NOT LISTED FOR SALE

Estimated Value: $1,544,000 - $1,786,000

4 Beds
4 Baths
3,948 Sq Ft
$419/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $935,000 $237 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $9,710/month

27 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Peek-A-Boo Views
  • Property is near public transit
  • Long Beach Polytechnic High School Rated A
  • 0.14 Acre Lot
  • Wood Flooring

About This Home

As of March 2015

Oversized 4-unit complex with Artist Studio in front of 2 car garage. Additional parking on side of building in front. One block to the beach! Close to transportation, shopping, the sand and the Pike.
Secure entry to all 4 front doors, plus each unit has French doors opening out to patio areas. 3 units have exposed hardwood floors, 4th has carpet. Two units have additional room off of living room that could be a small sleeping area, office or just a huge storage area. All bedrooms are light & bright, oversized. All units have inside Laundry areas! Two units are smaller (without small sleeping area).
4 Gas meters,
4 Water meters,
5 Electric meters,
Tenants pay for their own trash collection

2 car garage used by tenants
2 tandem spaces shared by tenants
Separate Artist Studio rented out.

Last Agent to Sell the Property

Richard Daskam

Circle Real Estate License #01091037 Listed on: 03/16/2015

Circle Real Estate

Last Buyer's Agent

Rebecca Sekulich

Compass License #01823516

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,922 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Irregular Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Raised Foundation
  • Stucco

Interior Spaces

  • 3,948 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Living Room
  • Home Office
  • Workshop
  • Wood Flooring
  • Peek-A-Boo Views

Kitchen

  • Free-Standing Range
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting
  • Separate Outdoor Workshop

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 8 / 54
  • Tax Tract Number 10464
  • Assessor Parcel Number 7265014029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $300
  • Gardener Expense $840
  • Insurance Expense $1,800
  • Water Sewer Expense $900
  • New Taxes Expense $13,200
  • Gross Income $5,350
  • Net Operating Income $46,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

5,922 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 5.05
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7265014029
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Formica Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 236.83
  • Room Type: Den, Entry, Formal Entry, Living Room, Office, Workshop

Exterior Features

  • Foundation: Raised
  • Other Structures: Workshop
  • View: Peek-A-Boo
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Laundry Features: Common Area, In Closet, Inside, Stackable
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Back Yard, Level, Irregular Lot, Near Public Transit
  • Lot Size Sq Ft: 5922.00
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average Studio Area: 375
  • Electric Expense: 300.00
  • Gross Income: 5350.00
  • Gross Multiplier: 14.50
  • Gross Scheduled Income: 64200.00
  • Gross Spendable Income: 46760.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5922.0000 Square Feet
  • Net Operating Income: 46760.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17440.00
  • Other Income Description: Artist Studio rents for $300/m
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Block: 54
  • Tax Lot: 8
  • Tax Tract Number: 10464
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2023
Sold by
James Carl Wald And Azadeh Farin Living
Bought by
1412 E 1St St Llc
Current Estimated Value
$1,653,292

Purchase Details

Closed on
Sep 17, 2019
Sold by
Wald James Carl and Farin Azadeh
Bought by
Wald James Carl and Farin Azadeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2015
Closed on
Feb 20, 2015
Sold by
Hlghtower Tamara
Bought by
Wald James and Farin Azadeh
Seller's Agent
Richard Daskam
Circle Real Estate
Buyer's Agent
Rebecca Sekulich
Compass
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$701,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2004
Sold by
Lenhart Daniel and Lenhart Layne
Bought by
Hightower Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2003
Sold by
Christie Diane L and The Diane L Christie Family Tr
Bought by
Lenhart Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2001
Sold by
Christie Diane L
Bought by
Christie Diane L and The Diane L Christie Family Trust

Purchase Details

Closed on
Mar 22, 2000
Sold by
Sullivan William
Bought by
Christie Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.24%

Purchase Details

Closed on
Jan 11, 2000
Sold by
Mcdaniel Herschell D
Bought by
Herschell D Mcdaniel Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
9.62%

Purchase Details

Closed on
Dec 8, 1999
Sold by
Trust Adair Jodie M Tr Herschell D Mcdan and I M Sowa Trust
Bought by
Sullivan William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
9.62%

Purchase Details

Closed on
Feb 13, 1996
Sold by
Sowa Imogene M
Bought by
Sowa Imogene M and Imogene M Sowa Trust

Purchase Details

Closed on
Nov 2, 1994
Sold by
Mcdaniel Herschell D and Mcdaniel D H
Bought by
Adair Jodie M and Herschell D Mcdaniel Trust

Purchase Details

Closed on
Apr 25, 1994
Sold by
Sowa Imogene M and Sowa Imogene A
Bought by
Sowa Imogene M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1412 E 1St St Llc -- None Listed On Document
Wald James Carl -- Ticor Title Company
Wald James $935,000 Chicago Title Company
Hightower Tamara $1,050,000 Southland Title Corporation
Lenhart Daniel $750,000 Commonwealth Land Title Co
Christie Diane L -- --
Christie Diane L $350,000 Gateway Title
Herschell D Mcdaniel Trust -- Gateway Title
Sullivan William $279,000 Gateway Title
Sullivan William -- Gateway Title
Sowa Imogene M -- --
Adair Jodie M -- --
Sowa Imogene M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wald James Carl $810,000
Previous Owner Wald James $701,250
Previous Owner Hightower Tamara $735,000
Previous Owner Lenhart Daniel $562,500
Previous Owner Christie Diane L $280,000
Previous Owner Sullivan William $223,200
Closed Sullivan William $41,850
Closed Christie Diane L $35,000
Closed Hightower Tamara $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2015 03/20/15 Sold $935,000 -1.6% $237 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $950,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,312 $1,123,719 $841,290 $282,429
2024 $14,312 $1,101,687 $824,795 $276,892
2023 $14,078 $1,080,086 $808,623 $271,463
2022 $13,215 $1,058,909 $792,768 $266,141
2021 $12,948 $1,038,147 $777,224 $260,923
2019 $12,763 $1,007,357 $754,172 $253,185
2018 $12,399 $987,606 $739,385 $248,221
2016 $11,386 $949,258 $710,675 $238,583
2015 $13,344 $1,150,000 $781,400 $368,600
2014 -- $1,150,000 $781,400 $368,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15034910

California Regional Multiple Listing Service (CRMLS)

APN: 7265-014-029

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