NOT LISTED FOR SALE

573 Nebraska Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,396,596 - $1,807,000

9 Beds
5 Baths
4,800 Sq Ft
$315/Sq Ft Est. Value

Last Sold November 07, 2025

Last sale price $1,392,000 $290 Per Sq Ft

About This Home

Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2025
Closed on
Oct 21, 2025
Sold by
Fig Thomas 573 Llc
Bought by
Cordero Nicholas and Katigbak Sabrina
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Nicholas Cordero
Sage Real Estate Group, Inc.
List Price
$1,395,000
Sold Price
$1,392,000
Premium/Discount to List
-$3,000
-0.22%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.35%
Original Mortgage
$1,322,400
Outstanding Balance
$1,322,400
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$191,249

Purchase Details

Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Fig Thomas 573 Llc

Purchase Details

Listed on
Jun 3, 2016
Closed on
Oct 7, 2016
Sold by
Choy Marianne
Bought by
Adams Joerg Michael
Seller's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,095,000
Sold Price
$1,000,000
Premium/Discount to List
-$95,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Original Mortgage
$650,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 3, 2016
Closed on
Sep 15, 2016
Sold by
Amin Puja B
Bought by
Adams Joerg Michael
Seller's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,095,000
Sold Price
$1,000,000
Premium/Discount to List
-$95,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 12, 2001
Sold by
Shook Nancy N and Nancy N Shook 1989 Trust
Bought by
Choy Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.02%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cordero Nicholas $1,392,000 Commonwealth Land Title Compan
Fig Thomas 573 Llc -- None Listed On Document
Adams Joerg Michael $1,000,000 Progressive Title Company
Adams Joerg Michael -- Progressive Title Company
Choy Marianne $390,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordero Nicholas $1,322,400
Previous Owner Adams Joerg Michael $650,000
Previous Owner Choy Marianne $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 Sold $1,392,000 -0.2% $290 / Sq Ft View Prior Sale
10/03/2025 10/03/25 For Sale $1,395,000 +39.5% $291 / Sq Ft
10/14/2016 10/14/16 Sold $1,000,000 -8.7% $208 / Sq Ft View Prior Sale
09/30/2016 09/30/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $1,095,000 -- $228 / Sq Ft

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 $15,172 $1,160,580 $812,407 $348,173
2024 $15,172 $1,137,825 $796,478 $341,347
2023 $14,920 $1,115,515 $780,861 $334,654
2022 $14,017 $1,093,643 $765,550 $328,093
2021 $13,725 $1,072,200 $750,540 $321,660
2019 $13,531 $1,040,400 $728,280 $312,120
2018 $13,087 $1,020,000 $714,000 $306,000
2016 $6,315 $486,682 $127,283 $359,399
2015 $6,073 $479,373 $125,372 $354,001
2014 $6,049 $469,984 $122,917 $347,067
Source: Public Records

Agents Affiliated with this Home

  • Anthony Walker

    Seller's Agent in 2025

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    9 in this area

    90 Total Sales

    Anthony Walker
    Section Image
  • Josh Ess

    Seller Co-Listing Agent in 2025

    Josh Ess

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    39 Total Sales

    Josh Ess
    Section Image

  • N

    Buyer's Agent in 2025

    Nicholas Cordero

    Sage Real Estate Group, Inc.

    (626) 678-3546

    1 in this area

    2 Total Sales

    Nicholas Cordero
    Section Image
  • Marty Stone

    Seller's Agent in 2016

    Marty Stone

    BUCKINGHAM INVESTMENTS

    (310) 322-9763

    1 in this area

    7 Total Sales

    Marty Stone
    Section Image
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Map

California Los Angeles County Long Beach 90802 North Alamitos Beach

573 Nebraska Ave, Long Beach, CA

Not Listed for Sale

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