NOT LISTED FOR SALE

432 Alamitos Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,247,000 - $1,869,000

7 Beds
4 Baths
3,279 Sq Ft
$493/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $1,115,000 $340 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,908/month

9 Days on Market

Highlights

  • 5,195 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • 2 Car Detached Garage

About This Home

As of April 2018

A Character 4-Plex in the heart of the East Village Arts District just blocks to Downtown and the beach. This property consists of 2 duplexes with a middle courtyard on a street to street lot. The first duplex, located on Alamitos Ave. is an upper/lower 1930's restored Spanish that features refinished hardwood floors, living room with tray ceilings, formal dining room with built-ins, breakfast room, tiled kitchen and a service porch with its own washer & dryer. The upper 2BR/1BA unit is vacant and in move-in condition, and the lower 2BR/1BA unit is rented for $2,100 a month. The second duplex, located on Zona Ct, is a side by side 1919 bungalow with a vacant 1BR/1BA unit that is ready to rent. The second unit is a 2BR/1BA with a private patio and storage and is currently tenant occupied month to month. All units open to a grassy courtyard. There is a two-car garage with a long double driveway that fits multiple cars. Close to transportation, restaurants and shops.

Last Agent to Sell the Property

Ross Carter

Coldwell Banker Realty License #01190160 Listed on: 03/21/2018

Coldwell Banker Realty

Last Buyer's Agent

Christine Morgan

Marterra Real Estate License #01839037

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,195

Home Design

  • Quadruplex

Interior Spaces

  • 3,279 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Driveway

Additional Features

  • 5,195 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7266-008-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3279
  • Stories: 2
  • Year Built: 1919
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Hood Fan, Washer
  • Price Per S Q F T: 334.86

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Driveway, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Expense: 788.00

Fee Information

  • Insurance Expense: 616.00
  • Other Expense: 206.00

Lot Info

  • Assessed Improvement Value: 132427
  • Assessed Land Value: 105939
  • Assessor Parcel Number: 7266-008-016
  • Geocode Override: No
  • Lot Size Area: 5195

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.26
  • Number Of Units: 4
  • Rent Control: 0
  • Type Of Units: 4-Plex

Tax Info

  • Tax Expense: 4014.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Apr 9, 2018
Sold by
Wolfe Thaddeus and Wolfe Bin
Bought by
James Gregory Lawrence
Seller's Agent
Ross Carter
Coldwell Banker Realty
Buyer's Agent
Christine Morgan
Marterra Real Estate
List Price
$1,098,000
Sold Price
$1,115,000
Premium/Discount to List
$17,000
1.55%
Current Estimated Value
$1,617,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,331
Avg. Annual Appreciation
4.95%
Original Mortgage
$836,250
Outstanding Balance
$719,161
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$898,170

Purchase Details

Closed on
Sep 20, 2000
Sold by
Conlan Anne C and Angela B Conlan Family Trust
Bought by
The Roman Catholic Archbishop Of La

Purchase Details

Closed on
Apr 21, 2000
Sold by
Angela B Conlan Family Trust and Ann
Bought by
Wolfe Thaddeus and Wolfe Bin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.39%
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
James Gregory Lawrence $1,115,000 Equity Title
The Roman Catholic Archbishop Of La -- --
Wolfe Thaddeus $180,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James Gregory Lawrence $836,250
Previous Owner Wolfe Thaddeus $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $1,115,000 +1.5% $340 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $1,098,000 -- $335 / 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 $17,504 $1,275,306 $887,505 $387,801
2024 $17,504 $1,250,301 $870,103 $380,198
2023 $17,100 $1,219,412 $853,043 $366,369
2022 $16,073 $1,195,503 $836,317 $359,186
2021 $15,588 $1,172,063 $819,919 $352,144
2019 $15,330 $1,137,300 $795,600 $341,700
2018 $4,359 $243,132 $108,057 $135,075
2016 $4,014 $233,693 $103,862 $129,831
2015 $3,874 $230,183 $102,302 $127,881
2014 $3,854 $225,675 $100,299 $125,376
Source: Public Records

Agents Affiliated with this Home

  • Ross Carter

    Seller's Agent in 2018

    Ross Carter

    Coldwell Banker Realty

    (323) 454-3750

    20 Total Sales

    Ross Carter
    Section Image
  • Christine Morgan

    Buyer's Agent in 2018

    Christine Morgan

    Marterra Real Estate

    (949) 910-1042

    1 in this area

    167 Total Sales

    Christine Morgan
    Section Image
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Map

Source: The MLS

MLS Number: 18-325282

The MLS

APN: 7266-008-016

California Los Angeles County Long Beach 90802 North Alamitos Beach

432 Alamitos Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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