NOT LISTED FOR SALE

1430 Linden Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,743,665 - $1,751,000

2 Beds
9 Baths
4,051 Sq Ft
$431/Sq Ft Est. Value

Last Sold June 27, 2018

Last sale price $1,080,000 $267 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $10,687/month

10 Days on Market

Highlights

  • Property is near public transit
  • Front Yard
  • 1-minute walk to Peace Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2018

Nine units close to Long Beach's major redevelopment boom. Great rental area and lots of upside in rents. Unit mix of two one bedrooms and seven studios. Recently painted, some copper plumbing, new water heater and electrical panel. Two garages. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 05/22/2018

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,527

Year Built

  • Built in 1920

Lot Details

  • 6,839 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 4,051 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269030011

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,093
  • New Taxes Expense $14,062
  • Operating Expense $18,128
  • Gross Income $49,680
  • Net Operating Income $31,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,527

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7269030011
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 266.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit
  • Lot Size Sq Ft: 6839.00

Multi Family

  • Gross Income: 49680.00
  • Gross Scheduled Income: 49680.00
  • Insurance Expense: 4093.00
  • Net Operating Income: 31551.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 18128.00
  • Rent Control: No
  • Total Actual Rent: 4140.00
  • Total Expenses: 18128.00

Tax Info

  • New Taxes Expense: 14062.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 58
  • Tax Tract Number: 5753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Jun 12, 2018
Sold by
Halber Paul C and Halber Genoveva M
Bought by
Jerry Todd L and Lee In Kyung
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Jon Swire
The Agency
List Price
$1,125,000
Sold Price
$1,080,000
Premium/Discount to List
-$45,000
-4%
Current Estimated Value
$1,747,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,333
Avg. Annual Appreciation
6.17%
Original Mortgage
$108,000
Interest Rate
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 15, 2003
Sold by
Halber Arthur C
Bought by
Halber Arthur C and The Arthur C Halber Revocable

Purchase Details

Closed on
May 13, 1999
Sold by
Halber Paul C and Halber Genoveva M
Bought by
Halber Arthur C and Halber Lillian A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jerry Todd L $1,080,000 Ticor Title
Halber Arthur C -- --
Halber Arthur C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jerry Todd L $1,443,750
Closed Jerry Todd L $1,385,000
Closed Jerry Todd L $108,000
Closed Jerry Todd L $594,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $1,080,000 -4.0% $267 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $1,125,000 -- $278 / 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 $16,527 $1,228,852 $398,238 $830,614
2024 $16,527 $1,204,758 $390,430 $814,328
2023 $16,234 $1,181,136 $382,775 $798,361
2022 $15,254 $1,157,977 $375,270 $782,707
2021 $14,927 $1,135,272 $367,912 $767,360
2019 $14,713 $1,101,600 $357,000 $744,600
2018 $5,162 $323,757 $131,250 $192,507
2016 $4,758 $311,187 $126,154 $185,033
2015 $4,592 $306,514 $124,260 $182,254
2014 $4,612 $300,510 $121,826 $178,684
Source: Public Records

Agents Affiliated with this Home

  • Lorri Quiett

    Seller's Agent in 2018

    Lorri Quiett

    Vylla Home, Inc.

    (562) 682-3130

    136 Total Sales

    Lorri Quiett
    Section Image
  • Jon Swire

    Buyer's Agent in 2018

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    32 Total Sales

    Jon Swire
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18120510

California Regional Multiple Listing Service (CRMLS)

APN: 7269-030-011

California Los Angeles County Long Beach 90813 Central

1430 Linden Ave, Long Beach, CA

This home is located at 1430 Linden Ave, Long Beach, CA 90813 since 22 May 2018 and is currently estimated at $1,747,333, approximately $431 per square foot. This property was built in 1920. 1430 Linden Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Washington Middle School, and Long Beach Polytechnic High School.

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

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