Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
126 Total Sales
1 in Alamitos Beach
$225,000 Price
1260 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
6
Beds
5
Baths
14,293
Sq Ft
0.28
Acre Lot
Highlights
- 0.28 Acre Lot
- Laundry Facilities
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of April 20221260 East 2nd Street is a 20-unit fully renovated, turn-key multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Fully renovated in 2018, the property received significant capital improvements which modernized the building's exterior, common areas, and unit interiors. These improvements include brand new windows, a fresh two-tone paint scheme, wood slat security doors, upgraded lighting, as well as new cabinetry, stainless steel appliances, and quartz countertops in the interiors. This turn-key asset offers an excellent unit mix consisting of studio, one, two, and three-bedroom floor plans. Amenities include a community barbeque and picnic area, controlled access, a central courtyard, on-site laundry, garage parking, hardwood flooring, and storage lockers.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2022
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2022
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Property Details
Home Type
- Apartment
Year Built
- Built in 1954
Lot Details
- 12,197 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 9 Car Garage
- 1 Carport Space
Interior Spaces
- 14,293 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 8 / 63
- Tax Tract Number 576
- Assessor Parcel Number 7265011009
- $3,365 per year additional tax assessments
Community Details
Building Details
- 20 Leased Units
- Rent Control
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,041
- Fuel Expense $2,040
- Insurance Expense $5,811
- Maintenance Expense $12,000
- Other Expense $16,165
- Professional Management Expense $18,081
- Trash Expense $2,040
- Water Sewer Expense $2,040
- New Taxes Expense $89,332
- Operating Expense $149,550
- Gross Income $465,300
- Net Operating Income $302,472
Additional Features
- 20 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Alamitos Beach, CA
-
Lynsey Russell
-
Scott Underwood
Scott Underwood
Meadowbrook Realty
(424) 785-0908
27 Total Sales
1 in Alamitos Beach
$379,000 Price
-
L'mar Kojani
L'mar Kojani
Keller Williams Realty
(424) 345-1217
46 Total Sales
1 in Alamitos Beach
$640,000 Price
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
166 Total Sales
1 in Alamitos Beach
$1,550,000 Price
-
Dana Frank
Dana Frank
Responds QuicklyRodeo Realty
(424) 842-2137
140 Total Sales
1 in Alamitos Beach
$799,000 Price
-
Rick Olson
Rick Olson
J&R Real Estate
(657) 500-0770
87 Total Sales
1 in Alamitos Beach
$1,550,000 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 |
|---|---|---|---|
| $12,685,000 | Chicago Title | ||
| Garcia Raymond M | $11,000,000 | Chicago Title Company | |
| Prc Newport Llc | $17,800,000 | Chicago Title Company | |
| 1260 2Nd Street Waterford Llc | $4,121,000 | Fidelity National Title | |
| Brookshire Village L L C | -- | Nat | |
| Brookshire Village Llc | $2,298,000 | Fidelity National Title Co | |
| Triad Investments Lp | -- | Commonwealth Land Title Co | |
| 1260 Second Llc | $700,000 | Commonwealth Land Title Co | |
| Triad Investments Lp | -- | -- | |
| Federal National Mortgage Association | $1,023,153 | Stewart Title |
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 | $5,454,550 | ||
| Previous Owner | Garcia Raymond M | $4,235,000 | |
| Previous Owner | Prc Newport Llc | $8,000,000 | |
| Previous Owner | 1260 2Nd Street Waterford Llc | $2,425,000 | |
| Previous Owner | Brookshire Village L L C | $1,487,500 | |
| Previous Owner | Brookshire Village Llc | $1,520,000 | |
| Previous Owner | Brookshire Village Llc | $1,423,000 |
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 |
|---|---|---|---|---|
| 04/26/2022 04/26/22 | Sold | $7,500,000 | 0.0% | $525 / Sq Ft |
| 03/16/2022 03/16/22 | Pending | -- | -- | -- |
| 02/14/2022 02/14/22 | For Sale | $7,500,000 | -- | $525 / 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 | $101,539 | $7,826,469 | $4,654,457 | $3,172,012 |
| 2025 | $101,539 | $7,673,010 | $4,563,194 | $3,109,816 |
| 2024 | $97,156 | $7,522,560 | $4,473,720 | $3,048,840 |
| 2023 | $95,519 | $7,375,059 | $4,386,000 | $2,989,059 |
| 2022 | $84,875 | $6,832,659 | $4,204,713 | $2,627,946 |
| 2021 | $83,198 | $6,698,686 | $4,122,268 | $2,576,418 |
| 2019 | $82,006 | $6,502,650 | $4,000,000 | $2,502,650 |
| 2018 | $54,842 | $4,290,138 | $2,601,000 | $1,689,138 |
| 2016 | $34,707 | $2,759,999 | $1,558,954 | $1,201,045 |
| 2015 | $33,341 | $2,718,543 | $1,535,538 | $1,183,005 |
| 2014 | $33,175 | $2,665,291 | $1,505,459 | $1,159,832 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
173 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22029024
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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