NOT LISTED FOR SALE

1640 E Erie St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,014,832 - $1,073,000

5 Beds
3 Baths
1,586 Sq Ft
$659/Sq Ft Est. Value

Last Sold December 06, 2024

Last sale price $1,050,000 $662 Per Sq Ft

Current estimated payment $6,146/month

52 Days on Market

Highlights

  • 0.13 Acre Lot
  • Laundry Room
  • Heating Available
  • Long Beach Polytechnic High School Rated A
  • Fenced
  • 3-minute walk to Miracle On Fourth Street Park

About This Home

As of December 2024

Great opportunity to purchase a 4 bedroom 2ba home and subsidize the mortgage with income from the attached 1bed 1ba unit. The home is efficient with a quaint living room, updated 3/4 bath, dining and kitchen on the main floor. The second floor has 4 bedrooms and an updated full bath. This home sits on a large corner lot with a 3 car garage and 6 additional parking spaces for a total of 9 parking spaces. The garages and parking spaces can be rented out for additional income or has potential for an ADU, buyer to do their own investigations. Fully fenced backyard with fruit trees and grass. Great location near all the shops, restaurants and bars on Retro Row and Downtown Long Beach. Property has newer roof and fresh exterior paint.

Last Agent to Sell the Property

Jenny Lin

Berkshire Hathaway Home Servic License #01383084 Listed on: 09/06/2024

Berkshire Hathaway Home Servic

Last Buyer's Agent

Chuck Chavez

Century 21 Allstars License #01367620

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,604 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Interior Spaces

  • 1,586 Sq Ft Home
  • 2-Story Property
  • Free-Standing Range
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 4
  • Tax Tract Number 576503
  • Assessor Parcel Number 7275014029
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • Alamitos Beach Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Professional Management Expense $2,000
  • Water Sewer Expense $1,200
  • Operating Expense $7,560
  • Gross Income $66,000
  • Net Operating Income $58,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 2000.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7275014029
  • Year Built: 1920
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 662.04
  • Room Type: All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5604.00
  • Lot Size Acres: 0.1287

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average3 Bed Area: 1130 Square Feet
  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5604.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 58440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Operating Expense: 7560.00
  • Rent Control: No
  • Total Actual Rent: 1296.20
  • Total Expenses: 7560.00

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 576503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 18, 2024
Sold by
Chan Vyla and 1640 East Erie Llc
Bought by
Najera Francisco Jose and Brown Deborah Anna
Seller's Agent
Jenny Lin
Berkshire Hathaway Home Servic
Buyer's Agent
Chuck Chavez
Century 21 Allstars
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
50
Current Estimated Value
$1,052,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,155
Avg. Annual Appreciation
-0.42%
Original Mortgage
$981,500
Outstanding Balance
$972,477
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$72,731

Purchase Details

Closed on
Jul 18, 2024
Sold by
Peng Ming C
Bought by
1640 East Erie Llc

Purchase Details

Listed on
Jul 2, 2013
Closed on
Jul 15, 2013
Sold by
Silvestri Federico
Bought by
Chan Vyla and Peng Ming C
Seller's Agent
Cameron Burke
HomeSmart, Evergreen Realty
Buyer's Agent
Jenny Lin
Berkshire Hathaway Home Serv.
List Price
$499,999
Sold Price
$490,000
Premium/Discount to List
-$9,999
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$367,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2009
Sold by
Hinrichs John W and The Pauline Klyng Hill Family
Bought by
Silvestri Federico

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,244
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 2002
Sold by
Hinrichs John and The Riewer J Caustic Revocable
Bought by
Hill Pauline Klyng and The Pauline Klyng Hill Family Trust

Purchase Details

Closed on
Feb 13, 2001
Sold by
Caustic Riewer Klyng
Bought by
Caustic Riewer J and The Riewer J Caustic Revocable Trust
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
Najera Francisco Jose $1,050,000 California Title Company
Najera Francisco Jose $1,050,000 California Title Company
1640 East Erie Llc $600,000 None Listed On Document
Chan Vyla $490,000 Western Resources Title Co
Silvestri Federico $373,000 Old Republic Title Company
Hill Pauline Klyng -- --
Caustic Riewer J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Najera Francisco Jose $981,500
Closed Najera Francisco Jose $981,500
Previous Owner Chan Vyla $367,500
Previous Owner Silvestri Federico $366,244
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2024 12/06/24 Sold $1,050,000 0.0% $662 / Sq Ft
12/06/2024 12/06/24 Sold $1,050,000 -4.5% $662 / Sq Ft View Prior Sale
10/28/2024 10/28/24 Pending -- -- --
10/28/2024 10/28/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $1,100,000 0.0% $694 / Sq Ft
09/04/2024 09/04/24 For Sale $1,100,000 +124.5% $694 / Sq Ft
08/01/2013 08/01/13 Sold $490,000 -2.0% $309 / Sq Ft View Prior Sale
07/29/2013 07/29/13 Pending -- -- --
07/02/2013 07/02/13 For Sale $499,999 -- $315 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $7,795 $1,050,000 $685,000 $365,000
2024 $7,795 $588,885 $449,478 $139,407
2023 $7,664 $577,339 $440,665 $136,674
2022 $7,199 $566,020 $432,025 $133,995
2021 $7,055 $554,922 $423,554 $131,368
2020 $7,037 $549,232 $419,211 $130,021
2019 $6,955 $538,464 $410,992 $127,472
2018 $6,712 $527,907 $402,934 $124,973
2016 $6,175 $507,410 $387,289 $120,121
2015 $5,927 $499,789 $381,472 $118,317
2014 $5,890 $490,000 $374,000 $116,000
Source: Public Records

Agents Affiliated with this Home

  • Jenny Lin

    Seller's Agent in 2024

    Jenny Lin

    Berkshire Hathaway Home Servic

    (626) 318-2918

    2 in this area

    47 Total Sales

    Jenny Lin
    Section Image
  • Chuck Chavez

    Buyer's Agent in 2024

    Chuck Chavez

    Century 21 Allstars

    (562) 716-6698

    2 in this area

    36 Total Sales

    Chuck Chavez
    Section Image

  • C

    Seller's Agent in 2013

    Cameron Burke

    HomeSmart, Evergreen Realty

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-19166

Pasadena-Foothills Association of REALTORS®

APN: 7275-014-029

California Los Angeles County Long Beach 90802 North Alamitos Beach

1640 E Erie St, Long Beach, CA

Not Listed for Sale

MultiFamily

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