Antonio Martinez
Keller Williams Pacific Estates
(424) 379-0120
39 Total Sales
1 in Southeast Wrigley
$765,000 Price
1857 Pine Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
12
Beds
10
Baths
12,067
Sq Ft
0.31
Acre Lot
Highlights
- Gated Community
- 13,500 Sq Ft lot
- Traditional Architecture
- Long Beach Polytechnic High School Rated A
- Open Floorplan
- Wood Flooring
About This Home
As of March 2017Two words: Runs Smoothly! This 16 Unit Apartment complex has been extremely well maintained throughout the current owner's decade of ownership. Each unit has many upgrades including granite countertops, new tubs, and tile flooring in many. The building is fully occupied with most of them being long-term tenants of many years. The complex has 12 enclosed garages that are accessed from the rear alley, very large units, and clean and secure common areas, making this building a highly desirable rental in the area. The complex is gated from both front and rear, and offers residents two onsite laundry rooms. The complex is very quiet and residents feel comfortable and at home here. Every unit is seperately metered for electricity and gas. Front lawn includes automatic sprinklers, and complex has automatic common area lighting throughout. The complex also includes two storage rooms under the stairs that currently house spare parts for maintenance and cleaning supplies. The building has been professionally managed for many years and would be happy to meet the new owner to help with either a smooth transition or continued management for the new owner, if its desired. Rents are currently under market because owners haven't been increasing rents regularly, so upside potential is Big! If you're looking for a reliable, passive source of monthly income from Real Estate, this complex gives you all of that and more!
Last Agent to Sell the Property
Beach Cities Management, Inc. License #01704406 Listed on: 11/18/2016
Co-Listed By
Chloe Cruz
Beach Cities Management, Inc. License #01963271
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,866
Year Built
- Built in 1959 | Remodeled
Lot Details
- 13,500 Sq Ft Lot
- Lot Dimensions are 149'x90'
- Two or More Common Walls
- East Facing Home
- Security Fence
- Wrought Iron Fence
- Privacy Fence
- Landscaped
- Level Lot
- Front Yard Sprinklers
- Sprinklers on Timer
- Density is up to 1 Unit/Acre
- 7209021008
Parking
- 12 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Traditional Architecture
- Apartment
- Turnkey
- Raised Foundation
- Fire Rated Drywall
- Shingle Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 12,067 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Blinds
- Window Screens
- Panel Doors
- Courtyard Views
- Leased Washer and Dryer
Kitchen
- Gas Cooktop
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- No Interior Steps
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Legal Lot and Block 38 / A
- Tax Tract Number 38
- Assessor Parcel Number 7209021010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 16 Units
Building Details
- 16 Leased Units
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,288
- Gardener Expense $1,200
- Insurance Expense $3,941
- Maintenance Expense $2,800
- Pest Control $600
- Professional Management Expense $11,054
- Supplies Expense $300
- Trash Expense $4,829
- Water Sewer Expense $5,088
- New Taxes Expense $32,437
- Operating Expense $63,937
- Gross Income $1,440
- Net Operating Income $129,118
Additional Features
- Laundry Facilities
- Gated Community
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
Dec 17, 2019
Sold by
1857 Pine Apartments Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Outstanding Balance
$1,099,525
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 21, 2007
Sold by
Edwards Dustin and Edwards Marla
Bought by
Gerry & Edwards Investments Llc
Purchase Details
Closed on
May 17, 2005
Sold by
Hp & Rp Investment Group Llc
Bought by
Edwards Dustin and Edwards Marla
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 2004
Sold by
Pashaee Ramin
Bought by
Pashaee Ramin and Pashaee Hamid
Purchase Details
Closed on
Jun 15, 2004
Sold by
Naramore J Tyrone
Bought by
Pashaee Ramin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,000
Interest Rate
6.24%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Southeast Wrigley, CA
-
Antonio Martinez
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
110 Total Sales
1 in Southeast Wrigley
$650,000 Price
-
Norma Halvorson
Norma Halvorson
Keller Williams Exclusive Properties
(805) 222-7892
57 Total Sales
1 in Southeast Wrigley
$715,000 Price
-
Dolores Park
Dolores Park
Epique Realty
(805) 273-8301
45 Total Sales
1 in Southeast Wrigley
$819,000 Price
-
Brian Larsen
Brian Larsen
Beverly and Company, Inc.
(323) 553-5369
13 Total Sales
1 in Southeast Wrigley
$700,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in Southeast Wrigley
$681,000 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 |
|---|---|---|---|
| -- | North American Title Company | ||
| Gerry & Edwards Investments Llc | -- | None Available | |
| Edwards Dustin | $855,000 | Ticor Title Orange | |
| Pashaee Ramin | -- | Ticor Title Company Of Calif | |
| Hp & Rp Investment Group Llc | -- | Ticor Title Company Of Calif | |
| Pashaee Ramin | $675,000 | Lawyers Title |
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 |
|---|---|---|---|
| Open | $2,800,000 | ||
| Closed | Gerry & Edwards Investments Llc | $1,175,000 | |
| Previous Owner | Edwards Dustin | $569,000 | |
| Previous Owner | Edwards Dustin | $535,000 | |
| Previous Owner | Pashaee Ramin | $473,000 | |
| Previous Owner | Ramsundar Indrasain | $60,000 |
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 |
|---|---|---|---|---|
| 03/17/2017 03/17/17 | Sold | $2,630,000 | +1.2% | $218 / Sq Ft |
| 11/22/2016 11/22/16 | Pending | -- | -- | -- |
| 11/18/2016 11/18/16 | For Sale | $2,599,900 | 0.0% | $215 / Sq Ft |
| 10/13/2014 10/13/14 | Rented | $950 | 0.0% | -- |
| 10/13/2014 10/13/14 | For Rent | $950 | +19.5% | -- |
| 01/29/2014 01/29/14 | Rented | $795 | 0.0% | -- |
| 12/30/2013 12/30/13 | Under Contract | -- | -- | -- |
| 11/12/2013 11/12/13 | For Rent | $795 | +14.4% | -- |
| 03/04/2013 03/04/13 | Rented | $695 | 0.0% | -- |
| 03/04/2013 03/04/13 | Under Contract | -- | -- | -- |
| 02/19/2013 02/19/13 | For Rent | $695 | -12.6% | -- |
| 02/10/2012 02/10/12 | Rented | $795 | 0.0% | -- |
| 02/10/2012 02/10/12 | Under Contract | -- | -- | -- |
| 11/28/2011 11/28/11 | For Rent | $795 | -- | -- |
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 | $21,113 | $1,556,688 | $591,897 | $964,791 |
| 2025 | $21,113 | $1,526,166 | $580,292 | $945,874 |
| 2024 | $20,189 | $1,496,242 | $568,914 | $927,328 |
| 2023 | $19,842 | $1,466,905 | $557,759 | $909,146 |
| 2022 | $18,640 | $1,438,143 | $546,823 | $891,320 |
| 2021 | $18,244 | $1,409,945 | $536,101 | $873,844 |
| 2019 | $17,983 | $1,368,996 | $520,200 | $848,796 |
| 2018 | $17,466 | $1,342,170 | $510,000 | $832,170 |
| 2016 | $11,930 | $932,042 | $654,650 | $277,392 |
| 2015 | $11,466 | $918,043 | $644,817 | $273,226 |
| 2014 | $11,418 | $900,060 | $632,186 | $267,874 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Edwards
JE
Seller's Agent in 2017
Justin Edwards
Beach Cities Management, Inc.
(562) 888-0247
4 Total Sales
-
CC
Seller Co-Listing Agent in 2017
Chloe Cruz
Beach Cities Management, Inc.
-
Jon Swire
Buyer's Agent in 2017
Jon Swire
The Agency
(310) 948-2631
3 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16749835
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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