NOT LISTED FOR SALE

548 Nebraska Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,557,000 - $1,707,000

9 Beds
5 Baths
4,768 Sq Ft
$343/Sq Ft Est. Value

Sale Details

Date Sold: October 4, 2021

Last sale price $1,560,000 $327 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,628 / mo

36 Days on Market

Highlights

  • 0.17 Acre Lot
  • Accessible Parking
  • 4-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • Fenced

About This Home

As of October 2021

We 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

COLDWELL BANKER REALTY

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 in unit

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

7,428 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 3641.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Parcel Number: 7266017028
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 327.18

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7428.00
  • Lot Size Acres: 0.1705
  • Latitude Manual: 33.77360200

Multi Family

  • Average2 Bed Area: 1188 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Electric Expense: 905.00
  • Gross Income: 105108.00
  • Gross Multiplier: 15.22
  • Gross Operating Income: 101979.00
  • Gross Scheduled Income: 105108.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 70.00
  • Lot Size Area: 7428.0000 Square Feet
  • Net Operating Income: 66137.00
  • Number Of Separate Electric Meters: 5
  • Number Of Units Total: 4
  • Operating Expense: 35842.00
  • Rent Control: No
  • Total Expenses: 35842.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Area: 5500
  • Tax Census Tract: 5765.02
  • Tax Lot: 24
  • Tax Tract Number: FORTU

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
May 20, 2022
Sold by
Bought by
Current Estimated Value
$1,635,542

Purchase Details

Listed on
Jul 10, 2021
Closed on
Nov 1, 2021
Sold by
Bought by
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
1.00%
Original Mortgage
$945,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2003
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
$458,500
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
-- None Listed On Document
-- None Listed On Document
-- Bnt Title Company Of Ca
-- Commerce Title
-- Fidelity National Title
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
Previous Owner $945,000
Previous Owner $458,500
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
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

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 $22,149 $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

  • S

    Seller's Agent in 2021

    Sophie Shoemake

    Alden Pacific Investments, Inc.

  • J

    Seller Co-Listing Agent in 2021

    John Alden

    Alden Pacific Investments, Inc.

    Section Image

  • R

    Buyer's Agent in 2021

    REY CAMARENA

    COLDWELL BANKER REALTY

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21150101

California Regional Multiple Listing Service (CRMLS)

APN: 7266-017-028

California Los Angeles County Long Beach 90802 North Alamitos Beach

548 Nebraska Ave, 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.