Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
71 Total Sales
495 E Market St Long Beach, CA 90805
Dairy Neighborhood
6
Beds
4
Baths
9,929
Sq Ft
0.59
Acres
Highlights
- 0.59 Acre Lot
- Laundry Room
- 4-minute walk to Grace Park
About This Home
As of February 2024475-495 E. Market Street is an 8-unit apartment property with a church situated on an oversized lot of 25,524 square feet in Long Beach, California.
This rare property consists of (4) 1 BD/1 BA units, (3) 2 BD/1 BA units, and (1) 3 BD/2 BA. The 4,000-square foot existing church can be used as-is, or could potentially be used to add additional units*. Ample parking is available on the site, with 21 surface spaces and two (2)garages, which could also be converted to a 1 BD/1 BA ADU. Laundry facilities are located onsite for additional income. The property is well-located with convenient access to the 710 605, and 405 freeways.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 02/17/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $22,691
Year Built
- Built in 1936
Lot Details
- 0.59 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
- 7127022032
Parking
- 21 Open Parking Spaces
- 4 Car Garage
Home Design
- 9,929 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 1273
- Tax Tract Number 5134
- Assessor Parcel Number 7127022030
- $469 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 8 Units
- North Long Beach Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,000
- Fuel Expense $6,000
- Gardener Expense $1,000
- Insurance Expense $8,440
- Maintenance Expense $5,850
- Other Expense $2,025
- Pest Control $900
- Professional Management Expense $15,025
- Trash Expense $6,000
- Water Sewer Expense $6,000
- New Taxes Expense $31,713
- Operating Expense $89,652
- Gross Income $189,995
- Net Operating Income $100,343
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2023
Closed on
Feb 8, 2024
Sold by
495 E Market Street Llc
Bought by
Bangash Farah and Bangash Sikandar
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Rahul Bhagat
eXp Realty of California Inc
List Price
$2,500,000
Sold Price
$2,230,000
Premium/Discount to List
-$270,000
-10.8%
Views
103
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,338,000
Interest Rate
6.66%
Mortgage Type
Construction
Purchase Details
Listed on
Feb 17, 2023
Closed on
Feb 5, 2024
Sold by
Arias James E and Arias Michele M
Bought by
495 E Market Street Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Rahul Bhagat
eXp Realty of California Inc
List Price
$2,500,000
Sold Price
$2,230,000
Premium/Discount to List
-$270,000
-10.8%
Views
103
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,338,000
Interest Rate
6.66%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 12, 2020
Sold by
495 E Market Street Llc
Bought by
Arias James E and Bechler Arias Michele
Purchase Details
Closed on
Nov 30, 2008
Sold by
Keele Jane B and Keele Living Trust
Bought by
495 E Market Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
5.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 7, 2008
Sold by
Shea Douglas and Shea Claudia L
Bought by
495 E Market Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
5.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 28, 2006
Sold by
495 E Market Street Llc
Bought by
Shea Douglas
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bangash Farah | $2,230,000 | Provident Title Company | |
| Bangash Farah | -- | Provident Title Company | |
| 495 E Market Street Llc | -- | Provident Title Company | |
| Arias James E | $100,000 | None Available | |
| 495 E Market Street Llc | -- | None Available | |
| 495 E Market Street Llc | -- | None Available | |
| Shea Douglas | -- | None Available | |
| Keele Jane B | $350,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Bangash Farah | $1,338,000 | |
| Previous Owner | Arias James E | $1,160,000 | |
| Previous Owner | 495 E Market Street Llc | $700,000 | |
| Previous Owner | 495 E Market Street Llc | $536,000 | |
| Previous Owner | 495 E Market Street Llc | $536,000 | |
| Previous Owner | 495 E Market Street Llc | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/23/2024 02/23/24 | Sold | $2,230,000 | -10.8% | $225 / Sq Ft |
| 11/08/2023 11/08/23 | Pending | -- | -- | -- |
| 02/17/2023 02/17/23 | For Sale | $2,500,000 | -- | $252 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,691 | $1,356,600 | $642,600 | $714,000 |
| 2024 | $22,691 | $1,644,871 | $1,039,983 | $604,888 |
| 2023 | $22,303 | $1,612,620 | $1,019,592 | $593,028 |
| 2022 | $20,974 | $1,581,000 | $999,600 | $581,400 |
| 2021 | $17,444 | $1,291,736 | $730,423 | $561,313 |
| 2020 | $17,397 | $1,278,492 | $722,934 | $555,558 |
| 2019 | $17,198 | $1,253,424 | $708,759 | $544,665 |
| 2018 | $16,484 | $1,228,848 | $694,862 | $533,986 |
| 2016 | $15,149 | $1,181,132 | $667,881 | $513,251 |
| 2015 | $14,562 | $1,163,391 | $657,849 | $505,542 |
| 2014 | $14,452 | $1,140,603 | $644,963 | $495,640 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Rahul Bhagat
eXp Realty of California Inc
(310) 753-7016
1 in this area
83 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23028066
APN: 7127-022-032
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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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