NOT LISTED FOR SALE
7 Beds
7 Baths
6,162 Sq Ft
8,251 Sq Ft Lot

Sale Details

Date Sold: June 1, 2018

Last sale price $2,675,000 $434 Per Sq Ft

102 Days on Market

Highlights

  • 8,251 Sq Ft lot
  • Built-In Features
  • 6 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan

About This Home

As of June 2018

The East First Street Apartments is a 7-unit garden style building comprised of studio, one bedroom and two bedroom units. The Property offers new ownership an opportunity to acquire a beautifully renovated, turn-key asset with all new tenants, in prime Alamitos Beach, adjacent to the fast developing East Village Arts District and Bluff Park neighborhoods. Also in close proximity to this area is a multitude of amenities along East Broadway and Long Beach Boulevard, two of Long Beach's busiest main streets. Windows have been replaced throughout the property, which also features upgraded plumbing and electrical systems, in-unit washer/dryers, hardwood/ceramic floors, granite counter tops, recessed lighting, and other high-end finishes.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 12/11/2017

KW Advisors

Last Buyer's Agent

Jim Chhun

License #01359353

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 8,251

Parking

  • 6 Car Garage

Interior Spaces

  • 6,162 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 8,251 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 7265-011-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

8,251 Sq Ft Lot

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6162
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: In Unit
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 434.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 6
  • Parking Garage: Private Garage
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 1050000
  • Assessed Land Value: 500000
  • Assessor Parcel Number: 7265-011-040
  • Geocode Override: No
  • Lot Size Area: 8251

Rental Info

  • Owner Pays: Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: Apartments

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2017
Closed on
May 24, 2018
Sold by
Bought by
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Jim Chhun
List Price
$2,675,000
Sold Price
$2,675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,499,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 31, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,675,000 Old Republic Title Company
$1,550,000 --
$1,050,000 North 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 $1,490,800
Closed $1,499,000
Previous Owner $755,000
Previous Owner $648,000
Previous Owner $520,000
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
06/01/2018 06/01/18 Sold $2,675,000 0.0% $434 / Sq Ft
02/05/2018 02/05/18 For Sale $2,675,000 0.0% $434 / Sq Ft
02/05/2018 02/05/18 Price Changed $2,675,000 0.0% $434 / Sq Ft
01/30/2018 01/30/18 Off Market $2,675,000 -- --
12/11/2017 12/11/17 For Sale $2,950,000 -- $479 / Sq Ft
Source: The MLS

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
2025 $40,433 $3,043,689 $2,275,657 $768,032
2024 $38,682 $2,984,010 $2,231,037 $752,973
2023 $38,032 $2,925,501 $2,187,292 $738,209
2022 $35,686 $2,868,139 $2,144,404 $723,735
2021 $34,983 $2,811,902 $2,102,357 $709,545
2019 $34,483 $2,728,500 $2,040,000 $688,500
2018 $20,365 $1,581,000 $510,000 $1,071,000
2016 $15,453 $1,236,361 $440,378 $795,983
2015 $14,844 $1,217,791 $433,764 $784,027
2014 $14,759 $1,193,937 $425,268 $768,669
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-295956

The MLS
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