NOT LISTED FOR SALE

487 Dawson Ave Long Beach, CA 90814

North Alamitos Beach Neighborhood

Estimated Value: $1,389,804 - $1,709,000

8 Beds
7 Baths
3,165 Sq Ft
$490/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $720,000 $227 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $9,083/month

118 Days on Market

Highlights

  • 0.16 Acre Lot
  • Craftsman Architecture
  • No HOA
  • Woodrow Wilson High School Rated A

About This Home

As of April 2014

Front California Bungalow Home features 3 Bedrooms & 2 Bathrooms and a 1 car garage and rents for $1,420/month with long standing tenants...Additional 5 1 Bedroom Units in the Back total $3,800 in additional income for a total of $5,220/month. There is an additional 1-car garage that rents for $75/month bring the total to $5,295/month. Property is located in the Rose Park Historic District and is within walking distance to the 4th Street Shops and Restaurants.

Last Agent to Sell the Property

Kym Elder

Coldwell Banker Realty License #01320231 Listed on: 04/01/2014

Coldwell Banker Realty

Last Buyer's Agent

Michael Richards

Keller Williams Pacific Estate License #01308435

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,782 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • 3,165 Sq Ft Home
  • Craftsman Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7263002003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,100
  • Insurance Expense $5,100
  • Maintenance Expense $6,000
  • Professional Management Expense $3,500
  • Trash Expense $550
  • Water Sewer Expense $1,400
  • Gross Income $5,300
  • Net Operating Income $24,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3500.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1400.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7263002003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 227.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 550.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6782.00
  • Lot Size Acres: 0.1560

Multi Family

  • Electric Expense: 1100.00
  • Gross Income: 5300.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 5100.00
  • Lot Size Area: 6782.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 24100.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Number With Patio: 4
  • Operating Expense: 23400.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2014
Closed on
Apr 2, 2014
Sold by
Culp John and Culp Tammy
Bought by
Obispo Ave Apts Llc
Seller's Agent
Kym Elder
Coldwell Banker Realty
Buyer's Agent
Michael Richards
Keller Williams Pacific Estate
List Price
$860,000
Sold Price
$720,000
Premium/Discount to List
-$140,000
-16.28%
Current Estimated Value
$1,549,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$829,402
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Sep 9, 2006
Sold by
Culp John and Culp Tammy M
Bought by
Culp John and Culp Tammy

Purchase Details

Closed on
Nov 10, 2005
Sold by
Gdovin Ronald and Rickard Dina
Bought by
Culp John and Culp Tammy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2002
Sold by
Gdovin Ronald and Rickard Dina
Bought by
Gdovin Ronald and Rickard Dina

Purchase Details

Closed on
May 22, 2001
Sold by
Rickard Dina
Bought by
Rickard Dina and Gdovin Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,500
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2001
Sold by
California Western Financial Corp
Bought by
Rickard Dina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,500
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2001
Sold by
Mcdowell Jerrie E and Mcdowell Marrillyn
Bought by
California Western Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,500
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1999
Sold by
City National Bank
Bought by
Mcdowell Jerrie E and Mcdowell Marrillyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 1998
Sold by
Gonzalez Jose V and Gonzalez Rebeca L
Bought by
City National Bank

Purchase Details

Closed on
Jan 10, 1994
Sold by
Harbor Bank
Bought by
Gonzalez Jose V and Gonzalez Rebeca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 1993
Sold by
Wes Pac Reconveyance Inc
Bought by
Harbor Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Obispo Ave Apts Llc $720,000 Fidelity National Title Co
Culp John -- None Available
Culp John $742,000 North American Title Company
Gdovin Ronald -- --
Rickard Dina -- --
Rickard Dina $308,000 Stewart Title
California Western Financial Corp -- Stewart Title
Mcdowell Jerrie E $205,000 Stewart Title
City National Bank $221,400 Fidelity National Title Ins
Gonzalez Jose V $280,000 Fidelity National Title Ins
Harbor Bank $81,648 Orange Coast Title Of Los An
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Culp John $400,000
Previous Owner Rickard Dina $230,500
Previous Owner Mcdowell Jerrie E $210,000
Previous Owner Gonzalez Jose V $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2014 04/25/14 Sold $720,000 -16.3% $227 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
12/04/2013 12/04/13 For Sale $860,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,869 $882,609 $735,512 $147,097
2024 $11,869 $865,304 $721,091 $144,213
2023 $11,661 $848,338 $706,952 $141,386
2022 $10,959 $831,705 $693,091 $138,614
2021 $10,725 $815,398 $679,501 $135,897
2020 $10,697 $807,398 $672,534 $134,864
2019 $10,572 $791,575 $659,348 $132,227
2018 $10,256 $776,062 $646,420 $129,642
2016 $9,443 $745,583 $621,320 $124,263
2015 $9,073 $734,385 $611,988 $122,397
2014 $10,251 $827,171 $501,655 $325,516
Source: Public Records

Agents Affiliated with this Home

  • Kym Elder

    Seller's Agent in 2014

    Kym Elder

    Coldwell Banker Realty

    (562) 254-1489

    1 in this area

    36 Total Sales

    Kym Elder
    Section Image
  • Michael Richards

    Buyer's Agent in 2014

    Michael Richards

    Keller Williams Pacific Estate

    (562) 889-1317

    1 Total Sale

    Michael Richards
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13242470

California Regional Multiple Listing Service (CRMLS)

APN: 7263-002-003

California Los Angeles County Long Beach 90814 North Alamitos Beach

487 Dawson Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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