NOT LISTED FOR SALE

1511 E Hellman St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,058,560 - $1,176,000

1 Bed
1 Bath
2,832 Sq Ft
$392/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $740,000 $261 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,732/month

17 Days on Market

Highlights

  • Laundry Room
  • Floor Furnace
  • Community Storage Space
  • Long Beach Polytechnic High School Rated A
  • 4 Car Garage
  • Carpet

About This Home

As of September 2018

4 units, each with their own garage! All units are 1 bedroom, each has a stove and refrigerator, their own separate front and back doors, and a single car garage. There is a community laundry room with a washer and dryer and a locked workroom for owner/landlord supplies. Great location near the East Village, Rose Park, and North Alamitos Beach. Approximately, 1 mile from the beach.

Last Agent to Sell the Property

Kathleen Ladd

RE/MAX College Park Realty License #01019339 Listed on: 07/27/2018

RE/MAX College Park Realty

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,504 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2,832 Sq Ft Home
  • Window Screens
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Tax Lot 161
  • Assessor Parcel Number 7267027025

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $250
  • Gardener Expense $1,460
  • Insurance Expense $1,260
  • Professional Management Expense $2,350
  • Water Sewer Expense $1,700
  • New Taxes Expense $2,000
  • Operating Expense $6,984
  • Gross Income $38,400
  • Net Operating Income $3,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2350.00
  • Property Attached: No
  • Water Sewer Expenses: 1700.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1460.00
  • Parcel Number: 7267027025
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 261.30
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Floor Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Storage
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7504.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Electric Expense: 250.00
  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1260.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 3200.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 582.00
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 6984.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Census Tract: 5764.02
  • Tax Lot: 161
  • Tax Tract Number: Almts.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Ladd Family Trust and Ladd Terri L
Bought by
Ladd Terr L and Ladd Hobie D
Current Estimated Value
$1,110,140

Purchase Details

Closed on
Sep 6, 2019
Sold by
Hive And Haven Llc
Bought by
Barnes Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 27, 2018
Closed on
Oct 18, 2018
Sold by
Barnes Melissa A
Bought by
Hive And Haven Llc
Seller's Agent
Kathleen Ladd
RE/MAX College Park Realty
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$699,000
Sold Price
$740,000
Premium/Discount to List
$41,000
5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%

Purchase Details

Listed on
Jul 27, 2018
Closed on
Aug 15, 2018
Sold by
Ladd Charles R
Bought by
Barnes Melissa A
Seller's Agent
Kathleen Ladd
RE/MAX College Park Realty
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$699,000
Sold Price
$740,000
Premium/Discount to List
$41,000
5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2016
Sold by
Poissant Teresa E
Bought by
Poissant Teresa Elizabeth and The Teresa Elizabeth Poissant Survivors

Purchase Details

Closed on
Oct 22, 1993
Sold by
Ladd Charles R and Ladd Luana L
Bought by
Ladd Charles R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ladd Terr L -- None Listed On Document
Ladd Terr L -- None Listed On Document
Barnes Melissa A -- Stewart Title Of California
Hive And Haven Llc -- None Available
Barnes Melissa A $740,000 Lawyers Title
Poissant Teresa Elizabeth -- None Available
Ladd Charles R -- --
Ladd Charles R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnes Melissa A $605,000
Previous Owner Barnes Melissa A $592,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $740,000 +5.9% $261 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $699,000 -- $247 / 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 $10,979 $833,955 $580,066 $253,889
2024 $10,979 $817,604 $568,693 $248,911
2023 $10,791 $801,574 $557,543 $244,031
2022 $10,141 $785,858 $546,611 $239,247
2021 $9,929 $770,450 $535,894 $234,556
2019 $9,695 $740,000 $520,000 $220,000
2018 $2,053 $115,311 $39,327 $75,984
2016 $1,886 $110,835 $37,800 $73,035
2015 $1,826 $109,171 $37,233 $71,938
2014 $1,839 $107,033 $36,504 $70,529
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Ladd

    Seller's Agent in 2018

    Kathleen Ladd

    RE/MAX

    (714) 328-6342

    130 Total Sales

    Kathleen Ladd
    Section Image

  • J

    Buyer's Agent in 2018

    John Alden

    Alden Pacific Investments, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18190246

California Regional Multiple Listing Service (CRMLS)

APN: 7267-027-025

California Los Angeles County Long Beach 90813 Hellman

1511 E Hellman St, Long Beach, CA

Not Listed for Sale

MultiFamily

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