Seller's Agent in 2019
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
38 Total Sales
25 Falcon Ave Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,963,984 - $3,132,000
2
Beds
1
Bath
4,976
Sq Ft
$461/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- Private Yard
- Laundry Room
- Long Beach Polytechnic High School Rated A
About This Home
As of July 2019Prime Alamitos Beach location – Walk to the beach and downtown! This classic Spanish style property offers an investor the opportunity to acquire a true value-added investment with a huge upside in the rent in a location that is one of the best rental areas in Long Beach. The property features 4 very large 2 bedroom 1 bath units. The property was originally constructed in 1923 and is 4,976 square feet of building with 3 garages and one open parking space. The property in its original condition with unit amenities that include hardwood floors, ceramic tile, ceiling fans, gas range stoves, built-in cabinets, ceramic tile counter tops, service porches and some units have laundry hookups. The property includes a courtyard that can be used by all tenants, laundry room and two entry access for all units. This perfect owner/user investment is located in the heart of Alamitos Beach and within one block of the ocean. Walk to downtown, Pike area retail, restaurants, grocery store and East Village Arts District. At this new REDUCED price this is the Best priced per square foot property in this prime Long Beach location.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 03/08/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 5,005 Sq Ft Lot
- Two or More Common Walls
- Private Yard
Parking
- 3 Car Garage
Home Design
- 4,976 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 7265
- Assessor Parcel Number 7265014032
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $43,023
- Gross Income $122,923
- Net Operating Income $43,023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 2019
Sold by
Marks Harvey
Bought by
Byrd Donna A
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 9, 2009
Sold by
Nance Jayne Ellen
Bought by
Nance Jayne and Jayne E Nance Trust
Purchase Details
Closed on
Aug 27, 2003
Sold by
Stouffer Linda S
Bought by
Marks Harvey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,800
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 2, 2002
Sold by
Starke Elizabeth J
Bought by
Starke Elizabeth J and Starke Family Trust
Purchase Details
Closed on
Dec 27, 1999
Sold by
Stouffer Linda S
Bought by
Stouffer Linda S and Lerch Linda K
Purchase Details
Closed on
Mar 12, 1998
Sold by
World S & L Assn
Bought by
Stouffer Linda S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,312
Interest Rate
7.06%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 16, 1994
Sold by
Angeli Joseph J
Bought by
Boston Harbor Corp
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Byrd Donna A | $1,625,000 | Ticor Title | |
| Nance Jayne | -- | None Available | |
| Marks Harvey | $806,000 | -- | |
| Starke Elizabeth J | -- | -- | |
| Stouffer Linda S | -- | -- | |
| Stouffer Linda S | $295,000 | -- | |
| Boston Harbor Corp | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Byrd Donna A | $780,000 | |
| Previous Owner | Marks Harvey | $644,800 | |
| Previous Owner | Stouffer Linda S | $282,312 | |
| Closed | Marks Harvey | $80,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2019 07/31/19 | Sold | $1,699,000 | 0.0% | $341 / Sq Ft |
| 03/14/2019 03/14/19 | Pending | -- | -- | -- |
| 03/08/2019 03/08/19 | For Sale | $1,699,000 | -- | $341 / 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 | $22,592 | $1,777,172 | $656,186 | $1,120,986 |
| 2024 | $22,592 | $1,742,326 | $643,320 | $1,099,006 |
| 2023 | $22,216 | $1,708,163 | $630,706 | $1,077,457 |
| 2022 | $20,848 | $1,674,671 | $618,340 | $1,056,331 |
| 2021 | $20,431 | $1,641,835 | $606,216 | $1,035,619 |
| 2020 | $20,377 | $1,625,000 | $600,000 | $1,025,000 |
| 2019 | $13,296 | $1,027,563 | $675,511 | $352,052 |
| 2018 | $12,924 | $1,007,421 | $662,266 | $345,155 |
| 2016 | $11,870 | $968,034 | $636,550 | $331,484 |
| 2015 | $11,396 | $953,494 | $626,989 | $326,505 |
| 2014 | $11,323 | $934,818 | $614,708 | $320,110 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
David Rosenfeld
D
Buyer's Agent in 2019
David Rosenfeld
Advantage Real Estate
(310) 261-8692
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19053374
APN: 7265-014-032
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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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