Seller's Agent in 2022
Gia Silva
INTI Realty
(562) 572-4978
3 in this area
83 Total Sales
1242 E 7th St Long Beach, CA 90813
North Alamitos Beach NeighborhoodEstimated Value: $1,525,342 - $1,673,000
8
Beds
6
Baths
2,875
Sq Ft
$561/Sq Ft
Est. Value
Highlights
- 0.18 Acre Lot
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 5 Car Garage
About This Home
As of October 20221242 E 7th Street is the Long Beach 3 unit building you've been waiting for, with an additional 4th unit! The property's income opportunities are endless. Besides being in a prime location of North Alamitos Beach; 1242 E 7th St. offers large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /1.5 Bath unit, one 2 Bedroom/ 1 Bath units and one 1 bedroom/ 1 bath upstairs back unit with a private patio deck- each with their own garage plus a fifth garage for you to have additional income. Two of the units have tankless water heaters as well as the shared laundry room by the garages. With a long and large driveway and sitting on a 8,022 sqft. lot; this property has potential for building additional units and ADUs. With proximity to 4th Streets Retro Row, Downtown Long Beach and a bike ride to the beach, your new building will appeal to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with ALL units to be delivered vacant at close of escrow. Now, that's hot!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,760
Year Built
- Built in 1911
Lot Details
- 8,022 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 5 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- 2,875 Sq Ft Home
- Triplex
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 3 / 1
- Assessor Parcel Number 7266012003
Community Details
Overview
- 2 Buildings
- 4 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,668
- Maintenance Expense $2,400
- Trash Expense $348
- Water Sewer Expense $169
- Operating Expense $4,821
- Gross Income $123,600
- Net Operating Income $118,779
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2022
Closed on
Sep 6, 2022
Sold by
Khan Mahbubul A and Khan Silvana Z
Bought by
Romios Dena
Seller's Agent
Gia Silva
INTI Realty
Buyer's Agent
Jason Dufault
Keller Williams Coastal Proper
List Price
$1,495,000
Sold Price
$1,420,000
Premium/Discount to List
-$75,000
-5.02%
Views
13
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
$195,757
Avg. Annual Appreciation
4.73%
Original Mortgage
$925,000
Interest Rate
5.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 4, 2018
Sold by
Chen Shui Liang and Tan Jian Qing
Bought by
Khan Mahbubul A and Khan Silvana Z
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 7, 2004
Sold by
Sandman Irene W
Bought by
Sandman George H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
3.93%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 27, 2004
Sold by
Marooney James Tyron
Bought by
Sandman George H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
3.93%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 28, 2003
Sold by
Gomez Fanny D
Bought by
Marooney James Tyron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 30, 2002
Sold by
Jefferson James
Bought by
Citifinancial Mtg Company Inc
Purchase Details
Closed on
May 7, 1996
Sold by
Plein William J
Bought by
Jefferson James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,037
Interest Rate
7.97%
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 |
|---|---|---|---|
| Romios Dena | $1,420,000 | Fidelity National Title | |
| Khan Mahbubul A | $790,000 | Western Resources Title Comp | |
| Sandman George H | -- | Stewart | |
| Sandman George H | $485,000 | Stewart | |
| Marooney James Tyron | $330,000 | United Title | |
| Citifinancial Mtg Company Inc | $226,100 | Fidelity National Title | |
| Jefferson James | $140,500 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Romios Dena | $925,000 | |
| Previous Owner | Khan Mahbubul A | $624,500 | |
| Previous Owner | Khan Mahbubul A | $592,500 | |
| Previous Owner | Chen Shui Liang | $150,000 | |
| Previous Owner | Chen Shui Liang | $510,000 | |
| Previous Owner | Chen Leon | $70,000 | |
| Previous Owner | Chen Shui Liang | $333,700 | |
| Previous Owner | Sandman George H | $389,500 | |
| Previous Owner | Chen Leun | $130,000 | |
| Previous Owner | Chen Shui Liang | $72,000 | |
| Previous Owner | Marooney James Tyron | $296,670 | |
| Previous Owner | Chen Shui Liang | $203,000 | |
| Previous Owner | Jefferson James | $256,000 | |
| Previous Owner | Jefferson James | $50,000 | |
| Previous Owner | Jefferson James | $172,500 | |
| Previous Owner | Jefferson James | $138,037 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2022 10/25/22 | Sold | $1,420,000 | -5.0% | $494 / Sq Ft |
| 09/02/2022 09/02/22 | Pending | -- | -- | -- |
| 07/14/2022 07/14/22 | For Sale | $1,495,000 | +89.2% | $520 / Sq Ft |
| 01/03/2019 01/03/19 | Sold | $790,000 | 0.0% | $275 / Sq Ft |
| 09/30/2018 09/30/18 | Pending | -- | -- | -- |
| 09/26/2018 09/26/18 | Off Market | $790,000 | -- | -- |
| 08/08/2018 08/08/18 | For Sale | $799,000 | -- | $278 / 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 | $18,760 | $1,477,368 | $962,370 | $514,998 |
| 2024 | $18,760 | $1,448,400 | $943,500 | $504,900 |
| 2023 | $18,449 | $1,420,000 | $925,000 | $495,000 |
| 2022 | $10,636 | $830,429 | $578,147 | $252,282 |
| 2021 | $10,420 | $814,147 | $566,811 | $247,336 |
| 2019 | $6,502 | $478,484 | $259,663 | $218,821 |
| 2018 | $6,218 | $469,107 | $254,572 | $214,535 |
| 2016 | $5,715 | $450,682 | $244,688 | $205,994 |
| 2015 | $5,492 | $443,913 | $241,013 | $202,900 |
| 2014 | $5,467 | $435,218 | $236,292 | $198,926 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Jason Dufault
Keller Williams Coastal Proper
(714) 861-1233
1 in this area
17 Total Sales
-
J
Seller's Agent in 2019
Jay Bourgana
Radius Agent Realty
-
S
Buyer's Agent in 2019
Samantha Kungli
All Nation Homes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22153686
APN: 7266-012-003
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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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