Cyrus Mohseni
Responds Quickly
The Keystone Team
(657) 341-0810
180 Total Sales
2 in Nehyam
$758,000 Price Range
1501 E South St Long Beach, CA 90805
Nehyam Neighborhood
1
Bed
1
Bath
3,200
Sq Ft
3,920
Sq Ft Lot
About This Home
As of June 2018An excellent opportunity to acquire a 6-unit multifamily building in North Long Beach. Located at 1501 E South St. this multifamily asset was built in 1959. A complete renovation was done ten years ago including all new windows, countertops and other aesthetic upgrades. Units are individually metered and the roof passed inspection within the last year. It offers spacious one bedroom, one bath units with total building square footage of 3,200 square feet.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 3,920 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 5706
- Assessor Parcel Number 7123019025
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Insurance Expense $1,750
- Professional Management Expense $4,680
- New Taxes Expense $14,375
- Operating Expense $31,173
- Gross Income $93,600
- Net Operating Income $59,619
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
Listed on
Mar 23, 2018
Closed on
Apr 27, 2018
Sold by
Bought by
Seller's Agent
Justin White
Justin White
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$1,125,000
Sold Price
$1,115,000
Premium/Discount to List
-$10,000
-0.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,000
Interest Rate
4.6%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 25, 2018
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
$855,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 21, 2017
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
$855,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Nehyam, CA
-
Cyrus Mohseni
-
John Rudy
John Rudy
Trends RE Inc.
(747) 271-4844
33 Total Sales
2 in Nehyam
$600,000 Price Range
-
Kurt Steffien
Kurt Steffien
Realty Discount Corporation
(424) 688-6151
58 Total Sales
1 in Nehyam
$595,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
3 in Nehyam
$576K - $1.1M Price Range
-
Charles Chamorro
Charles Chamorro
Che Hill
(562) 685-8867
75 Total Sales
1 in Nehyam
$689,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
256 Total Sales
1 in Nehyam
$905,000 Price
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 |
|---|---|---|---|
| $1,115,000 | Ticor Title | ||
| $970,000 | Ticor Title | ||
| -- | None Available | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $1,000,000 | ||
| Previous Owner | $806,000 | ||
| Previous Owner | $855,000 | ||
| Previous Owner | $89,900 |
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 |
|---|---|---|---|---|
| 06/26/2018 06/26/18 | Sold | $1,115,000 | -0.9% | $348 / Sq Ft |
| 05/11/2018 05/11/18 | For Sale | $1,125,000 | +0.9% | $352 / Sq Ft |
| 04/20/2018 04/20/18 | Off Market | $1,115,000 | -- | -- |
| 04/04/2018 04/04/18 | Price Changed | $1,125,000 | -2.2% | $352 / Sq Ft |
| 03/23/2018 03/23/18 | For Sale | $1,150,000 | -- | $359 / 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 | $17,271 | $1,268,675 | $284,454 | $984,221 |
| 2024 | $16,506 | $1,243,800 | $278,877 | $964,923 |
| 2023 | $16,220 | $1,219,412 | $273,409 | $946,003 |
| 2022 | $15,228 | $1,195,503 | $268,049 | $927,454 |
| 2021 | $14,915 | $1,172,063 | $262,794 | $909,269 |
| 2019 | $14,701 | $1,137,300 | $255,000 | $882,300 |
| 2018 | $4,697 | $317,256 | $111,423 | $205,833 |
| 2016 | $4,324 | $304,940 | $107,098 | $197,842 |
| 2015 | $4,166 | $300,361 | $105,490 | $194,871 |
| 2014 | $4,169 | $294,478 | $103,424 | $191,054 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
38 Total Sales
-
Robert Stepp
Buyer's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
80 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18076227
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
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