NOT LISTED FOR SALE

1725 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $2,397,719 - $3,112,000

4 Beds
4 Baths
5,098 Sq Ft
$540/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $1,495,000 $293 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $17,037/month

153 Days on Market

Highlights

  • 0.19 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of December 2018

1725 East Broadway consists of a fourplex and a duplex on a large 8,270-square foot lot; the fourplex faces Broadway, while the duplex faces Appleton Street. The buildings contain a total of six very large one-bedroom loft-style units that average 790 square feet. The units are separately metered for gas and electricity, and three of the units have been upgraded. The property also features a common patio area, large yards, driveway parking, a new roof on the fourplex, and well-maintained plumbing and electrical systems.

The property is well-located in Long Beach’s Alamitos Beach neighborhood just one third of a mile from the beach and within easy walking distance of Bixby Park, which features a weekly farmer’s market. This area boasts a walk score of 89, “very walkable” and a bike score of 92, “biker’s paradise.”

With its outstanding location in a strong rental market, oversized units, and substantial potential upside in rents, 1725 East Broadway presents an excellent value-add opportunity.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/03/2018

Co-Listed By

Shane young

Younglewin Advisors, Inc. License #01963090

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 8,270 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 5,098 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7275013005

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $32,239
  • Net Operating Income $36,071

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7275013005
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 293.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8270.00
  • Lot Size Acres: 0.1899

Multi Family

  • Gross Scheduled Income: 69000.00
  • Lot Size Area: 8270.0000 Square Feet
  • Net Operating Income: 36071.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 32239.00
  • Rent Control: No
  • Total Expenses: 32239.00

Tax Info

  • Tax Census Tract: 5766.02
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Oct 18, 2018
Sold by
Blg Property Management Llc
Bought by
Del Capital Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$1,495,000
Sold Price
$1,495,000
Current Estimated Value
$2,754,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,259,860
Avg. Annual Appreciation
9.04%
Original Mortgage
$1,121,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2013
Sold by
Ciceri Juerg and Ciceri Beth M
Bought by
Blg Property Management Llc

Purchase Details

Listed on
Sep 27, 2012
Closed on
Oct 4, 2012
Sold by
Mcintire Robert D and Aoki June M
Bought by
Ciceri Juerg
Seller's Agent
allen levoff
Sotheby's International Realty
Buyer's Agent
Cynthia Voss
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.99%
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
Del Capital Llc $1,495,000 Ticor Title
Blg Property Management Llc -- None Available
Ciceri Juerg -- None Available
Ciceri Juerg $550,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Del Capital Llc $1,121,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2018 12/07/18 Sold $1,495,000 0.0% $293 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $1,495,000 +171.8% $293 / Sq Ft
10/22/2012 10/22/12 Sold $550,000 +10.2% $387 / Sq Ft View Prior Sale
10/02/2012 10/02/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $499,000 -- $351 / 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 $31,233 $2,348,875 $1,461,282 $887,593
2024 $29,890 $2,302,820 $1,432,630 $870,190
2023 $29,390 $2,257,668 $1,404,540 $853,128
2022 $27,580 $2,213,400 $1,377,000 $836,400
2021 $19,540 $1,540,697 $1,030,567 $510,130
2020 $19,489 $1,524,900 $1,020,000 $504,900
2019 $19,261 $1,495,000 $1,000,000 $495,000
2018 $8,197 $595,238 $405,845 $189,393
2016 $7,529 $572,127 $390,087 $182,040
2015 $7,242 $563,534 $384,228 $179,306
2014 $7,221 $552,496 $376,702 $175,794
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    89 Total Sales

    Steve Bogoyevac
    Section Image
  • Shane young

    Seller Co-Listing Agent in 2018

    Shane young

    Younglewin Advisors, Inc.

    (562) 556-1118

    1 in this area

    31 Total Sales

    Shane young
    Section Image

  • J

    Buyer's Agent in 2018

    John Alden

    Alden Pacific Investments, Inc.

    Section Image

  • a

    Seller's Agent in 2012

    allen levoff

    Sotheby's International Realty

    (323) 665-1700

    8 Total Sales

    allen levoff
    Section Image

  • C

    Buyer's Agent in 2012

    Cynthia Voss

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18103687

California Regional Multiple Listing Service (CRMLS)

APN: 7275-013-005

California Los Angeles County Long Beach 90802 Alamitos Beach

1725 E Broadway, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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