NOT LISTED FOR SALE

1628 E Appleton St Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,407,483 - $1,714,000

4 Beds
4 Baths
3,312 Sq Ft
$477/Sq Ft Est. Value

Last Sold November 15, 2016

Last sale price $958,555 $289 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $9,473/month

40 Days on Market

Highlights

  • 3,784 Sq Ft lot
  • Dual Staircase
  • Property is near public transit
  • Long Beach Polytechnic High School Rated A
  • Fireplace in Bathroom
  • Wood Flooring

About This Home

As of November 2016

Well maintained two story 4 unit corner property, 4 blocks to the beach, close to downtown and close to Belmont Shore. Long term tenants. Common area laundry room, owners owns the machines and collects quarters. 2 garages with top patio area for tenants. It's been well maintained, owner has owned since 1990. Near public transportation. All hardwood floors. Re-roofed in first of the year.

Last Agent to Sell the Property

maria haddad

Sunbelt Properties License #01414880 Listed on: 09/19/2016

Last Buyer's Agent

Loree Scarborough

Compass License #01257913

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 3,784 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,312 Sq Ft Home
  • Dual Staircase
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Location

  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 8
  • Tax Tract Number 5766
  • Assessor Parcel Number 7275012011

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $60
  • Insurance Expense $30
  • Trash Expense $70
  • Water Sewer Expense $10
  • New Taxes Expense $231
  • Gross Income $4,500
  • Net Operating Income $4,400

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 10.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7275012011
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Bath, Electric, Gas, Kitchen, Living Room
  • Price Per Square Foot: 289.42

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community, Individual Room
  • Trash Expense: 70.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 3784.00
  • Price Per Lot Square Foot: 264.01

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 60.00
  • Gross Income: 4500.00
  • Gross Scheduled Income: 4500.00
  • Insurance Expense: 30.00
  • Net Operating Income: 4400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 100.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 231.00
  • Tax Lot: 8
  • Tax Tract Number: 5766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2016
Closed on
Oct 15, 2016
Sold by
Alley Eda Corina
Bought by
Mcconkey Dennis J and Mcconkey Loree L
Seller's Agent
maria haddad
Sunbelt Properties
Buyer's Agent
Loree Scarborough
Compass
List Price
$999,000
Sold Price
$958,555
Premium/Discount to List
-$40,445
-4.05%
Current Estimated Value
$1,579,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,816
Avg. Annual Appreciation
5.63%
Original Mortgage
$575,133
Outstanding Balance
$460,491
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$1,118,880

Purchase Details

Closed on
Jun 15, 2009
Sold by
Alley Robert
Bought by
Alley Eda Corina

Purchase Details

Closed on
Sep 26, 2008
Sold by
Alley Eda Corina
Bought by
Funes Pedro G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2006
Sold by
Funes Pedro G
Bought by
Funes Pedro G and Alley Eda Corina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 22, 2003
Sold by
Alley Eda Corina
Bought by
Funes Pedro Y and Alley Eda Corina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2000
Sold by
Hale Eda C Tr Hale Family Trust
Bought by
Alley Eda Corina and Funes Pedro Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
8.67%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 28, 1995
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Hale Eda Corina and Hale Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mcconkey Dennis J $959,000 Title 365
Alley Eda Corina -- None Available
Alley Eda Corina -- None Available
Funes Pedro G -- Orange Coast Title
Funes Pedro G -- Fidelity National Title Co
Funes Pedro G -- Fidelity National Title Co
Alley Eda Corin -- Fidelity National Title Co
Funes Pedro Y -- Ticor Title Company
Funes Pedro Y -- Ticor Title Company
Alley Eda Corina -- Chicago Title Co
Alley Eda Corina -- Chicago Title Co
Hale Eda Corina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcconkey Dennis J $575,133
Previous Owner Funes Pedro G $460,000
Previous Owner Funes Pedro G $265,000
Previous Owner Funes Pedro Y $198,000
Previous Owner Alley Eda Corina $212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2024 04/25/24 For Rent -- -- --
11/15/2016 11/15/16 Sold $958,555 -4.0% $289 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $999,000 +4.2% $302 / Sq Ft
08/29/2016 08/29/16 Off Market $958,555 -- --
08/18/2016 08/18/16 For Sale $999,000 -- $302 / 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 $14,374 $1,112,417 $464,232 $648,185
2024 $14,374 $1,090,606 $455,130 $635,476
2023 $14,131 $1,069,222 $446,206 $623,016
2022 $13,266 $1,048,257 $437,457 $610,800
2021 $12,995 $1,027,704 $428,880 $598,824
2019 $12,809 $997,703 $416,160 $581,543
2018 $12,464 $978,150 $408,000 $570,150
2016 $2,131 $132,660 $42,907 $89,753
2015 $2,060 $130,668 $42,263 $88,405
2014 $2,070 $128,110 $41,436 $86,674
Source: Public Records

Agents Affiliated with this Home

  • m

    Seller's Agent in 2016

    maria haddad

    Sunbelt Properties

    Section Image
  • Loree Scarborough

    Buyer's Agent in 2016

    Loree Scarborough

    Compass

    (562) 225-0511

    3 in this area

    77 Total Sales

    Loree Scarborough
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16182212

California Regional Multiple Listing Service (CRMLS)

APN: 7275-012-011

California Los Angeles County Long Beach 90802 Alamitos Beach

1628 E Appleton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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