NOT LISTED FOR SALE

1612 E Appleton St Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,419,968 - $1,840,000

4 Beds
4 Baths
3,180 Sq Ft
$505/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $505,000 $159 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $9,772/month

1 Day on Market

Highlights

  • 0.09 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Crown Molding
  • Floor Furnace

About This Home

As of September 2012

4 Units just Blocks from the Beach! Lots of Charm and Character. Each Unit has it's own access to a shared Enclosed Backyard with Grassy Area, Patio Area and Coin Laundry. Units also Feature Wood Floors, Breakfast Nooks, Faux Fireplaces, and Built In Bookcases. Two Units have Bonus Office Areas and Balcony. Great Investment Opportunity. Close Proximity to many desirable amenities. Must See, Won't Last!

Last Agent to Sell the Property

Michelle Tripodi

Keller Williams R. E. Services License #01380258 Listed on: 07/17/2012

Keller Williams R. E. Services

Last Buyer's Agent

Juan Carlos Argueta

Engel & Völkers Burbank License #01467906

Engel & Völkers Burbank

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,136 Sq Ft Lot

Home Design

  • Property Attached

Interior Spaces

  • 4 Bedrooms
  • 3,180 Sq Ft Home
  • Crown Molding
  • Laundry Room

Utilities

  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 7 / 103
  • Assessor Parcel Number 7275012007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $80
  • Professional Management Expense $251
  • Water Sewer Expense $200
  • Operating Expense $6,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 251.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 7275012007
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding
  • Appliances: Yes
  • Price Per Square Foot: 158.81

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 4136.00
  • Lot Size Acres: 0.0949

Multi Family

  • Gross Scheduled Income: 50280.00
  • Laundry Income: 21.00
  • Lot Size Area: 4136.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Total Expenses: 6372.00

Tax Info

  • Tax Block: 103
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2019
Sold by
Lo Stephen I Lo and Lo Fong Mei Lo
Bought by
Weber Charles E and Weber Catherine A
Current Estimated Value
$1,606,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,750
Outstanding Balance
$765,449
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$841,293

Purchase Details

Closed on
May 24, 2019
Sold by
Lo Stephen I and Lo Fong Mei Chan
Bought by
Lo Stephen and Lo Fong Mei

Purchase Details

Listed on
Jul 17, 2012
Closed on
Jul 23, 2012
Sold by
Flynn John T
Bought by
Lo Stephen I and Lo Fong Mei Chan
Seller's Agent
Michelle Tripodi
Keller Williams R. E. Services
Buyer's Agent
Juan Carlos Argueta
Engel & Völkers Burbank
Sold Price
$505,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
Original Mortgage
$378,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2005
Sold by
Flynn Elida O
Bought by
Flynn John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,150
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2004
Sold by
Barber Michael
Bought by
Flynn John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,150
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2004
Sold by
Richman Leon H and Richman Diana L
Bought by
Barber Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,200
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
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
Weber Charles E $1,160,000 Stewart Title Of Ca Inc
Lo Stephen -- None Available
Lo Stephen I $505,000 Priority Title Company
Flynn John T -- Lawyers Title
Flynn John T $725,000 Lawyers Title
Barber Michael $649,000 Fidelity National Title Co L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weber Charles E $873,750
Previous Owner Lo Stephen I $378,750
Previous Owner Flynn John T $578,150
Previous Owner Barber Michael $519,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2012 09/14/12 Sold $505,000 0.0% $159 / Sq Ft
08/06/2012 08/06/12 Under Contract -- -- --
07/18/2012 07/18/12 Pending -- -- --
07/16/2012 07/16/12 For Rent $1,045 0.0% --
07/16/2012 07/16/12 Rented $1,045 -- --
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 $16,242 $1,268,624 $437,456 $831,168
2024 $16,242 $1,243,750 $428,879 $814,871
2023 $15,968 $1,219,364 $420,470 $798,894
2022 $14,985 $1,195,456 $412,226 $783,230
2021 $14,684 $1,172,017 $404,144 $767,873
2019 $7,459 $557,928 $220,780 $337,148
2018 $7,255 $546,998 $216,451 $330,547
2016 $6,669 $525,317 $208,047 $317,270
2015 $6,409 $517,427 $204,922 $312,505
2014 $6,379 $507,292 $200,908 $306,384
Source: Public Records

Agents Affiliated with this Home

  • Michelle Tripodi

    Seller's Agent in 2012

    Michelle Tripodi

    Keller Williams R. E. Services

    (818) 388-6992

    21 Total Sales

    Michelle Tripodi
    Section Image

  • D

    Seller's Agent in 2012

    Debra Guerrero

    Spurr & Associates Inc

    Section Image

  • J

    Buyer's Agent in 2012

    Juan Carlos Argueta

    Engel & Völkers Burbank

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 12165898

California Regional Multiple Listing Service (CRMLS)

APN: 7275-012-007

California Los Angeles County Long Beach 90802 Alamitos Beach

1612 E Appleton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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