NOT LISTED FOR SALE

4302 E Anaheim St Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $2,352,402

2 Beds
5 Baths
5,511 Sq Ft
$427/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $1,450,000 $263 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $13,771/month

64 Days on Market

About This Home

As of January 2017

OWNER WILL CARRY A FIRST FOR 20 YEARS. Charming mixed-use property located in the Historic Zaferia District of Long Beach, on the highly visible corner of Anaheim Street and Bennett Avenue. The main commercial building fronting Anaheim Street consists of a 2,700 sq. ft. commercial space that is currently divided into two retail store fronts. The well-known, Iguana Kelley's Bar occupies both commercial spaces. Above Iguana Kelley's are two residential units, consisting of a 3 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. Behind the commercial building, fronting Bennett Avenue is a 3 car garage with a 2 bedroom, 1 bath residential above these garages. The parking lot is approximately 4,275 sq. ft., currently striped for 10 cars and has a separate APN and tax bill. This lot is included in the purchase price. Iguana Kelley's initial lease expires on May 31, 2018. The business owner has two (2), five (5) year options to extend, with increases noted in the lease agreement.SEE DOC

Last Agent to Sell the Property

Lane Aronson

Berkshire Hathaway HomeServices California Properties License #00681193 Listed on: 04/11/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Brian Zinda

Berkshire Hathaway HomeServices California Properties License #01939020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,550 Sq Ft Lot

Parking

  • 10 Parking Spaces

Interior Spaces

  • 5,511 Sq Ft Home
  • 2-Story Property

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7241-009-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5511
  • Stories: 2
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 290.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 10

Utilities

  • Water Expense: 2200.00

Fee Information

  • Insurance Expense: 3000.00
  • Maintenance Expense: 1000.00
  • Other Expense: 2400.00

Lot Info

  • Assessor Parcel Number: 7241-009-016
  • Geocode Override: No
  • Lot Size Area: 8550

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.30
  • Number Of Units: 4
  • Type Of Units: Mixed

Tax Info

  • Tax Expense: 22400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2024
Sold by
Rau Geoff and Malone Patrick
Bought by
4306 Anaheim Llc
Current Estimated Value
$2,352,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,975,700
Outstanding Balance
$1,949,137
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$403,265

Purchase Details

Closed on
Mar 20, 2024
Sold by
4302 E Anaheim St Llc
Bought by
Rau Geoff and Malone Patrick

Purchase Details

Closed on
Apr 18, 2019
Sold by
Shea Stadium Ventures Inc
Bought by
4302 E Anaheim St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 11, 2018
Sold by
Shea Stadium Ventures Inc
Bought by
Shea Stadium Ventures Inc and 4302 E Anaheim Street Llc

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jan 6, 2017
Sold by
Cooke Russell A
Bought by
Shea Stadium Ventures Inc
Seller's Agent
Lane Aronson
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,600,000
Sold Price
$1,450,000
Premium/Discount to List
-$150,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$1,010,000
Interest Rate
4.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 16, 1997
Sold by
Sanchez Kelly Doyle
Bought by
Sanchez William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
7.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 1997
Sold by
Sanchez William J
Bought by
Cooke Russell A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
7.93%
Mortgage Type
Commercial
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
4306 Anaheim Llc $2,300,000 Wfg National Title Insurance C
Malone Patrick -- Wfg National Title
Rau Geoff -- Wfg National Title
Rau Geoff -- Wfg National Title
4302 E Anaheim St Llc -- Chicago Title Company
Shea Stadium Ventures Inc -- None Available
Shea Stadium Ventures Inc $1,450,000 California Title Company
Sanchez William J -- Commonwealth Title
Cooke Russell A -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4306 Anaheim Llc $1,975,700
Previous Owner 4302 E Anaheim St Llc $1,215,000
Previous Owner Shea Stadium Ventures Inc $1,010,000
Previous Owner Cooke Russell A $273,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2017 01/20/17 Sold $1,450,000 -9.4% $263 / Sq Ft
12/31/2016 12/31/16 For Sale $1,600,000 +10.3% $290 / Sq Ft
10/20/2016 10/20/16 Off Market $1,450,000 -- --
06/17/2016 06/17/16 For Sale $1,600,000 0.0% $290 / Sq Ft
06/14/2016 06/14/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $1,600,000 0.0% $290 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $1,600,000 -- $290 / Sq Ft
Source: The MLS

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 $17,346 $1,734,000 $714,000 $1,020,000
2024 $17,346 $1,285,341 $548,434 $736,907
2023 $17,046 $1,260,139 $537,681 $722,458
2022 $16,012 $1,235,432 $527,139 $708,293
2021 $15,667 $1,211,208 $516,803 $694,405
2020 $14,839 $1,133,295 $483,161 $650,134
2019 $14,665 $1,111,075 $473,688 $637,387
2018 $13,784 $1,049,580 $448,800 $600,780
2016 $5,184 $361,477 $134,879 $226,598
2015 $4,997 $356,048 $132,853 $223,195
2014 $4,968 $349,074 $130,251 $218,823
Source: Public Records

Agents Affiliated with this Home

  • Lane Aronson

    Seller's Agent in 2017

    Lane Aronson

    Berkshire Hathaway HomeServices California Properties

    (323) 671-1233

    22 Total Sales

    Lane Aronson
    Section Image
  • Brian Zinda

    Seller Co-Listing Agent in 2017

    Brian Zinda

    Berkshire Hathaway HomeServices California Properties

    (323) 671-1287

    35 Total Sales

    Brian Zinda
    Section Image

  • S

    Buyer's Agent in 2017

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 16-114316

The MLS

APN: 7241-009-016

California Los Angeles County Long Beach 90804 Recreation Park

4302 E Anaheim St, Long Beach, CA

Not Listed for Sale

MultiFamily

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