Seller's Agent in 2024
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
4 in this area
95 Total Sales
1600 Stanley Ave Long Beach, CA 90804
Zaferia NeighborhoodEstimated Value: $1,043,935 - $1,331,000
8
Beds
4
Baths
3,584
Sq Ft
$325/Sq Ft
Est. Value
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Rectangular Lot
About This Home
As of June 2024We are pleased to present this great Value Add opportunity located at 1600 Stanley Ave in Long Beach. This 4 unit apartment building consists of (4) 2-Bedroom, 1-Bathroom townhome style units that are roughly 900 sqft for each. Built in 1971, there is a total of 3,584 sqft of livable space, situated on a large 6,610 sqft lot. Tenants pay their own electricity and gas, which are separately metered for each unit. property has a back parking lot that offers 6 parking spots as well as tandem parking spaces. All units are long term tenants that are month to month. Possibility to build (2) detach ADU 1,200 Sqft each on this property – Buyer to verify. With over 100% in rental income upside, this is a perfect opportunity for a value-add investor.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01981597 Listed on: 04/26/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01944770
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 6,610 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,584 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 1
- Assessor Parcel Number 7260011037
- $924 per year additional tax assessments
Community Details
Overview
- 4 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $1,200
- Insurance Expense $4,301
- Maintenance Expense $2,021
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $11,875
- Operating Expense $22,997
- Gross Income $49,004
- Net Operating Income $26,008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 26, 2024
Closed on
May 24, 2024
Sold by
Clark Family Trust and Du Ket Lisa
Bought by
Huerta Devillagrana Elizabeth and Huerta Maximiliano Villagrana
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
List Price
$950,000
Sold Price
$1,035,000
Premium/Discount to List
$85,000
8.95%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,234
Avg. Annual Appreciation
7.74%
Original Mortgage
$724,500
Outstanding Balance
$714,759
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$450,475
Purchase Details
Closed on
Feb 10, 2023
Sold by
Clark Family Trust
Bought by
Clark Family Trust
Purchase Details
Closed on
Feb 12, 2002
Sold by
Clark William R and Clark Virginia L
Bought by
Clark William R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
7.04%
Purchase Details
Closed on
Jan 25, 2002
Sold by
Clark William R and Clark Virginia L
Bought by
Clark William R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
7.04%
Purchase Details
Closed on
Jan 31, 1996
Sold by
Clark Virginia L
Bought by
Clark William R and Clark Virginia L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huerta Devillagrana Elizabeth | $1,035,000 | First American Title Company | |
| Clark Family Trust | -- | -- | |
| Clark William R | -- | -- | |
| Clark William R | -- | American Title Co | |
| Clark William R | -- | -- | |
| Clark William R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huerta Devillagrana Elizabeth | $724,500 | |
| Previous Owner | Clark William R | $194,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2024 06/05/24 | Sold | $1,035,000 | +8.9% | $289 / Sq Ft |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- |
| 04/26/2024 04/26/24 | For Sale | $950,000 | -- | $265 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,608 | $1,055,700 | $408,000 | $647,700 |
| 2024 | $14,608 | $1,101,600 | $642,600 | $459,000 |
| 2023 | $7,432 | $523,053 | $209,220 | $313,833 |
| 2022 | $6,996 | $512,798 | $205,118 | $307,680 |
| 2021 | $6,838 | $502,745 | $201,097 | $301,648 |
| 2019 | $6,741 | $487,834 | $195,133 | $292,701 |
| 2018 | $6,471 | $478,269 | $191,307 | $286,962 |
| 2016 | $5,944 | $459,699 | $183,879 | $275,820 |
| 2015 | $5,715 | $452,794 | $181,117 | $271,677 |
| 2014 | $5,693 | $443,926 | $177,570 | $266,356 |
Source: Public Records
Agents Affiliated with this Home
-
Johnnie Stiegler
-
Stephen Takahashi
Seller Co-Listing Agent in 2024
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
5 in this area
100 Total Sales
-
John 'Jack' McCann
Buyer's Agent in 2024
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24082999
APN: 7260-011-037
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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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