S
Seller's Agent in 2021
Sophie Shoemake
Alden Pacific Investments, Inc.
548 Nebraska Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated Value: $861,000 - $1,990,000
9
Beds
5
Baths
4,768
Sq Ft
$319/Sq Ft
Est. Value
Highlights
- 0.17 Acre Lot
- Laundry Room
- Fenced
- Long Beach Polytechnic High School Rated A
- Accessible Parking
- 4-minute walk to Miracle On Fourth Street Park
About This Home
As of October 2021We are pleased to present this 4-unit in North Alamitos Beach, blocks from Long Beach’s Retro Row! Priced at a 4.1% CAP rate at $1,600,000 this property boasts an impressive mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Settled on a 7,428 sqft lot, there is a detached 5 spot parking garage for additional income or potential to add an ADU with room still available for surface parking. There is also a laundry room for additional income. Pride in ownership is shown with multiple capital improvements completed - including roof, termite repair and paint. This building is all electric and has low operating expenditures for the new owner. Don’t miss out on this amazing investment opportunity!
Last Agent to Sell the Property
Sophie Shoemake
Alden Pacific Investments, Inc. License #02143044 Listed on: 07/10/2021
Co-Listed By
John Alden
Alden Pacific Investments, Inc. License #02114291
Last Buyer's Agent
REY CAMARENA
COLDWELL BANKER REALTY License #01381354
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1967
Lot Details
- 7,428 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in good condition
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Home Design
- Property Attached
- Common Roof
Interior Spaces
- 4,768 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Additional Features
- Accessible Parking
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 7266017028
Community Details
Overview
- 4 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- Electric Expense $905
- Insurance Expense $1,600
- Water Sewer Expense $3,641
- Operating Expense $35,842
- Gross Income $105,108
- Net Operating Income $66,137
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 20, 2022
Sold by
Tancor Investment Llc
Bought by
Tangen Holdings Llc
Current Estimated Value
Purchase Details
Listed on
Jul 10, 2021
Closed on
Nov 1, 2021
Sold by
Tancor Investment Llc
Bought by
Tan Willie T
Seller's Agent
Sophie Shoemake
Alden Pacific Investments, Inc.
Buyer's Agent
REY CAMARENA
COLDWELL BANKER REALTY
List Price
$1,600,000
Sold Price
$1,560,000
Premium/Discount to List
-$40,000
-2.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%
Original Mortgage
$945,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2003
Sold by
Ancheta Jose L and Ancheta Makhan L
Bought by
Ancheta Jose Lim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 13, 2000
Sold by
Rosenberg Barbara
Bought by
Ancheta Jose L
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 |
|---|---|---|---|
| Tangen Holdings Llc | -- | None Listed On Document | |
| Tancor Investment Llc | -- | None Listed On Document | |
| Tan Willie T | -- | Bnt Title Company Of Ca | |
| Ancheta Jose Lim | -- | Commerce Title | |
| Ancheta Jose L | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tan Willie T | $945,000 | |
| Previous Owner | Ancheta Jose Lim | $458,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/04/2021 10/04/21 | Sold | $1,560,000 | -2.5% | $327 / Sq Ft |
| 08/15/2021 08/15/21 | Pending | -- | -- | -- |
| 07/10/2021 07/10/21 | For Sale | $1,600,000 | -- | $336 / 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 | $21,195 | $1,655,484 | $1,077,126 | $578,358 |
| 2024 | $21,195 | $1,623,024 | $1,056,006 | $567,018 |
| 2023 | $20,844 | $1,591,200 | $1,035,300 | $555,900 |
| 2022 | $19,568 | $1,560,000 | $1,015,000 | $545,000 |
| 2021 | $5,263 | $361,230 | $90,476 | $270,754 |
| 2019 | $5,189 | $350,518 | $87,794 | $262,724 |
| 2018 | $4,920 | $343,646 | $86,073 | $257,573 |
| 2016 | $4,505 | $330,304 | $82,732 | $247,572 |
| 2015 | $4,339 | $325,344 | $81,490 | $243,854 |
| 2014 | $4,330 | $318,972 | $79,894 | $239,078 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2021
John Alden
Alden Pacific Investments, Inc.
-
R
Buyer's Agent in 2021
REY CAMARENA
COLDWELL BANKER REALTY
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21150101
APN: 7266-017-028
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.
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
Nearby Homes
- 1626 E 6th St
- 1237 E 6th St Unit 110
- 1237 E 6th St Unit 106
- 1506 E 4th St Unit 206
- 550 Orange Ave Unit 216
- 1260 E 4th St Unit 6
- 350 Tile Ave
- 408 Orange Ave
- 744 Walnut Ave
- 1350 E 8th St
- 1719 E Florida St
- 1738 E 4th St Unit 1
- 1919 E Beverly Way
- 736 Rose Ave
- 1438 E 9th St Unit 2
- 1724 E 8th St
- 1187 E 3rd St Unit 209
- 1187 E 3rd St
- 1187 E 3rd St Unit 215
- 1060 E 6th St
- 556 Nebraska Ave
- 538 Nebraska Ave
- 532 Nebraska Ave
- 564 Nebraska Ave
- 524 Nebraska Ave Unit 304
- 524 Nebraska Ave Unit 303
- 524 Nebraska Ave Unit 302
- 524 Nebraska Ave Unit 301
- 524 Nebraska Ave Unit 203
- 524 Nebraska Ave Unit 202
- 524 Nebraska Ave Unit 201
- 524 Nebraska Ave Unit 101
- 572 Nebraska Ave Unit 4
- 572 Nebraska Ave Unit 3
- 572 Nebraska Ave
- 572 Nebraska Ave Unit 1
- 557 Nebraska Ave
- 557 Nebraska Ave Unit 4
- 557 Nebraska Ave Unit 3
- 557 Nebraska Ave Unit 2