NOT LISTED FOR SALE

1615 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,078,000 - $1,643,000

2 Beds
3 Baths
2,100 Sq Ft
$637/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $1,175,000 $560 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,424/month

Highlights

  • 0.08 Acre Lot
  • Laundry Room
  • Front Yard
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2021

Four units in Alamitos Beach. SOLD DURING PROCESSING.

Last Agent to Sell the Property

Natasha Schultheis

Coldwell Banker Realty License #01277420 Listed on: 05/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Natasha Schultheis

Coldwell Banker Realty License #01277420 Listed on: 05/13/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 3,698 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • 2,100 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 7 / 92
  • Assessor Parcel Number 7265013030

Community Details

Overview

  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,345
  • Water Sewer Expense $1,200
  • New Taxes Expense $14,687
  • Operating Expense $17,232
  • Gross Income $66,900
  • Net Operating Income $49,668

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7265013030
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 559.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 3698.00
  • Lot Size Acres: 0.0849

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average Studio Area: 400 Square Feet
  • Gross Income: 66900.00
  • Gross Scheduled Income: 66900.00
  • Insurance Expense: 1345.00
  • Lot Size Area: 3698.0000 Square Feet
  • Net Operating Income: 49668.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17232.00
  • Rent Control: Yes
  • Total Expenses: 17232.00

Tax Info

  • New Taxes Expense: 14687.00
  • Tax Block: 92
  • Tax Census Tract: 5766.02
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2017
Sold by
Golden David B
Bought by
1615 E 2Nd St Llc
Current Estimated Value
$1,338,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2017
Closed on
Aug 24, 2017
Sold by
Golden David B
Bought by
Golden David and Golden Sheila
Seller's Agent
AJ Nay
Maverick Apartment Investments
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$442,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2017
Closed on
Jun 6, 2017
Sold by
Vironda James Louis
Bought by
Golden David B and Golden Sheila S
Seller's Agent
AJ Nay
Maverick Apartment Investments
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
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
1615 E 2Nd St Llc -- None Available
Golden David -- Multiple
Golden David B $885,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Golden David $442,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2021 05/14/21 Sold $1,175,000 0.0% $560 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $1,175,000 +32.8% $560 / Sq Ft
06/28/2017 06/28/17 Sold $885,000 -1.1% $412 / Sq Ft View Prior Sale
06/01/2017 06/01/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $895,000 0.0% $417 / Sq Ft
05/12/2017 05/12/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $895,000 -- $417 / 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 $16,951 $1,271,855 $893,005 $378,850
2024 $16,213 $1,246,918 $875,496 $371,422
2023 $15,938 $1,222,470 $858,330 $364,140
2022 $14,955 $1,198,500 $841,500 $357,000
2021 $11,967 $948,897 $643,320 $305,577
2020 $11,937 $939,708 $636,724 $302,984
2019 $11,796 $921,294 $624,240 $297,054
2018 $11,493 $903,240 $612,000 $291,240
2016 $3,699 $272,515 $72,990 $199,525
2015 $3,561 $268,422 $71,894 $196,528
2014 $3,556 $263,165 $70,486 $192,679
Source: Public Records

Agents Affiliated with this Home

  • Natasha Schultheis

    Seller's Agent in 2021

    Natasha Schultheis

    Coldwell Banker Realty

    (562) 438-0910

    2 in this area

    52 Total Sales

    Natasha Schultheis
    Section Image

  • A

    Seller's Agent in 2017

    AJ Nay

    Maverick Apartment Investments

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21101898

California Regional Multiple Listing Service (CRMLS)

APN: 7265-013-030

California Los Angeles County Long Beach 90802 Alamitos Beach

1615 E 2nd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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