NOT LISTED FOR SALE

1600 E 7th St Long Beach, CA 90813

North Alamitos Beach Neighborhood

Estimated Value: $697,000 - $1,359,131

8 Beds
4 Baths
3,456 Sq Ft
$336/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $719,000 $208 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,029/month

9 Days on Market

Highlights

  • Built-In Features
  • Laundry Room
  • Carpet
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of June 2016

Fantastic opportunity to buy a fourplex in a prime rental area! These are large two bedroom units with great layouts, ample storage, loads of charm AND washer/dryer hook ups. Close proximity to bus lines, shopping and entertainment make them easy to rent. The building has been well maintained and has great curb appeal. Room to raise rents!

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 04/20/2016

Last Buyer's Agent

Peter Li

IDEAL REALTY License #01916977

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,167

Year Built

  • Built in 1919

Lot Details

  • 3,297 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Carpet
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 5765
  • Assessor Parcel Number 7266022016

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,435

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,167

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 7266022016
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Price Per Square Foot: 208.04

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3297.00
  • Price Per Lot Square Foot: 218.08

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 864
  • Gross Income: 4435.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Taxes Percent: 1.25
  • Tax Lot: 1
  • Tax Tract Number: 5765.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2017
Sold by
Kilic Metin Idris
Bought by
Dear Housing Llc
Current Estimated Value
$1,162,783

Purchase Details

Listed on
Apr 20, 2016
Closed on
May 9, 2016
Sold by
Fullman Donald G
Bought by
Kilic Metin Idris and Cerci Asiye
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Peter Li
IDEAL REALTY
List Price
$719,000
Sold Price
$719,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$539,250
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2004
Sold by
Dobson Jeffrey W
Bought by
Fullman Donald G and Fullman April H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2001
Sold by
Californias Assn Of Minority Contractors
Bought by
Ralph & Bette Garren Estate Planning Tr

Purchase Details

Closed on
May 8, 2000
Sold by
Hud
Bought by
Californias Assn Of Minority Contractors

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
8.15%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 1, 2000
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Nov 19, 1999
Sold by
Angarica Robert
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Feb 26, 1998
Sold by
Sylmar Capital Management Llc
Bought by
Angarica Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,266
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 1998
Sold by
Dwyer Edward And Violette Trs
Bought by
Sylmar Capital Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,266
Interest Rate
6.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Dear Housing Llc -- Accommodation
Kilic Metin Idris $719,000 First American Title Company
Fullman Donald G $590,000 Landamerica Commonwealth Tit
Ralph & Bette Garren Estate Planning Tr $204,570 Benefit Land Title Ins Co
Californias Assn Of Minority Contractors $177,000 Provident Title
Hud -- First American Title Ins Co
Countrywide Home Loans Inc $331,241 Benefit Land Title Ins Co
Angarica Robert $327,000 Benefit Land Title
Sylmar Capital Management Llc $155,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kilic Metin Idris $539,250
Previous Owner Fullman Donald G $472,000
Previous Owner Californias Assn Of Minority Contractors $186,000
Previous Owner Angarica Robert $312,266
Previous Owner Sylmar Capital Management Llc $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2016 06/16/16 Sold $719,000 0.0% $208 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $719,000 -- $208 / 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 $11,167 $851,143 $591,896 $259,247
2024 $11,167 $834,455 $580,291 $254,164
2023 $10,975 $818,094 $568,913 $249,181
2022 $10,308 $802,054 $557,758 $244,296
2021 $10,089 $786,328 $546,822 $239,506
2020 $10,062 $778,267 $541,216 $237,051
2019 $9,944 $763,007 $530,604 $232,403
2018 $9,691 $748,047 $520,200 $227,847
2016 $7,878 $630,000 $279,600 $350,400
2015 $7,337 $600,000 $266,300 $333,700
2014 $6,863 $550,000 $244,100 $305,900
Source: Public Records

Agents Affiliated with this Home

  • Lorri Quiett

    Seller's Agent in 2016

    Lorri Quiett

    Vylla Home, Inc.

    (562) 682-3130

    7 in this area

    135 Total Sales

    Lorri Quiett
    Section Image

  • P

    Buyer's Agent in 2016

    Peter Li

    IDEAL REALTY

    (714) 293-1576

    19 Total Sales

    Peter Li
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16082433

California Regional Multiple Listing Service (CRMLS)

APN: 7266-022-016

California Los Angeles County Long Beach 90802 North Alamitos Beach

1600 E 7th St, Long Beach, CA

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