NOT LISTED FOR SALE

1510 W Summit St Long Beach, CA 90810

Lower Westside Neighborhood

Estimated Value: $1,081,000 - $1,170,000

8 Beds
4 Baths
3,807 Sq Ft
$299/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2013

Last sale price $515,000 $135 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $6,760 / mo

116 Days on Market

About This Home

As of September 2013

Great 4 Unit Building Each Unit is 2 Bed / 1 Bath. All Units need some TLC. 2 Units Downstairs & 2 Units Upstairs. Gated Parking in the Back of the Units. Close to Admiral Kidd Park & Long Beach Polytechnic High School. Easy Access to the 710 Fwy & Pacific Coast Highway. Great units for investor, good income, bread and butter units that make great rentals. With some repairs there is a big upside potential in the rents.

Last Agent to Sell the Property

James dienes

Redfin Corporation License #00906068 Listed on: 03/22/2013

Redfin Corporation

Last Buyer's Agent

Concetta Aiello

T.N.G. Real Estate Consultants License #01741142

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,641 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • 3,807 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431026008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

7,641 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7431026008
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 135.28

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 7641.00
  • Lot Size Acres: 0.1750

Multi Family

  • Lot Size Area: 7641.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 1833
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2013
Closed on
Sep 9, 2013
Sold by
Federal National Mortgage Association
Bought by
Portillo Richard James and Portillo Kana
Seller's Agent
James dienes
Redfin Corporation
Buyer's Agent
Concetta Aiello
T.N.G. Real Estate Consultants
List Price
$679,900
Sold Price
$515,000
Premium/Discount to List
-$164,900
-24.25%
Current Estimated Value
$1,138,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$623,667
Avg. Annual Appreciation
6.51%
Original Mortgage
$386,250
Outstanding Balance
$287,775
Interest Rate
4.36%
Mortgage Type
New Conventional
Estimated Equity
$850,892

Purchase Details

Closed on
Jan 24, 2013
Sold by
Pena Jeff M and Pena Pam A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 3, 2005
Sold by
Nguyen Danh Xuan and Nguyen Bao Thi
Bought by
Pena Jeff M and Pena Pam A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2003
Sold by
Hud
Bought by
Nguyen Danh Xuan and Nguyen Bao Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,800
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2003
Sold by
Chase Manhattan Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Dec 18, 2001
Sold by
Campos Ignacio Aguilar and Moreno Maria Trinidad
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
May 18, 1999
Sold by
Brizuela Mario
Bought by
Campos Ignacio Aguilar and Moreno Maria Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,392
Interest Rate
7.51%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 1999
Sold by
Brizuela Sergio
Bought by
Brizuela Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,392
Interest Rate
7.51%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 1999
Sold by
Hud
Bought by
Brizuela Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.91%

Purchase Details

Closed on
Feb 21, 1997
Sold by
Alvarez Manuel and Martinez Jorge
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jan 29, 1997
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
May 30, 1995
Sold by
Sanchez Palemon M
Bought by
Alvarez Manuel and Martinez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,561
Interest Rate
7.92%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 1994
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Sanchez Palemon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
9.08%

Purchase Details

Closed on
Oct 12, 1994
Sold by
Resolution Trust Corp
Bought by
Bank Of America National Tr & Svgs Assn and Security Pacific National Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
9.08%

Purchase Details

Closed on
Jun 27, 1994
Sold by
G S L Financial
Bought by
Guardian Fed Svgs Assn and Guardian S&L Assn
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
Portillo Richard James $515,000 Lawyers Title Company
Federal National Mortgage Association $709,538 Landsafe Title
Pena Jeff M $725,000 Old Republic Title Company
Nguyen Danh Xuan $378,500 Commonwealth Land Title Co
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $355,396 --
Campos Ignacio Aguilar $319,000 Benefit Land Title Company
Brizuela Mario -- Benefit Land Title Company
Brizuela Sergio $170,000 Progressive Title
Countrywide Home Loans Inc $196,716 Landsafe Title
Hud -- Landsafe Title
Alvarez Manuel $190,000 --
Sanchez Palemon M $50,000 Old Republic Title Company
Bank Of America National Tr & Svgs Assn -- Old Republic Title Company
Guardian Fed Svgs Assn $92,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portillo Richard James $386,250
Previous Owner Pena Jeff M $543,750
Previous Owner Nguyen Danh Xuan $283,800
Previous Owner Campos Ignacio Aguilar $316,392
Previous Owner Brizuela Sergio $136,000
Previous Owner Alvarez Manuel $184,561
Previous Owner Sanchez Palemon M $45,000
Closed Pena Jeff M $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2013 09/16/13 Sold $515,000 -24.3% $135 / Sq Ft
07/16/2013 07/16/13 Pending -- -- --
03/22/2013 03/22/13 For Sale $679,900 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,671 $631,308 $367,754 $263,554
2024 $8,671 $618,931 $360,544 $258,387
2023 $8,523 $606,796 $353,475 $253,321
2022 $8,021 $594,899 $346,545 $248,354
2021 $7,843 $583,235 $339,750 $243,485
2019 $7,733 $565,938 $329,674 $236,264
2018 $7,418 $554,842 $323,210 $231,632
2016 $6,815 $533,299 $310,660 $222,639
2015 $6,551 $525,289 $305,994 $219,295
2014 $6,522 $515,000 $300,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    James dienes

    Redfin Corporation

    James dienes
    Section Image
  • Concetta Aiello

    Buyer's Agent in 2013

    Concetta Aiello

    T.N.G. Real Estate Consultants

    (626) 633-6760

    7 Total Sales

    Concetta Aiello
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13050844

California Regional Multiple Listing Service (CRMLS)

APN: 7431-026-008

California Los Angeles County Long Beach 90810 Lower Westside

1510 W Summit St, Long Beach, CA

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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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