NOT LISTED FOR SALE

1512 E 11th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $814,000 - $1,382,000

6 Beds
4 Baths
2,176 Sq Ft
$531/Sq Ft Est. Value

Last Sold July 22, 2019

Last sale price $870,000 $400 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,089/month

48 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 5-minute walk to Douglas Macarthur Park

About This Home

As of July 2019

This charming spanish style 4 unit complex is located in the heart of Cambodia Town and features three separate structures on one lot. The first structure is a large stand alone one bedroom bathroom bungalow. The second structure features a large two bed one bath unit and a separate one bed one bath unit. Both units have fresh paint with brand new lighting, closet doors, kitchen cabinets, counters tops, sinks, and bathroom vanities. The third building is a two story structure with a two bed and one bath apartment over garages. This unit features tile floors throughout and is rented with a two car garage. The first floor of this building features two single car garages, one two car garage and a laundry room that can be used for coin operated machines. Cambodia town is famous for its outstanding Southeast Asian cuisine and it proximity to Downtown Long Beach. Local attractions include the Long Beach Aquarium, Museum of Latin American Art, Long Beach Convention Center, Pine Avenue, and the beach. Don’t miss out on a great investment opportunity.

Last Agent to Sell the Property

Patrick Jones

Patrick Jones, Broker License #01263270 Listed on: 02/20/2019

Last Buyer's Agent

Chuck Brewer

Home Smart Realty Group License #01939550

Home Smart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,018 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 2,176 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 5500
  • Tax Tract Number 3406
  • Assessor Parcel Number 7267009011

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,259
  • Other Expense $1,076
  • Trash Expense $285
  • Water Sewer Expense $1,680
  • New Taxes Expense $11,250
  • Operating Expense $15,759
  • Net Operating Income $52,941

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1680.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7267009011
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 399.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 285.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6018.00
  • Lot Size Acres: 0.1382

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Scheduled Income: 68700.00
  • Insurance Expense: 1259.00
  • Lot Size Area: 6018.0000 Square Feet
  • Net Operating Income: 52941.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 15759.00
  • Other Expense: 1076.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 15759.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 5764.02
  • Tax Lot: 5500
  • Tax Tract Number: 3406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2019
Sold by
Hopper Brad
Bought by
Maverick Rose Property Llc
Current Estimated Value
$1,155,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,750
Interest Rate
7.38%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 10, 2008
Sold by
Amenyinu Epiphanie
Bought by
Hopper Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2007
Sold by
Castillo Beatrice and Castillo Gail Sandford
Bought by
Amenyinu Ekoue and Amenyinu Epiphanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,100
Interest Rate
9.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2004
Sold by
Rodriguez Gilberto Valenzuela and Sanin Oscar Jaime
Bought by
Castillo Beatrice and Castillo Gail Sandford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2003
Sold by
Rodriguez Gilberto Valenzuela
Bought by
Rodriguez Gilberto Valenzuela and Sanin Oscar Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
Miramontes Pablo and Miramontes Catalina
Bought by
Rodriguez Gilberto Valenzuela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage
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
Maverick Rose Property Llc $870,000 First American Title Company
Hopper Brad $460,000 Multiple
Amenyinu Ekoue $679,000 North American Title Co
Castillo Beatrice $580,000 Fidelity National Title Co
Rodriguez Gilberto Valenzuela -- --
Rodriguez Gilberto Valenzuela $310,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maverick Rose Property Llc $648,750
Previous Owner Hopper Brad $368,000
Previous Owner Amenyinu Ekoue $611,100
Previous Owner Castillo Beatrice $435,000
Previous Owner Rodriguez Gilberto Valenzuela $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2019 07/22/19 Sold $870,000 -3.3% $400 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $900,000 -- $414 / 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 $12,389 $951,468 $617,908 $333,560
2024 $12,389 $932,813 $605,793 $327,020
2023 $12,178 $914,523 $593,915 $320,608
2022 $11,436 $896,592 $582,270 $314,322
2021 $11,207 $879,012 $570,853 $308,159
2020 $11,178 $870,320 $565,000 $305,320
2019 $7,152 $531,340 $288,598 $242,742
2018 $6,900 $520,929 $282,940 $237,989
2016 $6,353 $500,395 $271,954 $228,441
2015 $6,105 $492,879 $267,869 $225,010
2014 $6,079 $483,225 $262,622 $220,603
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Jones

    Patrick Jones, Broker

    Section Image

  • C

    Buyer's Agent in 2019

    Chuck Brewer

    Home Smart Realty Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19039115

California Regional Multiple Listing Service (CRMLS)

APN: 7267-009-011

California Los Angeles County Long Beach 90813 Hellman

1512 E 11th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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