Allison Van Wig
Responds Quickly
Keller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in Central
$725,000 Price
1622 Orange Ave Long Beach, CA 90813
Central NeighborhoodEstimated Value: $1,268,000
2
Beds
1
Bath
6,329
Sq Ft
$200/Sq Ft
Est. Value
About This Home
As of March 20171622 Orange Avenue is a mixed-use property in Long Beach, California. It is located just south of Pacific Coast Highway near the intersection of Alamitos Avenue and East 17th Street. The property is just steps from Rosa Parks Park, one-third of a mile from each Long Beach Polytechnical High School, Whittier Elementary School and Long Beach City College’s Pacific Coast Campus.
1622 Orange Avenue comprises two buildings that offer a total of five two-bedroom/one-bath units and one commercial space. The commercial space was previously used as a bar and is currently available for lease. A billboard atop the front building is leased month-to-month and generates additional income.
This property is lender-owned and is an REO sale; the seller will consider financing a qualified buyer. With current rents below market rates, 1622 Orange Avenue presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/08/2017
Last Buyer's Agent
Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/08/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 5,718 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 6,329 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Location
- Urban Location
Listing and Financial Details
- Tax Lot 48
- Tax Tract Number 5752
- Assessor Parcel Number 7268031028
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Operating Expense $29,023
- Net Operating Income $69,473
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 23, 2018
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Feb 8, 2017
Closed on
Mar 10, 2017
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.19%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 20, 2016
Sold by
Bought by
Purchase Details
Closed on
Sep 18, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
6.46%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central, CA
-
Allison Van Wig
-
Albert Marin
Albert Marin
Re/Max Top Producers
(951) 456-4305
67 Total Sales
1 in Central
$550,000 Price
-
Joshua Coburn
Joshua Coburn
Chamberlain Real Estate
(858) 251-9237
50 Total Sales
1 in Central
$570,000 Price
-
Maria Guerrero
Maria Guerrero
Y Realty
(424) 552-2340
11 Total Sales
1 in Central
$445,000 Price
-
Gaurav Datta
Gaurav Datta
Y Realty
(562) 850-1338
2 Total Sales
1 in Central
$1,090,000 Price
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
33 Total Sales
1 in Central
$335,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $1,100,000 | Orange Coast Title Co Socal | ||
| $650,852 | None Available | ||
| -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $800,000 | ||
| Previous Owner | $611,000 | ||
| Previous Owner | $400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2017 03/21/17 | Sold | $1,100,000 | 0.0% | $174 / Sq Ft |
| 03/09/2017 03/09/17 | Pending | -- | -- | -- |
| 03/06/2017 03/06/17 | Price Changed | $1,100,000 | -8.3% | $174 / Sq Ft |
| 02/08/2017 02/08/17 | For Sale | $1,200,000 | -- | $190 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,664 | $1,435,480 | $500,643 | $934,837 |
| 2024 | $18,781 | $1,407,334 | $490,827 | $916,507 |
| 2023 | $18,465 | $1,379,740 | $481,203 | $898,537 |
| 2022 | $17,345 | $1,352,687 | $471,768 | $880,919 |
| 2021 | $16,977 | $1,326,165 | $462,518 | $863,647 |
| 2020 | $16,931 | $1,312,568 | $457,776 | $854,792 |
| 2019 | $15,012 | $1,144,440 | $416,160 | $728,280 |
| 2018 | $14,558 | $1,122,000 | $408,000 | $714,000 |
| 2016 | $6,366 | $472,868 | $178,850 | $294,018 |
| 2015 | $6,128 | $465,766 | $176,164 | $289,602 |
| 2014 | $6,095 | $456,644 | $172,714 | $283,930 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
2 in this area
77 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17026667
APN: 7268-031-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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