NOT LISTED FOR SALE

Estimated Value: $1,562,387 - $2,628,000

1 Bed
1 Bath
3,714 Sq Ft
$532/Sq Ft Est. Value

Sale Details

Date Sold: July 4, 2017

Last sale price $1,750,000 $471 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,234 / mo

61 Days on Market

Highlights

  • Golf Course Community
  • 2,508 Sq Ft lot
  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • Dual Staircase
  • Neighborhood Views

About This Home

As of July 2017

142 Bonito is located in Alamitos Beach, a highly sought after neighborhood in the continuing revitalizing City of Long Beach. Steps from the Ocean, restaurants, parks and coffee shops. A short walk to Downtown and a five minute drive to Belmont Shore.
Throughout the extensive remodeling process the interior designer did an outstanding job of blending all new modern amenities and fixtures with classic architecture, keeping the integrity and beauty of this turnkey investment intact. All four units are in "like new" condition.
The subject property is comprised of four large (928Sf) 1 bedroom x 1 bathroom units, with large walk in closets and laundry rooms.
This non rent controlled city currently reflects 98% occupancy and large one bedroom units in this location are in highest of demand.
Listing price includes all furnishings. Washer and Dryer are excluded from the listing price, however are negotiable.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 03/24/2017

Co-Listed By

George Bustamante

Coldwell Banker Commercial License #01484265

Coldwell Banker Commercial

Last Buyer's Agent

George Bustamante

Coldwell Banker Commercial License #01484265

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,508 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Density is 11-15 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,714 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Neighborhood Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 2 / 61
  • Tax Tract Number 576601
  • Assessor Parcel Number 7265002001

Community Details

Recreation

  • Golf Course Community

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $31,339
  • Gross Income $108,000
  • Net Operating Income $74,501

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

2,508 Sq Ft Lot

Listing Details

  • CapRate: 4.15
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7265002001
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 471.19

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 2508.00

Multi Family

  • Average1 Bed Area: 928 Square Feet
  • Gross Income: 108000.00
  • Gross Multiplier: 16.60
  • Gross Operating Income: 105840.00
  • Gross Scheduled Income: 108000.00
  • Net Operating Income: 74501.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 31339.00
  • Rent Control: No
  • Total Expenses: 31339.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 61
  • Tax Lot: 2
  • Tax Tract Number: 576601

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

Closed on
Oct 13, 2025
Sold by
Bought by
Current Estimated Value
$1,976,597

Purchase Details

Closed on
Aug 12, 2019
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 27, 2014
Sold by
Bought by
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Lorri Quiett
Vylla Home, Inc.
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 2, 2014
Sold by
Bought by
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Lorri Quiett
Vylla Home, Inc.
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Purchase Details

Closed on
Aug 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0551%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1994
Sold by
Bought by
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

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
-- None Listed On Document
$1,550,000 None Listed On Document
$1,992,000 Stewart Title
$1,992,000 Stewart Title
-- North American Title Company
$650,000 North American Title Company
$895,000 North American Title Co
$227,000 North American Title
-- Fidelity National Title
-- Fidelity National Title
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
Previous Owner $1,200,000
Previous Owner $800,000
Previous Owner $825,000
Previous Owner $469,000
Previous Owner $300,000
Previous Owner $147,000
Previous Owner $630,000
Previous Owner $490,000
Previous Owner $402,500
Previous Owner $275,000
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 Prior Sale
07/04/2017 07/04/17 Sold $1,750,000 -2.5% $471 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $1,795,000 +176.2% $483 / Sq Ft
05/30/2014 05/30/14 Sold $650,000 -10.3% $175 / Sq Ft View Prior Sale
01/19/2014 01/19/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $725,000 -- $195 / 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 $28,556 $2,178,539 $1,312,373 $866,166
2024 $27,323 $2,135,824 $1,286,641 $849,183
2023 $26,867 $2,093,946 $1,261,413 $832,533
2022 $25,198 $2,052,889 $1,236,680 $816,209
2021 $24,709 $2,012,637 $1,212,432 $800,205
2019 $22,755 $1,820,700 $1,352,520 $468,180
2018 $22,217 $1,785,000 $1,326,000 $459,000
2016 $8,381 $673,096 $465,990 $207,106
2015 $8,050 $662,987 $458,991 $203,996
2014 $11,959 $997,736 $445,915 $551,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17059445

California Regional Multiple Listing Service (CRMLS)

APN: 7265-002-001

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