NOT LISTED FOR SALE

214 Atlantic Ave Long Beach, CA 90802

East Village Neighborhood
2 Beds
4 Baths
2,662 Sq Ft
1,669 Sq Ft Lot

Last Sold May 02, 2018

Last sale price $1,025,000 $385 Per Sq Ft

18 Days on Market

About This Home

As of May 2018

DELIVERED VACANT!!! 4-unit mixed-use property located in highly desirable downtown Long Beach. Just blocks from the ocean and primely located on Atlantic Ave, this building is surrounded by shops and restaurants. The building generates both residential income from the 2nd floor units as well as retail income onthe 1st floor. Just around the corner is Vons shopping center, the only local grocery store in the area. The two most notable aspects of this opportunity is the building will be delivered 100% vacant and sold together with the rear parking lot. The upstairs units are currently operated as a 2+2, however, legally the building is (2) 1+1 units that would need to be converted back. Must be sold together with rear parking lot: APN 7281-014-014 for additional $175,000. Address for parking lot is 609 E Broadway and the lot size is 2,539 SF.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 03/09/2018

RE/MAX One

Last Buyer's Agent

Arlin Chavarria

Keller Williams SELA License #02002336

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,509

Year Built

  • Built in 1915

Lot Details

  • 1,669

Interior Spaces

  • 2,662 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Private Parking

Additional Features

  • 1,669 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7281-014-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,509

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 2662
  • Stories: 2
  • Year Built: 1915
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 356.87

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Private
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Value: 221883
  • Assessed Land Value: 92726
  • Assessor Parcel Number: 7281-014-012
  • Geocode Override: No
  • Lot Size Area: 1669

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.06
  • Number Of Units: 4
  • Total Annual Expense: 23640
  • Type Of Units: 1+1, retail
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 3, 2018
Sold by
Brahmbhatt Harish
Bought by
Socal Equity Holdings Llc
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Arlin Chavarria
Keller Williams SELA
List Price
$950,000
Sold Price
$1,025,000
Premium/Discount to List
$75,000
7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,000
Interest Rate
4.45%

Purchase Details

Closed on
Jan 14, 2017
Sold by
Brahmbatt Harish
Bought by
Brahmbhatt Harish and Brahmbhatt Sharon

Purchase Details

Closed on
Dec 7, 2010
Sold by
Mccarthy Rick E
Bought by
Brahmbhatt Harish and Brahmbhatt Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2009
Sold by
East Village Properties Inc
Bought by
Mccarthy Rick E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 2004
Sold by
Hipshman Jeffrey
Bought by
East Village Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2000
Sold by
Sutton Marjorie V
Bought by
Sutton Marjorie
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Socal Equity Holdings Llc $1,025,000 North American Title
Brahmbhatt Harish -- None Available
Brahmbhatt Harish $415,000 First American Title Company
Mccarthy Rick E $190,000 First American Title Company
East Village Properties Inc $460,000 First American Title Ins Co
Sutton Lawrence G -- First American Title Ins Co
Hipshman Jeffrey -- First American Title Ins Co
Sutton Marjorie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Socal Equity Holdings Llc $1,520,000
Closed Socal Equity Holdings Llc $210,000
Closed Socal Equity Holdings Llc $667,000
Previous Owner Brahhbhatt Harish $475,000
Previous Owner Brahmbhatt Harish $20,000
Previous Owner Brahmbhatt Harish $249,000
Previous Owner Mccarthy Rick E $190,000
Previous Owner East Village Properties Inc $431,000
Previous Owner East Village Properties Inc $280,000
Closed East Village Properties Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2018 05/02/18 Sold $1,025,000 +7.9% $385 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $950,000 -- $357 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $10,509 $740,720 $275,352 $465,368
2024 $10,509 $726,197 $269,953 $456,244
2023 $10,306 $711,959 $264,660 $447,299
2022 $9,692 $698,000 $259,471 $438,529
2021 $9,296 $684,315 $254,384 $429,931
2019 $9,140 $664,020 $246,840 $417,180
2018 $4,917 $320,900 $94,580 $226,320
2016 $4,525 $308,441 $90,908 $217,533
2015 $4,357 $303,809 $89,543 $214,266
2014 $4,316 $297,858 $87,789 $210,069
Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2018

    Chase Simonton

    RE/MAX

    (310) 383-5927

    81 Total Sales

    Chase Simonton
    Section Image

  • A

    Buyer's Agent in 2018

    Arlin Chavarria

    Keller Williams SELA

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Map

Source: The MLS

MLS Number: 18-321672

The MLS

APN: 7281-014-012

California Los Angeles County Long Beach 90802 East Village

214 Atlantic Ave, Long Beach, CA

This home is located at 214 Atlantic Ave, Long Beach, CA 90802 since 09 March 2018. This property was built in 1915. 214 Atlantic Ave is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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