NOT LISTED FOR SALE

1746 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $904,000 - $1,036,000

3 Beds
2 Baths
1,360 Sq Ft
$716/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $497,000 $365 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $5,825/month

53 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 3-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2015

Perfect investment property. Nothing to do but collect rents. Great area, close to beach, rents will just keep going up. Units are clean, rented and in good working order. Each unit has a garage, laundry room and patio area. One bedroom unit (shown in pictures) is original with stove and fridge. Two bedroom unit (not shown in pictures) was updated approximately 12 year ago and includes stove, fridge and garbage disposal. Very close to 4th street retro row, east village, beach bike paths and the ocean. TURNKEY PROPERTY easy to rent and easy to manage.

Last Agent to Sell the Property

Steve Landsberg

Re/Max R. E. Specialists License #01251087 Listed on: 02/12/2015

Re/Max R. E. Specialists

Last Buyer's Agent

Rosa Chen

Keller Williams Realty License #01329885

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,675

Year Built

  • Built in 1929

Lot Details

  • 2,557 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 1,360 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 1
  • Assessor Parcel Number 7275015024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,500
  • Gross Income $2,650
  • Net Operating Income $23,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,675

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Genesis (GNS)
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 7275015024
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 365.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2557.00
  • Lot Size Acres: 0.0590

Multi Family

  • Gross Income: 2650.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 2557.0000 Square Feet
  • Net Operating Income: 23471.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8329.00
  • Rent Control: Yes
  • Total Actual Rent: 2650.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Lot: 8
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
Mar 19, 2015
Sold by
Brown Stanley Chisholm
Bought by
Ahlawat Ajay and Ahlawat Deepshikha
Seller's Agent
Steve Landsberg
Re/Max R. E. Specialists
Buyer's Agent
Rosa Chen
Keller Williams Realty
List Price
$569,000
Sold Price
$497,000
Premium/Discount to List
-$72,000
-12.65%
Current Estimated Value
$973,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,165
Avg. Annual Appreciation
7.23%
Original Mortgage
$372,750
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2014
Sold by
Brown Stanley
Bought by
Brown Stanley Chisholm and Brown Nancy Gamp

Purchase Details

Closed on
Oct 20, 2003
Sold by
Nowicki Jacob O
Bought by
Brown Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2002
Sold by
Jeffries Grant E and Powder Alan Laurence
Bought by
Nowicki Jacob O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,811
Interest Rate
6.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Ahlawat Ajay $497,000 First American Title Company
Brown Stanley Chisholm -- None Available
Brown Stanley -- None Available
Brown Stanley $410,000 North American Title Co
Nowicki Jacob O $200,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahlawat Ajay $462,000
Closed Ahlawat Ajay $372,750
Previous Owner Brown Stanley $265,085
Previous Owner Brown Stanley $328,000
Previous Owner Nowicki Jacob O $280,140
Previous Owner Nowicki Jacob O $196,811
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $497,000 -12.7% $365 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $569,000 -- $418 / 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 $7,675 $597,312 $356,945 $240,367
2024 $7,675 $585,601 $349,947 $235,654
2023 $7,546 $574,120 $343,086 $231,034
2022 $7,083 $562,863 $336,359 $226,504
2021 $6,941 $551,827 $329,764 $222,063
2019 $6,842 $535,462 $319,984 $215,478
2018 $6,650 $524,963 $313,710 $211,253
2016 $6,119 $504,579 $301,529 $203,050
2015 $5,738 $485,022 $314,674 $170,348
2014 $5,700 $475,522 $308,510 $167,012
Source: Public Records

Agents Affiliated with this Home

  • Steve Landsberg

    Seller's Agent in 2015

    Steve Landsberg

    RE/MAX

    (562) 547-2431

    36 Total Sales

    Steve Landsberg
    Section Image

  • R

    Buyer's Agent in 2015

    Rosa Chen

    Keller Williams Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15030899

California Regional Multiple Listing Service (CRMLS)

APN: 7275-015-024

California Los Angeles County Long Beach 90802 North Alamitos Beach

1746 E Florida St, Long Beach, CA

This home is located at 1746 E Florida St, Long Beach, CA 90802 since 12 February 2015 and is currently estimated at $973,165, approximately $715 per square foot. This property was built in 1929. 1746 E Florida 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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