R
Seller's Agent in 2023
Ramin Favakehi
Ramin Favakehi, Broker
(949) 929-2630
2 in this area
5 Total Sales
29 Kennebec Ave Long Beach, CA 90803
Bluff Park NeighborhoodEstimated Value: $2,217,000
7
Beds
5
Baths
3,532
Sq Ft
$628/Sq Ft
Est. Value
Highlights
- No HOA
- Balcony
- Wall Furnace
- Woodrow Wilson High School Rated A
- Laundry Room
- 3-minute walk to Bluff Park
About This Home
As of November 2023We are pleased to present 29, 33 and 35 Kennebec Ave. A 3-unit multifamily investment opportunity located in the Belmont heights in the city of Long Beach, one of the premier coastal housing markets in Southern California. The three-unit residence is located in the historic Bluff Park neighborhood. One block from Ocean Boulevard, situated on a 6,531 SF lot, the 3,532 square foot property consists of 2 three-bedroom units and 1 one-bedroom unit. Upper unit balcony has stunning water views. Just a short walk away from the Bluff Park, ocean, unique shopping and dining. Enjoy owning a piece of history in this one-of-a-kind Seaside Community.
Last Agent to Sell the Property
Ramin Favakehi, Broker License #01006682 Listed on: 08/24/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 6,531 Sq Ft Lot
- 1 Common Wall
Parking
- 2 Car Garage
Home Design
- Triplex
- Entry on the 2nd floor
- Raised Foundation
Interior Spaces
- 7 Bedrooms
- 3,532 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
Kitchen
- Gas Range
- Dishwasher
- Disposal
Laundry
- Laundry Room
- Laundry in Kitchen
- Gas Dryer Hookup
Outdoor Features
- Balcony
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Tax Tract Number 49
- Assessor Parcel Number 7264021087
- $533 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Bluff Park Subdivision
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $100
- Gardener Expense $3,000
- Insurance Expense $2,100
- Pest Control $500
- Trash Expense $400
- Water Sewer Expense $2,528
- Operating Expense $8,709
- Gross Income $119,784
- Net Operating Income $111,075
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2018
Closed on
Mar 19, 2018
Sold by
First & Kennebec Investment Co
Bought by
Kennebec & First Llc
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Ramin Favakehi
Ramin Favakehi, Broker
List Price
$1,995,000
Sold Price
$1,450,000
Premium/Discount to List
-$545,000
-27.32%
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
$767,000
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 |
|---|---|---|---|
| Kennebec & First Llc | $1,450,000 | First American Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2023 11/14/23 | Sold | $2,125,000 | -8.8% | $602 / Sq Ft | |
| 08/24/2023 08/24/23 | For Sale | $2,328,888 | 0.0% | $659 / Sq Ft | |
| 02/05/2020 02/05/20 | Rented | $3,950 | 0.0% | -- | |
| 02/04/2020 02/04/20 | Under Contract | -- | -- | -- | |
| 01/27/2020 01/27/20 | Price Changed | $3,950 | -1.3% | $3 / Sq Ft | |
| 01/15/2020 01/15/20 | Price Changed | $4,000 | -11.1% | $3 / Sq Ft | |
| 12/30/2019 12/30/19 | Price Changed | $4,500 | -10.0% | $3 / Sq Ft | |
| 11/23/2019 11/23/19 | For Rent | $5,000 | +66.7% | -- | |
| 06/29/2018 06/29/18 | Rented | $3,000 | 0.0% | -- | |
| 05/30/2018 05/30/18 | Price Changed | $3,000 | -7.7% | $2 / Sq Ft | |
| 03/28/2018 03/28/18 | For Rent | $3,250 | 0.0% | -- | |
| 03/22/2018 03/22/18 | Sold | $1,450,000 | -17.1% | $411 / Sq Ft | View Prior Sale |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- | |
| 02/21/2018 02/21/18 | Price Changed | $1,750,000 | -12.3% | $495 / Sq Ft | |
| 02/06/2018 02/06/18 | For Sale | $1,995,000 | -- | $565 / 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 |
|---|---|---|---|---|
| 2020 | -- | $1,508,580 | $1,040,400 | $468,180 |
| 2019 | -- | $1,479,000 | $1,020,000 | $459,000 |
| 2018 | -- | $430,838 | $340,668 | $90,170 |
| 2016 | -- | $414,110 | $327,441 | $86,669 |
| 2015 | -- | $407,891 | $322,523 | $85,368 |
| 2014 | -- | $399,902 | $316,206 | $83,696 |
Source: Public Records
Agents Affiliated with this Home
-
Ramin Favakehi
-
Joshua Glaz
Buyer's Agent in 2023
Joshua Glaz
The Ave
(562) 413-9399
1 in this area
255 Total Sales
-
A
Buyer's Agent in 2020
Ashtyn Modabber
Weichert, Realtors-GlobalPoint
-
Jamee Lindberg
Seller's Agent in 2018
Jamee Lindberg
RE/MAX
(562) 881-3811
77 Total Sales
-
John Lindberg
Seller Co-Listing Agent in 2018
John Lindberg
RE/MAX
(562) 897-1113
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23158228
APN: 7264-021-009
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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