NOT LISTED FOR SALE

1702 E Erie St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,668,015 - $1,959,000

9 Beds
8 Baths
5,133 Sq Ft
$351/Sq Ft Est. Value

Last Sold February 23, 2016

Last sale price $1,000,000 $195 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $11,086/month

1 Day on Market

Highlights

  • 0.12 Acre Lot
  • Corner Lot
  • 3-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of February 2016

4 unit property in Alamitos Beach area of the Downtown area 4. 3 bed, 2 bath 'owners' unit has laundry machines in attached 2 car garage. Three 2 bed, 2 bath rear units share 4 car ports. Gated property with laundry room for 3 rear units.

Last Agent to Sell the Property

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001 Listed on: 01/06/2016

Last Buyer's Agent

Cheryl Cotton

Y Realty License #00860384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,408

Year Built

  • Built in 1978

Lot Details

  • 5,228 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 5,133 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7275014001

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $669
  • Gardener Expense $600
  • Insurance Expense $2,400
  • Maintenance Expense $4,765
  • Professional Management Expense $5,900
  • Water Sewer Expense $2,851
  • New Taxes Expense $13,000
  • Gross Income $6,700
  • Net Operating Income $49,977

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,408

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 5900.00
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2851.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7275014001
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 194.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level with Street, Corner Lot
  • Lot Size Sq Ft: 5228.00
  • Price Per Lot Square Foot: 191.28
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 669.00
  • Gross Income: 6700.00
  • Gross Scheduled Income: 80400.00
  • Insurance Expense: 2400.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5228.0000 Square Feet
  • Maintenance Expense: 4765.00
  • Net Operating Income: 49977.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30423.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Jan 8, 2016
Sold by
Bmb Properties Llc
Bought by
Padriezs Valdas and Padiezas Lilia
Seller's Agent
Nicholas Cotton
Keller Williams Coastal Prop.
Buyer's Agent
Cheryl Cotton
Y Realty
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Current Estimated Value
$1,802,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$802,504
Avg. Annual Appreciation
5.99%
Original Mortgage
$600,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 1997
Sold by
Moody Sally
Bought by
Brown Billie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 1996
Sold by
Hughes Donald Eugene
Bought by
Hughes Donald E and The Donald E Hughes Living Trust

Purchase Details

Closed on
Nov 27, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hughes Donald Eugene

Purchase Details

Closed on
Aug 9, 1995
Sold by
Union Fsb
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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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
Padriezs Valdas $1,000,000 Fidelity National Title Co
Brown Billie Marie $300,000 Southland Title Corporation
Hughes Donald E -- --
Hughes Donald Eugene $213,000 First American Title Co
Federal Home Loan Mortgage Corporation -- Chicago Title Co
Union Fsb $239,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padriezs Valdas $600,000
Previous Owner Brown Billie Marie $241,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2016 02/23/16 Sold $1,000,000 -4.8% $195 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $1,050,000 -- $205 / 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 $15,408 $1,183,792 $947,036 $236,756
2024 $15,408 $1,160,581 $928,467 $232,114
2023 $15,150 $1,137,825 $910,262 $227,563
2022 $14,230 $1,115,515 $892,414 $223,101
2021 $13,931 $1,093,643 $874,916 $218,727
2019 $13,732 $1,061,207 $848,966 $212,241
2018 $13,333 $1,040,400 $832,320 $208,080
2017 $13,194 $1,020,000 $816,000 $204,000
2016 $7,597 $598,134 $416,094 $182,040
2015 $5,188 $401,216 $92,992 $308,224
2014 $5,171 $393,358 $91,171 $302,187
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nicholas Cotton

    Keller Williams Coastal Prop.

  • C

    Buyer's Agent in 2016

    Cheryl Cotton

    Y Realty

    (562) 513-7800

    9 Total Sales

    Cheryl Cotton
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16004279

California Regional Multiple Listing Service (CRMLS)

APN: 7275-014-001

California Los Angeles County Long Beach 90802 North Alamitos Beach

1702 E Erie St, Long Beach, CA

This home is located at 1702 E Erie St, Long Beach, CA 90802 since 06 January 2016 and is currently estimated at $1,802,504, approximately $351 per square foot. This property was built in 1978. 1702 E Erie St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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