NOT LISTED FOR SALE

1619 Atlantic Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $790,315

4 Beds
4 Baths
1,672 Sq Ft
$473/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $736,000 $440 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,986/month

23 Days on Market

Highlights

  • Gated Parking
  • Long Beach Polytechnic High School Rated A
  • 5-minute walk to Peace Park

About This Home

As of November 2023

Major Fixer! Exceptional multifamily investment opportunity situated in Long Beach. Encompassing a generous 6,363 square foot lot, this property features a 4-unit building totaling 1,672 square feet, comprising (4) 1-bedroom and 1-bathroom units. The two ground floor units are not habitable in their current conditions. Located just moments south of Pacific Coast Highway and conveniently near the 710 freeway, this property offers effortless access to diverse destinations, making it an ideal choice for both tenants and investors. The rear portion of the property offers substantial space for a creative investor to enhance its value. Explore the harmonious blend of location, opportunity, and potential in this investment gem. Trust Sale, no court confirmation required.

Last Agent to Sell the Property

Nancy Sanborn

Berkshire Hathaway HomeServices California Properties License #00771096 Listed on: 10/04/2023

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Brian Joy

Berkshire Hathaway HomeServices California Properties License #01324371

Last Buyer's Agent

Cassandra Reyes

Berkshire Hathaway HomeServices California Properties License #01906006

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,363 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 1,672 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Gated Parking
  • Uncovered Parking
  • Unassigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-033-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 1672
  • Lot Acreage: 0.1461
  • Probate: Yes
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 248.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated, Unassigned, Uncovered, Parking Space

Lot Info

  • Assessed Improvement Percent: 45.09
  • Assessed Improvement Value: 26537
  • Assessed Land Percent: 54.91
  • Assessed Land Value: 32318
  • Total Assessed Value: 58855
  • Assessor Parcel Number: 7269-033-017
  • Lot Size Area: 6363

Rental Info

  • Court Approve: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.10
  • Number Of Units: 4
  • Type Of Units: Quadraplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Oct 30, 2023
Sold by
Ebenezer And Wynona Bush Living Trust
Bought by
Becerra Ismael and Becerra Alejandro
Seller's Agent
Nancy Sanborn
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cassandra Reyes
Berkshire Hathaway HomeServices California Properties
List Price
$415,000
Sold Price
$736,000
Premium/Discount to List
$321,000
77.35%
Views
1181
Current Estimated Value
$790,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,315
Avg. Annual Appreciation
3.47%

Purchase Details

Closed on
Apr 10, 1997
Sold by
Bush Ebenezer
Bought by
Bush Ebenezer and Bush Wynona J
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
Becerra Ismael $736,000 California Title
Bush Ebenezer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2023 11/16/23 Sold $736,000 +77.3% $440 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $415,000 -- $248 / Sq Ft
Source: The MLS

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 $10,278 $750,720 $535,500 $215,220
2024 $10,278 $736,000 $525,000 $211,000
2023 $1,861 $60,031 $32,964 $27,067
2022 $1,776 $58,855 $32,318 $26,537
2021 $1,714 $57,702 $31,685 $26,017
2019 $1,691 $55,994 $30,747 $25,247
2018 $1,519 $54,897 $30,145 $24,752
2016 $1,417 $52,767 $28,975 $23,792
2015 $1,380 $51,975 $28,540 $23,435
2014 $1,374 $50,957 $27,981 $22,976
Source: Public Records

Agents Affiliated with this Home

  • Nancy Sanborn

    Seller's Agent in 2023

    Nancy Sanborn

    Berkshire Hathaway HomeServices California Properties

    (310) 777-7800

    2 in this area

    220 Total Sales

    Nancy Sanborn
    Section Image
  • Brian Joy

    Seller Co-Listing Agent in 2023

    Brian Joy

    Berkshire Hathaway HomeServices California Properties

    (818) 590-7303

    2 in this area

    205 Total Sales

    Brian Joy
    Section Image
  • Cassandra Reyes

    Buyer's Agent in 2023

    Cassandra Reyes

    Berkshire Hathaway HomeServices California Properties

    (310) 993-4545

    1 in this area

    24 Total Sales

    Cassandra Reyes
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-317537

The MLS

APN: 7269-033-017

California Los Angeles County Long Beach 90813 Central

1619 Atlantic Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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