Seller's Agent in 2012
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
45 Total Sales
2833 E 1st St Long Beach, CA 90803
Bluff Park NeighborhoodEstimated Value: $2,363,000 - $3,348,000
4
Beds
4
Baths
4,940
Sq Ft
$559/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Woodrow Wilson High School Rated A
- No HOA
About This Home
As of October 2012Incredible opportunity for an astute investor/owner-user to purchase a well maintained, charming 4-unit building located two blocks from the ocean right in the middle of the historic Bluff Park area of Long Beach. Just minutes away from downtown Long Beach restaurants, Belmont Shore and Shoreline Village, this building features huge 1200+ sq. ft. units. Also included 4 garages in the back off of the alley. Recent upgrades include new roof, recently replaced sewer line, sprinkler system, repainted exterior and window trim replacements.
Below market price at only $233/sq. ft. on very large 8,246 sq. ft. lot
Very low rents and significant rental upside. Potential additional income from renting garages.
Two of the units have lofts that can be used for sleeping.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 09/13/2012
Last Buyer's Agent
Trace Keasler
Realty One Group, Inc. License #01023118
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 8,234 Sq Ft Lot
- Lot Dimensions are 55' x 150'
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 4,940 Sq Ft Home
- Craftsman Architecture
- Stucco
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 14 / 73
- Tax Tract Number 10407
- Assessor Parcel Number 7264008015
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Insurance Expense $2,000
- Maintenance Expense $3,015
- Trash Expense $1,200
- Water Sewer Expense $3,000
- New Taxes Expense $13,740
- Gross Income $5,025
- Net Operating Income $32,530
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 22, 2019
Sold by
Conroy Robert M and Conroy Joan L
Bought by
Beaver Investments Llc
Current Estimated Value
Purchase Details
Listed on
Sep 13, 2012
Closed on
Oct 1, 2012
Sold by
Reynolds Monica E
Bought by
Conroy Md Robert Malcolm and Conroy Joan Louise
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Trace Keasler
Realty One Group, Inc.
List Price
$1,149,000
Sold Price
$1,149,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Beaver Investments Llc | -- | None Available | |
| Conroy Robert M | -- | None Available | |
| Conroy Md Robert Malcolm | $1,149,000 | Fidelity National Title Co |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2012 10/05/12 | Sold | $1,149,000 | 0.0% | $233 / Sq Ft |
| 09/18/2012 09/18/12 | Pending | -- | -- | -- |
| 09/13/2012 09/13/12 | For Sale | $1,149,000 | -- | $233 / 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 | $18,234 | $1,414,901 | $985,138 | $429,763 |
| 2024 | $18,234 | $1,387,159 | $965,822 | $421,337 |
| 2023 | $17,930 | $1,359,961 | $946,885 | $413,076 |
| 2022 | $16,836 | $1,333,296 | $928,319 | $404,977 |
| 2021 | $16,492 | $1,307,154 | $910,117 | $397,037 |
| 2020 | $16,448 | $1,293,751 | $900,785 | $392,966 |
| 2019 | $16,257 | $1,268,384 | $883,123 | $385,261 |
| 2018 | $15,801 | $1,243,514 | $865,807 | $377,707 |
| 2016 | $14,520 | $1,195,229 | $832,188 | $363,041 |
| 2015 | $13,938 | $1,177,276 | $819,688 | $357,588 |
| 2014 | $13,843 | $1,154,216 | $803,632 | $350,584 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Millea
-
T
Buyer's Agent in 2012
Trace Keasler
Realty One Group, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S12114821
APN: 7264-008-015
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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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