Seller's Agent in 2019
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
32 Total Sales
1413 Obispo Ave Long Beach, CA 90804
Zaferia Neighborhood
4
Beds
3
Baths
5,056
Sq Ft
7,426
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- No HOA
- Woodrow Wilson High School Rated A
- Spanish Architecture
- Double Pane Windows
About This Home
As of October 2019Check out this excellent investment opportunity. The property has two buildings- one in front with four units, and a rear building with two units and 4 garages. The front building has two 2 bedroom units and two 1 bedroom units. The rear building has two one bedroom units. Four of the 6 units were completely rehabilitated, including updated electric, flooring, doors, kitchens and baths (see pictures). All rehab was done over the past 5 years, including a new concrete driveway. Some of the windows have been replaced and rear stairs were completely redone. Two 1 bedroom units in front are approximately 800 sq ft and are still mostly original. The front building units have separate laundry facilities. The expenses are very reasonable. All six units have their own gas meters. The front four units have their own electrical meters. The rear two units share one electric meter (owner pays). The lot has enough parking for 6 outside spaces.
Last Agent to Sell the Property
Coldwell Banker-Campbell Rltrs License #00672921 Listed on: 11/14/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,947
Year Built
- Built in 1929 | Remodeled
Lot Details
- 7,426 Sq Ft Lot
- Lot Dimensions are 55 x 135
- Two or More Common Walls
- East Facing Home
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Single Garage Door
- Shared Driveway
- Uncovered Parking
- Parking Lot
- Assigned Parking
Home Design
- Spanish Architecture
- Property Attached
- Raised Foundation
- Spanish Tile Roof
- Stucco
Interior Spaces
- 5,056 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Wood Flooring
- Fire and Smoke Detector
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
Utilities
- Central Heating
- Floor Furnace
- Overhead Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 55
- Tax Tract Number 11933
- Assessor Parcel Number 7259023010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 5 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $1,953
- Gardener Expense $200
- Insurance Expense $2,920
- Professional Management Expense $4,345
- Trash Expense $188
- Water Sewer Expense $1,330
- New Taxes Expense $11,000
- Gross Income $6,250
- Net Operating Income $53,064
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 16, 2019
Sold by
Hajian Morteza and Kazemi Sonia
Bought by
Hair Bender Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 14, 2015
Closed on
Jan 27, 2016
Sold by
Hajian Morteza and Kazemi Sonia
Bought by
The Morteza The Morteza Hajian & Sonia K
Seller's Agent
Charles Finn
Coldwell Banker-Campbell Rltrs
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,049,000
Sold Price
$995,000
Premium/Discount to List
-$54,000
-5.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$600,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 14, 2015
Closed on
Jan 7, 2016
Sold by
Dillinger Properties Llc
Bought by
The Morteza Hajian & Sonia Kazemi Living
Seller's Agent
Charles Finn
Coldwell Banker-Campbell Rltrs
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,049,000
Sold Price
$995,000
Premium/Discount to List
-$54,000
-5.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 30, 2009
Sold by
Riach Granger and Riach Sherry
Bought by
Dillinger Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.31%
Mortgage Type
Unknown
Purchase Details
Closed on
May 11, 2007
Sold by
Riach Camille Faye and The Riach Family Trust
Bought by
Riach Granger and Riach Sherry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.12%
Mortgage Type
Negative Amortization
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,475,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $995,000 | Wfg National Title | |
| Warranty Deed | $635,500 | Lawyers Title | |
| Grant Deed | $700,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $975,000 | Commercial | |
| Previous Owner | $600,000 | Commercial | |
| Previous Owner | $600,000 | Commercial | |
| Previous Owner | $440,000 | Unknown | |
| Previous Owner | $310,000 | Negative Amortization |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2019 10/25/19 | Sold | $1,475,000 | -1.3% | $292 / Sq Ft |
| 08/05/2019 08/05/19 | Pending | -- | -- | -- |
| 05/13/2019 05/13/19 | For Sale | $1,495,000 | +50.3% | $296 / Sq Ft |
| 01/29/2016 01/29/16 | Sold | $995,000 | -5.1% | $197 / Sq Ft |
| 11/23/2015 11/23/15 | Pending | -- | -- | -- |
| 11/14/2015 11/14/15 | For Sale | $1,049,000 | -- | $207 / 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 | $20,947 | $1,613,123 | $874,915 | $738,208 |
| 2024 | $20,947 | $1,581,494 | $857,760 | $723,734 |
| 2023 | $20,594 | $1,550,486 | $840,942 | $709,544 |
| 2022 | $19,339 | $1,520,085 | $824,453 | $695,632 |
| 2021 | $18,943 | $1,490,281 | $808,288 | $681,993 |
| 2019 | $13,952 | $1,056,121 | $583,664 | $472,457 |
| 2018 | $13,501 | $1,035,418 | $572,220 | $463,198 |
| 2017 | $13,359 | $1,014,900 | $561,000 | $453,900 |
| 2016 | $8,919 | $692,951 | $218,079 | $474,872 |
| 2015 | $8,574 | $682,543 | $214,804 | $467,739 |
| 2014 | $8,540 | $669,174 | $210,597 | $458,577 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
Anthony Walker
Buyer's Agent in 2019
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
1 in this area
80 Total Sales
-
Charles Finn
Seller's Agent in 2016
Charles Finn
Coldwell Banker-Campbell Rltrs
(714) 402-9132
26 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2016
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,874 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC15247579
APN: 7259-023-010
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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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