T
Seller's Agent in 2020
Tim Lam
Showcase Properties
1907 Lewis Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,164,000 - $1,302,000
8
Beds
4
Baths
3,060
Sq Ft
$412/Sq Ft
Est. Value
Highlights
- Gated Parking
- Private Yard
- Double Pane Windows
- Long Beach Polytechnic High School Rated A
- Balcony
- 2-minute walk to Martin Luther King Jr Park
About This Home
As of July 20201907 Lewis Ave is a great 4-Plex investment in a high rental demand area of Long Beach. All 4 units are 2 bedrooms /1 bath. Constructed in 1983 with copper plumbing which is a plus. The front is fenced, has nice curb appeal, a lush green lawn, and tropical palm trees. Units are all individually metered for gas and electric with separate exterior water heaters. Select units have been fully renovated with tile flooring, cabinets, quartz countertop, led lighting, and neutral paint. Additional improvements include new exterior paint, new roof, iron concrete stairways, low energy outdoor lighting, and water conservation paver sidewalk. This property is professionally managed and maintained. The upstairs units both offer rear balconies great for lounging outside on those warm summer days. Tenants are long term section 8 tenants with some living there prior to ownership. There is plenty of upside in rental income. In the rear, there is a carport with 9 parking spaces and a security gate, which is a valuable commodity in Long Beach. Property is conveniently located near schools, colleges, shopping, downtown, and minutes away from the freeway. Investment opportunities like this rarely come around.
Last Agent to Sell the Property
Tim Lam
Showcase Properties License #01472734 Listed on: 05/17/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983 | Remodeled
Lot Details
- 6,528 Sq Ft Lot
- 1 Common Wall
- Private Yard
- Lawn
- Garden
- Front Yard
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
- Copper Plumbing
Interior Spaces
- 3,060 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Awning
- Window Screens
- Living Room
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 5 Open Parking Spaces
- 9 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Gated Parking
- Paved Parking
Outdoor Features
- Balcony
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 16 / 1
- Tax Tract Number 5733
- Assessor Parcel Number 7210019016
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $338
- Insurance Expense $1,056
- Trash Expense $1,005
- Water Sewer Expense $1,497
- New Taxes Expense $14,362
- Operating Expense $15,189
- Net Operating Income $62,102
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 23, 2022
Sold by
Hall Adrian W
Bought by
Dianthus Holdings Llc
Current Estimated Value
Purchase Details
Listed on
May 17, 2020
Closed on
Jun 25, 2020
Sold by
Lam Tim and Lam Thoakim
Bought by
Hall Adrian W
Seller's Agent
Tim Lam
Showcase Properties
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,149,000
Sold Price
$1,000,000
Premium/Discount to List
-$149,000
-12.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$750,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 20, 2019
Sold by
Lam Tim and Lam Thoakim
Bought by
Lam Tim and Lam Thoakim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 23, 2017
Sold by
Lam Tim
Bought by
Lam Tim and Lam Thoa Kim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 5, 2014
Closed on
Mar 30, 2015
Sold by
Bermudez Arturo S
Bought by
Lam Tim and Lam Thoakim
Seller's Agent
Rich McHugh
Realty One Group West
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$680,000
Sold Price
$665,000
Premium/Discount to List
-$15,000
-2.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Purchase Details
Closed on
Oct 5, 2012
Sold by
Bermudez Arturo S
Bought by
Bermudez Arturo S and Bermudez Rhoda G
Purchase Details
Closed on
Dec 14, 2004
Sold by
Nguyen David
Bought by
Bermudez Arturo S and Bermudez Rhoda G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,200
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 17, 2002
Sold by
Nguyen David
Bought by
Nguyen David and Nguyen Suzette Pham
Purchase Details
Closed on
Oct 30, 2002
Sold by
Olympus Servicing Lp
Bought by
Nguyen David and Nguyen Suzette Pham
Purchase Details
Closed on
Jul 15, 2002
Sold by
Franklin Ronald
Bought by
Olympus Servicing Lp and Calmco Servicing Lp
Purchase Details
Closed on
Jan 14, 2002
Sold by
Redd Samuel
Bought by
Franklin Ronald
Purchase Details
Closed on
Sep 28, 2001
Sold by
Franklin Ronald
Bought by
Franklin Ronald and Redd Samuel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,750
Interest Rate
9.37%
Purchase Details
Closed on
Aug 21, 2001
Sold by
Wadley Barney
Bought by
Franklin Ronald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,750
Interest Rate
9.37%
Purchase Details
Closed on
Nov 17, 2000
Sold by
Taylor Tina
Bought by
Wadley Barney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.81%
Purchase Details
Closed on
Dec 12, 1999
Sold by
Taylor Tina
Bought by
Houston Kesha
Purchase Details
Closed on
Jul 8, 1999
Sold by
Hardie Richard
Bought by
Taylor Tina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
9.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dianthus Holdings Llc | -- | Old Republic Title | |
| Hall Adrian W | $1,000,000 | Old Republic Title Company | |
| Lam Tim | -- | Ticor Title | |
| Lam Tim | -- | Ticor Title Company Of Ca | |
| Lam Tim | $665,000 | Lawyers Title Company | |
| Bermudez Arturo S | -- | None Available | |
| Bermudez Arturo S | $659,000 | Chicago Title | |
| Nguyen David | $11,950,000 | -- | |
| Nguyen David | $298,000 | Fidelity National Title Co | |
| Olympus Servicing Lp | $279,986 | Fidelity National Title | |
| Franklin Ronald | -- | -- | |
| Franklin Ronald | -- | -- | |
| Franklin Ronald | $300,000 | Investors Title Company | |
| Wadley Barney | $280,000 | Gateway Title | |
| Taylor Tina | -- | Gateway Title | |
| Houston Kesha | -- | -- | |
| Taylor Tina | $190,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hall Adrian W | $750,000 | |
| Previous Owner | Lam Tim | $602,000 | |
| Previous Owner | Lam Tim | $400,000 | |
| Previous Owner | Bermudez Arturo S | $527,200 | |
| Previous Owner | Franklin Ronald | $284,750 | |
| Previous Owner | Wadley Barney | $224,000 | |
| Previous Owner | Taylor Tina | $161,500 | |
| Closed | Franklin Ronald | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2020 07/23/20 | Sold | $1,000,000 | -13.0% | $327 / Sq Ft | |
| 06/17/2020 06/17/20 | Pending | -- | -- | -- | |
| 05/17/2020 05/17/20 | For Sale | $1,149,000 | +72.8% | $375 / Sq Ft | |
| 03/31/2015 03/31/15 | Sold | $665,000 | -2.2% | $216 / Sq Ft | View Prior Sale |
| 03/31/2015 03/31/15 | Pending | -- | -- | -- | |
| 12/05/2014 12/05/14 | For Sale | $680,000 | -- | $221 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,994 | $1,082,430 | $432,972 | $649,458 |
| 2024 | $16,994 | $1,298,460 | $870,060 | $428,400 |
| 2023 | $13,815 | $1,040,400 | $416,160 | $624,240 |
| 2022 | $12,973 | $1,020,000 | $408,000 | $612,000 |
| 2021 | $12,710 | $1,000,000 | $400,000 | $600,000 |
| 2020 | $9,569 | $730,789 | $274,732 | $456,057 |
| 2019 | $9,458 | $716,461 | $269,346 | $447,115 |
| 2018 | $9,145 | $702,414 | $264,065 | $438,349 |
| 2017 | $9,049 | $688,642 | $258,888 | $429,754 |
| 2016 | $8,412 | $675,140 | $253,812 | $421,328 |
| 2015 | $9,197 | $764,306 | $405,929 | $358,377 |
| 2014 | $9,143 | $749,335 | $397,978 | $351,357 |
Source: Public Records
Agents Affiliated with this Home
-
-
Anthony Walker
Buyer's Agent in 2020
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
89 Total Sales
-
R
Seller's Agent in 2015
Rich McHugh
Realty One Group West
-
NoEmail NoEmail
N
Buyer's Agent in 2015
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
4 in this area
6,235 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR20094086
APN: 7210-019-016
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
Nearby Homes
- 1084 E 19th St
- 910 E 19th St
- 1872 Lemon Ave
- 1941 Olive Ave
- 1030 E 21st St
- 2051 Orange Ave
- 1204 E Smith Place
- 1211 E Leigh Ct
- 1339 E Wesley Dr
- 2123 Atlantic Ave
- 1631 Atlantic Ave
- 2186 Lime Ave
- 430 E Esther St
- 405 E Esther St
- 1416 Orange Ave
- 302 E 19th St Unit 7
- 1403 Lemon Ave
- 412 E 16th St
- 402 E 16th St
- 1584 Elm Ave
- 1911 Lewis Ave
- 1905 Lewis Ave
- 1915 1/2 Lewis Ave
- 1915 Lewis Ave
- 1903 Lewis Ave
- 1031 E 19th St
- 1920 Martin Luther King jr Ave
- 1910 Martin Luther King jr Ave
- 1930 Martin Luther King jr Ave
- 1917 Lewis Ave
- 1936 Martin Luther King jr Ave
- 1065 E 19th St
- 1906 Lewis Ave
- 1902 Lewis Ave
- 1914 Lewis Ave
- 1951 Lewis Ave
- 1938 Martin Luther King jr Ave
- 1918 Lewis Ave
- 1050 E 19th St
- 1060 E 19th St