NOT LISTED FOR SALE

1509 E 7th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $669,000 - $1,008,131

3 Beds
2 Baths
1,828 Sq Ft
$475/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $615,000 $336 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,450/month

About This Home

As of June 2021

Charming duplex fixer opportunity in the booming Hellman Street Craftsman district of Long Beach. Flexible zoning allows for both commercial and residential opportunities for a developer. Tenant currently on month-to-month. Cash buyers only please!

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 02/19/2021

Last Buyer's Agent

Matthew Meskin

Premier Agent Network License #02044498

Premier Agent Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,899

Year Built

  • Built in 1921

Lot Details

  • 6,518 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 1,828 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 3356
  • Assessor Parcel Number 7266001029

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $8,000
  • Operating Expense $11,840
  • Gross Income $7,200
  • Net Operating Income $380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,899

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Hellman
  • Water Sewer Expenses: 720.00
  • Zoning: LBCNR
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7266001029
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 336.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6518.00
  • Lot Size Acres: 0.1496

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 7200.00
  • Gross Scheduled Income: 600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6518.0000 Square Feet
  • Net Operating Income: 380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 1000.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Expenses: 11840.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Census Tract: 5764.02
  • Tax Lot: 11
  • Tax Tract Number: 3356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Nadynn International Inc
Bought by
Mcintosh Voncella
Current Estimated Value
$868,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$808,500
Outstanding Balance
$738,875
Interest Rate
2.8%
Mortgage Type
Stand Alone Second
Estimated Equity
$131,797

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jun 7, 2021
Sold by
Stockpile Property Ventures Llc
Bought by
Nadynn International Inc
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Matthew Meskin
Premier Agent Network
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 19, 2021
Closed on
May 24, 2021
Sold by
Kennedy Scott and Kennedy Mary
Bought by
Stockpile Property Ventures Llc
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Matthew Meskin
Premier Agent Network
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2019
Sold by
Brown Robert T and Brown Peggy A
Bought by
Kennedy Scott and Kennedy Mary
Source: Public Records

Range of Values:

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Average Value
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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
Mcintosh Voncella $735,000 Provident Title Company
Nadynn International Inc $615,000 Lawyers Title Company
Stockpile Property Ventures Llc $615,000 Ticor Title
Kennedy Scott -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mcintosh Voncella $0
Open Mcintosh Voncella $808,500
Closed Mcintosh Voncella $808,500
Previous Owner Nadynn International Inc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $615,000 0.0% $336 / Sq Ft
05/21/2021 05/21/21 Off Market $615,000 -- --
05/07/2021 05/07/21 Price Changed $649,900 0.0% $356 / Sq Ft
05/07/2021 05/07/21 For Sale $649,900 +5.7% $356 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
02/19/2021 02/19/21 Off Market $615,000 -- --
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 $9,899 $779,987 $546,522 $233,465
2024 $9,899 $764,694 $535,806 $228,888
2023 $9,733 $749,700 $525,300 $224,400
2022 $9,136 $735,000 $515,000 $220,000
2021 $3,448 $251,350 $173,351 $77,999
2020 $3,439 $248,774 $171,574 $77,200
2019 $3,400 $243,897 $168,210 $75,687
2018 $3,244 $239,115 $164,912 $74,203
2016 $2,980 $229,832 $158,509 $71,323
2015 $2,866 $226,381 $156,129 $70,252
2014 $2,857 $221,947 $153,071 $68,876
Source: Public Records

Agents Affiliated with this Home

  • William Hayward

    Seller's Agent in 2021

    William Hayward

    Y Realty

    (310) 466-9671

    1 in this area

    43 Total Sales

    William Hayward
    Section Image
  • Matthew Meskin

    Buyer's Agent in 2021

    Matthew Meskin

    Premier Agent Network

    (310) 871-7383

    1 in this area

    18 Total Sales

    Matthew Meskin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21034960

California Regional Multiple Listing Service (CRMLS)

APN: 7266-001-029

California Los Angeles County Long Beach 90802 Hellman

1509 E 7th St, Long Beach, CA

This home is located at 1509 E 7th St, Long Beach, CA 90813 since 19 February 2021 and is currently estimated at $868,033, approximately $474 per square foot. This property was built in 1921. 1509 E 7th St is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin 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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