Albert Marin
Re/Max Top Producers
(951) 456-4305
67 Total Sales
1 in Central
$550,000 Price
1632 Walnut Ave Long Beach, CA 90813
Central Neighborhood
3
Beds
3
Baths
10,722
Sq Ft
0.38
Acre Lot
About This Home
As of May 2014The subject property is a one story 1950’s built garden style apartment building that is separately metered for gas and electric. This 21 unit apartment building should appeal to investors looking for a well kept asset in a great rental location. Caddy corner to an elementary school and in close proximity to many employers and freeways the apartment has great value for renters.
Last Agent to Sell the Property
Jack Levis
CBRE Inc. License #01886278 Listed on: 01/17/2014
Last Buyer's Agent
Jack Levis
CBRE Inc. License #01886278 Listed on: 01/17/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 16,506 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 5 Car Garage
Home Design
- 10,722 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, water
- Tax Lot 47
- Tax Tract Number 5752
- Assessor Parcel Number 7261012005
Community Details
Overview
- 21 Units
Building Details
- 21 Leased Units
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 21 Separate Water Meters
- Electric Expense $720
- Gardener Expense $600
- Insurance Expense $4,288
- Maintenance Expense $10,821
- Pest Control $1,365
- Professional Management Expense $7,200
- Supplies Expense $5,250
- Trash Expense $8,350
- New Taxes Expense $29,261
- Gross Income $18,304
- Net Operating Income $138,461
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 27, 2014
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
$1,700,250
Interest Rate
4.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 19, 2008
Sold by
Bought by
Purchase Details
Closed on
Dec 15, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central, CA
-
Albert Marin
-
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
-
Jane Castillo
Jane Castillo
Keller Williams Realty
(424) 283-4769
21 Total Sales
1 in Central
$420,000 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 |
|---|---|---|---|
| $2,267,000 | Old Republic Title | ||
| -- | None Available | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $3,500,000 | ||
| Closed | $2,100,000 | ||
| Closed | $300,000 | ||
| Previous Owner | $1,700,250 |
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 |
|---|---|---|---|---|
| 05/21/2014 05/21/14 | Sold | $2,300,000 | 0.0% | $215 / Sq Ft |
| 04/23/2014 04/23/14 | Pending | -- | -- | -- |
| 01/17/2014 01/17/14 | For Sale | $2,300,000 | -- | $215 / 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 | $39,453 | $2,779,020 | $1,471,029 | $1,307,991 |
| 2024 | $37,719 | $2,724,531 | $1,442,186 | $1,282,345 |
| 2023 | $37,052 | $2,671,109 | $1,413,908 | $1,257,201 |
| 2022 | $34,827 | $2,618,735 | $1,386,185 | $1,232,550 |
| 2021 | $34,072 | $2,567,388 | $1,359,005 | $1,208,383 |
| 2019 | $33,587 | $2,497,541 | $1,318,698 | $1,178,843 |
| 2018 | $32,554 | $2,448,694 | $1,292,842 | $1,155,852 |
| 2016 | $29,973 | $2,347,555 | $1,242,641 | $1,104,914 |
| 2015 | $28,853 | $2,312,294 | $1,223,976 | $1,088,318 |
| 2014 | $5,971 | $269,286 | $73,482 | $195,804 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2014
Jack Levis
CBRE Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14011501
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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