Seller's Agent in 2016
Mark Kachigan
Pabst, Kinney & Associates
(562) 225-4848
1 in this area
35 Total Sales
1400 E Appleton St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,203,339 - $1,479,000
4
Beds
4
Baths
2,788
Sq Ft
$493/Sq Ft
Est. Value
Highlights
- 2,992 Sq Ft lot
- Traditional Architecture
- Masonry wall
- Long Beach Polytechnic High School Rated A
- No HOA
- Carpet
About This Home
As of August 2016Alamitos Beach Triplex. Value-Add opportunity! Consisting of 2-(1 Br), 1-(2 Br 2 Ba), 3-(Garages). First time for sale in many, many years. The units are in fair condition, however the tenants are very long term and therefore, well below market rents. There is some deferred maintenance but believe it is primarily "cosmetic" repairs. This is an excellent opportunity to acquire a prime building in an excellent low vacancy rental area with an excellent opportunity to upgrade/rehab and add value to this desirable property. Building has a lot of square footage for only 3 units! One of the 1 Br's (#1402/upper front) is smaller than the other 1 Br (#1404/upper back). The 2 Br 2 Ba is the downstairs unit with a large patio area in back of the building, see pictures. There is a new main disconnect, new sub panels and breakers.
Last Agent to Sell the Property
Pabst, Kinney & Associates License #00644779 Listed on: 07/21/2016
Last Buyer's Agent
Christine Frumen
Keller Williams Realty License #01364628
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,626
Year Built
- Built in 1960
Lot Details
- 2,992 Sq Ft Lot
- Lot Dimensions are 40 x 75
- 1 Common Wall
- Masonry wall
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Traditional Architecture
- Property Attached
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,788 Sq Ft Home
- 2-Story Property
- Casement Windows
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 7
- Assessor Parcel Number 7275011030
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,641
- Maintenance Expense $2,237
- Supplies Expense $500
- Water Sewer Expense $1,400
- New Taxes Expense $8,000
- Gross Income $3,170
- Net Operating Income $23,502
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 13, 2023
Sold by
Ives Family Trust
Bought by
Akyla Business Services Llc
Current Estimated Value
Purchase Details
Listed on
Jul 21, 2016
Closed on
Aug 19, 2016
Sold by
Meda Enterprise Llc
Bought by
Lund Matthew Tagg and Wylie Douglas Jonathan
Seller's Agent
Mark Kachigan
Pabst, Kinney & Associates
Buyer's Agent
Christine Frumen
Keller Williams Realty
List Price
$859,000
Sold Price
$777,000
Premium/Discount to List
-$82,000
-9.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Purchase Details
Closed on
Jan 24, 2005
Sold by
Wong George
Bought by
Meda Enterprise Llc
Purchase Details
Closed on
Dec 18, 1995
Sold by
Wong George
Bought by
Wong George and George Wong Jr Trust
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 |
|---|---|---|---|
| Akyla Business Services Llc | $1,000 | None Listed On Document | |
| Lund Matthew Tagg | $777,000 | Western Resources Title Co | |
| Meda Enterprise Llc | -- | -- | |
| Wong George | -- | -- | |
| Wong George | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2016 08/30/16 | Sold | $777,000 | -0.3% | $279 / Sq Ft |
| 08/10/2016 08/10/16 | Pending | -- | -- | -- |
| 08/05/2016 08/05/16 | Price Changed | $779,000 | -9.3% | $279 / Sq Ft |
| 07/21/2016 07/21/16 | For Sale | $859,000 | -- | $308 / 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 | $11,626 | $901,769 | $348,173 | $553,596 |
| 2024 | $11,626 | $884,089 | $341,347 | $542,742 |
| 2023 | $11,430 | $866,754 | $334,654 | $532,100 |
| 2022 | $10,730 | $849,760 | $328,093 | $521,667 |
| 2021 | $10,511 | $833,099 | $321,660 | $511,439 |
| 2019 | $10,361 | $808,390 | $312,120 | $496,270 |
| 2018 | $10,078 | $792,540 | $306,000 | $486,540 |
| 2016 | $3,694 | $279,961 | $78,955 | $201,006 |
| 2015 | $3,554 | $275,757 | $77,770 | $197,987 |
| 2014 | $3,543 | $270,356 | $76,247 | $194,109 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Kachigan
-
C
Buyer's Agent in 2016
Christine Frumen
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16159673
APN: 7275-011-030
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