NOT LISTED FOR SALE

1416 E 8th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $846,000 - $1,285,000

5 Beds
5 Baths
2,072 Sq Ft
$502/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $788,000 $380 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,373/month

7 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 4-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of January 2019

Turnkey Craftsman Duplex with 2 houses on a lot in desirable area of Long Beach. The gorgeous kitchen includes new cabinets and stone countertop complemented with a stone tile mosaic backsplash. The kitchen includes a stainless steel range oven and refrigerator. Bathrooms have been updated recently with new tile and sink vanities. The front house is a 3 bed, 1 bath. The rear house sits above the detached garage and is a 2 bed, 2 bath.
One of the 2 car garages is converted as a studio that makes the 3rd unit. Along with the garages, the long concrete driveway provides plenty of parking.
The property sits on a large lot in a quiet residential area. Buy to live or to lease as this is both a Beautiful and High Income Duplex!!!

Last Agent to Sell the Property

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 09/21/2018

Last Buyer's Agent

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 09/21/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,140 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,072 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3322
  • Assessor Parcel Number 7267027004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $66,600
  • Net Operating Income $66,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7267027004
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 380.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6140.00
  • Lot Size Acres: 0.1410

Multi Family

  • Gross Income: 66600.00
  • Gross Scheduled Income: 66600.00
  • Lot Size Area: 6140.0000 Square Feet
  • Net Operating Income: 66600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5764.02
  • Tax Lot: 4
  • Tax Tract Number: 3322

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2018
Sold by
Wells Timothy J and Wells Kirsten
Bought by
Wells Timothy J and Wells Kirsten
Current Estimated Value
$1,040,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,400
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2018
Sold by
Lyman Kelly
Bought by
Wells Timothy J and Wells Kirsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,400
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2012
Sold by
Richards Matthew L
Bought by
Lyman Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2010
Sold by
Elmore Ryan
Bought by
Richards Matthew L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 19, 2003
Sold by
Johns Peter D and Johns Peter Daniel
Bought by
Elmore Ryan

Purchase Details

Closed on
Nov 18, 2003
Sold by
Johns Hillary Anne and Johns Hillary A
Bought by
Johns Peter Daniel

Purchase Details

Closed on
Jan 22, 2003
Sold by
Johns Peter D and Johns Hillary A
Bought by
Johns Peter D and Johns Hillary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
5.12%

Purchase Details

Closed on
Apr 12, 2002
Sold by
Matteson Keith G
Bought by
Johns Peter D and Burton Hillary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
6.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wells Timothy J -- Ticor Title Company Of Cahfo
Wells Timothy J $788,000 Ticor Title Company
Lyman Kelly $365,000 Ticor Title Company
Richards Matthew L $287,000 Ticor Title Co
Elmore Ryan $370,000 --
Johns Peter Daniel -- --
Johns Peter D -- Lawyers Title Company
Johns Peter D $269,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Timothy J $501,400
Previous Owner Lyman Kelly $255,500
Previous Owner Richards Matthew L $189,000
Previous Owner Johns Peter D $261,000
Previous Owner Johns Peter D $215,200
Closed Johns Peter D $40,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2019 01/04/19 Sold $788,000 +1.7% $380 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $775,000 -- $374 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,223 $879,023 $557,756 $321,267
2024 $11,223 $861,788 $546,820 $314,968
2023 $11,037 $844,892 $536,099 $308,793
2022 $10,361 $828,327 $525,588 $302,739
2021 $10,157 $812,086 $515,283 $296,803
2020 $10,131 $803,760 $510,000 $293,760
2019 $6,890 $529,869 $375,326 $154,543
2018 $6,641 $519,480 $367,967 $151,513
2016 $6,105 $499,310 $353,679 $145,631
2015 $5,861 $491,811 $348,367 $143,444
2014 $5,824 $482,178 $341,543 $140,635
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bret Lewis

    Bret Lewis, Broker

    (480) 225-6616

    61 Total Sales

    Bret Lewis
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18227507

California Regional Multiple Listing Service (CRMLS)

APN: 7267-027-004

California Los Angeles County Long Beach 90813 Hellman

1416 E 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes