NOT LISTED FOR SALE

1541 Elm Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $981,000 - $1,219,000

5 Beds
4 Baths
2,702 Sq Ft
$408/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $760,000 $281 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,683/month

40 Days on Market

Highlights

  • Open Floorplan
  • Craftsman Architecture
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • Property is near public transit
  • Main Floor Primary Bedroom

About This Home

As of November 2018

Classic 1912 built 3 bedroom 1 1/2 bath California Craftsman style home with warmth and charm throughout in front home with two 1 bedroom income producing apartment units at the back of the lot. Front home has original archways, craftsman doorways and frames, pillars, brick fireplace, beautiful built in cabinetry, hardwood floors, tray ceiling, bay window in dining area, chair rail, and lots of character. Great “Value Add” investment opportunity or Live in the front home and earn with the two back apartment units, 4 garages, and laundry facility. Near Downtown and minutes to the Ocean and the Beach. Walk a couple blocks to Poly High School. Blue Line is only a block away. Great location near schools, parks, freeways, restaurants, stores, and entertainment.

Last Agent to Sell the Property

Kevin Boling

1st California Real Estate License #01080243 Listed on: 08/31/2018

Last Buyer's Agent

Eileen Rivera

GE Dean and Associates License #01208517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,692 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Privacy Fence
  • Vinyl Fence
  • Wood Fence
  • Fence is in good condition
  • Level Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Side Facing Garage
  • Driveway Level
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Craftsman Architecture
  • Bungalow
  • Turnkey
  • Brick Exterior Construction
  • Brick Foundation
  • Raised Foundation
  • Interior Block Wall
  • Shingle Roof
  • Partial Copper Plumbing
  • Concrete Perimeter Foundation
  • Plaster
  • Stucco

Interior Spaces

  • 2,702 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Drapes & Rods
  • Bay Window
  • Wood Frame Window
  • Casement Windows
  • Window Screens
  • Panel Doors
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Neighborhood Views
  • Attic

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Home Security System
  • Storm Windows
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Floor Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, sewer, trash collection, water
  • Tax Lot 7
  • Tax Tract Number 148
  • Assessor Parcel Number 7269023003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $450
  • Water Sewer Expense $750
  • New Taxes Expense $600
  • Operating Expense $3,200
  • Gross Income $3,600
  • Net Operating Income $9,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Fire and Smoke Detection System, Security System, Window Bars
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 750.00
  • Zoning: LBPD29
  • Architectural Style: Bungalow, Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7269023003
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls, Built-in Features, Ceiling Fan(s), Chair Railings, Coffered Ceiling(s), Copper Plumbing Partial, Crown Molding, Granite Counters, Open Floorplan, Tile Counters, Tray Ceiling(s), Wainscoting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits, No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Family Room, Living Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 281.27
  • Room Type: Attic, Entry, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet
  • Window Features: Bay Window(s), Casement Windows, Drapes, Screens, Storm Window(s), Wood Frames

Exterior Features

  • Foundation: Brick/Mortar, Concrete Perimeter, Raised
  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Good Condition, Privacy, Vinyl, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Block, Brick, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Asphalt, Driveway Level, Garage, Garage Faces Side, Off Street, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater Central
  • Electric: Standard
  • Heating Type: Floor Furnace, Fireplace(s)
  • Laundry Features: Community, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Level, Near Public Transit
  • Lot Size Sq Ft: 5692.00
  • Lot Size Acres: 0.1307

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 587 Square Feet
  • Average3 Bed Area: 1528 Square Feet
  • Garage Income: 3600.00
  • Gross Income: 3600.00
  • Gross Operating Income: 10260.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 480.00
  • Lot Size Area: 5692.0000 Square Feet
  • Maintenance Percent: 3.00
  • Net Operating Income: 9720.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Drapes: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 540.00
  • Operating Expense Percent: 5.00
  • Rent Control: No
  • Total Actual Rent: 950.00
  • Total Expenses: 3200.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 600.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 7
  • Tax Tract Number: 148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Schuchmann Jacob and Schuchmann Jacob W
Bought by
Schuchmann Jacob and Shah Gopi
Current Estimated Value
$1,102,335

Purchase Details

Closed on
Apr 9, 2024
Sold by
Schuchmann Jacob and Schuchmann Jacob W
Bought by
Schuchmann Jacob and Shah Gopi

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 11, 2018
Sold by
Mcgaughran Lorraine M
Bought by
Schuchmann Jacob W
Seller's Agent
Kevin Boling
1st California Real Estate
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$779,900
Sold Price
$760,000
Premium/Discount to List
-$19,900
-2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%
Original Mortgage
$608,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2014
Sold by
Mcgaughran Gregory
Bought by
Mcgaughran Lorraine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
2.9%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 29, 2013
Sold by
Buskirk Gosnell Mcguughran Lorraine Marie and The Marie T Buskirk Revocable
Bought by
Mcgaughran Lorraine M

Purchase Details

Closed on
Jan 14, 1999
Sold by
Buskirk Marie T
Bought by
Buskirk Marie T and Marie T Buskirk Revocable Trus
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
Schuchmann Jacob -- None Listed On Document
Schuchmann Jacob -- None Listed On Document
Schuchmann Jacob W $760,000 Chicago Title Company
Mcgaughran Lorraine M -- Chicago Title Insurance Co
Mcgaughran Lorraine M -- None Available
Buskirk Marie T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schuchmann Jacob W $608,000
Previous Owner Mcgaughran Lorraine M $742,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2018 11/16/18 Sold $760,000 -2.6% $281 / Sq Ft
10/10/2018 10/10/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $779,900 -- $289 / 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 $11,029 $847,790 $334,654 $513,136
2024 $11,029 $831,168 $328,093 $503,075
2023 $10,843 $814,871 $321,660 $493,211
2022 $10,185 $798,894 $315,353 $483,541
2021 $9,894 $783,230 $309,170 $474,060
2020 $9,867 $775,200 $306,000 $469,200
2019 $9,768 $760,000 $300,000 $460,000
2018 $1,161 $52,946 $26,473 $26,473
2016 $1,059 $50,892 $25,446 $25,446
2015 $1,029 $50,128 $25,064 $25,064
2014 $1,042 $49,148 $24,574 $24,574
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kevin Boling

    1st California Real Estate

    Section Image
  • Eileen Rivera

    Buyer's Agent in 2018

    Eileen Rivera

    GE Dean and Associates

    (562) 688-9809

    64 Total Sales

    Eileen Rivera
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18213758

California Regional Multiple Listing Service (CRMLS)

APN: 7269-023-003

California Los Angeles County Long Beach 90813 Central

1541 Elm Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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