Francisco Montes
Compass
(424) 414-7369
32 Total Sales
1 in Alamitos Beach
$585,000 Price
25 Falcon Ave Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,856,000 - $2,281,000
2
Beds
1
Bath
4,976
Sq Ft
$409/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- Long Beach Polytechnic High School Rated A
- Private Yard
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
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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 in unit
- 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
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
Mar 21, 2019
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Aug 27, 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
$644,800
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 2, 2002
Sold by
Bought by
Purchase Details
Closed on
Dec 27, 1999
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 1998
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
$282,312
Interest Rate
7.06%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 16, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Alamitos Beach, CA
-
Francisco Montes
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
72 Total Sales
2 in Alamitos Beach
$530K - $905K Price Range
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
33 Total Sales
1 in Alamitos Beach
$511,300 Price
-
Gina Bryson
Gina Bryson
IFG Realty
(562) 620-3688
43 Total Sales
1 in Alamitos Beach
$760,000 Price
-
Christine Cheng
Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
1 in Alamitos Beach
$350,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
171 Total Sales
1 in Alamitos Beach
$295,000 Price
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 |
|---|---|---|---|
| $1,625,000 | Ticor Title | ||
| -- | None Available | ||
| $806,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| $295,000 | -- | ||
| -- | -- |
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 | $780,000 | ||
| Previous Owner | $644,800 | ||
| Previous Owner | $282,312 | ||
| Closed | $80,600 |
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 |
|---|---|---|---|---|
| 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
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 | $23,631 | $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
Seller's Agent in 2019
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
37 Total Sales
-
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
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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