NOT LISTED FOR SALE

Estimated Value: $1,544,667

11 Beds
6 Baths
4,012 Sq Ft
$385/Sq Ft Est. Value

Sale Details

Date Sold: July 29, 2018

Last sale price $1,110,000 $277 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $9,914 / mo

6 Days on Market

Highlights

  • Laundry Facilities
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of July 2018

We are pleased to present 1882 Lime, a large 4 Unit Income Producing Property with additional non-permitted 5th unit for additional cash flow. Located in the Poly Neighborhood of Long Beach, this property is comprised of 4 2 bed/1bath units and 1 3bed/2bath unit spread across 2 buildings. 4 garages and laundry room for additional cash flow. Owner's have invested to upgrade roof, exterior, 3 of 5 units have been redone within the last year. Priced at 12.23 GRM and a 5.1% Cap Rate on current rents with 11% upside for new owner.

Last Agent to Sell the Property

John Alden

John Alden License #02007413 Listed on: 06/22/2018

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,536 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • 4,012 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,704
  • Fuel Expense $717
  • Insurance Expense $2,000
  • Trash Expense $717
  • Water Sewer Expense $1,568
  • New Taxes Expense $14,450
  • Operating Expense $21,156
  • Gross Income $95,280
  • Net Operating Income $58,957

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

5,536 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Subdivision Name Other: Signal Terrace (SGT)
  • Water Sewer Expenses: 1568.00
  • Property Type: Residential Income
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 276.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 717.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5536.00

Multi Family

  • Electric Expense: 1704.00
  • Fuel Expense: 717.00
  • Gross Income: 95280.00
  • Gross Multiplier: 12.23
  • Gross Scheduled Income: 95280.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 58957.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 31739.00
  • Rent Control: No
  • Total Actual Rent: 7640.00
  • Total Expenses: 21156.00

Tax Info

  • New Taxes Expense: 14450.00
  • Tax Lot: 13
  • Tax Tract Number: 1

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 4, 2026
Sold by
Bought by
Current Estimated Value
$1,544,667

Purchase Details

Closed on
May 22, 2025
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2022
Sold by
Bought by

Purchase Details

Listed on
Jun 22, 2018
Closed on
Jul 6, 2018
Sold by
Bought by
Seller's Agent
John Alden
John Alden
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$11,650,000
Sold Price
$1,110,000
Premium/Discount to List
-$10,540,000
-90.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$705,250
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 22, 2018
Closed on
Jul 5, 2018
Sold by
Bought by
Seller's Agent
John Alden
John Alden
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$11,650,000
Sold Price
$1,110,000
Premium/Discount to List
-$10,540,000
-90.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,250
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 10, 2016
Closed on
May 4, 2017
Sold by
Bought by
Seller's Agent
Jesse Elsanhuty
Jesse Elsanhuty, Broker
Buyer's Agent
John Alden
John Alden
List Price
$925,000
Sold Price
$890,000
Premium/Discount to List
-$35,000
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.85%
Original Mortgage
$578,500
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 10, 2013
Closed on
May 30, 2013
Sold by
Bought by
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Carol Rayburn
C-21 Astro
List Price
$589,000
Sold Price
$615,000
Premium/Discount to List
$26,000
4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$461,250
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2011
Sold by
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
$315,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2010
Sold by
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
$262,500
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2005
Sold by
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
$570,000
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2005
Sold by
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
$570,000
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 13, 2005
Sold by
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
$359,650
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
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
$359,650
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2003
Sold by
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
$403,244
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2000
Sold by
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
$327,302
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2000
Sold by
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
$327,302
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 1997
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,535,000 Commonwealth Title
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
$1,110,000 Ticor Title Company
-- Ticor Title Company
$890,000 Chicago Title Company
$615,000 Fidelity National Title Oran
$420,000 Equity Title Company
-- Investors Title Company
$350,000 Investors Title Company
-- Diversified Title & Escrow S
$760,000 Diversified Title & Escrow S
-- Landwood Title Company
$730,000 Landwood Title Company
-- --
$504,500 Fatcola
$387,534 First American Title Co
$387,534 First American Title Ins Co
-- --
-- --
$330,000 United Title Company
$10,000 --
-- Chicago Title Co
$162,500 Chicago Title Co
$139,000 Chicago Title Co
$175,000 Stewart 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
Closed $705,250
Previous Owner $578,500
Previous Owner $472,000
Previous Owner $461,250
Previous Owner $315,000
Previous Owner $262,500
Previous Owner $570,000
Previous Owner $359,650
Previous Owner $403,244
Previous Owner $327,302
Previous Owner $110,000
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
07/29/2018 07/29/18 Sold $1,110,000 -90.5% $277 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $11,650,000 +1209.0% $2,904 / Sq Ft
05/10/2017 05/10/17 Sold $890,000 0.0% $222 / Sq Ft View Prior Sale
04/24/2017 04/24/17 Off Market $890,000 -- --
02/23/2017 02/23/17 Pending -- -- --
02/17/2017 02/17/17 Price Changed $890,000 -3.8% $222 / Sq Ft
06/10/2016 06/10/16 For Sale $925,000 +50.4% $231 / Sq Ft
07/15/2013 07/15/13 Sold $615,000 +4.4% $153 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $589,000 +40.2% $147 / Sq Ft
03/09/2012 03/09/12 Sold $420,000 -9.7% $105 / Sq Ft View Prior Sale
01/25/2012 01/25/12 Pending -- -- --
12/07/2011 12/07/11 For Sale $465,000 -- $116 / 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
2025 $16,878 $1,238,221 $446,205 $792,016
2024 $16,131 $1,213,943 $437,456 $776,487
2023 $15,857 $1,190,141 $428,879 $761,262
2022 $14,781 $1,166,806 $420,470 $746,336
2021 $14,479 $1,143,928 $412,226 $731,702
2020 $14,441 $1,133,060 $408,000 $725,060
2019 $14,273 $1,110,860 $400,000 $710,860
2018 $11,681 $908,660 $306,000 $602,660
2016 $8,011 $636,852 $207,106 $429,746
2015 $7,697 $627,287 $203,996 $423,291
2014 $7,657 $615,000 $200,000 $415,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18150381

California Regional Multiple Listing Service (CRMLS)

APN: 7210-015-014

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