NOT LISTED FOR SALE

1730 Obispo Ave Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $1,199,000 - $1,742,000

8 Beds
5 Baths
3,268 Sq Ft
$460/Sq Ft Est. Value

Last Sold January 30, 2017

Last sale price $1,000,000 $306 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $9,166/month

32 Days on Market

About This Home

As of January 2017

4 units on a large lot, located in the Eastside area of Long Beach. This property offers a tremendous amount of parking -- 14 spaces in all, including 5 garages. The property offers investors the opportunity to acquire a value-add deal in one of the strongest rental markets in Long Beach. The two buildings were constructed in 1954 (front) and 1989 (rear). Unit mix: 1 (1 bedroom + 1 bathroom) and 3 (2 Bedroom + 1 bathroom), encompassing a gross area of approximately 3,268 SF.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 11/12/2016

KW Advisors

Last Buyer's Agent

Brett O'Keefe

Estate Properties License #01294635

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,770

Year Built

  • Built in 1989

Lot Details

  • 6,501 Sq Ft Lot

Parking

  • 5 Car Garage
  • 9 Open Parking Spaces
  • Driveway

Interior Spaces

  • 3,268 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7259-001-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,770

Year Built

Built in 1989

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3268
  • Stories: 2
  • Year Built: 1989
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 304.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 9
  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Value: 310660
  • Assessed Land Value: 403858
  • Assessor Parcel Number: 7259-001-008
  • Geocode Override: No
  • Lot Size Area: 6501

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.40
  • Gross Scheduled Income: 79980.00
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 22000
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
Valentine Michael
Bought by
Goodwin Street Llc
Current Estimated Value
$1,502,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$544,904
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$973,349

Purchase Details

Closed on
Jun 20, 2017
Sold by
Valentine Michael
Bought by
Goodwin Street Llc

Purchase Details

Closed on
Apr 14, 2017
Sold by
Valentine Richard and Valentine Jeanette
Bought by
Valentine Michael

Purchase Details

Listed on
Nov 12, 2016
Closed on
Dec 14, 2016
Sold by
Northport Realty Llc
Bought by
Valentine Michael and Valentine Richard
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Brett O'Keefe
Estate Properties
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$650,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2013
Sold by
Robinson Jim C and The Jim C Robinson 2008 Trust
Bought by
Northport Realty Llc

Purchase Details

Closed on
Dec 7, 2008
Sold by
Robinson Jim C
Bought by
Robinson Jim C and The Jim C Robinson 2008 Trust

Purchase Details

Closed on
Nov 18, 2005
Sold by
Park Suzie Y
Bought by
Robinson Jim C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,250
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2004
Sold by
Webster Jonathan
Bought by
Park Suzie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,750
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1999
Sold by
Biro William L
Bought by
Webster Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,287
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 1994
Sold by
Western Financial Svgs Bank Fsb
Bought by
Biro William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
8.38%

Purchase Details

Closed on
Feb 14, 1994
Sold by
Western Reconveyance Company Inc
Bought by
Western Financial Svgs Bank Fsb
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
Goodwin Street Llc -- Accommodation
Valentine Michael -- Wfg National Title
Goodwin Street Llc -- Accommodation
Valentine Michael -- Accommodation
Valentine Michael $1,000,000 First American Title Company
Northport Realty Llc -- None Available
Robinson Jim C -- None Available
Robinson Jim C $820,000 Alliance Title Co Resale
Park Suzie Y $655,000 North American Title Co
Webster Jonathan $245,000 North American Title
Biro William L $185,000 Orange Coast Title
Western Financial Svgs Bank Fsb $255,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine Michael $600,000
Previous Owner Valentine Michael $650,000
Previous Owner Robinson Jim C $635,250
Previous Owner Park Suzie Y $641,600
Previous Owner Park Suzie Y $556,750
Previous Owner Webster Jonathan B $43,000
Previous Owner Webster Jonathan $237,000
Previous Owner Webster Jonathan $236,683
Previous Owner Webster Jonathan $240,287
Previous Owner Biro William L $166,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2017 01/30/17 Sold $1,000,000 +0.5% $306 / Sq Ft
01/02/2017 01/02/17 Price Changed $995,000 +1.0% $304 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
12/07/2016 12/07/16 Price Changed $985,000 -1.0% $301 / Sq Ft
11/12/2016 11/12/16 For Sale $995,000 -- $304 / Sq Ft
Source: The MLS

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 $14,770 $1,137,826 $682,696 $455,130
2024 $14,770 $1,115,516 $669,310 $446,206
2023 $14,521 $1,093,644 $656,187 $437,457
2022 $13,638 $1,072,201 $643,321 $428,880
2021 $13,362 $1,051,178 $630,707 $420,471
2020 $13,328 $1,040,400 $624,240 $416,160
2019 $13,173 $1,020,000 $612,000 $408,000
2018 $12,991 $1,020,000 $612,000 $408,000
2016 $8,876 $714,518 $403,858 $310,660
2015 $8,525 $703,786 $397,792 $305,994
2014 $8,477 $690,000 $390,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mark Witsken

    KW Advisors

    Section Image

  • B

    Buyer's Agent in 2017

    Brett O'Keefe

    Estate Properties

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Map

Source: The MLS

MLS Number: 16-180270

The MLS

APN: 7259-001-008

California Los Angeles County Long Beach 90804 Zaferia

1730 Obispo Ave, Long Beach, CA

This home is located at 1730 Obispo Ave, Long Beach, CA 90804 since 12 November 2016 and is currently estimated at $1,502,562, approximately $459 per square foot. This property was built in 1989. 1730 Obispo Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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