Seller's Agent in 2016
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
42 Total Sales
1323 E Florida St Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated Value: $1,142,689 - $1,536,000
3
Beds
3
Baths
3,480
Sq Ft
$397/Sq Ft
Est. Value
Highlights
- 4,950 Sq Ft lot
- Wood Flooring
- Private Yard
- Long Beach Polytechnic High School Rated A
- Spanish Architecture
- 2-minute walk to Miracle On Fourth Street Park
About This Home
As of December 2016The Casa Del Mar Apartments is a 4 unit apartment building in the burgeoning Retro Row neighborhood of Long Beach. This property offers investors the rare opportunity to acquire a property in a strong, non-rent controlled market. The Property was originally constructed in 1922 and is comprised of 4 large one bedroom one bathroom units, that could be perfectly suited for an owner/user. The building has been well maintained and features 4 covered garage parking spaces, and laundry hookups in every unit, new updated electrical panel. The units have been recently upgraded and all the units have hardwood floors. All units are separately metered for electricity and gas. The property is located less than a mile away from the beach, Downtown Long Beach, Alamitos Beach, and enjoys easy access to local freeways and public transportation. The property is also within walking distance of the shops and restaurants along the 4th Street Corridor, which is home to over 40 Independent merchants such as cafes, coffee shops, retail stores, bakeries, and much more.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 09/16/2016
Last Buyer's Agent
Dave Sterud
David Curtis Sterud, Broker License #01745962
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,393
Year Built
- Built in 1922
Lot Details
- 4,950 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Chain Link Fence
- Private Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Garage Door Opener
- Assigned Parking
Home Design
- Spanish Architecture
- Quadruplex
- Flat Roof Shape
- Asphalt Roof
- Stucco
Interior Spaces
- 3,480 Sq Ft Home
- 2-Story Property
- Built-In Features
- Wood Frame Window
- Gas Oven
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Balcony
- Exterior Lighting
- Rain Gutters
Utilities
- Floor Furnace
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 016
- Tax Tract Number 7275
- Assessor Parcel Number 7275006016
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $75,984
- Net Operating Income $48,545
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2016
Closed on
Oct 28, 2016
Sold by
Florida 1323 Llc
Bought by
Kuczek Roxanne
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Dave Sterud
David Curtis Sterud, Broker
List Price
$1,125,000
Sold Price
$1,100,000
Premium/Discount to List
-$25,000
-2.22%
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
$281,922
Avg. Annual Appreciation
3.07%
Original Mortgage
$550,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 2, 2015
Sold by
Hadfield Scott D
Bought by
Florida 1323 Llc
Purchase Details
Closed on
Sep 15, 2000
Sold by
Mcmillin Donald R and Langhans John S
Bought by
Hadfield Scott D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,200
Interest Rate
7.96%
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 |
|---|---|---|---|
| Kuczek Roxanne | -- | Ticor Title Company | |
| Florida 1323 Llc | $650,000 | Ticor Title Company | |
| Hadfield Scott D | $242,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kuczek Roxanne | $550,000 | |
| Previous Owner | Hadfield Scott D | $200,000 | |
| Previous Owner | Hadfield Scott D | $265,000 | |
| Previous Owner | Hadfield Scott D | $198,200 | |
| Previous Owner | Hadfield Scott D | $195,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2016 12/23/16 | Sold | $1,100,000 | -2.0% | $316 / Sq Ft |
| 10/28/2016 10/28/16 | Pending | -- | -- | -- |
| 10/24/2016 10/24/16 | Price Changed | $1,123,000 | -0.2% | $323 / Sq Ft |
| 09/16/2016 09/16/16 | For Sale | $1,125,000 | -- | $323 / 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 | $16,393 | $1,276,639 | $464,232 | $812,407 |
| 2024 | $16,393 | $1,251,608 | $455,130 | $796,478 |
| 2023 | $16,117 | $1,227,067 | $446,206 | $780,861 |
| 2022 | $15,128 | $1,203,007 | $437,457 | $765,550 |
| 2021 | $14,823 | $1,179,420 | $428,880 | $750,540 |
| 2019 | $14,611 | $1,144,440 | $416,160 | $728,280 |
| 2018 | $14,221 | $1,122,000 | $408,000 | $714,000 |
| 2016 | $8,125 | $650,000 | $500,000 | $150,000 |
| 2015 | $4,016 | $303,402 | $125,372 | $178,030 |
| 2014 | $4,008 | $297,460 | $122,917 | $174,543 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
Cameron Jacques
Seller Co-Listing Agent in 2016
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
2 in this area
55 Total Sales
-
D
Buyer's Agent in 2016
Dave Sterud
David Curtis Sterud, Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16703554
APN: 7275-006-016
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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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