NOT LISTED FOR SALE

435 E Broadway Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $3,511,904

7 Beds
8 Baths
4,822 Sq Ft
$728/Sq Ft Est. Value

Sale Details

Date Sold: July 26, 2016

Last sale price $1,301,500 $270 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $22,353 / mo

171 Days on Market

About This Home

As of July 2016

We are pleased to present 435 East Broadway, a 4,822-square foot mixed-use building currently containing four commercial units and four apartment units. The property is located in the East Arts Village of Downtown Long Beach on the Northwest corner of Linden Avenue and East Broadway. On the Southwest corner is the recently renovated Broadlin Place, a mixed-use project containing 17 apartments and ground-level retail. On the Southeast corner is Lafayette Condominium project, an apartment complex containing 173-units with ground-level retail.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 06/16/2016

Last Buyer's Agent

Carol Li

FIDELITY REALTORS License #00906211

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,366 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • 4,822 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 576200
  • Assessor Parcel Number 7281016019

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $1,846
  • Maintenance Expense $5,780
  • Other Expense $2,400
  • Professional Management Expense $1,700
  • Trash Expense $1,175
  • Water Sewer Expense $1,175
  • New Taxes Expense $16,740
  • Gross Income $6,000
  • Net Operating Income $39,023

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

3,366 Sq Ft Lot

Listing Details

  • CapRate: 2.80
  • Professional Management Expense: 1700.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 1175.00
  • Property Type: Residential Income
  • Parcel Number: 7281016019
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 269.91

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown
  • Trash Expense: 1175.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 3366.00
  • Price Per Lot Square Foot: 386.66
  • Lot Size Acres: 0.0770

Multi Family

  • Gross Income: 6000.00
  • Gross Multiplier: 19.38
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1846.00
  • Lot Size Area: 3366.0000 Square Feet
  • Maintenance Expense: 5780.00
  • Net Operating Income: 39023.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 30817.00
  • Other Expense: 2400.00
  • Other Expense Description: Misc/Res
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16740.00
  • Tax Lot: 25
  • Tax Tract Number: 576200

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2019
Sold by
Bought by
Current Estimated Value
$3,511,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,175,000
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jun 6, 2016
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Carol Li
FIDELITY REALTORS
List Price
$1,450,000
Sold Price
$1,301,500
Premium/Discount to List
-$148,500
-10.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$730,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0709%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,900,000 Old Republic Title Company
$1,301,500 Fidelity Sherman Oaks
-- --
-- North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,175,000
Previous Owner $730,000
Previous Owner $112,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/26/2016 07/26/16 Sold $1,301,500 -10.2% $270 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $1,450,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $44,574 $3,171,571 $656,186 $2,515,385
2024 $42,640 $3,109,384 $643,320 $2,466,064
2023 $41,850 $3,048,416 $630,706 $2,417,710
2022 $39,302 $2,988,644 $618,340 $2,370,304
2021 $38,008 $2,930,044 $606,216 $2,323,828
2019 $19,356 $1,354,080 $697,068 $657,012
2018 $18,850 $1,327,530 $683,400 $644,130
2016 $7,679 $438,673 $144,673 $294,000
2015 $7,405 $432,084 $142,500 $289,584
2014 $7,318 $423,621 $139,709 $283,912
Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2016

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    1 in this area

    39 Total Sales

    Kevin King
    Section Image

  • C

    Buyer's Agent in 2016

    Carol Li

    FIDELITY REALTORS

    (626) 710-6610

    14 Total Sales

    Carol Li
    Section Image

  • G

    Buyer Co-Listing Agent in 2016

    General NONMEMBER

    NONMEMBER MRML

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16024861

California Regional Multiple Listing Service (CRMLS)

APN: 7281-016-019

California Los Angeles County Long Beach 90802 East Village

435 E Broadway, Long Beach, CA

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

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