NOT LISTED FOR SALE

226 Atlantic Ave Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,348,781

3 Beds
3 Baths
3,367 Sq Ft
$401/Sq Ft Est. Value

Last Sold August 07, 2013

Last sale price $655,000 $195 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $8,145/month

82 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.12 Acre Lot
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Fireplace in Bathroom
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2013

Don't pass up this beautiful Deco Style Commercial Store Front Building with Duplex Residential Income in the Rear This offering is located on a great street with a high demand retail location in the East Village Arts District of Long Beach and a short walk to the beach. Operate any number of businesses. Owner-user mix use, 1,830 apx sq.ft. 1 story store front with fabulously high ceiling Rear duplex could serve as your living quarters or to offset expenses. Current month to month rent for duplex is $1,600 for 2 bed/1 bath approx. 860 sq.ft. & $1200 asking for 1 bed/1bath aprox. 540 sq.ft. The units are well maintained in and out with upgraded kitchens and baths with washer and dryers in both units One secured off street parking per duplex unit. The history of the building is enough to make you fall in love with this unusual and architectural find.

Zoning: DOWNTOWN PLANNED DEVELOPMENT DISTRICT (PD-30). Allows for the following property uses: General Business, Retail & Residential.

Last Agent to Sell the Property

Susan Boyle

Reel Properties License #01056722 Listed on: 04/08/2013

Last Buyer's Agent

Susan Boyle

Reel Properties License #01056722 Listed on: 04/08/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,509

Year Built

  • Built in 1933

Lot Details

  • 5,019 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,367 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Dryer

Parking

  • 2 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Sewer on Bond

Additional Features

  • Fireplace in Patio
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Legal Lot and Block 14 / 94
  • Tax Tract Number 26614
  • Assessor Parcel Number 7281014011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Insurance Expense $1,200
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $9,063
  • Gross Income $6,300
  • Net Operating Income $49,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,509

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Parcel Number: 7281014011
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Bath, Electric, Gas, Living Room, Patio
  • Levels: One
  • Price Per Square Foot: 194.54
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included
  • Sewer: Sewer On Bond
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5019.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average1 Bed Area: 540
  • Average2 Bed Area: 860
  • Electric Expense: 200.00
  • Gross Income: 6300.00
  • Gross Multiplier: 14.54
  • Gross Scheduled Income: 58860.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5019.0000 Square Feet
  • Net Operating Income: 49860.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 9000.00
  • Operating Expense Percent: 100.00
  • Rent Control: No
  • Total Actual Rent: 2575.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9063.00
  • Tax Block: 94
  • Tax Lot: 14
  • Tax Tract Number: 26614
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2013
Closed on
Aug 21, 2013
Sold by
Hudani Altaf and Costa Ducie C
Bought by
Hudani Altaf and Costa Dulce C
Seller's Agent
Susan Boyle
Reel Properties
Buyer's Agent
Susan Boyle
Reel Properties
List Price
$725,000
Sold Price
$655,000
Premium/Discount to List
-$70,000
-9.66%
Current Estimated Value
$1,348,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693,781
Avg. Annual Appreciation
6.12%
Original Mortgage
$487,500
Outstanding Balance
$363,021
Interest Rate
4.27%
Estimated Equity
$982,417

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jul 19, 2013
Sold by
Scott G Clark
Bought by
Hudani Altaf and Costa Dulce
Seller's Agent
Susan Boyle
Reel Properties
Buyer's Agent
Susan Boyle
Reel Properties
List Price
$725,000
Sold Price
$655,000
Premium/Discount to List
-$70,000
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$363,021
Interest Rate
4.27%
Estimated Equity
$982,417

Purchase Details

Closed on
Aug 13, 2002
Sold by
Womack Judith
Bought by
Scott G Clark

Purchase Details

Closed on
Oct 6, 2000
Sold by
Goetz Frank F Tr Goetz Family Trust
Bought by
Womack Judith and Clark Scott G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1997
Sold by
Stewart Title Of California Inc
Bought by
Goetz Frank F
Source: Public Records

Range of Values:

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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
Hudani Altaf -- Lawyers Title La
Hudani Altaf $650,000 None Available
Scott G Clark -- --
Womack Judith $240,000 North American Title Co
Goetz Frank F -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hudani Altaf $487,500
Closed Hudani Altaf $95,000
Previous Owner Scott G Clark $273,000
Previous Owner Womack Judith $220,000
Closed Womack Judith $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2013 08/07/13 Sold $655,000 -9.7% $195 / Sq Ft
06/29/2013 06/29/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $725,000 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,509 $796,801 $367,754 $429,047
2024 $11,509 $781,179 $360,544 $420,635
2023 $11,289 $765,863 $353,475 $412,388
2022 $10,625 $750,847 $346,545 $404,302
2021 $10,252 $736,125 $339,750 $396,375
2020 $10,206 $728,578 $336,267 $392,311
2019 $10,075 $714,293 $329,674 $384,619
2018 $9,744 $700,288 $323,210 $377,078
2016 $8,966 $673,097 $310,660 $362,437
2015 $8,617 $662,987 $305,994 $356,993
2014 $8,540 $650,000 $300,000 $350,000
Source: Public Records

Agents Affiliated with this Home

  • Susan Boyle

    Seller's Agent in 2013

    Susan Boyle

    Reel Properties

    (562) 715-3905

    1 in this area

    48 Total Sales

    Susan Boyle
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13061625

California Regional Multiple Listing Service (CRMLS)

APN: 7281-014-011

California Los Angeles County Long Beach 90802 East Village

226 Atlantic Ave, Long Beach, CA

This home is located at 226 Atlantic Ave, Long Beach, CA 90802 since 08 April 2013 and is currently estimated at $1,348,781, approximately $400 per square foot. This property was built in 1933. 226 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.

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.

California Regional Multiple Listing Service (CRMLS) 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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