NOT LISTED FOR SALE

1251 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,237,000 - $1,486,000

4 Beds
4 Baths
3,308 Sq Ft
$419/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2014

Last sale price $705,000 $213 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $8,494 / mo

81 Days on Market

Highlights

  • 0.07 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace

About This Home

As of July 2014

Excellent 4 unit income property with covered carport for two cars. All units with own washer dryer hook up's. Low cost, low maintenance building, close to beach. conforming one bedroom one bath units in good condition, upgrades include tankless hot water heater, 4 remodeled bathrooms, 3 remodeled kitchens, 2 units with newer laminate flooring and one unit with refinished hardwood floors.

Last Agent to Sell the Property

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 03/23/2014

First Team Real Estate

Last Buyer's Agent

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 03/23/2014

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,231 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 3,308 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 2182
  • Assessor Parcel Number 7275010037

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,227
  • Other Expense $238
  • Water Sewer Expense $469
  • New Taxes Expense $700
  • Gross Income $3,925
  • Net Operating Income $43,919

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

3,231 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 469.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7275010037
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 213.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 3231.00
  • Lot Size Acres: 0.0740

Multi Family

  • Gross Income: 3925.00
  • Gross Scheduled Income: 47100.00
  • Insurance Expense: 1227.00
  • Lot Size Area: 3231.0000 Square Feet
  • Net Operating Income: 43919.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 3181.00
  • Other Expense: 238.00
  • Other Expense Description: Health
  • Rent Control: No

Tax Info

  • New Taxes Expense: 700.00
  • Tax Lot: 38
  • Tax Tract Number: 2182
  • Tax Year: 2013

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

Closed on
Feb 29, 2020
Sold by
Bought by
Current Estimated Value
$1,384,723

Purchase Details

Closed on
Apr 25, 2014
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
$528,750
Interest Rate
0.0413%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2003
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
$400,000
Interest Rate
0.065%

Purchase Details

Closed on
Feb 8, 2001
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
$310,441
Interest Rate
0.0711%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 7, 2001
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
$310,441
Interest Rate
0.0711%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- None Available
-- None Available
$705,000 Lawyers Title
-- American Title Co
$510,000 American Title Co
$313,000 Lawyers Title Company
-- Lawyers Title Company
$205,500 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 $313,000
Previous Owner $528,750
Previous Owner $100,000
Previous Owner $490,750
Previous Owner $100,000
Previous Owner $400,000
Previous Owner $50,000
Previous Owner $310,441
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
07/31/2014 07/31/14 Sold $705,000 +0.9% $213 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
03/23/2014 03/23/14 For Sale $699,000 -- $211 / 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
2025 $11,648 $847,298 $606,931 $240,367
2024 $11,125 $830,685 $595,031 $235,654
2023 $10,934 $814,398 $583,364 $231,034
2022 $10,270 $798,430 $571,926 $226,504
2021 $10,052 $782,775 $560,712 $222,063
2019 $9,909 $759,820 $544,082 $215,738
2018 $9,644 $744,927 $533,414 $211,513
2016 $8,866 $715,751 $512,701 $203,050
2015 $8,514 $705,000 $505,000 $200,000
2014 $7,377 $602,548 $366,256 $236,292
Source: Public Records

Agents Affiliated with this Home

  • Philip DeMatteo

    Seller's Agent in 2014

    Philip DeMatteo

    First Team Real Estate

    (562) 254-6883

    4 in this area

    248 Total Sales

    Philip DeMatteo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14059278

California Regional Multiple Listing Service (CRMLS)

APN: 7275-010-037

California Los Angeles County Long Beach 90802 Alamitos Beach

1251 E Broadway, Long Beach, CA

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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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