Seller's Agent in 2022
Mike Dunfee
Dunfee Real Estate Services
(562) 221-2187
1 in this area
149 Total Sales
2116 E Bermuda St Long Beach, CA 90814
North Alamitos Beach NeighborhoodEstimated Value: $1,570,000 - $1,876,000
4
Beds
5
Baths
3,760
Sq Ft
$450/Sq Ft
Est. Value
Highlights
- 0.18 Acre Lot
- No HOA
- Wall Furnace
- Woodrow Wilson High School Rated A
About This Home
As of November 2022Classic Spanish style four-plex with bonus unit in the back. Great set up with four very large one bedroom units. Two upstairs and two downstairs. Tax records show as a four unit property. The bonus unit is approximately 550 sqft single and not believed to be included in tax record sqft. Buyer to verify for themselves. There is a wonderful, spacious yard between the main building and back building. Bonus unit is all electric and is connected to building in back with 4 private garages and ally access. Owner has letter of acknowledgement from the city for the bonus unit. Solid trendy location away from traffic yet still close to the beach and walking distance to Bixby Park and lots of entertainment activities throughout the year. Rents are pretty close to market with a little room to improve. Analysis is using pro forma.
Last Agent to Sell the Property
Dunfee Real Estate Services License #01191497 Listed on: 10/17/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,596
Year Built
- Built in 1924
Lot Details
- 7,923 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 3,760 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 3 / 2
- Tax Tract Number 3
- Assessor Parcel Number 7263006020
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Alamitos Heights Subdivision
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Maintenance Expense $4,800
- Professional Management Expense $5,430
- Trash Expense $1,200
- Water Sewer Expense $1,200
- New Taxes Expense $18,437
- Operating Expense $34,067
- Gross Income $95,400
- Net Operating Income $71,275
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2022
Closed on
Nov 10, 2022
Sold by
Vangor Living Trust
Bought by
Sullivan Living Trust
Seller's Agent
Mike Dunfee
Dunfee Real Estate Services
Buyer's Agent
Mike Dunfee
Dunfee Real Estate Services
List Price
$1,475,000
Sold Price
$1,475,000
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,517
Avg. Annual Appreciation
4.10%
Purchase Details
Closed on
Jul 27, 2021
Sold by
Vangor Robert and Vangor Robert A
Bought by
Vangor Robert and Vangor Living Trust
Purchase Details
Closed on
May 5, 2016
Sold by
Marchigiano Gail M
Bought by
Curry James A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.59%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Sullivan Living Trust | $1,475,000 | Orange Coast Title | |
| Vangor Robert | -- | None Available | |
| Curry James A | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Curry James A | $500,000 | |
| Previous Owner | Vangor Robert A | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/28/2022 11/28/22 | Sold | $1,475,000 | 0.0% | $392 / Sq Ft |
| 11/08/2022 11/08/22 | Pending | -- | -- | -- |
| 10/17/2022 10/17/22 | For Sale | $1,475,000 | -- | $392 / 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 | $19,596 | $1,534,590 | $1,009,188 | $525,402 |
| 2024 | $19,596 | $1,504,500 | $989,400 | $515,100 |
| 2023 | $19,269 | $1,475,000 | $970,000 | $505,000 |
| 2022 | $8,547 | $643,899 | $279,633 | $364,266 |
| 2021 | $8,359 | $631,274 | $274,150 | $357,124 |
| 2020 | $8,336 | $625,322 | $271,339 | $353,983 |
| 2019 | $8,240 | $613,072 | $266,019 | $347,053 |
| 2018 | $7,975 | $601,062 | $260,803 | $340,259 |
| 2016 | $7,328 | $577,225 | $250,677 | $326,548 |
| 2015 | $7,043 | $568,555 | $246,912 | $321,643 |
| 2014 | $7,010 | $557,419 | $242,076 | $315,343 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Dunfee
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22222674
APN: 7263-006-020
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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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