R
Seller's Agent in 2015
Ryan Rayburn
Marcus & Millichap
144 E 57th St Long Beach, CA 90805
Dairy NeighborhoodEstimated Value: $2,554,000 - $2,584,695
14
Beds
8
Baths
6,761
Sq Ft
$380/Sq Ft
Est. Value
Highlights
- 0.46 Acre Lot
- No HOA
- 3 Car Garage
- Private Yard
- Landscaped
About This Home
As of August 2015I am proud to offer a well-maintained 9 unit apartment building located at 144 E. 57th Street. The property is one block South of South Street and two blocks East of Long Beach Blvd. in a low density pocket of mostly single family residential homes in the city of Long Beach. Built in 1972, the wood frame, painted stucco building offers 6761 rentable square feet and is situated on a 19,942 square foot lot. The property incorporates three separate apartment buildings and offers a unit mix of 2 one bedroom/one bathroom, and 7 two bedroom/one bathroom units. For the conveyance of the tenants multiple open parking spaces are available, and three enclosed garages are available to rent. Each unit is separately metered for gas and electricity and on site laundry is provided for the tenant’s conveyance.
144 E. 57th Street is a rare opportunity to purchase three separate apartment complexes on an extremely large lot. With a stable return on current numbers and true upside in rents for a more aggressive management style the added potential rental income, this value-add opportunity is a perfect addition to any investor’s portfolio
Last Agent to Sell the Property
Ryan Rayburn
Marcus & Millichap License #01496522 Listed on: 04/01/2015
Last Buyer's Agent
Ryan Rayburn
Marcus & Millichap License #01496522 Listed on: 04/01/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,285
Year Built
- Built in 1941
Lot Details
- 0.46 Acre Lot
- Two or More Common Walls
- Landscaped
- Private Yard
- Lawn
- Back Yard
Parking
- 3 Car Garage
- Parking Available
- Driveway
- Unassigned Parking
Home Design
- 6,761 Sq Ft Home
- Property Attached
- Shingle Roof
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 4-10 / 22
- Tax Tract Number 5992
- Assessor Parcel Number 7126011028
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Building Details
- 9 Leased Units
- 10 Separate Electric Meters
- 9 Separate Gas Meters
- 9 Separate Water Meters
- Insurance Expense $2,366
- Maintenance Expense $8,995
- Other Expense $2,021
- Professional Management Expense $7,088
- Water Sewer Expense $6,783
- New Taxes Expense $14,625
- Gross Income $9,609
- Net Operating Income $67,665
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 9, 2024
Sold by
Taarp Frederiksen Trust and Frederiksen Thomas
Bought by
Obi 5 Llc
Current Estimated Value
Purchase Details
Listed on
Apr 1, 2015
Closed on
Jul 9, 2015
Sold by
Sanchez Rose Morales and Delia Lopez Trust
Bought by
Taarp Frederiksen Trust
Seller's Agent
Ryan Rayburn
Marcus & Millichap
Buyer's Agent
Ryan Rayburn
Marcus & Millichap
List Price
$1,300,000
Sold Price
$1,260,000
Premium/Discount to List
-$40,000
-3.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$945,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 17, 2007
Sold by
Lopez Delia G
Bought by
Lopez Delia G and Delia Lopez Trust
Purchase Details
Closed on
Mar 5, 2001
Sold by
Ramirez Louis J and Ramirez Theresa A
Bought by
Lopez Delia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
8.12%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 30, 1999
Sold by
Brunetti Trust Brunetti Melvin And Estelle Tr
Bought by
Ramirez Louis J and Ramirez Theresa A
Purchase Details
Closed on
Nov 4, 1994
Sold by
Brunetti Melvin E and Brunetti Estelle R
Bought by
Brunetti Melvin E and Brunetti Estelle R
Purchase Details
Closed on
Jan 20, 1994
Sold by
Chicago Title Company
Bought by
Brunetti Melvin E and Brunetti Estelle R
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Obi 5 Llc | -- | None Listed On Document | |
| Taarp Frederiksen Trust | $1,260,000 | Ticor Title Company Of Ca | |
| Lopez Delia G | -- | None Available | |
| Lopez Delia | $435,000 | Commonwealth Land Title | |
| Ramirez Louis J | $32,000 | -- | |
| Brunetti Melvin E | -- | -- | |
| Brunetti Melvin E | $144,109 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Frederiksen Thomas | $1,309,000 | |
| Previous Owner | Taarp Frederiksen Trust | $945,000 | |
| Previous Owner | Lopez Delia | $750,000 | |
| Previous Owner | Lopez Delia | $450,000 | |
| Previous Owner | Lopez Delia | $326,250 | |
| Closed | Lopez Delia | $43,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2015 08/04/15 | Sold | $1,260,000 | -3.1% | $186 / Sq Ft |
| 05/27/2015 05/27/15 | Pending | -- | -- | -- |
| 04/01/2015 04/01/15 | For Sale | $1,300,000 | -- | $192 / 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 | $20,285 | $2,050,000 | $1,000,000 | $1,050,000 |
| 2024 | $20,285 | $1,462,333 | $580,291 | $882,042 |
| 2023 | $19,940 | $1,433,661 | $568,913 | $864,748 |
| 2022 | $18,758 | $1,405,551 | $557,758 | $847,793 |
| 2021 | $18,358 | $1,377,992 | $546,822 | $831,170 |
| 2020 | $18,310 | $1,363,864 | $541,216 | $822,648 |
| 2019 | $18,100 | $1,337,122 | $530,604 | $806,518 |
| 2018 | $17,358 | $1,310,904 | $520,200 | $790,704 |
| 2016 | $15,967 | $1,260,000 | $500,000 | $760,000 |
| 2015 | $7,518 | $545,382 | $294,632 | $250,750 |
| 2014 | $7,520 | $534,700 | $288,861 | $245,839 |
Source: Public Records
Agents Affiliated with this Home
-
-
Kirby Larson
Buyer Co-Listing Agent in 2015
Kirby Larson
RE/MAX
(310) 897-2257
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15068030
APN: 7126-011-028
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.
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
- 241 E 57th St
- 195 E Hullett St
- 332 E South St
- 5512 Long Beach Blvd
- 106 E Osgood St
- 325 E 59th St
- 134 E Market St
- 5355 Pine Ave
- 477 E South St
- 17 E Plymouth St Unit B
- 473 E 55th St
- 5863 Linden Ave
- 489 E 55th St
- 5536 Linden Ave
- 5868 Linden Ave Unit 6
- 5868 Linden Ave Unit 4
- 5880 Linden Ave Unit 5
- 5880 Linden Ave Unit 4
- 5880 Linden Ave Unit 3
- 6070 Jaymills Ave
- 150 E 57th St Unit 3
- 136 E 57th St
- 156 E 57th St
- 132 E 57th St
- 187 E Norton St
- 191 E Norton St
- 161 E 57th St
- 183 E Norton St
- 181 E Norton St
- 160 E 57th St
- 160 E 57th St Unit 2
- 160 E 57th St Unit 6
- 179 E Norton St
- 5720 N Lester St
- 181 Norton Rd
- 165 E 57th St
- 128 E 57th St
- 177 E Norton St
- 193 E Norton St
- 171 E 57th St