NOT LISTED FOR SALE

614 Lime Ave Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,563,000 - $2,060,000

14 Beds
8 Baths
4,874 Sq Ft
$356/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $960,000 $197 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $10,623/month

93 Days on Market

Highlights

  • 0.09 Acre Lot
  • Corner Lot
  • No HOA
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2015

Large Fourplex, 4874 Sq. Ft. GREAT Income Earner! 2- Four Bed/Two and half Baths Townhome Style (Rent $1945 & $1725) and 2 - Three Beds/Two Baths single story (Rent $2700 & $1585) Tenants pay all utilities except for water & Sewage. Great Rental area close to Museum of Latin American Art, the Beach, Restaurants, East Village Arts area and Downtown. Actual addresses are 614-618 Lime & 701-705 6th Street.

Last Agent to Sell the Property

Rhett Stafford

Rhett Stafford, Broker License #01068465 Listed on: 01/14/2015

Last Buyer's Agent

Nick Hoffman

Western International License #00811392

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 4,056 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,874 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 7274019015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $2,400
  • Water Sewer Expense $2,400
  • Gross Income $6,955
  • Net Operating Income $56,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 7274019015
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 196.96

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4056.00
  • Price Per Lot Square Foot: 236.69
  • Lot Size Acres: 0.0930

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 6955.00
  • Gross Scheduled Income: 83460.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4056.0000 Square Feet
  • Net Operating Income: 56700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26760.00
  • Rent Control: No
  • Total Actual Rent: 6955.00

Tax Info

  • Taxes Percent: 1.25
  • Tax Lot: 18
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2019
Sold by
Chand Amar and Kaur Daljit
Bought by
Schrieber Brian and Schrieber Debra
Current Estimated Value
$1,736,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,276,453
Outstanding Balance
$1,109,382
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$627,101

Purchase Details

Closed on
Apr 18, 2015
Sold by
Khanzadeh Albert
Bought by
Chand Amar and Kaur Daljit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2011
Sold by
Steen Peter A and Spero Mary Ann
Bought by
Khanzadeh Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2004
Sold by
Maybin Carl and Maybin Bernardette
Bought by
Steen Peter A and Spero Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2001
Sold by
One Step Forward Inc
Bought by
Maybin Carl and Maybin Bernardette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,506
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2000
Sold by
Hud
Bought by
One Step Forward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.9%

Purchase Details

Closed on
Dec 13, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Dec 21, 1998
Sold by
Mendez Mario and Barrientos Aurora
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Sep 29, 1998
Sold by
Mendez Mario and Barrientos Aurora
Bought by
Gonzalez Jose

Purchase Details

Closed on
May 21, 1997
Sold by
Rodriguez Pedro
Bought by
Mendez Mario and Barrientos Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,588
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Rodriguez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,588
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1997
Sold by
Dauk Philip L
Bought by
Home Svgs Of America Fsb
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
Schrieber Brian $1,300,000 Lawyers Title Company
Chand Amar $960,000 Lawyers Title Company
Khanzadeh Albert $645,000 North American Title Company
Steen Peter A $875,000 Commonwealth Land Title Co
Maybin Carl $392,000 North American Title Co
One Step Forward $171,500 United Title Company
Hud -- Landsafe Title
Countrywide Home Loans Inc $282,143 Landsafe Title
Gonzalez Jose -- --
Mendez Mario $269,000 Southland Title Corporation
Rodriguez Pedro -- Investors Title Company
Home Svgs Of America Fsb $140,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrieber Brian $1,276,453
Previous Owner Chand Amar $720,000
Previous Owner Khanzadeh Albert $483,750
Previous Owner Steen Peter A $700,000
Previous Owner Maybin Carl $385,506
Previous Owner One Step Forward $214,000
Previous Owner Mendez Mario $267,588
Previous Owner Rodriguez Pedro $122,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2015 06/29/15 Sold $960,000 -9.4% $197 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $1,060,000 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,511 $1,450,171 $942,611 $507,560
2024 $18,511 $1,421,737 $924,129 $497,608
2023 $18,200 $1,393,860 $906,009 $487,851
2022 $17,083 $1,366,531 $888,245 $478,286
2021 $16,732 $1,339,737 $870,829 $468,908
2019 $13,360 $1,034,497 $721,850 $312,647
2018 $12,992 $1,014,218 $707,697 $306,521
2016 $11,932 $974,639 $680,217 $294,422
2015 $8,391 $687,571 $479,701 $207,870
2014 $8,344 $674,104 $470,305 $203,799
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rhett Stafford

    Rhett Stafford, Broker

    Section Image
  • Nick Hoffman

    Buyer's Agent in 2015

    Nick Hoffman

    Western International

    (714) 741-8020

    9 Total Sales

    Nick Hoffman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15009376

California Regional Multiple Listing Service (CRMLS)

APN: 7274-019-015

California Los Angeles County Long Beach 90802 East Village

614 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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