NOT LISTED FOR SALE

1527 E 3rd St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,353,000 - $2,654,000

2 Beds
1 Bath
6,362 Sq Ft
$292/Sq Ft Est. Value

Sale Details

Date Sold: October 26, 2022

Last sale price $2,875,000 $452 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $11,662 / mo

116 Days on Market

About This Home

As of October 2022

• True Pride-of-Ownership Legacy Asset: Built in 1926
• Two Separately Parceled Triplexes, Providing Flexible Entry and Exit Strategies
• Six Spacious Two-Bedroom Units: Average Unit Size Over 1,000 Square-Feet
• Amenities That All Tenants Value: Synergized Outdoor Space, Washers & Dryers in Each Unit and Private Parking
• Three Blocks from the Beach & Bixby Park: The Cultural Hub of Alamitos Beach
• 91 Walk Score – “Walker’s Paradise” & 91 Bike Score – “Biker’s Paradise”
• Ability to Add Two Additional ADU Units to Increase Value for a New Investor

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 05/20/2022

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,362 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre
  • 7275008015

Home Design

  • 6,362 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 576502
  • Assessor Parcel Number 7275008014

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Alamitos Beach Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $300
  • Gardener Expense $600
  • Insurance Expense $3,550
  • Maintenance Expense $4,500
  • Professional Management Expense $6,510
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $37,438
  • Operating Expense $53,798
  • Gross Income $162,739
  • Net Operating Income $108,941

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

8,362 Sq Ft Lot

Listing Details

  • Professional Management Expense: 6510.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 300.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7275008014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 451.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7275008015
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8362.00
  • Lot Size Acres: 0.1920

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 300.00
  • Gross Income: 162739.00
  • Gross Operating Income: 162739.00
  • Gross Scheduled Income: 167772.00
  • Insurance Expense: 3550.00
  • Lot Size Area: 8362.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 108941.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 53798.00
  • Rent Control: No
  • Total Expenses: 53798.00

Tax Info

  • New Taxes Expense: 37438.00
  • Tax Census Tract: 5765.02
  • Tax Lot: 4
  • Tax Tract Number: 576502

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

Listed on
May 20, 2022
Closed on
Oct 14, 2022
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$3,350,000
Sold Price
$2,875,000
Premium/Discount to List
-$475,000
-14.18%
Views
2
Current Estimated Value
$1,859,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,015,667
Avg. Annual Appreciation
-11.26%
Original Mortgage
$1,725,000
Outstanding Balance
$1,620,830
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$238,503

Purchase Details

Closed on
Jan 12, 2017
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
$920,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 3, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2000
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
$235,800
Interest Rate
8.44%

Purchase Details

Closed on
Apr 3, 1998
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
$190,800
Interest Rate
7.17%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,825,000 Ticor Title
$1,600,000 North American Title
-- None Available
-- Provident Title Company
$444,000 Landamerica
$262,000 Chicago Title Co
$212,000 Orange Coast 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
Open $1,725,000
Previous Owner $920,000
Previous Owner $235,800
Previous Owner $190,800
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
10/26/2022 10/26/22 Sold $2,875,000 -4.0% $452 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $2,995,000 -10.6% $471 / Sq Ft
05/20/2022 05/20/22 For Sale $3,350,000 -- $527 / 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 $19,667 $1,469,565 $1,053,405 $416,160
2024 $18,826 $1,440,750 $1,032,750 $408,000
2023 $18,274 $1,412,500 $1,012,500 $400,000
2022 $11,083 $874,913 $656,186 $218,727
2021 $10,855 $857,759 $643,320 $214,439
2019 $10,701 $832,320 $624,240 $208,080
2018 $10,391 $816,000 $612,000 $204,000
2016 $4,415 $340,154 $145,409 $194,745
2015 $4,246 $335,045 $143,225 $191,820
2014 $4,229 $328,483 $140,420 $188,063
Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2022

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    8 in this area

    38 Total Sales

    Kevin King
    Section Image
  • Cameron Jacques

    Buyer's Agent in 2022

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    2 in this area

    60 Total Sales

    Cameron Jacques
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22106537

California Regional Multiple Listing Service (CRMLS)

APN: 7275-008-014

California Los Angeles County Long Beach 90802 North Alamitos Beach

1527 E 3rd St, Long Beach, CA

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.