NOT LISTED FOR SALE

1529 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,559,593 - $1,873,000

4 Beds
4 Baths
3,600 Sq Ft
$478/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $1,515,000 $421 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,721/month

64 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

As of January 2022

This Spanish style 4 plex is minutes to the Ocean and 10 minutes to Downtown and/or Belmont Shore. Each of the 1 bedroom 1 bath units is over 900+ sq ft so they rent very fast. The bottom two units have a small private yard with a doggy door and the two upstairs units share a balcony. There is a common laundry facility on the 2nd floor between units 3 & 4. Each of the 4 units have been remodeled with an open concept kitchen, granite or quartz countertop peninsula, new and/or refinished kitchen cabinets, vinyl plank flooring and/or refinished oak wood floors, new bath/tile/vanity and new stainless steel appliances to inlclude stove, dishwasher, microwave and garbage disposal.

Last Agent to Sell the Property

Charles Chang

CMC Realty & Lending License #01327098 Listed on: 10/12/2021

Last Buyer's Agent

Rob Jansen

Jansen Team Real Estate License #01799964

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,002 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 3,600 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 3
  • Tax Tract Number 109
  • Assessor Parcel Number 7275007022
  • $734 per year additional tax assessments

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,023
  • Trash Expense $532
  • Water Sewer Expense $1,100
  • Operating Expense $3,015
  • Gross Income $91,560
  • Net Operating Income $64,169

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: 4th St. Corridor
  • Water Sewer Expenses: 1100.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7275007022
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 420.83

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 532.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Utilities - Overhead
  • Lot Size Sq Ft: 3002.00
  • Lot Size Acres: 0.0689

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 91560.00
  • Gross Operating Income: 86982.00
  • Gross Scheduled Income: 91560.00
  • Insurance Expense: 1023.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 100.00
  • Lot Size Area: 3002.0000 Square Feet
  • Net Operating Income: 64169.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 22813.00
  • Rent Control: No
  • Total Expenses: 3015.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 5765.02
  • Tax Lot: 3
  • Tax Tract Number: 109
  • TaxOtherAnnualAssessmentAmount: 734.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Jan 6, 2022
Sold by
Florida Ccf Llc
Bought by
Shah Meit and Shah Khushbu
Seller's Agent
Charles Chang
CMC Realty & Lending
Buyer's Agent
Rob Jansen
Jansen Team Real Estate
List Price
$1,595,000
Sold Price
$1,515,000
Premium/Discount to List
-$80,000
-5.02%
Current Estimated Value
$1,721,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,898
Avg. Annual Appreciation
3.34%
Original Mortgage
$1,212,000
Outstanding Balance
$1,111,830
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$610,068

Purchase Details

Listed on
Oct 12, 2021
Closed on
Dec 22, 2021
Sold by
Feldman Henry S and Brown-Feldman Joyce
Bought by
Florida Ccf Llc
Seller's Agent
Charles Chang
CMC Realty & Lending
Buyer's Agent
Rob Jansen
Jansen Team Real Estate
List Price
$1,595,000
Sold Price
$1,515,000
Premium/Discount to List
-$80,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,212,000
Outstanding Balance
$1,111,830
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$610,068

Purchase Details

Closed on
Apr 25, 2018
Sold by
Feldman Henry S
Bought by
Florida Ccf Llc

Purchase Details

Closed on
Oct 10, 2016
Sold by
Florida Ccf Llc
Bought by
Feldman Henry S and Brown Feldman Joyce

Purchase Details

Closed on
Mar 9, 2009
Sold by
Chang Jean Pierre C
Bought by
Florida Ccf Llc

Purchase Details

Closed on
Dec 30, 2008
Sold by
Bridges John
Bought by
Chang Jean Pierre C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,410
Interest Rate
5.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2005
Sold by
Booth Edwin G
Bought by
Bridges John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2004
Sold by
Booth Edwin G
Bought by
Booth Edwin G and Booth Carrie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2002
Sold by
Hamilton D Allan
Bought by
Booth Eddie and Booth Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.78%

Purchase Details

Closed on
Aug 9, 2001
Sold by
Hamilton D Allan
Bought by
Hamilton D Allan and Hamilton Laura C

Purchase Details

Closed on
Oct 11, 2000
Sold by
Schneiter Kurt
Bought by
Hamilton D Allan and Hamilton Laura C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
7.82%

Purchase Details

Closed on
Sep 18, 2000
Sold by
Pai Shaly
Bought by
1529 Florida Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
7.82%

Purchase Details

Closed on
Jun 14, 1999
Sold by
Bao Bao Corp
Bought by
Pai Shaly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,879
Interest Rate
7.01%

Purchase Details

Closed on
Jan 11, 1999
Sold by
Guo Jin
Bought by
Bao Bao Corp

Purchase Details

Closed on
Oct 29, 1998
Sold by
Lin Xiaohui
Bought by
Guo Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
9.25%

Purchase Details

Closed on
Sep 30, 1998
Sold by
Lone Star Investment Inc
Bought by
Guo Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
9.25%

Purchase Details

Closed on
May 20, 1998
Sold by
Home Svgs Of America Fsb
Bought by
Llanes Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,230
Interest Rate
7.06%
Mortgage Type
Assumption

Purchase Details

Closed on
Mar 20, 1998
Sold by
Hillman Richard
Bought by
Home Svgs Of America Fsb
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
Shah Meit $1,515,000 Old Republic Title
Florida Ccf Llc -- Accommodation/Courtesy Recordi
Florida Ccf Llc -- None Available
Feldman Henry S -- Chicago Title Company
Florida Ccf Llc -- None Available
Chang Jean Pierre C $515,000 Chicago Title Company
Bridges John $830,000 North American Title Co
Booth Edwin G -- Southland Title
Booth Eddie $80,863 North American Title Co
Hamilton D Allan -- --
Hamilton D Allan $191,000 North American Title Co
1529 Florida Trust $148,500 --
Pai Shaly -- United Title Company
Bao Bao Corp -- United Title Company
Guo Jin -- --
Guo Jin $295,000 Commonwealth Land Title Co
Llanes Juan $159,000 Investors Title Company
Home Svgs Of America Fsb $121,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Meit $1,212,000
Previous Owner Chang Jean Pierre C $445,410
Previous Owner Bridges John $650,000
Previous Owner Booth Edwin G $420,000
Previous Owner Booth Eddie $200,000
Previous Owner Hamilton D Allan $152,600
Previous Owner Pai Shaly $289,879
Previous Owner Guo Jin $236,800
Previous Owner Llanes Juan $111,230
Closed Guo Jin $44,250
Closed Hamilton D Allan $19,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,515,000 -5.0% $421 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $1,595,000 -- $443 / 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 $20,382 $1,607,730 $1,071,820 $535,910
2024 $20,382 $1,576,206 $1,050,804 $525,402
2023 $20,040 $1,545,300 $1,030,200 $515,100
2022 $15,092 $1,203,007 $437,457 $765,550
2021 $14,785 $1,179,420 $428,880 $750,540
2019 $14,574 $1,144,440 $416,160 $728,280
2018 $14,211 $1,122,000 $408,000 $714,000
2016 $7,075 $560,224 $217,561 $342,663
2015 $6,798 $551,810 $214,294 $337,516
2014 $6,764 $541,002 $210,097 $330,905
Source: Public Records

Agents Affiliated with this Home

  • Charles Chang

    Seller's Agent in 2022

    Charles Chang

    CMC Realty & Lending

    (562) 843-8284

    4 in this area

    29 Total Sales

    Charles Chang
    Section Image
  • Rob Jansen

    Buyer's Agent in 2022

    Rob Jansen

    Jansen Team Real Estate

    (714) 914-4996

    1 in this area

    26 Total Sales

    Rob Jansen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21226391

California Regional Multiple Listing Service (CRMLS)

APN: 7275-007-022

California Los Angeles County Long Beach 90802 North Alamitos Beach

1529 E Florida St, Long Beach, CA

Not Listed for Sale

MultiFamily

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