NOT LISTED FOR SALE

1551 Elm Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,287,000 - $1,481,000

7 Beds
5 Baths
3,719 Sq Ft
$371/Sq Ft Est. Value

Last Sold June 18, 2012

Last sale price $445,000 $120 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $7,756/month

235 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Bonus Room
  • Workshop

About This Home

As of June 2012

You're Lucky if you get 7 CAP in this Area!!! Priced Way Below Market!! Total of 5 Units *Building is Approx. 3,800 Sq. Ft. (Not Including the 5 Car Garage and laundry Room) * 3 Separate Buildings * Main House in Front Offers 3 Bedroom and 1 Bathroom Approx. 1,500 Sq. Ft. Living Space with Living Room, Dining Room, Spacious Kitchen, Fireplace, Basement, Front yard and backyard * The Rest Are all 1 Bedroom and 1 Bathroom. Each Unit is about 600 Sq. Ft. Offering great Living Space, with Spacious Kitchen and Living Room. All Units Have Their Own Private Garage * 2 Coin Operating Laundry in its own Private Room with Lock * Gross Income $4,200 a Month! All Units Are Renovated with Paint, Carpet Etc.

Last Agent to Sell the Property

Raz Zadorian

Rockwell Properties License #01350028 Listed on: 10/27/2011

Last Buyer's Agent

PFNon-Member Default

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,497 Sq Ft Lot
  • Landscaped
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Craftsman Architecture
  • Property Attached

Interior Spaces

  • 7 Bedrooms
  • 3,719 Sq Ft Home
  • Family Room with Fireplace
  • Bonus Room
  • Workshop
  • Fire and Smoke Detector
  • Laundry Room

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Patio
  • Porch

Utilities

  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 7269023013

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Operating Expense $12,600
  • Net Operating Income $37,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

7,497 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7269023013
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Fireplace Features: Family Room
  • Price Per Square Foot: 119.66
  • Room Type: Bonus Room, Workshop

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 7497.00
  • Lot Size Acres: 0.1721

Multi Family

  • Average1 Bed Area: 600
  • Average3 Bed Area: 1500
  • Gross Scheduled Income: 50400.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7497.0000 Square Feet
  • Net Operating Income: 37800.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 5
  • Number With Patio: 2
  • Operating Expense: 12600.00
  • Operating Expense Percent: 25.00
  • Total Expenses: 12600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2025
Sold by
Thao Limtin and So Sokmesa
Bought by
So Thao Trust and Thao
Current Estimated Value
$1,379,000

Purchase Details

Closed on
May 14, 2019
Sold by
So Sokmesa
Bought by
Thao Limtin and So Sokmesa

Purchase Details

Listed on
Oct 27, 2011
Closed on
May 30, 2012
Sold by
Thao Limtin
Bought by
So Sokmesa
Seller's Agent
Raz Zadorian
Rockwell Properties
Buyer's Agent
PFNon-Member Default
NON MEMBER
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%

Purchase Details

Listed on
Oct 27, 2011
Closed on
May 23, 2012
Sold by
Family Mortgage Options Llc
Bought by
So Sokmesa
Seller's Agent
Raz Zadorian
Rockwell Properties
Buyer's Agent
PFNon-Member Default
NON MEMBER
Sold Price
$445,000

Purchase Details

Closed on
Dec 31, 2011
Sold by
Joint Equity Holdings Llc
Bought by
Family Mortgage Options Llc and Family Foreclosure Rescue

Purchase Details

Closed on
Sep 27, 2011
Sold by
Mcgaughran Lorriane Marie and Marie T Buskirk Revocable Trus
Bought by
Joint Equity Holdings Llc

Purchase Details

Closed on
Sep 2, 2011
Sold by
Mcgaughran Lorraine Marie and Mcgaughran Lorraine M
Bought by
Joint Equity Holdings Llc

Purchase Details

Closed on
Sep 12, 2007
Sold by
Mcgaughran Lorraine Marie
Bought by
Buskirk Gosnel Mcgaughran Lorraine Marie and 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
$275,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

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
Not Available
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
So Thao Trust -- None Listed On Document
Thao Limtin -- None Available
So Sokmesa -- Advantage Title 365
So Sokmesa $448,000 Advantage Title 365
Family Mortgage Options Llc $60,500 None Available
Joint Equity Holdings Llc -- Accommodation
Joint Equity Holdings Llc -- None Available
Buskirk Gosnel Mcgaughran Lorraine Marie -- Accommodation
Mcgaughran Lorraine Marie -- Financial Title Company
Buskirk Marie T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgaughran Lorraine Marie $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2012 06/18/12 Sold $445,000 -- $120 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
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 $7,824 $562,699 $314,008 $248,691
2024 $7,824 $551,666 $307,851 $243,815
2023 $7,690 $540,850 $301,815 $239,035
2022 $7,240 $530,247 $295,898 $234,349
2021 $7,077 $519,851 $290,097 $229,754
2020 $7,057 $514,942 $287,123 $227,819
2019 $6,977 $504,855 $281,494 $223,361
2018 $6,688 $494,965 $275,975 $218,990
2016 $6,143 $475,343 $265,259 $210,084
2015 $5,907 $468,204 $261,275 $206,929
2014 $5,884 $459,033 $256,157 $202,876
Source: Public Records

Agents Affiliated with this Home

  • Raz Zadorian

    Seller's Agent in 2012

    Raz Zadorian

    Rockwell Properties

    (818) 482-0848

    49 Total Sales

    Raz Zadorian
    Section Image

  • P

    Buyer's Agent in 2012

    PFNon-Member Default

    NON MEMBER

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 12158010

California Regional Multiple Listing Service (CRMLS)

APN: 7269-023-013

California Los Angeles County Long Beach 90813 Central

1551 Elm Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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