NOT LISTED FOR SALE

2435 E Broadway Long Beach, CA 90803

Bluff Heights Neighborhood

Estimated Value: $654,898

2 Beds
1 Bath
2,812 Sq Ft
$233/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $950,000 $338 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $4,155/month

Highlights

  • Private Yard
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of November 2018

Combination of a liquor store and a two bedroom bungalow with deferred maintenance. This property will be sold with the Victorian house next door that is also suffers from deferred maintenabce.at 2445 E. Broadway (APN- 72653-009-031). There is a lease in place at liquor store that allows the operator to use the parking spaces in front of the Victorian house.

Last Agent to Sell the Property

Mohsen Shahbani

Coldwell Banker Realty License #01068932 Listed on: 10/11/2018

Coldwell Banker Realty

Last Buyer's Agent

Mohsen Shahbani

Coldwell Banker Realty License #01068932 Listed on: 10/11/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,133

Year Built

  • Built in 1958

Lot Details

  • 4,865 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Private Yard

Home Design

  • 2,812 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 7263009013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $12,500
  • Operating Expense $20,650
  • Gross Income $68,832
  • Net Operating Income $46,117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,133

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: No
  • Subdivision Name Other: Bluff Park (BLF)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7263009013
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 337.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4865.00
  • Lot Size Acres: 0.1117

Multi Family

  • Gross Income: 68832.00
  • Gross Multiplier: 14.53
  • Gross Operating Income: 66767.00
  • Gross Scheduled Income: 68832.00
  • Lot Size Area: 4865.0000 Square Feet
  • Net Operating Income: 46117.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 20650.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 20650.00
  • Vacancy Allowance: 2065
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 5767.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2018
Closed on
Oct 4, 2018
Sold by
Laird Robert R
Bought by
Land Mark Marketing Corp
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Mohsen Shahbani
Coldwell Banker Realty
List Price
$1,000,000
Sold Price
$950,000
Premium/Discount to List
-$50,000
-5%
Current Estimated Value
$654,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$295,102
Avg. Annual Appreciation
-5.35%

Purchase Details

Closed on
May 8, 2000
Sold by
Trust Arzoian Mary Tr Carl And Mary Arzo
Bought by
Laird Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
10.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Land Mark Marketing Corp $475,000 Ticor Title Company
Laird Robert R $305,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Land Mark Marketing Corporatin $550,000
Previous Owner Laird Robert R $228,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $950,000 -5.0% $338 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $1,000,000 -- $356 / 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 $7,133 $529,868 $429,473 $100,395
2024 $7,133 $519,479 $421,052 $98,427
2023 $7,013 $509,295 $412,797 $96,498
2022 $6,596 $499,309 $404,703 $94,606
2021 $6,454 $489,519 $396,768 $92,751
2019 $6,363 $475,000 $385,000 $90,000
2018 $5,372 $403,903 $178,776 $225,127
2016 $4,933 $388,221 $171,835 $216,386
2015 $4,741 $382,390 $169,254 $213,136
2014 $4,709 $374,900 $165,939 $208,961
Source: Public Records

Agents Affiliated with this Home

  • Mohsen Shahbani

    Seller's Agent in 2018

    Mohsen Shahbani

    Coldwell Banker Realty

    (562) 547-3324

    43 Total Sales

    Mohsen Shahbani
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18247533

California Regional Multiple Listing Service (CRMLS)

APN: 7263-009-013

California Los Angeles County Long Beach 90803 Bluff Heights

2435 E Broadway, Long Beach, CA

This home is located at 2435 E Broadway, Long Beach, CA 90803 since 11 October 2018 and is currently estimated at $654,898, approximately $232 per square foot. This property was built in 1958. 2435 E Broadway is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Woodrow Wilson High School, and St. Anthony Elementary 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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