NOT LISTED FOR SALE

249 Lindero Ave Long Beach, CA 90803

Bluff Heights Neighborhood

Estimated Value: $1,657,000 - $2,069,210

9 Beds
5 Baths
4,591 Sq Ft
$417/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2020

Last sale price $1,550,000 $338 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,166 / mo

6 Days on Market

About This Home

As of December 2020

Location! 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

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 10/07/2020

Last Buyer's Agent

Eric Britton

Compass License #01882562

Compass

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 in unit

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

6,081 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bluff Park (BLF)
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Parcel Number: 7263009007
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 337.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • 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: 6081.00
  • Lot Size Acres: 0.1396

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Gross Income: 7970.00
  • Gross Scheduled Income: 95640.00
  • Lot Size Area: 6081.0000 Square Feet
  • Net Operating Income: 95640.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 7820.00

Tax Info

  • Tax Census Tract: 5767.00
  • Tax Lot: 6
  • Tax Tract Number: 6

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
Aug 19, 2023
Sold by
Bought by
Current Estimated Value
$1,912,553

Purchase Details

Listed on
Oct 7, 2020
Closed on
Oct 16, 2020
Sold by
Bought by
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
3.88%
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
Bought by
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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Listed On Document
$1,550,000 Fidelity National Title
$1,000,000 Chicago 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
Previous Owner $1,162,500
Previous Owner $750,000
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 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

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 $22,277 $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

    Seller's Agent in 2020

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    3 in this area

    50 Total Sales

    Spencer Pabst
    Section Image
  • Eric Britton

    Buyer's Agent in 2020

    Eric Britton

    Compass

    (310) 874-5403

    28 Total Sales

    Eric Britton
    Section Image
  • Collette Blanchette

    Seller's Agent in 2018

    Collette Blanchette

    Feigen Realty Group

    (951) 205-9931

    70 Total Sales

    Collette Blanchette
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20210674

California Regional Multiple Listing Service (CRMLS)

APN: 7263-009-007

California Los Angeles County Long Beach 90803 Bluff Heights

249 Lindero Ave, Long Beach, CA

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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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