Seller's Agent in 2018
Kevin King
Marcus & Millichap
(562) 257-1245
39 Total Sales
1521 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
6
Beds
5
Baths
8,401
Sq Ft
8,256
Sq Ft Lot
About This Home
As of December 2018We're pleased to present a twelve unit multifamily community located in the Alamitos Beach area of Long Beach, CA. Located right in the heart of Alamitos Beach, the subject property was built in 1954, and consists of approximately 8,401 square feet on approximately a 8,256 square foot lot. the building consists of 10 spacious one-bedroom / one-bathroom units and 2 large two-bedroom / one-bathroom units.
The building has recently gone through an extensive renovation, with new windows, paint, cabinetry, doors and flooring among some of the upgrades recently completed. In addition, four of the units have their own private patios, and there is ample on-site parking, with 6 one-car garages as well as plenty of street parking. This is an absolutely incredible opportunity to acquire a turnkey, true pride of ownership multifamily asset in Alamitos Beach and would be a great addition to any investor's portfolio.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 10/23/2018
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 8,256 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 6 Car Garage
Home Design
- Property Attached
Interior Spaces
- 8,401 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 576602
- Assessor Parcel Number 7265013024
Community Details
Overview
- 12 Units
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $607
- Fuel Expense $583
- Gardener Expense $2,240
- Insurance Expense $9,684
- Maintenance Expense $13,880
- Other Expense $2,400
- Professional Management Expense $10,376
- Trash Expense $583
- Water Sewer Expense $583
- New Taxes Expense $49,938
- Operating Expense $90,875
- Gross Income $256,680
- Net Operating Income $168,515
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 6, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,975,000
Interest Rate
0.028%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 8, 2021
Sold by
Bought by
Purchase Details
Listed on
Oct 23, 2018
Closed on
Dec 6, 2018
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$3,950,000
Sold Price
$3,999,000
Premium/Discount to List
$49,000
1.24%
Purchase Details
Closed on
Mar 15, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
0.0446%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 4, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,750
Interest Rate
0.0795%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 17, 1995
Sold by
Bought by
Purchase Details
Closed on
Apr 29, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,100,000 | Ticor Title | ||
| -- | Western Resources Ttl & Synr | ||
| $3,999,000 | Fidelity National Title Comp | ||
| $2,875,000 | Old Republic Title | ||
| $615,000 | Fidelity Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,975,000 | ||
| Previous Owner | $2,050,000 | ||
| Previous Owner | $459,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2018 12/14/18 | Sold | $3,999,000 | +1.2% | $476 / Sq Ft |
| 11/26/2018 11/26/18 | Pending | -- | -- | -- |
| 10/23/2018 10/23/18 | For Sale | $3,950,000 | -- | $470 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $57,752 | $4,350,952 | $2,610,571 | $1,740,381 |
| 2024 | $55,231 | $4,265,640 | $2,559,384 | $1,706,256 |
| 2023 | $54,300 | $4,182,000 | $2,509,200 | $1,672,800 |
| 2022 | $50,942 | $4,100,000 | $2,460,000 | $1,640,000 |
| 2021 | $51,147 | $4,121,238 | $3,090,671 | $1,030,567 |
| 2020 | $51,016 | $4,082,310 | $3,058,980 | $1,023,330 |
| 2019 | $50,415 | $4,002,330 | $2,999,000 | $1,003,330 |
| 2018 | $11,901 | $834,059 | $526,806 | $307,253 |
| 2016 | $10,934 | $798,472 | $506,350 | $292,122 |
| 2015 | $10,527 | $786,480 | $498,745 | $287,735 |
| 2014 | $10,514 | $771,075 | $488,976 | $282,099 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Ryan Gonzalez
R
Seller Co-Listing Agent in 2018
Ryan Gonzalez
Lyon Stahl Investment Real Est
(562) 879-3206
21 Total Sales
-
G
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18256416
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.
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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