NOT LISTED FOR SALE

1549 Pacific Ave Long Beach, CA 90813

Washington School Neighborhood

Estimated Value: $1,008,039 - $1,130,000

6 Beds
5 Baths
2,886 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $552,000 $191 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,291/month

46 Days on Market

About This Home

As of November 2014

Well-Maintained 4-Unit Apartment at the Center of Long Beach;Best Investment You Can Find. Units Include 1-2Bed/2Bath Single Family House, 2-1Bed/1Bath Units, and 1-2Bed/1Bath Unit. Total Rental Income $4,050/month. Front House Updated & Retrofitted. Great Investment. Corner Lot. Great Curb Appeal. Convenient Location to 710 Frwy & PCH; Close to Supermarket, School, Restaurants; Good Neighborhood; Walking Distance to Bus Stops; Gated Complex with Added Security, Private Parking Spaces; On-Site Laundry Room; Laundry Equipment Owned for Added Income (~$100/month); New Steel Stairway. Fenced Yard with Lawn. Property Sold As-Is & Where-Is with No Repair or Termite. Drive-By Only.

Last Agent to Sell the Property

Herbert Hwang

ILLUMINANT PROPERTIES License #01422491 Listed on: 09/11/2014

Last Buyer's Agent

Marcos Ramirez

Keller Williams Pacific Estate License #01339740

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 7,569 Sq Ft Lot
  • Lot Dimensions are 50'x150'
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 2,886 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 9111
  • Assessor Parcel Number 7269002024

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Trash Expense $300
  • Water Sewer Expense $720
  • New Taxes Expense $6,000
  • Gross Income $4,150
  • Net Operating Income $39,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

7,569 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Pacific Shores (PCS)
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7269002024
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 191.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size: 50'x150'
  • Lot Size Sq Ft: 7569.00
  • Lot Size Acres: 0.1740

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 4150.00
  • Gross Scheduled Income: 49800.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7569.0000 Square Feet
  • Net Operating Income: 39400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10400.00
  • Rent Control: No
  • Total Actual Rent: 4000.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 3
  • Tax Tract Number: 9111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2014
Closed on
Oct 6, 2014
Sold by
Wang Wan Miao L and Wang An Hsiung
Bought by
Chan Mom
Seller's Agent
Herbert Hwang
ILLUMINANT PROPERTIES
Buyer's Agent
Marcos Ramirez
Keller Williams Pacific Estate
List Price
$548,000
Sold Price
$552,000
Premium/Discount to List
$4,000
0.73%
Current Estimated Value
$1,053,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,510
Avg. Annual Appreciation
5.85%
Original Mortgage
$414,000
Outstanding Balance
$318,090
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$735,420

Purchase Details

Closed on
Nov 5, 2013
Sold by
Wang Wan Miao Lee
Bought by
Wang Wan Miao L and Wang An Hsiung

Purchase Details

Closed on
Aug 30, 2010
Sold by
Razo Manuel D and Razo Ana Maribel
Bought by
Wang Wanmiao Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2010
Sold by
Wang An Hsiung
Bought by
Wang Wanmiao Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2007
Sold by
Green Tony J
Bought by
Razo Manuel D and Razo Ana Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2002
Sold by
Kennedy David Michael
Bought by
Green Tony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,333
Interest Rate
6.51%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2000
Sold by
Belmonte Miguel
Bought by
Kennedy David Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,882
Interest Rate
7.86%

Purchase Details

Closed on
Sep 6, 2000
Sold by
Valenzuela Karin
Bought by
Belmonte Miguel

Purchase Details

Closed on
Jul 7, 2000
Sold by
Belmonte Susana E
Bought by
Belmonte Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.55%

Purchase Details

Closed on
Jun 1, 2000
Sold by
Hud
Bought by
Valenzuela Karin and Belmonte Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.55%

Purchase Details

Closed on
Apr 27, 1999
Sold by
Sanchez Beltran Rigoberto and Sanchez Beltran Reina
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jan 21, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Aug 7, 1997
Sold by
Sanchez Luis A
Bought by
Sanchez Beltran Rigoberto and Sanchez Beltran Reina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,205
Interest Rate
7.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 1997
Sold by
Southern Pacific Thrift & Loan Assoc
Bought by
Sanchez Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,205
Interest Rate
7.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 1997
Sold by
Steffien A T and Southern Pacific Thrift & Loan
Bought by
Southern Pacific Thrift & Loan Assn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.92%
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
Chan Mom $552,000 Title 365
Wang Wan Miao L -- None Available
Wang Wanmiao Lee $310,003 Pacific Coast Title Company
Wang Wanmiao Lee -- Pacific Coast Title Company
Razo Manuel D $674,000 First American Title Ins Co
Green Tony J $335,000 California Counties Title Co
Kennedy David Michael $259,000 Fidelity National Title Co
Belmonte Miguel -- Fidelity Title
Belmonte Miguel -- United Title Company
Valenzuela Karin $147,000 United Title Company
Countrywide Home Loans Inc $243,086 Landsafe Title
Hud -- Landsafe Title
Sanchez Beltran Rigoberto $240,000 Continental Lawyers Title Co
Sanchez Luis A $132,000 --
Sanchez Luis A -- --
Southern Pacific Thrift & Loan Assn $151,502 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Mom $414,000
Previous Owner Wang Wanmiao Lee $232,000
Previous Owner Wang Wanmiao Lee $232,000
Previous Owner Razo Manuel D $500,000
Previous Owner Green Tony J $330,333
Previous Owner Kennedy David Michael $256,882
Previous Owner Valenzuela Karin $175,000
Previous Owner Sanchez Beltran Rigoberto $231,205
Previous Owner Sanchez Luis A $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2014 11/14/14 Sold $552,000 +0.7% $191 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
09/11/2014 09/11/14 For Sale $548,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,992 $663,414 $240,367 $423,047
2024 $8,992 $650,406 $235,654 $414,752
2023 $8,838 $637,654 $231,034 $406,620
2022 $8,313 $625,152 $226,504 $398,648
2021 $8,135 $612,895 $222,063 $390,832
2019 $8,021 $594,719 $215,478 $379,241
2018 $7,703 $583,058 $211,253 $371,805
2016 $7,087 $560,418 $203,050 $357,368
2015 $6,810 $552,000 $200,000 $352,000
2014 $4,308 $323,987 $156,768 $167,219
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2014

    Herbert Hwang

    ILLUMINANT PROPERTIES

    (951) 468-5548

    24 Total Sales

    Herbert Hwang
    Section Image
  • Marcos Ramirez

    Buyer's Agent in 2014

    Marcos Ramirez

    Keller Williams Pacific Estate

    (562) 626-8601

    51 Total Sales

    Marcos Ramirez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14195884

California Regional Multiple Listing Service (CRMLS)

APN: 7269-002-024

California Los Angeles County Long Beach 90813 Washington School

1549 Pacific Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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