P
Seller's Agent in 2024
Peter Gillin
Morgan Skenderian
2161 Pasadena Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,443,000 - $1,596,000
12
Beds
4
Baths
4,104
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Garden
- Long Beach Polytechnic High School Rated A
- Laundry Room
- Landscaped
About This Home
As of September 20242161 Pasadena Avenue is an attractive and well-maintained investment property.
Reasons to Consider:
-All spacious 3BR/1BA Units with Renovated Interiors.
-Washer/Dryer Hookups
-6.3% Cap Rate on Current Rents
-Attractive Garden Area & Enclosed Parking
-Located in a high-demand rental area.
Last Agent to Sell the Property
Peter Gillin
Morgan Skenderian Brokerage Email: pdg@morganskenderian.com License #01433769 Listed on: 07/22/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 7,303 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Rectangular Lot
- Garden
- Density is 21-25 Units/Acre
Home Design
- Quadruplex
- Entry on the 2nd floor
Interior Spaces
- 4,104 Sq Ft Home
- 2-Story Property
Kitchen
- Gas Oven
- Gas Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Private Parking
- Paved Parking
- Controlled Entrance
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 009
- Tax Tract Number 28
- Assessor Parcel Number 7208028009
- $875 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Poly High Subdivision
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,250
- Fuel Expense $1,430
- Gardener Expense $1,200
- Insurance Expense $3,500
- Maintenance Expense $11,453
- Other Expense $875
- Professional Management Expense $1,500
- Trash Expense $700
- Water Sewer Expense $700
- New Taxes Expense $16,080
- Operating Expense $38,668
- Gross Income $127,260
- Net Operating Income $84,754
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2024
Closed on
Sep 23, 2024
Sold by
De Wet Family Trust and De Wet Richard
Bought by
Multiprop Dw1 Llc
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Gantry Wilson
Real Broker
List Price
$1,350,000
Sold Price
$1,535,000
Premium/Discount to List
$185,000
13.7%
Views
14
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
-$6,027
Avg. Annual Appreciation
-0.31%
Original Mortgage
$1,067,500
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 22, 2024
Closed on
Aug 29, 2024
Sold by
Mg Brassard Living Trust and Brassard Philippe
Bought by
De Wet Family Trust and De Wet
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Gantry Wilson
Real Broker
List Price
$1,350,000
Sold Price
$1,535,000
Premium/Discount to List
$185,000
13.7%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,067,500
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 9, 2002
Sold by
Brassard M G
Bought by
Brassard M G and The M G Brassard Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.11%
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 |
|---|---|---|---|
| Multiprop Dw1 Llc | -- | None Listed On Document | |
| De Wet Family Trust | $1,535,000 | Ticor Title | |
| Brassard M G | -- | Commerce Title | |
| Brassard M G | $30,000 | Commerce Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | De Wet Family Trust | $1,067,500 | |
| Previous Owner | Brassard M G | $220,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2024 09/18/24 | Sold | $1,535,000 | +13.7% | $374 / Sq Ft |
| 08/09/2024 08/09/24 | Pending | -- | -- | -- |
| 07/22/2024 07/22/24 | For Sale | $1,350,000 | -- | $329 / 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 | $15,603 | $1,535,000 | $600,000 | $935,000 |
| 2024 | $15,603 | $1,179,419 | $428,879 | $750,540 |
| 2023 | $15,342 | $1,156,294 | $420,470 | $735,824 |
| 2022 | $14,408 | $1,133,623 | $412,226 | $721,397 |
| 2021 | $14,113 | $1,111,396 | $404,144 | $707,252 |
| 2019 | $5,978 | $422,654 | $156,055 | $266,599 |
| 2018 | $5,735 | $414,368 | $152,996 | $261,372 |
| 2016 | $5,262 | $398,280 | $147,056 | $251,224 |
| 2015 | $5,063 | $392,299 | $144,848 | $247,451 |
| 2014 | $5,048 | $384,615 | $142,011 | $242,604 |
Source: Public Records
Agents Affiliated with this Home
-
-
Gantry Wilson
Buyer's Agent in 2024
Gantry Wilson
Real Broker
(714) 264-4626
1 in this area
88 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24150039
APN: 7208-028-009
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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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