Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
168 Total Sales
1381 Temple Ave Long Beach, CA 90804
Zaferia Neighborhood
3
Beds
2
Baths
6,300
Sq Ft
6,534
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 3-minute walk to Orizaba Park
- Woodrow Wilson High School Rated A
About This Home
As of December 20241381 Temple Avenue is a 5-unit multifamily investment property located in Long Beach, CA. 1381 Temple Avenue features exclusively spacious three-bedroom units averaging approximately 1,260 square feet. The property offers attractive amenities including a shared courtyard and back patio, gated pedestrian access, and 4 single-car garages. Situated in the Zaferia neighborhood of Long Beach, 1381 Temple Avenue’s central Long Beach location provides residents convenient access throughout the city. Residents enjoy walkable access to Orizaba Park, a 3.72-acre public park offering a soccer field, a skate park, a basketball court, and a spacious community center. Additionally, the property is located less than half-a-mile from the Food4Less and Rite Aid anchored Belmont Center, providing residents with easy access to daily necessities. The property’s ideal Long Beach location surrounded by an abundance of recreational and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1381 Temple Avenue.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 07/23/2024
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 07/23/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 6,534 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,300 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 575102
- Assessor Parcel Number 7260026014
- $1,243 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $2,125
- Fuel Expense $2,124
- Insurance Expense $7,500
- Maintenance Expense $5,000
- Other Expense $6,393
- Professional Management Expense $9,318
- Trash Expense $2,124
- Water Sewer Expense $2,124
- New Taxes Expense $22,634
- Operating Expense $59,342
- Gross Income $192,048
- Net Operating Income $127,013
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
Listed on
Jul 23, 2024
Closed on
Dec 4, 2024
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$2,000,000
Sold Price
$1,800,000
Premium/Discount to List
-$200,000
-10%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,285,000
Interest Rate
0.0672%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2023
Sold by
Bought by
Purchase Details
Closed on
Jul 28, 2006
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Chicago Title Company | ||
| -- | None Listed On Document | ||
| -- | None Available |
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 |
|---|---|---|---|
| Closed | $1,285,000 | ||
| Closed | $60,000 | ||
| Closed | $725,000 |
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 |
|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $1,800,000 | -1.4% | $286 / Sq Ft |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 10/23/2024 10/23/24 | Price Changed | $1,825,000 | -8.8% | $290 / Sq Ft |
| 07/23/2024 07/23/24 | For Sale | $2,000,000 | -- | $317 / 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 | $24,214 | $1,800,000 | $800,000 | $1,000,000 |
| 2024 | $25,793 | $1,978,800 | $1,020,000 | $958,800 |
| 2023 | $5,965 | $380,957 | $60,805 | $320,152 |
| 2022 | $5,632 | $373,488 | $59,613 | $313,875 |
| 2021 | $5,477 | $366,166 | $58,445 | $307,721 |
| 2019 | $5,400 | $356,007 | $56,712 | $299,295 |
| 2018 | $5,173 | $349,041 | $55,600 | $293,441 |
| 2016 | $4,726 | $334,816 | $53,442 | $281,374 |
| 2015 | $4,556 | $329,788 | $52,640 | $277,148 |
| 2014 | $4,552 | $323,329 | $51,609 | $271,720 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24151050
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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