NOT LISTED FOR SALE

370 Obispo Ave Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,278,000 - $2,043,682

9 Beds
8 Baths
4,398 Sq Ft
$386/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $1,287,500 $293 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,359/month

9 Days on Market

Highlights

  • Double Door Entry
  • Laundry Room
  • Wood Burning Fireplace
  • Woodrow Wilson High School Rated A
  • Fire Pit
  • Carpet

About This Home

As of November 2016

This is a fantastic opportunity to purchase this great 'Statewide four-plex in one of the best areas of Long Beach Coast in Belmont Heights.The property is ideal for an owner occupant or as an investment property. The front unit consists of 3 bedrooms and 2 bathrooms. The front unit also features a lock off that allows for a Mother-in-Law or Bachelor unit. The other 3 attached units each have 2 bedrooms and 2 bathrooms. The property also has 3 garages and a laundry room that generates income.The property is located less than 5 blocks away from the beach and is very close to Belmont Shore and Downtown Long Beach. Please do not disturb the tenants.

Last Listed By

Hector Garcia

Equity Smart Real Estate Services License #01917424 Listed on: 09/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,176

Year Built

  • Built in 1969

Lot Details

  • 6,751

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • Wood Burning Fireplace
  • Double Door Entry
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Fire Pit
  • 6,751 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 7257013014

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $178
  • Water Sewer Expense $160
  • Operating Expense $4,896
  • Gross Income $75,960

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,176

Year Built

Built in 1969

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 160.00
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Parcel Number: 7257013014
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Door Features: Double Door Entry
  • Fireplace Features: Fire Pit, Living Room, Wood Burning
  • Levels: Two

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 75960.00
  • Insurance Expense: 178.00
  • Lot Size Area: 6751.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 190.00
  • Total Actual Rent: 75960.00
  • Total Expenses: 4896.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Pirate Road Llc
Bought by
Edelweiss Obispo Llc
Total Days on Market
9
Current Estimated Value
$1,699,171

Purchase Details

Listed on
Sep 12, 2016
Closed on
Sep 28, 2016
Sold by
Siercke Melida
Bought by
Pirate Road Llc
Seller's Agent
Hector Garcia
Equity Smart Real Estate Services
Buyer's Agent
Nate Cole
Suprstructur
List Price
$1,350,000
Sold Price
$1,287,500
Premium/Discount to List
-$62,500
-4.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%

Purchase Details

Closed on
Dec 6, 2006
Sold by
Stephenson Ralph J
Bought by
Siercke Melida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$849,750
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2004
Sold by
Wicks Matthew H
Bought by
Stephenson Ralph J and Stephenson Gladys Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,920
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Murphy Stephen M
Bought by
Wicks Matthew H and Wicks Chi D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1998
Sold by
Murphy Stephen M
Bought by
Murphy Stephen M and Rychlec Kelly M

Range of Values:

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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
Edelweiss Obispo Llc -- None Listed On Document
Pirate Road Llc $1,287,500 Title 365
Siercke Melida $1,133,000 Ticor Title Co Fullerton
Stephenson Ralph J $1,000,000 First Southwestern Title Co
Wicks Matthew H $815,000 Fidelity
Murphy Stephen M -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edelweiss Obispo Llc $1,105,000
Previous Owner Pirate Road Llc $900,000
Previous Owner Siercke Melida $849,750
Previous Owner Stephenson Ralph J $799,920
Previous Owner Wicks Matthew H $570,500
Closed Wicks Matthew H $81,500
Closed Stephenson Ralph J $99,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $1,287,500 -4.6% $293 / Sq Ft
09/21/2016 09/21/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $1,350,000 -- $307 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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
2024 $22,176 $1,706,256 $1,258,884 $447,372
2023 $21,807 $1,672,800 $1,234,200 $438,600
2022 $17,710 $1,408,067 $984,280 $423,787
2021 $17,354 $1,380,459 $964,981 $415,478
2019 $17,107 $1,340,215 $936,360 $403,855
2018 $16,607 $1,313,950 $918,000 $395,950
2016 $14,316 $1,180,000 $624,900 $555,100
2015 $13,940 $1,180,000 $624,900 $555,100
2014 $11,264 $930,000 $685,500 $244,500
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2016

    Hector Garcia

    Equity Smart Real Estate Services

    (323) 258-4842

    5 Total Sales

    Section Image
  • Nate Cole

    Buyer's Agent in 2016

    Nate Cole

    Suprstructur

    (562) 673-3550

    84 Total Sales

    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316008589

Pasadena-Foothills Association of REALTORS®

APN: 7257-013-014

California Los Angeles County Long Beach 90814 Bluff Heights

370 Obispo Ave, Long Beach, CA

Homes for Sale in Long Beach, CA

This home is located at 370 Obispo Ave, Long Beach, CA 90814 since 12 September 2016 and is currently estimated at $1,699,171, approximately $386 per square foot. This property was built in 1969. 370 Obispo Ave is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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