NOT LISTED FOR SALE

2622 E 10th St Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $897,862

3 Beds
4 Baths
3,312 Sq Ft
$271/Sq Ft Est. Value

Last Sold December 16, 2014

Last sale price $481,000 $145 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,344/month

170 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Tile Countertops
  • Woodrow Wilson High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of December 2014

Rare opportunity to own an Eastside Jewel on 10th street. Zoning is R-2-N by the city of Long Beach. First floor consists of 2 retail units, each with separate entrance and are currently being used as an artist studio and gallery. Additionally there is a one car garage, with parking space on driveway. The second floor is a spacious home consisting of 3 bedrooms and 2 bathrooms with large open floor plan, lots of natural light, craftsman charm. Cute kitchen with side door to roof patio and stairs to ground level. High traffic count on busy 10th street approximately 20,000 cars per day. No FHA or small down payment offers will be considered.

Last Agent to Sell the Property

Gary Hunter

Cal West RE Solutions License #00673018 Listed on: 05/01/2014

Last Buyer's Agent

Michael Almquist

Almquist Group License #01331047

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 2,753 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Fixer Upper

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property
  • Custom Window Coverings
  • Carpet
  • City Lights Views
  • Tile Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 2,4
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262015003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,800
  • Trash Expense $600
  • Water Sewer Expense $960
  • New Taxes Expense $5,690
  • Gross Income $3,800
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 7262015003
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 145.23
  • Room Type: All Bedrooms Up
  • Window Features: Custom Covering

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 2753.00
  • Lot Size Acres: 0.0630

Multi Family

  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 2753.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5690.00
  • Tax Lot: 2,4
  • Tax Tract Number: 5769
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
Oct 23, 2014
Sold by
Delew Grace Whyte
Bought by
Wells Michael and Sullano Grace
Seller's Agent
Gary Hunter
Cal West RE Solutions
Buyer's Agent
Michael Almquist
Almquist Group
List Price
$569,900
Sold Price
$481,000
Premium/Discount to List
-$88,900
-15.6%
Current Estimated Value
$897,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,862
Avg. Annual Appreciation
5.81%
Original Mortgage
$336,700
Interest Rate
6.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Wells Michael $481,000 Usa Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Michael $336,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2014 12/16/14 Sold $481,000 -15.6% $145 / Sq Ft
10/18/2014 10/18/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $569,900 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,682 $578,079 $179,070 $399,009
2024 $7,682 $566,745 $175,559 $391,186
2023 $7,553 $555,633 $172,117 $383,516
2022 $7,099 $544,740 $168,743 $375,997
2021 $6,943 $534,060 $165,435 $368,625
2019 $6,843 $518,222 $160,529 $357,693
2018 $6,639 $508,062 $157,382 $350,680
2016 $6,093 $488,335 $151,272 $337,063
2015 $5,853 $481,000 $149,000 $332,000
2014 $2,927 $217,917 $130,752 $87,165
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gary Hunter

    Cal West RE Solutions

    Section Image

  • M

    Buyer's Agent in 2014

    Michael Almquist

    Almquist Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14089849

California Regional Multiple Listing Service (CRMLS)

APN: 7262-015-003

California Los Angeles County Long Beach 90804 Rose Park

2622 E 10th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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