NOT LISTED FOR SALE

Estimated Value: $1,264,327 - $1,355,000

4 Beds
4 Baths
3,544 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $1,300,000 $367 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,806/month

63 Days on Market

Highlights

  • Fishing
  • 0.17 Acre Lot
  • Dual Staircase
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of October 2024

This Charming Quadraplex is located in the heart of Alamitos Beach- walking distance to the beach and hosts four spacious one-Bedroom, one-Bathroom Units. The Upstair units are accessible by both a private vestibule with an interior staircase and a back, exterior, stairway. There are four, detached, 1-Car Garages at the rear of the property, with a huge backyard between the complex and garages. A coin operated Laundry Room is located at the center of the complex, accessible from the back porch and one of the units. There is also potential to add additional units. This is to be determined by a buyer confirming with the City of Long Beach. All units are spacious, light, bright and airy, feature endless character, vintage built-ins, large closets, and storage.

Last Agent to Sell the Property

Kathy Cruz

Kathy Cruz, Broker Brokerage Phone: 714-767-1274 License #01820608 Listed on: 08/05/2024

Last Buyer's Agent

Ryan Pratt

Skyline Commercial Real Estate License #02179841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,258 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 6th floor
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 3,544 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Ceiling Fan
  • Living Room
  • Storage

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Disposal

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 9
  • Assessor Parcel Number 7275018010
  • $896 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $1,674
  • Gardener Expense $3,000
  • Insurance Expense $2,571
  • Trash Expense $941
  • Water Sewer Expense $3,086
  • New Taxes Expense $5,349
  • Operating Expense $19,621
  • Gross Income $1,800
  • Net Operating Income $54,179

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: Washer and Dryer
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3085.50
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 7275018010
  • Year Built: 1921
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 6
  • Levels: Two
  • Price Per Square Foot: 366.82
  • Room Type: Galley Kitchen, Kitchen, Living Room

Exterior Features

  • Foundation: Combination
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Side by Side
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Laundry Features: Common Area, Community, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 941.16
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Hiking, Gutters, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7258.00
  • Lot Size Acres: 0.1666

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Fuel Expense: 1674.00
  • Gross Income: 1800.00
  • Gross Scheduled Income: 73800.00
  • Insurance Expense: 2571.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Lot Size Area: 7258.0000 Square Feet
  • Net Operating Income: 54179.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Disposal: 4
  • Number With Range: 2
  • Operating Expense: 19621.00
  • Rent Control: No
  • Total Expenses: 19621.40

Tax Info

  • New Taxes Expense: 5349.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 896.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Oct 11, 2024
Sold by
Alfieri Christopher Jon and Enterline Andrea Lynn
Bought by
Giakoumis Vicky M
Seller's Agent
Kathy Cruz
Kathy Cruz, Broker
Buyer's Agent
Ryan Pratt
Skyline Commercial Real Estate
List Price
$1,600,000
Sold Price
$1,300,000
Premium/Discount to List
-$300,000
-18.75%
Views
19
Current Estimated Value
$1,364,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,871
Avg. Annual Appreciation
1.20%

Purchase Details

Closed on
Sep 15, 2022
Sold by
Leonard Alfieri Family Trust
Bought by
Alfieri Christopher Jon and Enterline Andrea Lynn

Purchase Details

Closed on
May 26, 2021
Sold by
Truax John Lee

Purchase Details

Closed on
Feb 20, 2003
Sold by
Alfieri Leonard
Bought by
Alfieri Leonard and Leonard Alfieri Family Trust

Purchase Details

Closed on
May 4, 1998
Sold by
Kotchian Kotchian A
Bought by
Alfieri Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,284
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 1995
Sold by
Annas Ida Martha
Bought by
Swift Anita Ireme and Swift George Richard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Giakoumis Vicky M $1,300,000 Fidelity National Title
Alfieri Christopher Jon -- --
-- -- --
Alfieri Leonard -- --
Alfieri Leonard $255,000 Continental Title
Swift Anita Ireme -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alfieri Leonard $245,284
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $1,300,000 -18.8% $367 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $1,600,000 -- $451 / 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 $19,862 $1,300,000 $780,000 $520,000
2024 $19,862 $1,534,590 $1,066,410 $468,180
2023 $5,678 $391,340 $191,835 $199,505
2022 $5,349 $383,668 $188,074 $195,594
2021 $5,218 $376,146 $184,387 $191,759
2019 $5,142 $364,991 $178,919 $186,072
2018 $4,936 $357,835 $175,411 $182,424
2016 $4,529 $343,942 $168,600 $175,342
2015 $4,358 $338,777 $166,068 $172,709
2014 $4,347 $332,141 $162,815 $169,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24160745

California Regional Multiple Listing Service (CRMLS)

APN: 7275-018-010