NOT LISTED FOR SALE

Estimated Value: $1,157,000 - $1,373,642

5 Beds
3 Baths
1,974 Sq Ft
$655/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $920,000 $466 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $7,878/month

3 Days on Market

Highlights

  • Art Studio
  • All Bedrooms Downstairs
  • Craftsman Architecture
  • Woodrow Wilson High School Rated A
  • 0.09 Acre Lot
  • Wood Flooring

About This Home

As of May 2019

SO MUCH TO LOVE! Welcome to this wonderfully maintained, Craftsman Bungalow, Alamitos Beach INCOME PROPERTY! Located in the HEART of Retro Row, this charming two-unit property is just steps from quaint local artist and coffee shops, theatres, antique stores and everything in between. From the gorgeous craftsman coffered ceilings and trim, original leaded glass windows and cabinetry (with abundant storage), original hardwood flooring and beautiful Catalina tile fireplace you (or your renters) will love calling this place home! The front house has 2 bedrooms and 1 bathroom with 952 sq. Ft. The back unit (above the 2-car garage) also has 2 bedrooms and 1 bathroom with 1,022 sq. Ft. (there is a separate bonus room downstairs with its own entrance and bathroom as well). Each unit has its own laundry! The landscaping is absolutely lovely and includes wisteria plants, grapefruit, succulents, and so much more! Updates in the home include granite countertops and backsplash in kitchen (2018), newly poured concrete (2014), updated stucco, updated PVC plumbing, fresh paint throughout (2019) and updated roof (2011). Did I mention you are just half a mile from Junipero Beach?! That’s just a 5-minute bike ride! Local Harvest Farmers Market every Saturday at Bixby Park to stock your kitchen with! Truly amazing and one-of-a-kind Long Beach property. This one WON’T LAST LONG! Great investment!

Last Agent to Sell the Property

Frank Abbadessa

RE/MAX College Park Realty License #01883955 Listed on: 04/03/2019

RE/MAX College Park Realty

Last Buyer's Agent

Frank Abbadessa

RE/MAX College Park Realty License #01883955 Listed on: 04/03/2019

RE/MAX College Park Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 3,949 Sq Ft Lot
  • East Facing Home
  • Corner Lot
  • Private Yard
  • Back Yard
  • Property is zoned LBR1N

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,974 Sq Ft Home
  • Built-In Features
  • Wainscoting
  • Tray Ceiling
  • Ceiling Fan
  • Window Screens
  • Living Room with Fireplace
  • Bonus Room
  • Art Studio
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5500
  • Assessor Parcel Number 7263004041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 70.00
  • Zoning: LBR1N
  • Architectural Style: Bungalow, Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 7263004041
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Tray Ceiling(s), Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Price Per Square Foot: 466.06
  • Room Type: All Bedrooms Down, All Bedrooms Up, Art Studio, Bonus Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Utility Room
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Raised, Slab
  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Trash Expense: 70.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Yard
  • Lot Size Sq Ft: 3949.00
  • Lot Size Acres: 0.0907

Multi Family

  • Electric Expense: 110.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 11875.00
  • Lot Size Area: 3949.0000 Square Feet
  • Net Operating Income: 68820.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 265.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5768.01
  • Tax Lot: 10
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2019
Closed on
Apr 30, 2019
Sold by
Donahoe Colin Gerard and Donahoe Mariana Isabel
Bought by
The Donahoe Family Trust
Seller's Agent
Frank Abbadessa
RE/MAX College Park Realty
Buyer's Agent
Frank Abbadessa
RE/MAX College Park Realty
List Price
$949,000
Sold Price
$920,000
Premium/Discount to List
-$29,000
-3.06%
Current Estimated Value
$1,293,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,411
Avg. Annual Appreciation
5.26%

Purchase Details

Listed on
Apr 3, 2019
Closed on
Apr 18, 2019
Sold by
Straus Falk Ronald Lee and Straus Falk Nan
Bought by
Donahoe Colin Gerard and Donahoe Mariana Isabel
Seller's Agent
Frank Abbadessa
RE/MAX College Park Realty
Buyer's Agent
Frank Abbadessa
RE/MAX College Park Realty
List Price
$949,000
Sold Price
$920,000
Premium/Discount to List
-$29,000
-3.06%

Purchase Details

Closed on
Nov 29, 2012
Sold by
Straus Falk Ronald Lee and Straus Falk Nay
Bought by
Straus Falk Ronald Lee and Straus Falk Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2012
Sold by
Straus Falk Ronald L and Straus Falk Nan
Bought by
Straus Falk Ronald L and Straus Falk Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2010
Sold by
Johrei Fellowship
Bought by
Falk Ronald L and Falk Nan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
4.91%
Mortgage Type
New Conventional
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
The Donahoe Family Trust -- Lawyers Title
Donahoe Colin Gerard $920,000 Lawyers Title
Straus Falk Ronald Lee -- Ticor Title Co
Straus Falk Ronald L -- Usa National Title Co
Falk Ronald L $545,000 Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Straus Falk Ronald Lee $396,000
Previous Owner Straus Falk Ronald L $400,000
Previous Owner Falk Ronald L $408,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2019 05/03/19 Sold $920,000 -3.1% $466 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $949,000 -- $481 / 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 $12,967 $1,026,273 $725,085 $301,188
2024 $12,967 $1,006,151 $710,868 $295,283
2023 $12,752 $986,424 $696,930 $289,494
2022 $11,964 $967,083 $683,265 $283,818
2021 $11,732 $948,121 $669,868 $278,253
2020 $11,702 $938,400 $663,000 $275,400
2019 $8,064 $630,637 $404,998 $225,639
2018 $7,833 $618,272 $397,057 $221,215
2016 $7,204 $594,266 $381,640 $212,626
2015 $6,914 $585,341 $375,908 $209,433
2014 $6,868 $573,876 $368,545 $205,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19074509

California Regional Multiple Listing Service (CRMLS)

APN: 7263-004-041