NOT LISTED FOR SALE

1519 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $752,000 - $851,151

3 Beds
2 Baths
1,346 Sq Ft
$587/Sq Ft Est. Value

Last Sold March 30, 2015

Last sale price $390,000 $290 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $4,630/month

142 Days on Market

Highlights

  • 0.06 Acre Lot
  • Wood Flooring
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Victorian Architecture
  • Wall Furnace

About This Home

As of March 2015

Turn of the century Duplex near downtown, ocean, parks, museums, etc. this is a high demand rental area with low vacancies that equate to very good cash flow opportunities for investors.

Last Agent to Sell the Property

Andrew McGrath

Christine Donovan, Broker License #01902684 Listed on: 01/15/2015

Last Buyer's Agent

Anna Dolmazyan

Dolmazzi Real Estate & Loans License #01512621

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 2,476 Sq Ft Lot
  • 1 Common Wall
  • Southwest Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Cottage
  • Property Attached
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,346 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 12
  • Assessor Parcel Number 7275012041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $50
  • Insurance Expense $1,100
  • Maintenance Expense $400
  • Water Sewer Expense $40
  • New Taxes Expense $4,444
  • Gross Income $2,400
  • Net Operating Income $21,776

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • CapRate: 5.90
  • Property Attached: Yes
  • Water Sewer Expenses: 40.00
  • Architectural Style: Cottage, Victorian
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7275012041
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 289.75

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Pillar/Post/Pier
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2476.00
  • Lot Size Acres: 0.0570

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 850
  • Gross Income: 2400.00
  • Gross Multiplier: 13.36
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 2476.0000 Square Feet
  • Maintenance Expense: 400.00
  • Net Operating Income: 21776.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7024.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4444.00
  • Tax Lot: 8
  • Tax Tract Number: 012
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2025
Sold by
Friedman Matthew and Gauss-Friedman Lauren
Bought by
Mlm Trust and Friedman
Current Estimated Value
$790,538

Purchase Details

Listed on
Jan 15, 2015
Closed on
Mar 26, 2015
Sold by
Rizk Elaine
Bought by
Rizk Mena M
Seller's Agent
Andrew McGrath
Christine Donovan, Broker
Buyer's Agent
Anna Dolmazyan
Dolmazzi Real Estate & Loans
List Price
$440,000
Sold Price
$390,000
Premium/Discount to List
-$50,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$331,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2015
Closed on
Feb 24, 2015
Sold by
Rizk Mena M
Bought by
Friedman Matthew and Gauss Friedman Lauren
Seller's Agent
Andrew McGrath
Christine Donovan, Broker
Buyer's Agent
Anna Dolmazyan
Dolmazzi Real Estate & Loans
List Price
$440,000
Sold Price
$390,000
Premium/Discount to List
-$50,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2007
Sold by
Rizk Elaine
Bought by
Rizk Mena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2007
Sold by
Barge Rene Andre
Bought by
Rizk Mena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2006
Sold by
Barge Rene Andre and Volf Simone
Bought by
Barge Rene Andre

Purchase Details

Closed on
Mar 15, 2006
Sold by
Volf Simone
Bought by
Barge Rene Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 25, 2006
Sold by
Swanson Mary B and The Swanson Family Trust
Bought by
Volf Simone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
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
Mlm Trust -- None Listed On Document
Rizk Mena M -- Lawyers Title
Friedman Matthew $390,000 Lawyers Title
Rizk Mena M -- North American Title Co
Rizk Mena M $611,000 North American Title Co
Barge Rene Andre -- Accommodation
Barge Rene Andre -- Investors Title Company
Volf Simone $465,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Friedman Matthew $331,500
Previous Owner Rizk Mena M $611,000
Previous Owner Volf Simone $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2015 03/30/15 Sold $390,000 -11.4% $290 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $440,000 -- $327 / 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 $5,999 $468,712 $360,551 $108,161
2024 $5,999 $459,523 $353,482 $106,041
2023 $5,894 $450,513 $346,551 $103,962
2022 $5,532 $441,680 $339,756 $101,924
2021 $5,417 $433,021 $333,095 $99,926
2019 $5,337 $420,179 $323,216 $96,963
2018 $5,200 $411,941 $316,879 $95,062
2016 $4,781 $395,947 $304,575 $91,372
2015 $4,825 $404,000 $297,500 $106,500
2014 $4,886 $404,000 $297,500 $106,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Andrew McGrath

    Christine Donovan, Broker

    Section Image
  • Anna Dolmazyan

    Buyer's Agent in 2015

    Anna Dolmazyan

    Dolmazzi Real Estate & Loans

    (818) 294-9505

    18 Total Sales

    Anna Dolmazyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14197164

California Regional Multiple Listing Service (CRMLS)

APN: 7275-012-041

California Los Angeles County Long Beach 90802 Alamitos Beach

1519 E Broadway, Long Beach, CA

Not Listed for Sale

MultiFamily

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