C
Seller's Agent in 2024
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
(562) 221-4527
2 in this area
331 Total Sales
2717 E 1st St Long Beach, CA 90803
Bluff Park NeighborhoodEstimated Value: $2,323,469 - $2,693,000
8
Beds
4
Baths
5,658
Sq Ft
$435/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Back and Front Yard
- Woodrow Wilson High School Rated A
- Bike Trail
- 5-minute walk to Bluff Park
About This Home
As of August 2024Attention investors! Here's a prime opportunity with significant upside profit potential. Presenting four spacious (1,400 sq feet each), renovated 2-bedroom/1-bathroom units, complete private laundry facilities. Situated in the prime Bluff Park historic district, this property boasts five garages and offers the possibility to construct additional 2 units. Each unit showcases upgraded kitchens with granite countertops, hardwood flooring, and custom-built cabinetry, lost of storage and the perfect spot for a home office. A beautifully landscaped courtyard serves as a delightful common garden space, separating the units from the garages. Just one block from the beach, close to restaurants, downtown Long Beach with multiple options for work, leisure and entertainment. All units are currently rented. Showings only after an accepted offer.
Last Agent to Sell the Property
eXp Realty of Greater Los Angeles Brokerage Phone: 562-221-4527 License #01941438 Listed on: 06/06/2024
Last Buyer's Agent
eXp Realty of Greater Los Angeles Brokerage Phone: 562-221-4527 License #01941438 Listed on: 06/06/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 8,263 Sq Ft Lot
- Two or More Common Walls
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 5,658 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 16 / 72
- Tax Tract Number 5500
- Assessor Parcel Number 7264025017
- $1,059 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
- Bluff Park Subdivision
Recreation
- Water Sports
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,903
- Other Expense $531
- Water Sewer Expense $1,500
- Operating Expense $6,193
- Gross Income $147,420
- Net Operating Income $147,420
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2024
Closed on
Jul 25, 2024
Sold by
Huang Yunchi C
Bought by
Haghnazari Gorenberg Trust and Haghnazari
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
List Price
$2,550,000
Sold Price
$2,290,000
Premium/Discount to List
-$260,000
-10.2%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,867
Avg. Annual Appreciation
5.31%
Original Mortgage
$1,300,000
Outstanding Balance
$1,281,164
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,179,703
Purchase Details
Listed on
Dec 7, 2011
Closed on
Mar 23, 2012
Sold by
Nilsen David Christian
Bought by
Whitnah Joseph R and Huang Yunchi C
Seller's Agent
Richard Gaylord
Re/Max R. E. Specialists
Buyer's Agent
Richard Gaylord
Re/Max R. E. Specialists
List Price
$1,350,000
Sold Price
$1,270,000
Premium/Discount to List
-$80,000
-5.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$801,950
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 25, 2006
Sold by
Nilsen David
Bought by
Nilsen David Christian and Nilsen Kristen Nicole
Purchase Details
Closed on
Sep 25, 1996
Sold by
Parkin Robert W
Bought by
Nilsen David and Nilsen Kristen Nicole
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
7.25%
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 |
|---|---|---|---|
| Haghnazari Gorenberg Trust | $2,290,000 | Fidelity National Title | |
| Whitnah Joseph R | $1,270,000 | North American Title Company | |
| Nilsen David Christian | -- | None Available | |
| Nilsen David | $475,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Haghnazari Gorenberg Trust | $1,300,000 | |
| Previous Owner | Whitnah Joseph R | $801,950 | |
| Previous Owner | Nilsen David | $427,500 | |
| Closed | Nilsen David | $47,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2024 08/01/24 | Sold | $2,290,000 | 0.0% | $405 / Sq Ft | |
| 07/02/2024 07/02/24 | Price Changed | $2,290,000 | -10.2% | $405 / Sq Ft | |
| 06/18/2024 06/18/24 | Pending | -- | -- | -- | |
| 06/06/2024 06/06/24 | For Sale | $2,550,000 | +100.8% | $451 / Sq Ft | |
| 05/08/2012 05/08/12 | Sold | $1,270,000 | -5.9% | $224 / Sq Ft | View Prior Sale |
| 03/19/2012 03/19/12 | Pending | -- | -- | -- | |
| 12/07/2011 12/07/11 | For Sale | $1,350,000 | -- | $239 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,477 | $2,290,000 | $1,500,000 | $790,000 |
| 2024 | $20,477 | $1,563,902 | $1,102,124 | $461,778 |
| 2023 | $20,137 | $1,533,238 | $1,080,514 | $452,724 |
| 2022 | $18,906 | $1,503,176 | $1,059,328 | $443,848 |
| 2021 | $18,520 | $1,473,703 | $1,038,557 | $435,146 |
| 2019 | $18,256 | $1,429,994 | $1,007,753 | $422,241 |
| 2018 | $17,755 | $1,401,956 | $987,994 | $413,962 |
| 2016 | $16,312 | $1,347,519 | $949,630 | $397,889 |
| 2015 | $15,656 | $1,327,279 | $935,366 | $391,913 |
| 2014 | $15,545 | $1,301,280 | $917,044 | $384,236 |
Source: Public Records
Agents Affiliated with this Home
-
Costanza Genoese Zerbi
-
Richard Gaylord
Seller's Agent in 2012
Richard Gaylord
RE/MAX
(562) 618-2113
19 Total Sales
-
D
Seller Co-Listing Agent in 2012
Drew Avery
RE/MAX
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24102935
APN: 7264-025-017
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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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