$700,000
SOLD MAY 6, 2025
0.6 Acre
$1,172,726 Price per Acre
26,001 Sq Ft Lot

Recently Sold

30% Below List Price

84 Days on Market

Highlights

  • 0.6 Acre Lot
  • Wooded Lot
  • Neighborhood Views
  • Hughes Middle School Rated A-
  • No HOA
  • Rectangular Lot

About This Lot

As of May 2025

FOUR R1 LOTS This is a parcel of four contiguous lots on Pasadena Avenue, (lots 4,5,6 and 7), each 50' wide x 130' deep; giving a total area of 26,000 sq ft. The parcel is located close to the burgeoning Long Beach Memorial Hospital campus, a Salvation Army sporting complex and has nearby public transport, retail and freeway access. Each lot is currently zoned R1N but the City of Long Beach may be amenable to a proposal to develop additional dwellings.
While located in an area currently used for oil production, many homes in the area were built two decades ago. One lot contains an abandoned oil well which ceased operation in the 70s and was certified as abandoned in 2000. A recent methane test showed zero emission, and a prescribed barrier installed. Documentation is available to prospective buyers.
A recent survey identified an easement twenty feet in width for a future alley, which may be available as an additional 1000 sq ft to each lot.
The land has been owned by the family more than six decades and offers a unique moment for residential development in a largely built out city.

Last Agent to Sell the Property

Ian Hand

Coldwell Banker Realty Brokerage Phone: 562-682-6780 License #01453679 Listed on: 11/20/2024

Coldwell Banker Realty

Last Buyer's Agent

Shawn Ros

California Financial & RE Ctr License #01808611

Property Details

Property Type

  • Land

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 200x130
  • Chain Link Fence
  • Rectangular Lot
  • Gentle Sloping Lot
  • Wooded Lot
  • 7207-020-020,7207-020-021
  • Property is zoned LBR1N

Additional Features

  • Neighborhood Views
  • Suburban Location
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Memorial Heights Subdivision

Listing and Financial Details

  • Tax Tract Number 3207
  • Assessor Parcel Number 7207020022
  • Tax Block C
  • $13 per year additional tax assessments
  • Seller Considering Concessions

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Memorial Heights (MH)
  • View: Yes
  • Zoning: LBR1N
  • Property Type: Land
  • Parcel Number: 7207020022
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 26.92

Exterior Features

  • View: Neighborhood
  • Fencing: Chain Link

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7207-020-020,7207-020-021
  • Current Geological: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Lot 20000-39999 Sqft, Rectangular Lot, Treed Lot
  • Lot Size: 200x130
  • Lot Size Sq Ft: 26000.00
  • Lot Size Acres: 0.5969

Multi Family

  • Lot Size Area: 26000.0000 Square Feet

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5722.01
  • Tax Tract Number: 3207
  • TaxOtherAnnualAssessmentAmount: 13.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2018
Sold by
Ausdall Maude A Van
Bought by
Ausdall John M Van and Ausdall John M Van
Current Estimated Value
$694,500

Purchase Details

Closed on
Jan 7, 2015
Sold by
Dcm Plumbing Contractors Inc
Bought by
Vanausdall Maude

Purchase Details

Closed on
Sep 18, 2006
Sold by
Abshire William Harry
Bought by
Dpcp Investments Llc
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $71,000 Orange Coast Title Co
Grant Deed $40,000 Chicago Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $700,000 -29.6% --
02/12/2025 02/12/25 Pending -- -- --
11/20/2024 11/20/24 For Sale $995,000 -- --
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 $3,277 $268,423 $268,423 --
2024 $3,277 $263,160 $263,160 --
2023 $3,224 $258,000 $258,000 $0
2022 $2,541 $212,576 $212,576 $0
2021 $2,496 $208,408 $208,408 $0
2020 $2,490 $206,272 $206,272 $0
2019 $2,460 $202,228 $202,228 $0
2018 $2,409 $198,263 $198,263 $0
2017 $2,384 $194,376 $194,376 $0
2016 $2,219 $190,565 $190,565 $0
2015 $1,191 $104,544 $104,544 $0
2014 -- $102,497 $102,497 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24237327

California Regional Multiple Listing Service (CRMLS)

APN: 7207-020-022