NOT LISTED FOR SALE

1920 E Bermuda St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,436,000 - $2,103,000

10 Beds
10 Baths
4,678 Sq Ft
$391/Sq Ft Est. Value

Last Sold July 01, 2013

Last sale price $935,000 $200 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $11,171/month

10 Days on Market

About This Home

As of July 2013

This large 4 unit property (4,678 sf) consists of 2 x 2 bd 2 ba; and 2 x 3 bd 3 ba. Quiet neigborhood. Many upgrades. Fully occupied property. Rent for 3 bedrooms are $1,825 each. Rent for 2 bedrooms are $1,295 each. 4 detached garages. large lot (7,497 sf). no laundry on site. PLEASE DO NOT DISTURB TENANTS. Drive by only. Insepction upon accepted offer - no exceptions.

Last Agent to Sell the Property

Chris Comfort

Apex Properties License #01407997 Listed on: 05/22/2013

Last Buyer's Agent

John-Michael Mendoza

Legends Realty License #01359491

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 7,452 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,678 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1
  • Assessor Parcel Number 7275018028

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,440
  • Maintenance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $3,000
  • New Taxes Expense $11,200
  • Gross Income $6,240
  • Net Operating Income $56,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.30
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7275018028
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 199.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 7452.00
  • Lot Size Acres: 0.1710

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1445
  • Gross Income: 6240.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 74880.00
  • Insurance Expense: 1440.00
  • Lot Size Area: 7452.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 56240.00
  • 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: 18640.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11200.00
  • Taxes Percent: 50.00
  • Tax Lot: 10
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2023
Sold by
Foley Donald and Foley Susan
Bought by
Foley Family Revocable Trust and Foley
Current Estimated Value
$1,909,832

Purchase Details

Listed on
May 22, 2013
Closed on
Jun 14, 2013
Sold by
Comfort Christopher M
Bought by
Foley Donald and Foley Susan
Seller's Agent
Chris Comfort
Apex Properties
Buyer's Agent
John-Michael Mendoza
Legends Realty
List Price
$895,000
Sold Price
$935,000
Premium/Discount to List
$40,000
4.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Oct 1, 2012
Sold by
Spagg J Ronald J and Spagg Denise Dangelo
Bought by
Comfort Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,037
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2001
Sold by
Pack David R
Bought by
Spagg J Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Foley Family Revocable Trust -- None Listed On Document
Foley Donald $935,009 North American Title Company
Comfort Christopher M $727,507 North American Title Company
Spagg J Ronald -- Accommodation
Spagg J Ronald $430,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Comfort Christopher M $702,037
Previous Owner Spagg J Ronald $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2013 07/01/13 Sold $935,000 +4.5% $200 / Sq Ft
06/01/2013 06/01/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $895,000 -- $191 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,053 $1,151,374 $905,092 $246,282
2024 $15,053 $1,128,799 $887,346 $241,453
2023 $14,802 $1,106,667 $869,948 $236,719
2022 $13,907 $1,084,969 $852,891 $232,078
2021 $13,618 $1,063,696 $836,168 $227,528
2019 $13,425 $1,032,148 $811,368 $220,780
2018 $12,983 $1,011,910 $795,459 $216,451
2016 $11,929 $972,618 $764,571 $208,047
2015 $11,453 $958,009 $753,087 $204,922
2014 $11,380 $939,244 $738,336 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Chris Comfort

    Seller's Agent in 2013

    Chris Comfort

    Apex Properties

    (818) 917-6558

    9 Total Sales

    Chris Comfort
    Section Image

  • J

    Buyer's Agent in 2013

    John-Michael Mendoza

    Legends Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13095530

California Regional Multiple Listing Service (CRMLS)

APN: 7275-018-028

California Los Angeles County Long Beach 90802 North Alamitos Beach

1920 E Bermuda St, Long Beach, CA

Not Listed for Sale

MultiFamily

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