael | $585,000 | Orange Coast Title Company O | |
| 1235 Broadway Llc | -- | None Available | |
| Salamah Salamah K K | $134,500 | Southland Title Corporation | |
| Federal National Mortgage Association | $245,706 | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gomaa Mersal Ali | $882,000 | |
| Previous Owner | Gardner Michael E | $525,000 | |
| Previous Owner | Gardner Michael | $409,500 | |
| Previous Owner | Salamah Salamah K K | $130,450 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2019 11/07/19 | Sold | $1,260,000 | +7.4% | $381 / Sq Ft |
| 09/16/2019 09/16/19 | For Sale | $1,173,000 | -- | $355 / 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 | $17,585 | $1,377,989 | $437,456 | $940,533 |
| 2024 | $17,585 | $1,350,971 | $428,879 | $922,092 |
| 2023 | $17,289 | $1,324,482 | $420,470 | $904,012 |
| 2022 | $16,224 | $1,298,513 | $412,226 | $886,287 |
| 2021 | $15,900 | $1,273,053 | $404,144 | $868,909 |
| 2019 | $8,856 | $672,230 | $287,123 | $385,107 |
| 2018 | $8,607 | $659,057 | $281,494 | $377,563 |
| 2016 | $7,912 | $633,120 | $270,564 | $362,556 |
| 2015 | $7,600 | $623,611 | $266,500 | $357,111 |
| 2014 | $7,559 | $611,396 | $261,280 | $350,116 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Landsberg
-
Cecelia Peters
Buyer's Agent in 2019
Cecelia Peters
Beach City Brokers
(310) 408-9303
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19218675
APN: 7275-010-033
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