Seller's Agent in 2021
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
194 Total Sales
1275 E Broadway Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,655,000 - $2,320,000
4
Beds
4
Baths
3,308
Sq Ft
$591/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 0.08 Acre Lot
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Park
- Bike Trail
About This Home
As of September 2021This stunning remodeled 4 plex is now available at 1275 Broadway. Located in the heart of Alamitos Beach. This Turnkey gem is an investor's dream with zero headaches as it's been upgraded extensively and has no deferred maintenance whatsoever. (1) Unit to be delivered tenant ready!
With an "A+" location and ideal curb appeal, this is a perfect play for an Owner/User or any buyer looking to own a cash-flowing, low-maintenance asset.
1275 E Broadway is comprised of (4) very large 1-Bd/1-Ba Units. All units feature High-End adjustments, including flooring, granite countertops, new paint, new fixtures, as well as Dishwashers, Air Conditioning, new washers, and dryers. The property also features a shared back patio, perfect for hosting friends and family! The neighborhood features ample street parking, a rare commodity for Long Beach. Beneficial to the new owner, each is separately metered for gas and
electricity.
Located in Alamitos Beach, one of Long Beach's Top Rental Markets, and a walkscore of 90; this property is a Walkers paradise. Hip restaurants, bars, parks, and shopping are just a few steps away. The upside for this market is limitless as Long Beach has had $6 billion in new capital invested in new development including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island to name a few.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 06/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,761
Year Built
- Built in 1920
Lot Details
- 3,312 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 3,308 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 44
- Tax Tract Number 2182
- Assessor Parcel Number 7275010043
Community Details
Overview
- 4 Units
- Alamitos Beach Subdivision
Recreation
- Golf Course Community
- Park
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $29,035
- Gross Income $104,520
- Net Operating Income $70,259
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2021
Closed on
Aug 19, 2021
Sold by
Lmdg Real Estate Value Fund Ii Holdings
Bought by
Birdee Gurdip S
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Scott Kato
Circle Real Estate
List Price
$1,775,000
Sold Price
$1,700,000
Premium/Discount to List
-$75,000
-4.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,455
Avg. Annual Appreciation
3.46%
Original Mortgage
$1,360,000
Outstanding Balance
$1,232,916
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$720,539
Purchase Details
Listed on
Jun 8, 2021
Closed on
Aug 10, 2021
Sold by
Lujan Aaron
Bought by
Lmdg Real Estate Value Fund Ii Holdings Llc
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Scott Kato
Circle Real Estate
List Price
$1,775,000
Sold Price
$1,700,000
Premium/Discount to List
-$75,000
-4.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Outstanding Balance
$1,232,916
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$720,539
Purchase Details
Listed on
Mar 26, 2019
Closed on
Mar 18, 2019
Sold by
Lujan Irma Vanessa
Bought by
Lujan Aaron
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$990,000
Sold Price
$1,000,000
Premium/Discount to List
$10,000
1.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.86%
Original Mortgage
$550,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Mar 26, 2019
Closed on
Jan 30, 2019
Sold by
Rysewyk Larry
Bought by
Lujan Aaron
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$990,000
Sold Price
$1,000,000
Premium/Discount to List
$10,000
1.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 28, 2011
Sold by
Foster Michael A
Bought by
Rysewyk Larry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
4.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 2003
Sold by
Foster Ann D
Bought by
Foster Michael A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 2002
Sold by
Foster Michael A and Foster Ann D
Bought by
Am & T Properties Llc
Purchase Details
Closed on
Sep 20, 2002
Sold by
Foster Ann Denise
Bought by
Foster Michael A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,600
Interest Rate
6.22%
Mortgage Type
Balloon
Purchase Details
Closed on
Aug 1, 2002
Sold by
White Darryl C
Bought by
Foster Michael A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,600
Interest Rate
6.22%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 5, 1995
Sold by
Standard Pacific Svgs Fa
Bought by
White Darryl C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.58%
Purchase Details
Closed on
May 25, 1995
Sold by
Freeman L Wayne and Freeman Dayle
Bought by
Standard Pacific Svgs Fa
Purchase Details
Closed on
Dec 20, 1993
Sold by
Dolch Alan and Dolch Jerund E
Bought by
Freeman L Wayne and Freeman Dayle
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Birdee Gurdip S | $1,700,000 | North American Title | |
| Lmdg Real Estate Value Fund Ii Holdings Llc | -- | North American Title | |
| Lujan Aaron | -- | Progressive Title Company | |
| Lujan Aaron | $1,000,000 | Progressive Title | |
| Rysewyk Larry | $599,000 | North American Title Co | |
| Foster Michael A | -- | United Title Company | |
| Foster Michael A | -- | United Title Company | |
| Am & T Properties Llc | -- | -- | |
| Foster Michael A | -- | -- | |
| Foster Michael A | -- | Provident Title | |
| Foster Michael A | $389,500 | Provident Title | |
| White Darryl C | $85,000 | Continental Lawyers Title Co | |
| Standard Pacific Svgs Fa | $237,372 | Chicago Title Company | |
| Freeman L Wayne | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Birdee Gurdip S | $1,360,000 | |
| Previous Owner | Lujan Aaron | $550,000 | |
| Previous Owner | Rysewyk Larry | $479,200 | |
| Previous Owner | Foster Michael A | $390,000 | |
| Previous Owner | Foster Michael A | $311,600 | |
| Previous Owner | White Darryl C | $68,000 | |
| Closed | Foster Michael A | $38,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2021 09/17/21 | Sold | $1,700,000 | -4.2% | $514 / Sq Ft | |
| 08/09/2021 08/09/21 | For Sale | $1,775,000 | +4.4% | $537 / Sq Ft | |
| 08/04/2021 08/04/21 | Off Market | $1,700,000 | -- | -- | |
| 06/08/2021 06/08/21 | For Sale | $1,775,000 | +77.5% | $537 / Sq Ft | |
| 03/26/2019 03/26/19 | Sold | $1,000,000 | +1.0% | $302 / Sq Ft | View Prior Sale |
| 03/26/2019 03/26/19 | Pending | -- | -- | -- | |
| 03/26/2019 03/26/19 | For Sale | $990,000 | -- | $299 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,761 | $1,804,053 | $1,061,208 | $742,845 |
| 2024 | $22,761 | $1,768,680 | $1,040,400 | $728,280 |
| 2023 | $22,380 | $1,734,000 | $1,020,000 | $714,000 |
| 2022 | $20,994 | $1,700,000 | $1,000,000 | $700,000 |
| 2021 | $13,007 | $1,030,566 | $566,811 | $463,755 |
| 2020 | $12,973 | $1,020,000 | $561,000 | $459,000 |
| 2019 | $9,045 | $687,948 | $287,123 | $400,825 |
| 2018 | $8,794 | $674,460 | $281,494 | $392,966 |
| 2016 | $8,083 | $648,271 | $270,564 | $377,707 |
| 2015 | $7,764 | $638,534 | $266,500 | $372,034 |
| 2014 | $7,722 | $626,027 | $261,280 | $364,747 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Scott Kato
Buyer's Agent in 2021
Scott Kato
Circle Real Estate
(562) 521-9022
5 in this area
68 Total Sales
-
Dennis Cid
Buyer Co-Listing Agent in 2021
Dennis Cid
Circle Real Estate
(562) 222-9315
6 in this area
54 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21123404
APN: 7275-010-043
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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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