Tracy Winkelman
Lora Vance, Realtor
(831) 480-7033
151 Total Sales
1 in Alamitos Beach
$569,900 Price
1246 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
6
Beds
4
Baths
14,293
Sq Ft
0.29
Acre Lot
Highlights
- 0.29 Acre Lot
- No HOA
- Laundry Facilities
- Long Beach Polytechnic High School Rated A
- Landscaped
About This Home
As of August 20191246 East 2nd Street is a 20-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California.
Specifically, the property is located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. 1246 East 2nd Street was fully renovated in 2017 with upgrades including new paint, windows, entry gates, courtyard, countertops, appliances, and more. Given the demand for modern and unique housing options, 1246 East 2nd Street provides a distinct competitive advantage over other units in the area with higher asking rents. The 14,293 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954, 1246 East 2nd Street offers amenities including communal courtyard, custom barbecue, individual garage parking, an on-site laundry facility, controlled access, storage lockers, and more.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 04/25/2019
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Property Details
Home Type
- Apartment
Year Built
- Built in 1954
Lot Details
- 12,632 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 9 Car Garage
Interior Spaces
- 14,293 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 6 / 63
- Tax Tract Number 576601
- Assessor Parcel Number 7265011008
Community Details
Overview
- No Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 1 Separate Water Meter
- Electric Expense $1,907
- Fuel Expense $1,907
- Insurance Expense $5,000
- Maintenance Expense $10,000
- Other Expense $20,780
- Professional Management Expense $12,942
- Trash Expense $1,907
- Water Sewer Expense $1,907
- New Taxes Expense $82,786
- Operating Expense $139,138
- Gross Income $444,020
- Net Operating Income $292,270
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Alamitos Beach, CA
-
Tracy Winkelman
-
Andrew Belcher
Andrew Belcher
RIGHT HERE REALTY
(310) 270-2477
38 Total Sales
1 in Alamitos Beach
$930,000 Price
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
2 in Alamitos Beach
$360K - $600K Price Range
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in Alamitos Beach
$730,000 Price
-
Francisco Montes
Francisco Montes
Compass
(424) 414-7369
29 Total Sales
1 in Alamitos Beach
$585,000 Price
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in Alamitos Beach
$511,300 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $6,250,000 | Chicago Title Company | ||
| Prc Newport Llc | $17,800,000 | Chicago Title Company | |
| 1246 2Nd Street Waterford Llc | $4,120,000 | Fidelity National Title Co | |
| Rodgers Rae | -- | Fidelity National Title Co | |
| Rae Rodgers Revocable Trust | -- | None Available | |
| Rodgers Rae F | $1,107,000 | -- | |
| Ouchida Satoru | -- | -- | |
| Jtcb Properties Lp | -- | -- | |
| Ouchida Satoru | -- | First American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $4,550,000 | ||
| Previous Owner | 1246 E 2Nd St Llc | $4,225,000 | |
| Previous Owner | Prc Newport Llc | $8,000,000 | |
| Previous Owner | 1246 2Nd Street Waterford Llc | $2,690,000 | |
| Previous Owner | Rodgers Rae | $1,800,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2019 08/14/19 | Sold | $6,250,000 | -5.4% | $437 / Sq Ft |
| 06/17/2019 06/17/19 | Pending | -- | -- | -- |
| 05/29/2019 05/29/19 | Price Changed | $6,605,000 | -0.8% | $462 / Sq Ft |
| 04/25/2019 04/25/19 | For Sale | $6,655,000 | -- | $466 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $90,901 | $6,971,991 | $4,462,074 | $2,509,917 |
| 2025 | $90,901 | $6,835,286 | $4,374,583 | $2,460,703 |
| 2024 | $86,943 | $6,701,261 | $4,288,807 | $2,412,454 |
| 2023 | $85,473 | $6,569,864 | $4,204,713 | $2,365,151 |
| 2022 | $80,192 | $6,441,044 | $4,122,268 | $2,318,776 |
| 2021 | $78,598 | $6,314,750 | $4,041,440 | $2,273,310 |
| 2019 | $81,979 | $6,502,300 | $4,000,000 | $2,502,300 |
| 2018 | $54,825 | $4,288,748 | $3,121,200 | $1,167,548 |
| 2016 | $50,428 | $4,120,000 | $3,000,000 | $1,120,000 |
| 2015 | $35,941 | $2,950,000 | $1,770,000 | $1,180,000 |
| 2014 | $34,703 | $2,800,000 | $1,680,000 | $1,120,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
173 Total Sales
-
Jon Swire
Buyer's Agent in 2019
Jon Swire
The Agency
(310) 948-2631
1 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19094422
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.
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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