NOT LISTED FOR SALE

1501 E 56th St Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $743,000 - $900,000

2 Beds
2 Baths
1,250 Sq Ft
$652/Sq Ft Est. Value

Last Sold March 27, 2015

Last sale price $424,000 $339 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $4,829/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wood Fence
  • No HOA
  • Floor Furnace
  • Wood Siding

About This Home

As of March 2015

Smart decisions are tough! Get your money's worth with this traditional duplex in Long Beach. Units consist of 2 bedrooms, 1 bathroom, large dining room, gracious living room with gas fireplace, hardwood floors, captivating kitchen with granite counter tops. Second unit is a spacious studio with a private bath. There's plenty of space for children and pets to play on this large 8,899 sq. ft. lot. Distinctive features include- storage room, workshop, and laundry area. 1 car detached garage and each unit has includes a private driveway for parking.

Last Agent to Sell the Property

Noemi Baeza

Keller Williams Realty License #01266442 Listed on: 02/18/2015

Last Buyer's Agent

Noemi Baeza

Keller Williams Realty License #01266442 Listed on: 02/18/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,899 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • 1,250 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 022
  • Tax Tract Number 5706
  • Assessor Parcel Number 7128012022

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Gardener Expense $780
  • Insurance Expense $500
  • Maintenance Expense $650
  • Trash Expense $120
  • Water Sewer Expense $900
  • New Taxes Expense $5,237
  • Gross Income $2,500
  • Net Operating Income $19,533

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 900.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7128012022
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 339.20

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Outside
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8899.00
  • Lot Size Acres: 0.2040

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 2500.00
  • Gross Scheduled Income: 2500.00
  • Insurance Expense: 500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8899.0000 Square Feet
  • Maintenance Expense: 650.00
  • Net Operating Income: 19533.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 30000.00
  • Rent Control: No
  • Total Actual Rent: 2500.00

Tax Info

  • New Taxes Expense: 5237.00
  • Tax Lot: 022
  • Tax Tract Number: 5706
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2021
Sold by
Diaz Pascual
Bought by
Diaz Pascual and Rosas Jessica Elaine
Current Estimated Value
$815,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$335,396
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$479,906

Purchase Details

Listed on
Feb 18, 2015
Closed on
Feb 23, 2015
Sold by
Vanvanalstine Chad Van
Bought by
Diaz Pascual
Seller's Agent
Noemi Baeza
Keller Williams Realty
Buyer's Agent
Noemi Baeza
Keller Williams Realty
List Price
$419,000
Sold Price
$424,000
Premium/Discount to List
$5,000
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$416,320
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 14, 2013
Closed on
Mar 21, 2013
Sold by
Eitelman Brian D
Bought by
Vanalstine Chad and Van Alstine Nicole
Seller's Agent
Alice Markle
Realty One Group Diamond
Buyer's Agent
Noemi Baeza
Keller Williams Realty
List Price
$185,000
Sold Price
$256,000
Premium/Discount to List
$71,000
38.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.02%
Original Mortgage
$155,000
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2000
Sold by
Eitelman Family Trust Eitelman, Donald And Ma
Bought by
Eitelman Brian D

Purchase Details

Closed on
Sep 21, 1999
Sold by
Eitelman Donald F
Bought by
Eitelman Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
7.76%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Eitelman Donald F
Bought by
Eitelman Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
7.76%

Purchase Details

Closed on
Apr 8, 1998
Sold by
Eitelman Marcia L
Bought by
Eitelman Donald F and Eitelman Marcia L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Diaz Pascual -- Ticor Title Company Of Ca
Diaz Pascual -- Ticor Title
Diaz Pascual $424,000 Lawyers Title
Vanalstine Chad $256,000 Lawyers Title Company
Eitelman Brian D -- --
Eitelman Brian D -- Commonwealth Land Title Co
Eitelman Brian D -- --
Eitelman Donald F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Pascual $375,000
Previous Owner Diaz Pascual $416,320
Previous Owner Vanalstine Chad $155,000
Previous Owner Eitelman Brian D $62,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2015 03/27/15 Sold $424,000 +1.2% $339 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $419,000 0.0% $335 / Sq Ft
07/01/2013 07/01/13 Rented $1,750 0.0% --
07/01/2013 07/01/13 Under Contract -- -- --
06/13/2013 06/13/13 For Rent $1,750 0.0% --
04/03/2013 04/03/13 Sold $256,000 +38.4% $205 / Sq Ft View Prior Sale
03/16/2013 03/16/13 Pending -- -- --
03/14/2013 03/14/13 For Sale $185,000 -- $148 / 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 $6,696 $509,575 $360,551 $149,024
2024 $6,696 $499,584 $353,482 $146,102
2023 $6,584 $489,789 $346,551 $143,238
2022 $6,187 $480,186 $339,756 $140,430
2021 $6,064 $470,772 $333,095 $137,677
2020 $6,049 $465,946 $329,680 $136,266
2019 $5,979 $456,811 $323,216 $133,595
2018 $5,742 $447,855 $316,879 $130,976
2016 $5,287 $430,466 $304,575 $125,891
2015 $3,257 $262,299 $204,922 $57,377
2014 $3,245 $257,162 $200,908 $56,254
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Noemi Baeza

    Keller Williams Realty

  • A

    Seller's Agent in 2013

    Alice Markle

    Realty One Group Diamond

  • C

    Seller's Agent in 2013

    Clint Kreider

    HomeSmart, Evergreen Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15017699

California Regional Multiple Listing Service (CRMLS)

APN: 7128-012-022

California Los Angeles County Long Beach 90805 Lindbergh

1501 E 56th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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