NOT LISTED FOR SALE

2342 Pasadena Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,132,000 - $1,454,794

5 Beds
3 Baths
2,839 Sq Ft
$456/Sq Ft Est. Value

Sale Details

Date Sold: August 3, 2018

Last sale price $980,000 $345 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $8,259 / mo

18 Days on Market

Highlights

  • Landscaped
  • Long Beach Polytechnic High School Rated A
  • 1-Story Property

About This Home

As of August 2018

2342-2346 Pasadena Avenue is a 3-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.15-acre lot, the 2,839 square foot property consists of two- and three-bedroom floor plans averaging over 940 square feet. Built in 1987 and 2016, the Property offers amenities including garage and open parking and gated entry.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/17/2018

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Interior Spaces

  • 2,839 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 573201
  • Assessor Parcel Number 7208017008

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $510
  • Fuel Expense $510
  • Insurance Expense $1,000
  • Maintenance Expense $1,500
  • Other Expense $2,025
  • Trash Expense $510
  • Water Sewer Expense $510
  • New Taxes Expense $12,472
  • Operating Expense $19,037
  • Gross Income $57,960
  • Net Operating Income $37,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Signal Hill (SH)
  • Water Sewer Expenses: 510.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7208017008
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 345.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 510.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6534.00

Multi Family

  • Electric Expense: 510.00
  • Fuel Expense: 510.00
  • Gross Income: 57960.00
  • Gross Operating Income: 56221.00
  • Gross Scheduled Income: 57960.00
  • Insurance Expense: 1000.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 37184.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 19037.00
  • Other Expense: 2025.00
  • Rent Control: No
  • Total Actual Rent: 4830.00
  • Total Expenses: 19037.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12472.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 7
  • Tax Tract Number: 573201

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2018
Sold by
Bought by
Current Estimated Value
$1,294,699

Purchase Details

Listed on
May 17, 2018
Closed on
Jul 31, 2018
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$980,000
Sold Price
$980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$612,500
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 19, 2018
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$980,000
Sold Price
$980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2012
Sold by
Bought by

Purchase Details

Closed on
May 19, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
0.0899%

Purchase Details

Closed on
Feb 16, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- Chicago Title Company
$980,000 Chicago Title Company
$392,500 Premium Title Of Ca Inc
$593,294 None Available
-- American Title Co
$199,900 Orange Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $612,500
Previous Owner $171,900
Previous Owner $495,000
Previous Owner $91,831
Previous Owner $208,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2018 08/03/18 Sold $980,000 0.0% $345 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $980,000 -- $345 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,694 $1,093,204 $334,654 $758,550
2024 $14,054 $1,071,770 $328,093 $743,677
2023 $13,820 $1,050,756 $321,660 $729,096
2022 $12,976 $1,030,153 $315,353 $714,800
2021 $12,718 $1,009,955 $309,170 $700,785
2020 $12,685 $999,600 $306,000 $693,600
2019 $12,538 $980,000 $300,000 $680,000
2018 $7,502 $576,889 $216,451 $360,438
2016 $5,205 $408,290 $208,047 $200,243
2015 $5,003 $402,158 $204,922 $197,236
2014 $4,981 $394,281 $200,908 $193,373
Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2018

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    168 Total Sales

    Tyler Leeson
    Section Image

  • G

    Buyer's Agent in 2018

    General NONMEMBER

    NONMEMBER MRML

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18116322

California Regional Multiple Listing Service (CRMLS)

APN: 7208-017-008

California Los Angeles County Long Beach 90806 Sunrise

2342 Pasadena Ave, Long Beach, CA

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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