NOT LISTED FOR SALE

Estimated Value: $1,534,000 - $1,774,000

6 Beds
4 Baths
2,744 Sq Ft
$611/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $1,450,000 $528 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,540/month

9 Days on Market

Highlights

  • 0.09 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of January 2022

This totally renovated duplex is located in the highly desirable Alamitos Beach. Walking distance to the beach! close to all entertainments. Featuring a Three bedroom 2 baths upstairs and three bedrooms 2 baths downstairs! Upstairs unit has central A/C and washer/dryer hookups. Backyard has a community laundry for tenants. Fully occupied with 1 year lease.

Last Agent to Sell the Property

Mariko Meek

Vista Pacific Realty License #01778756 Listed on: 12/09/2021

Last Buyer's Agent

Mariko Meek

Vista Pacific Realty License #01778756 Listed on: 12/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,247

Year Built

  • Built in 1909

Lot Details

  • 3,893 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,744 Sq Ft Home

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • 6 Bedrooms
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 20 / 66
  • Tax Tract Number 576
  • Assessor Parcel Number 7265019032
  • $476 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,000
  • Operating Expense $20,400
  • Gross Income $85,800
  • Net Operating Income $65,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,247

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Price Per Unit: 747500
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7265019032
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 528.43

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3893.00
  • Lot Size Acres: 0.0894

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 85800.00
  • Gross Scheduled Income: 85800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3893.0000 Square Feet
  • Net Operating Income: 65400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 20400.00
  • Rent Control: Yes
  • Total Expenses: 20400.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: 66
  • Tax Census Tract: 5766.02
  • Tax Lot: 20
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 476.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Jan 7, 2022
Sold by
Ks Signature Llc
Bought by
Baton Touch Llc
Seller's Agent
Mariko Meek
Vista Pacific Realty
Buyer's Agent
Mariko Meek
Vista Pacific Realty
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Current Estimated Value
$1,632,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,121
Avg. Annual Appreciation
3.10%

Purchase Details

Listed on
Oct 22, 2019
Closed on
Jul 23, 2020
Sold by
Rac Development Inc
Bought by
Rac Development Inc
Seller's Agent
Tin-Jon Syiau
REVA
Buyer's Agent
Mariko Meek
Vista Pacific Realty
List Price
$1,380,000
Sold Price
$1,280,000
Premium/Discount to List
-$100,000
-7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$832,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 22, 2019
Closed on
Jul 15, 2020
Sold by
Rac Development Inc
Bought by
K S Signature Llc
Seller's Agent
Tin-Jon Syiau
REVA
Buyer's Agent
Mariko Meek
Vista Pacific Realty
List Price
$1,380,000
Sold Price
$1,280,000
Premium/Discount to List
-$100,000
-7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 6, 2018
Closed on
Apr 4, 2018
Sold by
Sehnert Mark Joseph and Bauerlein Toni Lynn
Bought by
Rac Development Inc
Seller's Agent
John Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Judy Chen
List Price
$999,900
Sold Price
$935,000
Premium/Discount to List
-$64,900
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%
Original Mortgage
$570,000
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2017
Sold by
Sehnert Mark J and The Mark Sehnert Trust
Bought by
Schnert Mark Joseph and Bauerlein Toni Lynn

Purchase Details

Closed on
Dec 11, 2013
Sold by
Sehnert Mark J
Bought by
Sehnert Mark J and The Mark Sehnert Trust

Purchase Details

Closed on
Dec 17, 2001
Sold by
Bauerlein Toni L
Bought by
Sehnert Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,450
Interest Rate
6.39%
Source: Public Records

Range of Values:

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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
Baton Touch Llc $1,450,000 Orange Coast Title
Rac Development Inc -- Ticor Title Company
K S Signature Llc $1,280,000 Ticor Title Company
Rac Development Inc $935,000 First American Title Company
Schnert Mark Joseph -- None Available
Sehnert Mark J -- None Available
Sehnert Mark J -- None Available
Sehnert Mark J -- None Available
Sehnert Mark J -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner K S Signature Llc $832,000
Previous Owner Rac Development Inc $570,000
Previous Owner Sehnert Mark J $126,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $1,450,000 -3.0% $528 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $1,495,000 +16.8% $545 / Sq Ft
07/31/2020 07/31/20 Sold $1,280,000 0.0% $466 / Sq Ft
05/01/2020 05/01/20 Price Changed $1,280,000 -7.2% $466 / Sq Ft
02/19/2020 02/19/20 For Sale $1,380,000 0.0% $503 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
10/22/2019 10/22/19 For Sale $1,380,000 +47.6% $503 / Sq Ft
05/04/2018 05/04/18 Sold $935,000 -6.5% $341 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $999,900 -- $364 / 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 $19,247 $1,538,751 $1,114,268 $424,483
2024 $19,247 $1,508,580 $1,092,420 $416,160
2023 $18,930 $1,479,000 $1,071,000 $408,000
2022 $16,038 $1,305,600 $612,000 $693,600
2021 $15,727 $1,280,000 $600,000 $680,000
2020 $12,156 $973,034 $650,250 $322,784
2019 $12,014 $953,960 $637,500 $316,460
2018 $6,148 $476,306 $294,267 $182,039
2016 $5,643 $457,563 $282,842 $174,721
2015 $5,419 $450,691 $278,594 $172,097
2014 $5,386 $441,863 $273,137 $168,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21261445

California Regional Multiple Listing Service (CRMLS)

APN: 7265-019-032