Seller's Agent in 2021
Justin Schaller
Lion Heart Realty
(800) 994-3704
1 in this area
36 Total Sales
1465 W Parade St Long Beach, CA 90810
Lower Westside NeighborhoodEstimated Value: $859,000 - $1,186,000
4
Beds
3
Baths
2,360
Sq Ft
$433/Sq Ft
Est. Value
Highlights
- No Units Above
- Laundry Room
- 1-Story Property
- No HOA
- Rectangular Lot
About This Home
As of December 2021Price Enhancement just lowered $55,000, owner is motivated to sell! Amazing value add opportunity knocks!! Huge potential for this Triplex, existing 2 bedroom 1 bath main front house 1465 Parade St. and (2) 1 bedroom 1 bath rear/ side units 1864 & 1866 Caspian St. combined with a total of 9 off st. parking spots/garage storage spaces. Check with the city and your contractor but believe this Property can make a easy garage conversion to additional 1+ bedroom ADU offering potential of $7000+ a month in gross rent or making it a 8.+ proforma CAP! Also perfect for an owner occupant as is, looking to live in the front house and continue to have great income from the back 2 detached units. The front house has a large fully fenced front yard and offers a oversized large front covered patio. The rear of the home opens off the kitchen laundry room and steps down into a relaxing private patio fully fenced from rear of driveway. The 1 bedrooms are both spacious with updated kitchens (5-6 years old) and a great floor plan with a rear door off the kitchen dining area that opens to individual back yards. The whole parcel sits on 7,234 sq ft and is situated on two lots with separate addresses and individually metered lots 31 and 32. Garage sits ideally detached between the front house and the rear 2 units, it is accessible directly from the driveway behind the gate, on one side for the main house on Parade and a separate 1 car garage is accessible from the Street on Caspian (currently rented to tenant). All 3 buildings have newer roofs, 6-8 years, the front house has all new copper plumbing and ABS main drain all the way to the street (approx.. 8 years old) Very low maintenance, great stable long term tenants make this a turn key investment for self management. Professional management fee omitted from expense but in place and available for new ownership if required. Call and submit your offers.
Last Agent to Sell the Property
Lion Heart Realty License #01457879 Listed on: 09/02/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,624
Year Built
- Built in 1950
Lot Details
- 7,234 Sq Ft Lot
- No Units Above
- End Unit
- 1 Common Wall
- Rectangular Lot
- Level Lot
Parking
- 7 Open Parking Spaces
- 2 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 2,360 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- Rain Gutters
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities, parking fee
- Legal Lot and Block 32 / 6
- Tax Tract Number 1833
- Assessor Parcel Number 7431030020
- $731 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $540
- Insurance Expense $1,900
- Maintenance Expense $960
- New Taxes Expense $14,500
- Operating Expense $17,900
- Gross Income $600
- Net Operating Income $40,432
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2021
Closed on
Dec 20, 2021
Sold by
Tuyet Llc
Bought by
Lopez Cecilio Arredondo and Arredondo Mari Carmen
Seller's Agent
Justin Schaller
Lion Heart Realty
Buyer's Agent
Martin Cueva
Advance Realty
List Price
$979,990
Sold Price
$915,000
Premium/Discount to List
-$64,990
-6.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,333
Avg. Annual Appreciation
3.00%
Original Mortgage
$686,250
Outstanding Balance
$633,757
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$387,448
Purchase Details
Closed on
Dec 12, 2013
Sold by
Phamily Llc
Bought by
Tuyet Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
2.85%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 2, 2012
Closed on
Nov 2, 2012
Sold by
The Bank Of New York Mellon
Bought by
Pham Family Llc
Seller's Agent
David Judd
Ojo Home California Inc.
Buyer's Agent
Katelyn Huynh
Aegis Real Estate and REO Inc.
List Price
$175,000
Sold Price
$363,000
Premium/Discount to List
$188,000
107.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Purchase Details
Closed on
Sep 17, 2011
Sold by
Gallardo Maria
Bought by
The Bank Of New York Mellon
Purchase Details
Closed on
Sep 10, 2011
Sold by
Gallardo Socorro and Gallardo Maria
Bought by
Gallardo Family Spendthrift Trust
Purchase Details
Closed on
Mar 31, 2008
Sold by
Gallardo Maria
Bought by
Gallardo Socorro and Gallardo Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
5.81%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 16, 2005
Sold by
Gallardo Silvia and Gallardo Sylvia
Bought by
Gallardo Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 2004
Sold by
Gallardo Socorro
Bought by
Gallardo Maria and Gallardo Sylvia
Purchase Details
Closed on
Dec 8, 2003
Sold by
Lara Leticia and Gallardo Silvia
Bought by
Gallardo Silvia and Gallardo Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
7.3%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Lopez Cecilio Arredondo | $915,000 | Orange Coast Title Co | |
| Tuyet Llc | -- | None Available | |
| Phamily Llc | -- | None Available | |
| Pham Family Llc | $351,000 | Ptc | |
| The Bank Of New York Mellon | $332,000 | Accommodation | |
| Gallardo Family Spendthrift Trust | -- | None Available | |
| Gallardo Socorro | -- | None Available | |
| Gallardo Maria | -- | Fidelity National Title Co | |
| Gallardo Maria | -- | Orange Coast Title | |
| Gallardo Silvia | -- | Gateway Title Company | |
| Gallardo Socorro | -- | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lopez Cecilio Arredondo | $686,250 | |
| Previous Owner | Pham Family Llc | $225,000 | |
| Previous Owner | Gallardo Maria | $33,000 | |
| Previous Owner | Gallardo Maria | $11,000 | |
| Previous Owner | Gallardo Maria | $434,000 | |
| Previous Owner | Gallardo Maria | $230,000 | |
| Previous Owner | Gallardo Silvia | $159,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2021 12/31/21 | Sold | $915,000 | -1.1% | $388 / Sq Ft |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- |
| 10/09/2021 10/09/21 | Price Changed | $925,000 | -5.6% | $392 / Sq Ft |
| 09/02/2021 09/02/21 | For Sale | $979,990 | +170.0% | $415 / Sq Ft |
| 11/30/2012 11/30/12 | Sold | $363,000 | +107.4% | $157 / Sq Ft |
| 10/10/2012 10/10/12 | Pending | -- | -- | -- |
| 10/02/2012 10/02/12 | For Sale | $175,000 | -- | $75 / 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 | $12,624 | $971,005 | $689,785 | $281,220 |
| 2024 | $12,624 | $951,966 | $676,260 | $275,706 |
| 2023 | $12,409 | $933,300 | $663,000 | $270,300 |
| 2022 | $11,653 | $915,000 | $650,000 | $265,000 |
| 2021 | $5,489 | $399,305 | $216,148 | $183,157 |
| 2019 | $5,412 | $387,463 | $209,738 | $177,725 |
| 2018 | $5,215 | $379,867 | $205,626 | $174,241 |
| 2016 | $4,801 | $365,119 | $197,643 | $167,476 |
| 2015 | $4,618 | $359,636 | $194,675 | $164,961 |
| 2014 | $4,606 | $352,592 | $190,862 | $161,730 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Schaller
-
Martin Cueva
Buyer's Agent in 2021
Martin Cueva
Advance Realty
(714) 240-2559
1 in this area
140 Total Sales
-
D
Seller's Agent in 2012
David Judd
Ojo Home California Inc.
-
Katelyn Huynh
K
Buyer's Agent in 2012
Katelyn Huynh
Aegis Real Estate and REO Inc.
(562) 900-5737
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21194695
APN: 7431-030-020
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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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