NOT LISTED FOR SALE

363 Redondo Ave Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,445,801 - $1,800,000

6 Beds
3 Baths
3,094 Sq Ft
$503/Sq Ft Est. Value

Sale Details

Date Sold: June 9, 2014

Last sale price $775,000 $250 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $9,228 / mo

9 Days on Market

About This Home

As of June 2014

PERFECT INVESTMENT OPPORTUNITY. Gorgeous property with tons of potential. Property is in need of TLC but the upside is worth every penny. First two units are mirrored and have beautiful arch ways throughout the first floor. Rooms are all upstairs. Back lot is upstairs only and has been renovated. Lot is located just a couple of blocks from the beach and just around the corner from Downtown Long Beach. Property also has parking for 3+ vehicles with garages belonging to each respected property (one of the few properties that has this much parking in the area).

Last Agent to Sell the Property

Bryant Lugo

Lugo Brothers RE License #01895617 Listed on: 04/29/2014

Co-Listed By

Kenneth Lugo

Lugo Brothers RE License #01895618

Last Buyer's Agent

Karen Kiesz

Broadmoor Realty, Inc. License #01371139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,251 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 3,094 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 7257014018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,744
  • Trash Expense $1,800
  • New Taxes Expense $1,375
  • Gross Income $5,200
  • Net Operating Income $47,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,251 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Belmont Heights (BH)
  • Property Type: Residential Income
  • Parcel Number: 7257014018
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 250.48
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Urban

Lot Info

  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1440

Multi Family

  • Gross Income: 5200.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1744.00
  • Lot Size Area: 6251.0000 Square Feet
  • Net Operating Income: 47600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 14800.00
  • Rent Control: No
  • Total Actual Rent: 2200.00

Tax Info

  • New Taxes Expense: 1375.00
  • Tax Lot: 18
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2015
Sold by
Bjork Sharon L
Bought by
Bjork Sharon L and Sharon L Bjork Living Trust
Current Estimated Value
$1,557,450

Purchase Details

Listed on
Apr 29, 2014
Closed on
Jun 5, 2014
Sold by
Wagner Norma C and Wagner Family 1983 Trust
Bought by
Bjork Sharon L
Seller's Agent
Bryant Lugo
Lugo Brothers RE
Buyer's Agent
Karen Kiesz
Broadmoor Realty, Inc.
List Price
$800,000
Sold Price
$775,000
Premium/Discount to List
-$25,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$581,250
Outstanding Balance
$443,273
Interest Rate
4.27%
Mortgage Type
New Conventional
Estimated Equity
$1,114,177

Purchase Details

Closed on
Nov 15, 2012
Sold by
Wagner Norma C
Bought by
Wagner Norma C and Wagner Family 1983 Trust

Purchase Details

Closed on
Sep 26, 2006
Sold by
Wagner Norma C and The Wagner Family 1983 Trust
Bought by
Wagner Norma C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 1, 1995
Sold by
Wagner Harry F and Alice M Wagner 1983 Trust
Bought by
Wagner Harry F and Wagner Norma C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bjork Sharon L -- None Available
Bjork Sharon L $775,000 Lawyers Title
Wagner Norma C -- None Available
Wagner Norma C -- Chicago Title Co
Wagner Harry F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bjork Sharon L $581,250
Previous Owner Wagner Norma C $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2014 06/09/14 Sold $775,000 -3.1% $250 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $800,000 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,338 $953,283 $674,220 $279,063
2024 $12,338 $934,592 $661,000 $273,592
2023 $12,132 $916,268 $648,040 $268,228
2022 $11,393 $898,303 $635,334 $262,969
2021 $11,162 $880,690 $622,877 $257,813
2020 $11,132 $871,661 $616,491 $255,170
2019 $11,003 $854,570 $604,403 $250,167
2018 $10,631 $834,958 $592,552 $242,406
2016 $9,773 $802,538 $569,544 $232,994
2015 $9,382 $790,484 $560,989 $229,495
2014 $1,410 $79,360 $47,577 $31,783
Source: Public Records

Agents Affiliated with this Home

  • Bryant Lugo

    Seller's Agent in 2014

    Bryant Lugo

    Lugo Brothers RE

    (714) 797-0001

    53 Total Sales

    Bryant Lugo
    Section Image
  • Kenneth Lugo

    Seller Co-Listing Agent in 2014

    Kenneth Lugo

    Lugo Brothers RE

    (714) 797-0000

    72 Total Sales

    Kenneth Lugo
    Section Image

  • K

    Buyer's Agent in 2014

    Karen Kiesz

    Broadmoor Realty, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14090633

California Regional Multiple Listing Service (CRMLS)

APN: 7257-014-018

California Los Angeles County Long Beach 90814 Bluff Heights

363 Redondo Ave, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) 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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