NOT LISTED FOR SALE

1830 E 7th St Long Beach, CA 90813

North Alamitos Beach Neighborhood

Estimated Value: $1,131,000 - $2,746,000

8 Beds
5 Baths
6,054 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $1,825,000 $301 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,228/month

43 Days on Market

About This Home

As of July 2017

The property comprises three buildings on two contiguous parcels. The buildings include a two-bedroom/one-bath single-family home with a den and two buildings that offer a total of one studio, six one-bedroom/one-bath, two two-bedroom/one-bath and one three-bedroom/one-bath units. The property also offers on-site parking.

With substantial potential upside in rents, 1830-1838 East 7th Street presents an excellent opportunity for an astute investor to rehabilitate and reposition the property in order to add value and push rents to market levels. Additionally, a new investor could explore selling the parcels individually as an exit strategy.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 04/24/2017

Co-Listed By

Shane Young

Younglewin Advisors, Inc. License #01963090

Last Buyer's Agent

Shane Young

Marcus & Millichap License #01963090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,756

Year Built

  • Built in 1919

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • 7266-023-010

Parking

  • 6 Car Garage

Home Design

  • 6,054 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 7266023009

Community Details

Overview

  • 3 Buildings
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • Operating Expense $48,039
  • Net Operating Income $76,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,756

Year Built

Built in 1919

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Alamitos Beach
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7266023009
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 301.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7266-023-010
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11668.00

Multi Family

  • Gross Scheduled Income: 128820.00
  • Net Operating Income: 76916.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 48039.00
  • Rent Control: No
  • Total Expenses: 48039.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 31, 2017
Sold by
Kapogianis Konstantinos V and Kapogianis Dimitra K
Bought by
Wsc Investment Partners Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Shane Young
Younglewin Advisors, Inc.
List Price
$1,880,000
Sold Price
$1,825,000
Premium/Discount to List
-$55,000
-2.93%
Current Estimated Value
$1,772,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,667
Avg. Annual Appreciation
-2.46%

Purchase Details

Closed on
Dec 31, 2013
Sold by
Kapogianis Vasiliki A
Bought by
Kapogianis John V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 23, 2004
Sold by
Kapogianis Konstantinos V
Bought by
Kapogianis Konstantinos V and Kapogianis Dimitra K
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
Wsc Investment Partners Llc $1,825,000 Ticor Title
Kapogianis John V -- Chicago Title Company
Kapogianis Konstantinos V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kapogianis John V $725,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $1,825,000 -2.9% $301 / Sq Ft
06/06/2017 06/06/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $1,880,000 -- $311 / 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 $7,756 $568,909 $398,238 $170,671
2024 $7,756 $557,755 $390,430 $167,325
2023 $7,621 $546,820 $382,775 $164,045
2022 $7,167 $536,099 $375,270 $160,829
2021 $7,014 $525,588 $367,912 $157,676
2020 $6,996 $520,500 $364,140 $156,360
2019 $6,915 $510,300 $357,000 $153,300
2018 $6,655 $500,300 $350,000 $150,300
2016 $2,531 $169,638 $88,728 $80,910
2015 $2,442 $167,091 $87,396 $79,695
2014 $2,449 $163,819 $85,685 $78,134
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    93 Total Sales

    Steve Bogoyevac
    Section Image
  • Shane Young

    Seller Co-Listing Agent in 2017

    Shane Young

    Younglewin Advisors, Inc.

    (562) 556-1118

    28 Total Sales

    Shane Young
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17088139

California Regional Multiple Listing Service (CRMLS)

APN: 7266-023-009

California Los Angeles County Long Beach 90802 North Alamitos Beach

1830 E 7th St, Long Beach, CA

This home is located at 1830 E 7th St, Long Beach, CA 90813 since 24 April 2017 and is currently estimated at $1,772,333, approximately $292 per square foot. This property was built in 1919. 1830 E 7th 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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