NOT LISTED FOR SALE

414 Walnut Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,379,454

3 Beds
2 Baths
3,386 Sq Ft
$407/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $1,400,000 $413 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,693/month

36 Days on Market

Highlights

  • 0.15 Acre Lot
  • Rectangular Lot
  • 1-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2023

Phenomenal Mixed-Use Opportunity in North Alamitos Beach. Located on 4th Street Corridor. Property consisting of liquor store, and 3 apartment units behind. One (1) two-bedroom and two (2) one-bedroom units. Two of the three units have new Roof, Paint, Plumbing, Electric, and AC Units. Two enclosed garages.

Last Agent to Sell the Property

Chris Walker

Triqor Group License #01905338 Listed on: 06/23/2023

Last Buyer's Agent

Ayaz Walji

Oceanfront Mortgage License #01291064

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,692 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,386 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 7266019022
  • $852 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $41,530
  • Gross Income $106,948
  • Net Operating Income $65,419

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBCNR
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7266019022
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 413.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6692.00
  • Lot Size Acres: 0.1536

Multi Family

  • Gross Income: 106948.00
  • Gross Scheduled Income: 110256.00
  • Lot Size Area: 6692.0000 Square Feet
  • Net Operating Income: 65419.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 41530.00
  • Rent Control: Yes
  • Total Expenses: 41530.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 19
  • TaxOtherAnnualAssessmentAmount: 852.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Sep 29, 2023
Sold by
Madan Family 2Oo3 Trust and Madan A
Bought by
Walnut Lb Llc
Seller's Agent
Chris Walker
Triqor Group
Buyer's Agent
Ayaz Walji
Oceanfront Mortgage
List Price
$1,400,000
Sold Price
$1,400,000
Views
97
Current Estimated Value
$1,379,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,546
Avg. Annual Appreciation
-0.65%

Purchase Details

Closed on
Mar 26, 2003
Sold by
Madan A K and Madan Manju
Bought by
Madan A K and Madan Manju

Purchase Details

Closed on
Mar 11, 1994
Sold by
Investors Trust Deed Inc
Bought by
Madan A K and Madan Manju
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
Walnut Lb Llc $1,400,000 Ticor Title Company
Madan A K -- --
Madan A K $91,961 Stewart Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $1,400,000 0.0% $413 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $1,400,000 -- $413 / 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 $18,258 $1,428,000 $918,000 $510,000
2024 $18,258 $1,400,000 $900,000 $500,000
2023 $4,086 $258,092 $224,781 $33,311
2022 $3,860 $253,032 $220,374 $32,658
2021 $3,761 $248,071 $216,053 $32,018
2020 $3,750 $245,528 $213,838 $31,690
2019 $3,708 $240,715 $209,646 $31,069
2018 $5,290 $235,996 $205,536 $30,460
2016 $3,209 $226,833 $197,555 $29,278
2015 $3,093 $223,427 $194,588 $28,839
2014 $3,079 $219,052 $190,777 $28,275
Source: Public Records

Agents Affiliated with this Home

  • Chris Walker

    Seller's Agent in 2023

    Chris Walker

    Triqor Group

    (714) 801-0173

    2 in this area

    11 Total Sales

    Chris Walker
    Section Image

  • A

    Buyer's Agent in 2023

    Ayaz Walji

    Oceanfront Mortgage

    (619) 325-6320

    1 in this area

    2 Total Sales

    Ayaz Walji
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23111739

California Regional Multiple Listing Service (CRMLS)

APN: 7266-019-022

California Los Angeles County Long Beach 90802 North Alamitos Beach

414 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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.

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

Nearby Homes