Seller's Agent in 2017
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
3 in this area
81 Total Sales
2429 E Broadway Long Beach, CA 90803
Bluff Heights Neighborhood
3
Beds
2
Baths
6,128
Sq Ft
6,373
Sq Ft Lot
Highlights
- Fireplace in Bathroom
- Cooling System Powered By Gas
- 4-minute walk to Bixby Park
- Woodrow Wilson High School Rated A
- Garden
About This Home
As of April 2017East Broadway Apartments is an eight-unit apartment community located in the popular Bluff Heights submarket of Long Beach, and offers investors the opportunity to acquire a value-add asset in a strong, non-rent controlled market. The property was originally constructed in 1948 and features seven (1 Bed + 1 Bath) units and one (2 Bed + 1 Bath) unit, encompassing a gross rentable area of 6,128 square feet. The property features controlled-access entry, separately metered for gas and electrical and updated plumbing.
The Subject Property is located at 2429 E. Broadway, Long Beach. The property is located in an extremely pedestrian friendly suburban neighborhood and boasts a Walkscore of 81 and a Bikescore of 87. The property also benefits from close proximity to the shops and restaurants on 7th Street and the amenities of Retro Row along E. 4th Street.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 02/01/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 6,373 Sq Ft Lot
- 1 Common Wall
- Garden
Home Design
- Property Attached
Interior Spaces
- 6,128 Sq Ft Home
- Electric Fireplace
- Gas Fireplace
- Family Room with Fireplace
- Living Room with Fireplace
- Dining Room with Fireplace
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
- Fireplace in Bathroom
Outdoor Features
- Fireplace in Patio
- Outdoor Fireplace
Utilities
- Cooling System Powered By Gas
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 6373
- Tax Tract Number 5767
- Assessor Parcel Number 7263009012
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $3,800
- Gardener Expense $600
- Insurance Expense $2,451
- Maintenance Expense $3,450
- Pest Control $500
- Professional Management Expense $5,568
- New Taxes Expense $21,959
- Operating Expense $40,328
- Gross Income $116,580
- Net Operating Income $71,023
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
Listed on
Feb 1, 2017
Closed on
Feb 16, 2017
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Albert Morell
WRE SoCal, Inc.
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,016,000
Interest Rate
0.0412%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 20, 2013
Sold by
Bought by
Purchase Details
Closed on
Jan 24, 2013
Sold by
Bought by
Purchase Details
Closed on
Nov 5, 2004
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
$734,300
Interest Rate
0.058%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 29, 2004
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
$734,300
Interest Rate
0.058%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2004
Sold by
Bought by
Purchase Details
Closed on
Jul 16, 2002
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,750,000 | Ticor Title Company | ||
| $300,000 | None Available | ||
| -- | None Available | ||
| $1,100,000 | Chicago Title Company La | ||
| -- | -- | ||
| -- | -- | ||
| $835,000 | -- | ||
| -- | -- |
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 | $1,000,000 | ||
| Previous Owner | $1,016,000 | ||
| Previous Owner | $960,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $734,300 |
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 |
|---|---|---|---|---|
| 04/06/2017 04/06/17 | Sold | $1,750,000 | -2.8% | $286 / Sq Ft |
| 02/25/2017 02/25/17 | Pending | -- | -- | -- |
| 02/01/2017 02/01/17 | For Sale | $1,800,000 | -- | $294 / 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 | $27,491 | $2,031,021 | $1,160,584 | $870,437 |
| 2024 | $26,310 | $1,991,198 | $1,137,828 | $853,370 |
| 2023 | $25,862 | $1,952,156 | $1,115,518 | $836,638 |
| 2022 | $24,280 | $1,913,880 | $1,093,646 | $820,234 |
| 2021 | $23,781 | $1,876,353 | $1,072,202 | $804,151 |
| 2019 | $23,440 | $1,821,020 | $1,040,400 | $780,620 |
| 2018 | $22,816 | $1,785,320 | $1,020,000 | $765,320 |
| 2016 | $16,122 | $1,295,235 | $440,378 | $854,857 |
| 2015 | $15,484 | $1,275,781 | $433,764 | $842,017 |
| 2014 | $14,822 | $1,200,000 | $408,000 | $792,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Albert Morell
A
Buyer's Agent in 2017
Albert Morell
WRE SoCal, Inc.
(323) 828-8675
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17021636
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.
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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