NOT LISTED FOR SALE

1621 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,444,000 - $1,815,000

6 Beds
4 Baths
3,142 Sq Ft
$503/Sq Ft Est. Value

Last Sold February 22, 2012

Last sale price $530,000 $169 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $9,058/month

29 Days on Market

Highlights

  • 0.09 Acre Lot
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Long Beach Polytechnic High School Rated A

About This Home

As of February 2012

Excellent price for this 4 unit rental in the Alamitos Beach area of Long Beach, CA. Units are as follows: 1 = 1 BD, 2 = 2 BD, 1 = 3 BD. Great cash flow and well maintained property. Priced to sell!

Last Agent to Sell the Property

David Haub

CalTerra Partners License #01370686 Listed on: 05/31/2011

Last Buyer's Agent

Justin Carskadon

California Real Estate Company License #01881513

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 3,746 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 3,142 Sq Ft Home
  • Stone Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 8 / 103
  • Assessor Parcel Number 7275012010

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,500
  • Pest Control $480
  • Water Sewer Expense $1,800
  • Gross Income $4,450

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • View: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 7275012010
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 168.68

Exterior Features

  • Pool Private: No
  • Roof: Stone
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 480.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3746.00
  • Lot Size Acres: 0.0860

Multi Family

  • Gross Income: 4450.00
  • Gross Multiplier: 116.85
  • Gross Scheduled Income: 4450.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3746.0000 Square Feet
  • Number Of Units Total: 4
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Refrigerator: 1
  • Operating Expense Percent: 5.00

Tax Info

  • Tax Block: 103
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2011
Closed on
Jan 20, 2012
Sold by
Hasan Afshan
Bought by
Hasan Qamar
Seller's Agent
David Haub
CalTerra Partners
Buyer's Agent
Justin Carskadon
California Real Estate Company
List Price
$520,000
Sold Price
$530,000
Premium/Discount to List
$10,000
1.92%
Current Estimated Value
$1,580,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,050,333
Avg. Annual Appreciation
8.21%
Original Mortgage
$492,800
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2011
Sold by
Vasquez Gerald
Bought by
Hasan Qamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,800
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2006
Sold by
Brannon Donald H and Brannon Laurie Jean
Bought by
Vasquez Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,300
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Shea Kathryn N and Kathryn N Shea Trust
Bought by
Brannon Donald H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2004
Sold by
Shea Kathryn N and Trust Of Kathryn N Shea
Bought by
Shea Kathryn N and Kathryn N Shea Trust

Purchase Details

Closed on
Jan 25, 1996
Sold by
Shea Kathryn N and Brunstetter Kathryn N
Bought by
Shea Kathryn N and Trust Of Kathryn N Shea
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
Hasan Qamar -- Lawyers Title
Hasan Qamar $530,000 Lawyers Title Company
Vasquez Gerald $919,000 Progressive Title Company
Brannon Donald H $800,000 --
Shea Kathryn N -- --
Shea Kathryn N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hasan Qamar $492,800
Previous Owner Vasquez Gerald $643,300
Previous Owner Brannon Donald H $402,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2012 02/22/12 Sold $530,000 +1.9% $169 / Sq Ft
06/29/2011 06/29/11 Pending -- -- --
05/31/2011 05/31/11 For Sale $520,000 -- $165 / 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 $9,052 $665,697 $288,886 $376,811
2024 $9,052 $652,645 $283,222 $369,423
2023 $8,892 $639,849 $277,669 $362,180
2022 $8,360 $627,304 $272,225 $355,079
2021 $8,175 $615,005 $266,888 $348,117
2019 $7,955 $597,086 $258,973 $338,113
2018 $7,713 $585,386 $253,896 $331,490
2016 $7,091 $562,349 $244,038 $318,311
2015 $6,812 $553,903 $240,373 $313,530
2014 $6,779 $543,054 $235,665 $307,389
Source: Public Records

Agents Affiliated with this Home

  • David Haub

    Seller's Agent in 2012

    David Haub

    CalTerra Partners

    (562) 598-0649

    17 Total Sales

    David Haub
    Section Image

  • J

    Buyer's Agent in 2012

    Justin Carskadon

    California Real Estate Company

    (562) 513-7800

    2 Total Sales

    Justin Carskadon
    Section Image
  • Jeff Anderson

    Buyer Co-Listing Agent in 2012

    Jeff Anderson

    eXp Realty of California Inc

    (562) 784-5241

    9 in this area

    299 Total Sales

    Jeff Anderson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P784780

California Regional Multiple Listing Service (CRMLS)

APN: 7275-012-010

California Los Angeles County Long Beach 90802 Alamitos Beach

1621 E Broadway, Long Beach, CA

Not Listed for Sale

MultiFamily

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