Amin Mehrabi
Responds Quickly
Pinnacle Estate Properties, Inc.
(323) 689-5212
37 Total Sales
1 in Los Altos South
$985,000 Price
1851 Palo Verde Ave Long Beach, CA 90815
Los Altos South NeighborhoodEstimated Value: $1,277,000 - $1,382,565
4
Beds
3
Baths
1,589
Sq Ft
$842/Sq Ft
Est. Value
Highlights
- Central Heating and Cooling System
- Vinyl Flooring
- 1-Story Property
- Minnie Gant Elementary School Rated A
About This Home
As of December 2020Provide student housing to the most applied to CSU in California! Less than 50 steps from the CSU Long Beach campus, this property makes sense for both investors and owner-users alike. This opportunity allows you to rent to college students, provide housing for one of your own college children, give your parents or in-laws a private backyard home, and much more!
Featuring 2 new homes on a single lot in the highly sought after neighborhood of Los Altos,the front home is a newly remodeled 3 bed/2 bath. All the major systems have been improved, including new plumbing, new electrical, new AC, fully remodeled kitchen, new flooring, and more. The rear home is new construction and was recently permitted as an ADU, which was completed in May 2020. Being that both homes are new, maintenance and repairs are basically non-existent. Additionally, both homes have their own private yards AND interior laundry. As an added bonus, the property feeds into the award-winning Minnie Gant Elementary school district.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 10/01/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 6,314 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
- Composition Roof
Interior Spaces
- 1,589 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Vinyl Flooring
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 330
- Tax Tract Number 17254
- Assessor Parcel Number 7231012036
Community Details
Overview
- 2 Buildings
- 2 Units
- Los Altos/South Of Fwy Subdivision
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,200
- New Taxes Expense $14,375
- Operating Expense $16,500
- Gross Income $66,000
- Net Operating Income $49,500
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 8, 2022
Sold by
Phan Lauren T
Bought by
Current Estimated Value
Purchase Details
Listed on
Oct 1, 2020
Closed on
Dec 2, 2020
Sold by
Valdez Bros Llc
Bought by
Phan Lauren T
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Marina Parker
Coldwell Banker Realty
List Price
$1,150,000
Sold Price
$990,000
Premium/Discount to List
-$160,000
-13.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$693,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 24, 2019
Closed on
Jun 10, 2019
Sold by
Thompson Alex W
Bought by
Casazza Casazza Suzanne Marie Suzanne Marie and Casazza Thompson Suzanne Marie
Seller's Agent
Jennifer Pok
Trends RE Inc.
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.99%
Original Mortgage
$500,000
Interest Rate
4%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 25, 2019
Sold by
Raymond K Casazza Trust
Bought by
Thompson Suzanne Marie and Casazza Raymond K
Purchase Details
Closed on
Sep 18, 2012
Sold by
Casazza Raymond K
Bought by
Casazza Raymond K and Raymond K Casazza Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Los Altos South, CA
-
Amin Mehrabi
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
72 Total Sales
2 in Los Altos South
$805K - $1.1M Price Range
-
Luis Gallegos
Luis Gallegos
Keller Williams Pacific Estates
(562) 337-3981
35 Total Sales
2 in Los Altos South
$1,725,000 Price Range
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
49 Total Sales
1 in Los Altos South
$875,000 Price
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
1 in Los Altos South
$895,000 Price
-
Sasha Barber
Sasha Barber
Responds QuicklyGuided Realty
(714) 361-1553
8 Total Sales
1 in Los Altos South
$895,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Accommodation/Courtesy Recordi | ||
| Phan Lauren T | $990,000 | First Amer Ttl Of Los Angele | |
| Casazza Casazza Suzanne Marie Suzanne Marie | -- | First American Title Company | |
| Valdez Bros Llc | $550,000 | First American Title Company | |
| Thompson Suzanne Marie | -- | None Available | |
| Casazza Raymond K | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $693,000 | ||
| Previous Owner | Valdez Bros Llc | $250,000 | |
| Previous Owner | Valdez Bros Llc | $500,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/07/2020 12/07/20 | Sold | $990,000 | -0.9% | $623 / Sq Ft | |
| 11/04/2020 11/04/20 | Price Changed | $999,000 | -7.1% | $629 / Sq Ft | |
| 10/09/2020 10/09/20 | Price Changed | $1,075,000 | -6.5% | $677 / Sq Ft | |
| 10/01/2020 10/01/20 | For Sale | $1,150,000 | 0.0% | $724 / Sq Ft | |
| 03/09/2020 03/09/20 | Rented | $3,495 | 0.0% | -- | |
| 02/25/2020 02/25/20 | For Rent | $3,495 | 0.0% | -- | |
| 06/26/2019 06/26/19 | Sold | $550,000 | -8.2% | $556 / Sq Ft | View Prior Sale |
| 05/31/2019 05/31/19 | Pending | -- | -- | -- | |
| 05/24/2019 05/24/19 | For Sale | $599,000 | -- | $606 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $14,641 | $1,136,553 | $681,932 | $454,621 |
| 2025 | $14,641 | $1,114,268 | $668,561 | $445,707 |
| 2024 | $13,984 | $1,092,420 | $655,452 | $436,968 |
| 2023 | $13,249 | $1,029,996 | $717,876 | $312,120 |
| 2022 | $12,432 | $1,009,800 | $703,800 | $306,000 |
| 2021 | $12,166 | $990,000 | $690,000 | $300,000 |
| 2020 | $7,106 | $561,000 | $448,800 | $112,200 |
| 2019 | $5,789 | $70,459 | $30,526 | $39,933 |
| 2018 | $1,032 | $69,078 | $29,928 | $39,150 |
| 2016 | $945 | $66,398 | $28,767 | $37,631 |
| 2015 | $912 | $65,401 | $28,335 | $37,066 |
| 2014 | $913 | $64,120 | $27,780 | $36,340 |
Source: Public Records
Agents Affiliated with this Home
-
Caleb Baldwin
Seller's Agent in 2020
Caleb Baldwin
MJ Financial Services Inc
(562) 572-4978
42 Total Sales
-
Juan Huizar
JH
Seller's Agent in 2020
Juan Huizar
Sage Real Estate Group, Inc.
(562) 725-9009
1 in this area
106 Total Sales
-
Marina Parker
Buyer's Agent in 2020
Marina Parker
Coldwell Banker Realty
(714) 343-9977
48 Total Sales
-
Jennifer Pok
Seller's Agent in 2019
Jennifer Pok
Trends RE Inc.
(562) 505-1107
2 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20206086
APN: 7231-012-036
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.
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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