NOT LISTED FOR SALE

303 Walnut Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $983,000 - $1,224,000

4 Beds
2 Baths
2,344 Sq Ft
$471/Sq Ft Est. Value

Last Sold December 05, 2016

Last sale price $667,000 $285 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,547/month

11 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Fireplace
  • 2-minute walk to Miracle On Fourth Street Park

About This Home

As of December 2016

Lovely Spanish/Mediterranean duplex, just a short short stroll to the sandy beach that is our city's namesake. Smack dab in the middle of the East Village, with its eclectic shops and excellent nightlife. These units are loaded with charm and character and feature: Gleaming original hardwood floors, quaint built-ins, vaulted ceilings upstairs, AND TWO SEPARATE LAUNDRY ROOMS. Owner has kept rents artificially low for years, but with these awesome features, raised rents are a total no-brainer. STI ONLY PLEASE! NO GARAGES...NO OFF-STREET PARKING. NOTE***AS OF 5:30pm 10/25/2016...MULTIPLE OFFERS SUBMITTED...

Last Agent to Sell the Property

Tito and Francoi Pichon

Keller Williams Realty License #01184183 Listed on: 10/23/2016

Keller Williams Realty

Last Buyer's Agent

Heidi Brantley

Coldwell Banker Realty License #01291141

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 2,418 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard

Home Design

  • Duplex
  • Spanish Architecture
  • Mediterranean Architecture
  • Entry on the 1st floor

Interior Spaces

  • 2,344 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace
  • Standard Electricity

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 7275008017

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $43,080
  • Net Operating Income $43,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Bluff Park (BLF)
  • Zoning: LBR3S
  • Architectural Style: Mediterranean, Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7275008017
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 284.56

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 2418.00

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Income: 43080.00
  • Gross Multiplier: 14.55
  • Gross Scheduled Income: 43080.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 43080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5765.02
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2023
Sold by
Rogan Jonathan G and Rogan Lana J
Bought by
Andes & Rogan Investments Llc
Current Estimated Value
$1,105,164

Purchase Details

Listed on
Oct 23, 2016
Closed on
Nov 23, 2016
Sold by
Rodriguez Ronald
Bought by
Rogan Jonathan G and Andes Rogan Lana J
Seller's Agent
Tito and Francoi Pichon
Keller Williams Realty
Buyer's Agent
Heidi Brantley
Coldwell Banker Realty
List Price
$624,900
Sold Price
$667,000
Premium/Discount to List
$42,100
6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$425,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2007
Sold by
Rodriguez Ronald
Bought by
Rodriguez Ronald and Rodriguez Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2006
Sold by
Rodriguez Ronald
Bought by
Rodriguez Ronald and Boy Jeff

Purchase Details

Closed on
Mar 26, 1999
Sold by
Boy Jeff
Bought by
Rodriguez Ronald and Boy Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,194
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1999
Sold by
L & B Real Estate
Bought by
Boy Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,194
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
May 15, 1998
Sold by
Fry Sherry
Bought by
L & B Real Estate
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
Andes & Rogan Investments Llc -- None Listed On Document
Rogan Jonathan G $667,000 Chicago Title
Rodriguez Ronald -- Accommodation
Rodriguez Ronald -- First American Title Co
Rodriguez Ronald -- None Available
Rodriguez Ronald -- --
Boy Jeff $196,500 First Southwestern Title Co
L & B Real Estate $130,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rogan Jonathan G $425,000
Previous Owner Rodriguez Ronald $350,000
Previous Owner Boy Jeff $195,194
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2016 12/05/16 Sold $667,000 0.0% $285 / Sq Ft
11/04/2016 11/04/16 Price Changed $667,000 +2.6% $285 / Sq Ft
10/25/2016 10/25/16 Price Changed $649,900 +4.0% $277 / Sq Ft
10/23/2016 10/23/16 For Sale $624,900 -- $267 / 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 $9,895 $774,103 $545,472 $228,631
2024 $9,895 $758,926 $534,777 $224,149
2023 $9,730 $744,046 $524,292 $219,754
2022 $9,133 $729,458 $514,012 $215,446
2021 $8,948 $715,156 $503,934 $211,222
2019 $8,821 $693,946 $488,988 $204,958
2018 $8,581 $680,340 $479,400 $200,940
2016 $3,335 $260,214 $113,883 $146,331
2015 $3,206 $256,306 $112,173 $144,133
2014 $3,191 $251,286 $109,976 $141,310
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tito and Francoi Pichon

    Keller Williams Realty

    Section Image
  • Heidi Brantley

    Buyer's Agent in 2016

    Heidi Brantley

    Coldwell Banker Realty

    (562) 708-1235

    24 Total Sales

    Heidi Brantley
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16731920

California Regional Multiple Listing Service (CRMLS)

APN: 7275-008-017

California Los Angeles County Long Beach 90802 North Alamitos Beach

303 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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