Seller's Agent in 2020
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
1 in this area
51 Total Sales
249 Lindero Ave Long Beach, CA 90803
Bluff Heights NeighborhoodEstimated Value: $1,863,000 - $2,227,000
9
Beds
5
Baths
4,591
Sq Ft
$452/Sq Ft
Est. Value
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Landscaped
About This Home
As of December 2020Location! Location! Location! Bluff Heights Statewide Style 4-Plex building 4 blocks from the Ocean! The property consists of 4,591 rentable square feet consisting of (1) 3bd/2bth unit, and (3) 2bd/1bth units, and 5 single car garages. Units are large and spacious. 2 of the 4 units have been upgraded with new flooring and remodeled kitchens and bathrooms, the 2 other units have had new flooring installed. All electric building with separate meters. Low utilities as owner only pays water/sewer/trash. Community Laundry facility. Substantial upside in the rents. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.
Last Agent to Sell the Property
Pabst, Kinney & Associates License #01849377 Listed on: 10/07/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 6,081 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 5 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,591 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 6
- Assessor Parcel Number 7263009007
Community Details
Overview
- 4 Units
- Bluff Park Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Gross Income $7,970
- Net Operating Income $95,640
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2023
Sold by
Ramirez Christian
Bought by
249 Lindero Ave 123 Llc
Current Estimated Value
Purchase Details
Listed on
Oct 7, 2020
Closed on
Oct 16, 2020
Sold by
Walsh Mark Alan and Walsh Jalena Jean
Bought by
Ramirez Christian
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Eric Britton
Compass
List Price
$1,499,000
Sold Price
$1,550,000
Premium/Discount to List
$51,000
3.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$1,162,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 26, 2017
Closed on
Jan 11, 2018
Sold by
Burgh Abel Vander
Bought by
Walsh Mark Alan and Walsh Jalena Jean
Seller's Agent
Collette Blanchette
Feigen Realty Group
Buyer's Agent
Collette Blanchette
Feigen Realty Group
List Price
$1,000,000
Sold Price
$1,000,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.31%
Original Mortgage
$750,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 249 Lindero Ave 123 Llc | -- | None Listed On Document | |
| Ramirez Christian | $1,550,000 | Fidelity National Title | |
| Walsh Mark Alan | $1,000,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ramirez Christian | $1,162,500 | |
| Previous Owner | Walsh Mark Alan | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $1,550,000 | +3.4% | $338 / Sq Ft | |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- | |
| 10/07/2020 10/07/20 | For Sale | $1,499,000 | +49.9% | $327 / Sq Ft | |
| 01/17/2018 01/17/18 | Sold | $1,000,000 | 0.0% | $218 / Sq Ft | View Prior Sale |
| 10/26/2017 10/26/17 | Pending | -- | -- | -- | |
| 10/26/2017 10/26/17 | For Sale | $1,000,000 | -- | $218 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $21,299 | $1,677,767 | $649,458 | $1,028,309 |
| 2024 | $21,299 | $1,644,871 | $636,724 | $1,008,147 |
| 2023 | $20,943 | $1,612,620 | $624,240 | $988,380 |
| 2022 | $19,655 | $1,581,000 | $612,000 | $969,000 |
| 2021 | $19,343 | $1,550,000 | $600,000 | $950,000 |
| 2020 | $18,362 | $1,456,560 | $832,320 | $624,240 |
| 2019 | $18,148 | $1,428,000 | $816,000 | $612,000 |
| 2018 | $2,755 | $166,081 | $37,247 | $128,834 |
| 2016 | $2,512 | $159,633 | $35,801 | $123,832 |
| 2015 | $2,428 | $157,236 | $35,264 | $121,972 |
| 2014 | $2,436 | $154,157 | $34,574 | $119,583 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Pabst
-
Eric Britton
Buyer's Agent in 2020
Eric Britton
Compass
(310) 874-5403
29 Total Sales
-
Collette Blanchette
Seller's Agent in 2018
Collette Blanchette
Feigen Realty Group
(951) 205-9931
74 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20210674
APN: 7263-009-007
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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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