Rocio Ortegon
Keller Williams Palos Verdes
(424) 328-6725
55 Total Sales
2 in North Alamitos Beach
$395,000 Price Range
1308 E 7th St Long Beach, CA 90813
North Alamitos Beach Neighborhood
3
Beds
2
Baths
5,920
Sq Ft
8,712
Sq Ft Lot
About This Home
As of June 2017The offering comprises a front building with eight one-bedroom/one-bath units and a rear duplex with one one-bedroom/one-bath and one two-bedroom/one-bath unit. The units have been renovated and are in great condition; recent upgrades include new kitchen cabinetry, fixtures and countertops, wall heaters, new carpet, tile, and interior and exterior paint. Additionally, the electrical has been updated and the roof was resurfaced in 2004. The property also features on-site parking with storage and income-generating on-site laundry.
As a turnkey asset with strong cash flow on current rents and additional potential upside, 1308 East 7th Street is a great investment opportunity.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 8,712 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 5 Car Garage
Home Design
- 5,920 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 002
- Tax Tract Number 12
- Assessor Parcel Number 7266012002
Community Details
Overview
- 2 Buildings
- 10 Units
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- Operating Expense $46,269
- Net Operating Income $94,401
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
Mar 29, 2017
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
$1,350,000
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 11, 2015
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
$937,500
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 10, 2008
Sold by
Bought by
Purchase Details
Closed on
Feb 10, 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
$513,750
Interest Rate
4.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 24, 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
$513,750
Interest Rate
4.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 20, 1997
Sold by
Bought by
Purchase Details
Closed on
Jun 17, 1997
Sold by
Bought by
Purchase Details
Closed on
Oct 17, 1995
Sold by
Bought by
Purchase Details
Closed on
Aug 9, 1994
Sold by
Bought by
Purchase Details
Closed on
Jan 26, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Alamitos Beach, CA
-
Rocio Ortegon
-
Guy Miracle
Guy Miracle
Sotheby's International Realty
(323) 894-9002
35 Total Sales
2 in North Alamitos Beach
$425K - $600K Price Range
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
115 Total Sales
1 in North Alamitos Beach
$355,000 Price
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
73 Total Sales
1 in North Alamitos Beach
$560,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
173 Total Sales
1 in North Alamitos Beach
$383,000 Price
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
184 Total Sales
4 in North Alamitos Beach
$281K - $805K Price Range
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 |
|---|---|---|---|
| $1,800,000 | Ticor Title | ||
| $1,250,000 | Ticor Title | ||
| $319,000 | Chicago Title Company | ||
| -- | Fatcola | ||
| $685,000 | First American Title Co Los | ||
| -- | -- | ||
| $30,000 | Southland Title Corporation | ||
| -- | Southland Title Corporation | ||
| $110,000 | North American Title Co | ||
| -- | North American Title | ||
| $224,000 | Gateway Title Company |
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 | $1,600,000 | ||
| Previous Owner | $1,350,000 | ||
| Previous Owner | $937,500 | ||
| Previous Owner | $675,000 | ||
| Previous Owner | $731,250 | ||
| Previous Owner | $513,750 |
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 |
|---|---|---|---|---|
| 06/09/2017 06/09/17 | Sold | $1,800,000 | 0.0% | $304 / Sq Ft |
| 03/26/2017 03/26/17 | Pending | -- | -- | -- |
| 12/12/2016 12/12/16 | For Sale | $1,800,000 | -- | $304 / 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 | $28,449 | $2,089,049 | $1,462,336 | $626,713 |
| 2024 | $27,239 | $2,048,088 | $1,433,663 | $614,425 |
| 2023 | $26,768 | $2,007,930 | $1,405,552 | $602,378 |
| 2022 | $25,133 | $1,968,560 | $1,377,993 | $590,567 |
| 2021 | $24,622 | $1,929,962 | $1,350,974 | $578,988 |
| 2019 | $24,270 | $1,873,720 | $1,310,904 | $562,816 |
| 2018 | $23,592 | $1,837,000 | $1,285,200 | $551,800 |
| 2016 | $11,148 | $850,000 | $485,700 | $364,300 |
| 2015 | $10,864 | $850,000 | $485,700 | $364,300 |
| 2014 | $11,023 | $850,000 | $485,700 | $364,300 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
77 Total Sales
-
Shane Young
Seller Co-Listing Agent in 2017
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
32 Total Sales
-
G
Buyer's Agent in 2017
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16761662
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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