C
Seller's Agent in 2016
Chuck Brewer
HomeSmart Realty Group
2465 Pasadena Ave Long Beach, CA 90806
Sunrise Neighborhood
2
Beds
10
Baths
3,680
Sq Ft
6,092
Sq Ft Lot
Highlights
- No HOA
- Long Beach Polytechnic High School Rated A
- 1-Story Property
About This Home
As of November 2016Recently reduced. Don't miss this opportunity! NO RENT CONTROL INVESTOR'S DELIGHT/RENTS BELOW MARKET VALUE UPSIDE OPPORTUNITY
This 10 unit complex with Courtyard style building provides a strong income base for the owner. While this property is cosmetically attractive and convenient to tenants for schools, shopping, and public transportation, it also has an upside for future rent increases. Estimated market value potential increase to $106,200 GSI.
The property is well gated at both ends and the courtyard provides each unit sunlight.
The seller leased Washer/Dryer in Laundry Room provides a steady income. Each unit is separately electric metered and master metered gas.
Last Agent to Sell the Property
Chuck Brewer
HomeSmart Realty Group License #01939550 Listed on: 08/11/2016
Co-Listed By
Pete Tryce
Keller Williams Realty License #01329992
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,092 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,680 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 10 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 2268
- Assessor Parcel Number 7208009010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- 11 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $871
- Fuel Expense $1,000
- Insurance Expense $1,767
- Maintenance Expense $7,000
- Professional Management Expense $1,200
- Trash Expense $1,000
- Water Sewer Expense $3,000
- New Taxes Expense $15,000
- Operating Expense $31,236
- Gross Income $8,300
- Net Operating Income $68,364
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
Aug 11, 2016
Closed on
Oct 11, 2016
Sold by
Bought by
Seller's Agent
Chuck Brewer
HomeSmart Realty Group
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,245,000
Sold Price
$1,170,000
Premium/Discount to List
-$75,000
-6.02%
Purchase Details
Closed on
Mar 2, 2007
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
$350,000
Interest Rate
0.0613%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 28, 2003
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
$300,000
Interest Rate
0.0553%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 4, 2001
Sold by
Bought by
Purchase Details
Closed on
Dec 20, 1993
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 |
|---|---|---|---|
| $1,170,000 | Title 365 | ||
| $650,000 | Chicago Title Co | ||
| -- | North American Title Co | ||
| -- | -- | ||
| $180,000 | Chicago Title Company |
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 |
|---|---|---|---|
| Previous Owner | $525,000 | ||
| Previous Owner | $350,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $300,000 |
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 |
|---|---|---|---|---|
| 11/21/2016 11/21/16 | Sold | $1,170,000 | -2.4% | $318 / Sq Ft |
| 09/12/2016 09/12/16 | Price Changed | $1,199,000 | -3.7% | $326 / Sq Ft |
| 08/11/2016 08/11/16 | For Sale | $1,245,000 | 0.0% | $338 / Sq Ft |
| 07/29/2016 07/29/16 | Pending | -- | -- | -- |
| 07/22/2016 07/22/16 | For Sale | $1,245,000 | -0.4% | $338 / Sq Ft |
| 07/06/2016 07/06/16 | Pending | -- | -- | -- |
| 04/22/2016 04/22/16 | For Sale | $1,250,000 | -- | $340 / 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 | $19,014 | $1,357,880 | $464,232 | $893,648 |
| 2024 | $18,187 | $1,331,256 | $455,130 | $876,126 |
| 2023 | $17,863 | $1,305,154 | $446,206 | $858,948 |
| 2022 | $16,781 | $1,279,563 | $437,457 | $842,106 |
| 2021 | $16,425 | $1,254,475 | $428,880 | $825,595 |
| 2019 | $16,189 | $1,217,268 | $416,160 | $801,108 |
| 2018 | $15,738 | $1,193,400 | $408,000 | $785,400 |
| 2016 | $9,746 | $735,646 | $339,529 | $396,117 |
| 2015 | $9,374 | $724,596 | $334,429 | $390,167 |
| 2014 | $9,355 | $710,403 | $327,878 | $382,525 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Seller Co-Listing Agent in 2016
Pete Tryce
Keller Williams Realty
-
Anthony Walker
Buyer's Agent in 2016
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
89 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16084359
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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