Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
1577 Pine Ave Long Beach, CA 90813
Washington School Neighborhood
12
Beds
10
Baths
6,360
Sq Ft
7,405
Sq Ft Lot
Highlights
- No HOA
- 1 Car Garage
- Laundry Facilities
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2015This 10 unit apartment complex was built in 1955, and a significant renovation was completed in 2015. The renovations started with new exterior paint and landscaping, 5 new garage doors, and new outside lights throughout the property. The interiors also had significant renovations which included new carpet, paint, and completely updated kitchens with modern cabinetry, faucets and each unit comes equipped with a stovetop and refrigerator. The renovation also included plumbing, as well as the roof. This property consists of 6,360 rentable square feet and a lot size of 0.17 acres. There are eight one-bedroom/one-bath units, and two two-bedroom/one-bath units. There is an on-site laundry room for tenant’s convenience, and private gated entrances. The property is separately metered for gas and electricity, which keeps the expenses to a minimum. This is a great opportunity for an investment property located in a great rental market.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 10/19/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 6,360 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 007
- Tax Tract Number 7
- Assessor Parcel Number 7269007007
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $408
- Gardener Expense $720
- Insurance Expense $1,800
- Maintenance Expense $7,500
- Pest Control $720
- Professional Management Expense $8,316
- Trash Expense $1,476
- Water Sewer Expense $4,942
- New Taxes Expense $19,800
- Gross Income $11,550
- Net Operating Income $87,524
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
Oct 19, 2015
Closed on
Dec 7, 2015
Sold by
Jorgensen Keith
Bought by
Seller's Agent
Mark Bridge
Mark Bridge, Broker
Buyer's Agent
Mark Bridge
Mark Bridge, Broker
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
May 12, 2015
Sold by
West Ridge Rental Llc
Bought by
Jorgensen Keith and Jorgensen Kini
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2014
Sold by
Mid Cal Realty Services Inc
Bought by
West Ridge Rentals Llc
Purchase Details
Closed on
Aug 11, 2014
Sold by
Curameng Norma Ophelia
Bought by
Mid Cal Realty Services Inc
Purchase Details
Closed on
Feb 15, 2005
Sold by
Haroun Maher
Bought by
Curameng Norma Ophelia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$783,000
Interest Rate
5.56%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 26, 2004
Sold by
Yassa Anat S
Bought by
Yassa Ehab M
Purchase Details
Closed on
Mar 25, 2004
Sold by
Habib Samiha
Bought by
Haroun Maher
Purchase Details
Closed on
Dec 12, 2003
Sold by
Frankenfield Virginia S
Bought by
Haroun Maher and Yassa Ehab M
Purchase Details
Closed on
Apr 28, 1999
Sold by
Frankenfield Carlyle
Bought by
Frankenfield Carlyle B and Frankenfield Virginia S
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Teriann McKenna
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
151 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
144 Total Sales
2 in Washington School
$275K - $283K Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Washington School
$1,150,000 Price
-
Dennis Fulmore
Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
19 Total Sales
1 in Washington School
$610,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
121 Total Sales
1 in Washington School
$505,000 Price
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 |
|---|---|---|---|
| $1,600,000 | Orange Coast Title | ||
| Jorgensen Keith | $1,000,000 | Ratic | |
| West Ridge Rentals Llc | -- | Accommodation | |
| Mid Cal Realty Services Inc | $895,500 | Accommodation | |
| Curameng Norma Ophelia | $1,045,000 | First Southwestern Title Co | |
| Yassa Ehab M | -- | First Southwestern Title Co | |
| Haroun Maher | -- | First Southwestern Title Co | |
| Haroun Maher | $812,000 | First Southwestern Title Co | |
| Frankenfield Carlyle B | -- | -- |
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 | $1,540,000 | ||
| Closed | 1577 Pine Avenue Llc | $1,160,000 | |
| Previous Owner | Jorgensen Keith | $550,000 | |
| Previous Owner | West Ridge Rentals Llc | $730,000 | |
| Previous Owner | West Ridge Rentals Llc | $99,250 | |
| Previous Owner | Curameng Norma Ophelia | $250,000 | |
| Previous Owner | Curameng Norma Ophelia | $783,000 |
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 |
|---|---|---|---|---|
| 12/30/2015 12/30/15 | Sold | $1,600,000 | -3.0% | $252 / Sq Ft |
| 11/02/2015 11/02/15 | Pending | -- | -- | -- |
| 10/19/2015 10/19/15 | For Sale | $1,650,000 | -- | $259 / 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 | $1,533 | $36,052 | ||
| 2024 | $1,511 | $40,790 | ||
| 2023 | $1,536 | $31,812 | $3,668 | $28,144 |
| 2022 | $1,511 | $22,966 | $3,668 | $19,298 |
| 2021 | $1,680 | $20,828 | $0 | $0 |
| 2020 | $1,512 | $20,722 | $0 | $0 |
| 2019 | $1,514 | $16,774 | $0 | $0 |
| 2018 | $1,449 | $15,240 | $0 | $0 |
| 2017 | $1,362 | $15,414 | $0 | $0 |
| 2016 | $1,382 | $14,726 | $1,800 | $12,926 |
| 2014 | -- | $11,095 | $1,000 | $10,095 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Bridge
Seller's Agent in 2015
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC15228765
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.
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
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