NOT LISTED FOR SALE

1243 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,227,881 - $1,555,000

4 Beds
4 Baths
3,308 Sq Ft
$423/Sq Ft Est. Value

Last Sold March 15, 2013

Last sale price $527,500 $159 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $8,141/month

16 Days on Market

Highlights

  • 0.07 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of March 2013

4 - 1 bedroom units. Lots of character. Hardwood floors. All with laundry area. Great rental area. 2 garages in the back. Needs some TLC.

Last Agent to Sell the Property

Mohsen Shahbani

Coldwell Banker Realty License #01068932 Listed on: 02/01/2013

Coldwell Banker Realty

Last Buyer's Agent

Loree Scarborough

Compass License #01257913

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,723

Year Built

  • Built in 1920

Lot Details

  • 3,223 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 3,308 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7275010035

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $5,906
  • Gross Income $4,000
  • Net Operating Income $34,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,723

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 7.31
  • Price Per Unit: 118125
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: 1
  • Property Type: Residential Income
  • Parcel Number: 7275010035
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 159.46

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 3223.00
  • Lot Size Acres: 0.0740

Multi Family

  • Average1 Bed Area: 806
  • Gross Income: 4000.00
  • Gross Multiplier: 9.84
  • Gross Scheduled Income: 48000.00
  • Lot Size Area: 3223.0000 Square Feet
  • Net Operating Income: 34560.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12000.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Vacancy Allowance: 1440
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5906.00
  • Tax Block: 1
  • Tax Lot: 1
  • Tax Rate: 1.25
  • Tax Tract Number: 1
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Love Lesley M and Love Barry J
Bought by
Love Family Trust
Current Estimated Value
$1,398,470

Purchase Details

Listed on
Feb 1, 2013
Closed on
Mar 12, 2013
Sold by
Wilmington Trust National Association
Bought by
Love Lesley M and Love Barry J
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Loree Scarborough
Compass
List Price
$472,500
Sold Price
$527,500
Premium/Discount to List
$55,000
11.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$369,250
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Kahale Taysir
Bought by
Citibank Na

Purchase Details

Closed on
Jun 18, 2007
Sold by
Delong Coleen M and Shasha Coleen M
Bought by
Shasha Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 25, 2007
Sold by
Shasha Joseph A and Shasha Marilyn
Bought by
Kahale Taysir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Love Family Trust -- None Listed On Document
Love Lesley M $527,500 Accommodation
Citibank Na $721,477 Servicelink
Shasha Joseph A -- Commonwealth Land Title Co
Kahale Taysir $780,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Love Lesley M $369,250
Previous Owner Shasha Joseph A $117,000
Previous Owner Kahale Taysir $624,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2013 03/15/13 Sold $527,500 +11.6% $159 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $472,500 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,723 $649,567 $492,568 $156,999
2024 $8,723 $636,831 $482,910 $153,921
2023 $8,572 $624,345 $473,442 $150,903
2022 $8,056 $612,104 $464,159 $147,945
2021 $7,879 $600,103 $455,058 $145,045
2019 $7,766 $582,305 $441,561 $140,744
2018 $7,543 $570,888 $432,903 $137,985
2016 $6,932 $548,722 $416,094 $132,628
2015 $6,660 $540,480 $409,844 $130,636
2014 $6,628 $529,894 $401,816 $128,078
Source: Public Records

Agents Affiliated with this Home

  • Mohsen Shahbani

    Seller's Agent in 2013

    Mohsen Shahbani

    Coldwell Banker Realty

    (562) 547-3324

    1 in this area

    43 Total Sales

    Mohsen Shahbani
    Section Image
  • Loree Scarborough

    Buyer's Agent in 2013

    Loree Scarborough

    Compass

    (562) 225-0511

    4 in this area

    78 Total Sales

    Loree Scarborough
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13005728

California Regional Multiple Listing Service (CRMLS)

APN: 7275-010-035

California Los Angeles County Long Beach 90802 Alamitos Beach

1243 E Broadway, Long Beach, CA

This home is located at 1243 E Broadway, Long Beach, CA 90802 since 01 February 2013 and is currently estimated at $1,398,470, approximately $422 per square foot. This property was built in 1920. 1243 E Broadway is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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