NOT LISTED FOR SALE

537 E 3rd St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $766,494 - $998,000

2 Beds
1 Bath
1,176 Sq Ft
$776/Sq Ft Est. Value

Last Sold October 24, 2018

Last sale price $640,000 $544 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,570/month

Highlights

  • 3,644 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of October 2018

Duplex, patio space, and five parking garages

Last Agent to Sell the Property

Tom Schick

Realty Source, Inc License #01457767 Listed on: 10/16/2018

Last Buyer's Agent

Tom Schick

Realty Source, Inc License #01457767 Listed on: 10/16/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 3,644 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,176 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 76
  • Assessor Parcel Number 7281011027

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Operating Expense $1,200
  • Gross Income $1,000
  • Net Operating Income $31,600

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

3,644 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7281011027
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 544.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3644.00

Multi Family

  • Gross Income: 1000.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 31600.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Expenses: 1200.00

Tax Info

  • Tax Census Tract: 5762.00
  • Tax Lot: 26
  • Tax Tract Number: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Sep 24, 2018
Sold by
Brandino Partanen Amanda Marie
Bought by
Partanen Allan E
Seller's Agent
Tom Schick
Realty Source, Inc
Buyer's Agent
Tom Schick
Realty Source, Inc
List Price
$640,000
Sold Price
$640,000
Current Estimated Value
$912,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,124
Avg. Annual Appreciation
4.89%
Original Mortgage
$544,000
Outstanding Balance
$474,443
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$437,681

Purchase Details

Closed on
Jul 31, 2018
Sold by
Desatoff Paul John and Desatoff Cynthia Lynn
Bought by
Partanen Allan E and Gustafson Jayne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$474,443
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$437,681

Purchase Details

Closed on
Apr 19, 2012
Sold by
Desatoff Paul J and Desatoff Cynthia
Bought by
Desatoff Paul John and Desatoff Cynthia Lynn

Purchase Details

Closed on
Sep 21, 2007
Sold by
Schnyder Lindsay and Estate Of Kurt Gregory Schnyde
Bought by
Desatoff Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1995
Sold by
Milne Lawrence Paul
Bought by
Schnyder Kurt Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.67%
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
Partanen Allan E -- Lawyers Title
Partanen Allan E $640,000 Lawyers Title
Desatoff Paul John -- None Available
Desatoff Paul J $365,000 North American Title Company
Schnyder Kurt Gregory $59,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Partanen Allan E $544,000
Previous Owner Desatoff Paul J $255,500
Previous Owner Schnyder Kurt Gregory $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2018 10/24/18 Sold $640,000 0.0% $544 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $640,000 -- $544 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,269 $713,927 $501,981 $211,946
2024 $9,269 $699,930 $492,139 $207,791
2023 $9,108 $686,207 $482,490 $203,717
2022 $8,551 $672,753 $473,030 $199,723
2021 $8,360 $659,562 $463,755 $195,807
2019 $8,236 $640,000 $450,000 $190,000
2018 $2,115 $139,989 $70,451 $69,538
2016 $1,948 $134,555 $67,716 $66,839
2015 $1,877 $132,535 $66,699 $65,836
2014 $1,872 $129,940 $65,393 $64,547
Source: Public Records

Agents Affiliated with this Home

  • Tom Schick

    Seller's Agent in 2018

    Tom Schick

    Realty Source, Inc

    (562) 714-7589

    26 Total Sales

    Tom Schick
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18251622

California Regional Multiple Listing Service (CRMLS)

APN: 7281-011-027

California Los Angeles County Long Beach 90802 East Village

537 E 3rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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