NOT LISTED FOR SALE

Estimated Value: $1,604,000 - $2,056,000

8 Beds
4 Baths
3,526 Sq Ft
$523/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $1,355,000 $384 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $11,210/month

7 Days on Market

Highlights

  • Spanish Architecture
  • Neighborhood Views
  • Closed Circuit Camera
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 4-minute walk to Miracle On Fourth Street Park

About This Home

As of June 2020

Welcome to your new home at 358 Orange Ave. situated in a charming Spanish Revival-style building in the heart of Long Beach, California. This unique and character-filled apartment offers a blend of vintage allure and modern comforts, creating a truly special living experience.

As you enter, you'll be greeted by an open and spacious layout that maximizes the use of natural light, creating a warm and inviting atmosphere. The living area is perfect for relaxation or entertaining guests, featuring hardwood floors and large windows that provide great views of the surrounding neighborhood.

Inside the apartment, you'll find a warm and inviting atmosphere that combines the best of old-world charm with contemporary updates. The spacious living area boasts hardwood floors providing the perfect setting for relaxing or entertaining guests.

The kitchen pays homage to the building's original style. It features a gas stove, refrigerator, period appropriate custom cabinetry, and tiling, creating a space that is both functional and visually appealing.

The apartment offers two bedrooms, each with its own unique character. The primary bedroom showcases original hardwood floors, a small built-in wardrobe, and large windows that bathe the room in natural light. The second bedroom can double as a home office or guest room, and its large windows add a natural sunlight.

Other notable features of this apartment include a vintage-inspired bathroom with period fixtures, an on-site shared washer and dryer for added convenience. Street parking is available on a first-come, first-served basis. Parking passes may be available from nearby businesses.

Situated in the heart of Long Beach, this apartment provides easy access to a multitude of amenities. Take a leisurely stroll to nearby parks, cozy cafes, and local boutiques. The beach is just a short distance away, inviting you to enjoy the sun, sand, and ocean breeze.

Commuting is a breeze with convenient access to major highways and public transportation options. Explore the vibrant downtown area, filled with eclectic dining options, lively entertainment venues, and a thriving arts scene.

Don't miss the opportunity to call 358 Orange Ave. your new home. Embrace the charm and character of this Spanish Revival building while enjoying all that Long Beach has to offer. Schedule a showing today and experience the timeless beauty of this unique apartment.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 04/13/2020

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Natasha Gwilt

eXp Realty of California Inc License #01988779

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 2,966 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wire Fence
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Spanish Architecture
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Spanish Tile Roof
  • Seismic Tie Down

Interior Spaces

  • 3,526 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Closed Circuit Camera
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Public Parking
  • Parking Available
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / S
  • Tax Tract Number 5500
  • Assessor Parcel Number 7275006003

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $720
  • Insurance Expense $1,800
  • Water Sewer Expense $2,400
  • New Taxes Expense $17,187
  • Operating Expense $33,600
  • Gross Income $96,000
  • Net Operating Income $62,400

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • CapRate: 4.54
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LBCNR
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7275006003
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 384.29

Exterior Features

  • Foundation: Raised, Seismic Tie Down
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Flat, Spanish Tile
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, Public

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 2966.00
  • Lot Size Acres: 0.0681

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 881 Square Feet
  • Electric Expense: 720.00
  • Gross Income: 96000.00
  • Gross Multiplier: 14.32
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 2966.0000 Square Feet
  • Net Operating Income: 62400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 33600.00
  • Rent Control: Yes
  • Total Actual Rent: 8000.00
  • Total Expenses: 33600.00

Tax Info

  • New Taxes Expense: 17187.00
  • Tax Block: S
  • Tax Census Tract: 5765.02
  • Tax Lot: 1
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2020
Closed on
Apr 22, 2020
Sold by
Eichenberger Jerome and Eichenberger Rowena
Bought by
Kama Garan
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Natasha Gwilt
eXp Realty of California Inc
List Price
$1,375,000
Sold Price
$1,355,000
Premium/Discount to List
-$20,000
-1.45%
Current Estimated Value
$1,843,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,667
Avg. Annual Appreciation
5.64%
Original Mortgage
$1,403,780
Outstanding Balance
$1,241,217
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$602,450

Purchase Details

Closed on
Nov 19, 2013
Sold by
Betz John M
Bought by
Betz John M and Roberts Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 18, 2013
Sold by
Betz John M
Bought by
Eichenberger Jerome and Eichenberger Rowena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 22, 2004
Sold by
Magid Joseph N
Bought by
Betz John M and Roberts Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,600
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2003
Sold by
Magid Joseph N
Bought by
Magid Joseph N and Evanson Thomas E

Purchase Details

Closed on
Sep 10, 1999
Sold by
Miller Trust
Bought by
Magid Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,038
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 1999
Sold by
Miller William E
Bought by
California State University Long Beach F and Miller Family 1999 Charitable Remainder

Purchase Details

Closed on
May 3, 1998
Sold by
Miller William E
Bought by
Miller William E and Miller Agnes C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kama Garan $1,355,000 Old Republic Title
Betz John M -- None Available
Betz John M -- None Available
Eichenberger Jerome $940,000 Chicago Title Company
Betz John M $708,000 First American Title Co
Magid Joseph N -- First American Title Co
Magid Joseph N -- --
Magid Joseph $240,000 North American Title Co
California State University Long Beach F -- --
Miller William E -- --
Miller William E -- --
Miller William E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kama Garan $1,403,780
Previous Owner Eichenberger Jerome $705,000
Previous Owner Betz John M $495,600
Previous Owner Magid Joseph $238,038
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2024 10/08/24 Off Market $2,450 -- --
07/01/2024 07/01/24 For Rent $2,450 0.0% --
06/05/2020 06/05/20 Sold $1,355,000 -1.5% $384 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $1,375,000 +46.3% $390 / Sq Ft
05/05/2017 05/05/17 Sold $940,000 +5.0% $267 / Sq Ft View Prior Sale
03/29/2017 03/29/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $895,000 -- $254 / 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 $18,844 $1,481,885 $546,820 $935,065
2024 $18,844 $1,452,830 $536,099 $916,731
2023 $18,527 $1,424,344 $525,588 $898,756
2022 $17,384 $1,396,417 $515,283 $881,134
2021 $17,037 $1,369,037 $505,180 $863,857
2020 $12,701 $997,534 $636,724 $360,810
2019 $12,553 $977,976 $624,240 $353,736
2018 $12,237 $958,800 $612,000 $346,800
2016 $9,440 $765,000 $475,400 $289,600
2015 $9,193 $765,000 $475,400 $289,600
2014 $8,569 $700,000 $477,100 $222,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20072621

California Regional Multiple Listing Service (CRMLS)

APN: 7275-006-003