NOT LISTED FOR SALE

618 Linden Ave Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $990,000 - $1,356,000

6 Beds
4 Baths
2,200 Sq Ft
$535/Sq Ft Est. Value

Last Sold August 06, 2019

Last sale price $862,000 $392 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,181/month

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 4-minute walk to 5Th Street Station
  • Lawn
  • Long Beach Polytechnic High School Rated A
  • Dual Staircase
  • No HOA

About This Home

As of August 2019

This property was completely rehabbed and remodeled in 2011 and comes with four parking spaces. New electrical, new copper plumbing, new drains, waste and sewage lines up to City main sewer line. New water and wall heaters, new windows, new laminate and ceramic tile flooring. Baths remodeled with new tubs, sinks, vanities, ceramic floors and ceramic tiled tub walls. Kitchens remodel with new sinks with disposals, new cabinets and new ceramic floors. Also foundation was brought to code and bolted. A new flat roof installed in 2013. Property located in a rapidly gentrifying area where many apartments buildings are being rehabbed and improved. Property location is blocks from beach, Long Beach Performance /Convention Center and Long Beach Entertainment District and reastaurants. Property also just miles from Belmont Shore and entertainment. This property has been well maintained and managed. Perfect for first time investor who seeks a maintenance and trouble free investment. Current management company willing to stay on and manage building.

Last Agent to Sell the Property

Lou Meza

Archuleta Realty License #00983625 Listed on: 05/23/2019

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 1,252 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Crown Molding
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 17
  • Tax Tract Number 5762
  • Assessor Parcel Number 7274018013

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Alamitos Beach Subdivision

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $190
  • Gardener Expense $600
  • Insurance Expense $1,020
  • Pest Control $576
  • Professional Management Expense $3,000
  • Water Sewer Expense $374
  • New Taxes Expense $8,256
  • Operating Expense $14,267
  • Gross Income $56,460
  • Net Operating Income $41,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.91
  • Professional Management Expense: 3000.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 374.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7274018013
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Laminate Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 391.82
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop, Range Hood, Recirculated Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Pest Control Expense: 576.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 1252.00
  • Lot Size Acres: 0.0287

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 650 Square Feet
  • Electric Expense: 190.00
  • Gross Income: 56460.00
  • Gross Multiplier: 15.21
  • Gross Scheduled Income: 56460.00
  • Insurance Expense: 1020.00
  • Lot Size Area: 1252.0000 Square Feet
  • Net Operating Income: 41100.00
  • 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
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 14267.00
  • Rent Control: No
  • Total Actual Rent: 56460.00
  • Total Expenses: 14267.00

Tax Info

  • New Taxes Expense: 8256.00
  • Tax Lot: 17
  • Tax Tract Number: 5762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Aug 1, 2019
Sold by
Najah Shireen
Bought by
Najah Jamshid J
Seller's Agent
Lou Meza
Archuleta Realty
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$859,000
Sold Price
$862,000
Premium/Discount to List
$3,000
0.35%
Current Estimated Value
$1,177,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,628
Avg. Annual Appreciation
5.00%
Original Mortgage
$646,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2019
Closed on
Jun 12, 2019
Sold by
Ciancola Anthony
Bought by
Najah Jamshid J
Seller's Agent
Lou Meza
Archuleta Realty
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$859,000
Sold Price
$862,000
Premium/Discount to List
$3,000
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2012
Sold by
Ciancola Anthony
Bought by
Ciancola Anthony

Purchase Details

Closed on
Mar 2, 2010
Sold by
Molina Beatriz and Molina Felipe
Bought by
Ciancola Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2006
Sold by
Akhtarzadeh Nadia and Majedi Seyed Mohamad
Bought by
Molina Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
9.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2005
Sold by
Ghazi Masheed and Akhtarzadeh Nadia
Bought by
Akhtarzadeh Nadia and Majedi Seyed Mohamad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,800
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2005
Sold by
Ghazi Nosratollah
Bought by
Ghazi Masheed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,800
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2004
Sold by
Hajati Rahil
Bought by
Ghazi Masheed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,800
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2004
Sold by
Nahas Adrienne
Bought by
Nahas George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2004
Sold by
Overett Paul and Nahas George
Bought by
Hajati Rahil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2003
Sold by
Solare Corp
Bought by
Overett Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2003
Sold by
Lofton Kenneth
Bought by
Dandan Wissam K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
5.82%

Purchase Details

Closed on
Apr 20, 2001
Sold by
Evans Darryl
Bought by
Lofton Kenneth

Purchase Details

Closed on
Apr 28, 2000
Sold by
Jones Damon
Bought by
Evans Darryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
8.24%

Purchase Details

Closed on
Apr 3, 2000
Sold by
Trust Pettie Ronald C Tr R And D Pettie
Bought by
Jones Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Najah Jamshid J -- Orange Coast Title Company
Najah Jamshid J $862,000 Orange Coast Title Company
Ciancola Anthony -- Accommodation
Ciancola Anthony $260,000 First American Title
Molina Felipe $650,000 Financial Title Company
Akhtarzadeh Nadia -- --
Ghazi Masheed -- First Southwestern Title
Ghazi Masheed $506,000 First Southwestern Title
Nahas George -- Ticor Title Co
Overett Paul -- Ticor Title Co
Hajati Rahil $440,000 Ticor Title Co
Overett Paul $352,000 Ticor Title Co Glendale
Solare Corp -- Ticor Title Co Glendale
Dandan Wissam K $222,000 First American Title Co
Lofton Kenneth -- --
Evans Darryl -- --
Jones Damon $126,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Najah Jamshid J $646,500
Previous Owner Ciancola Anthony $140,000
Previous Owner Molina Felipe $617,500
Previous Owner Ghazi Masheed $404,800
Previous Owner Hajati Rahil $352,000
Previous Owner Dandan Wissam K $206,500
Previous Owner Jones Damon $143,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2019 08/06/19 Sold $862,000 +0.3% $392 / Sq Ft
05/23/2019 05/23/19 For Sale $859,000 -- $390 / 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 $12,126 $942,719 $612,440 $330,279
2024 $12,126 $924,235 $600,432 $323,803
2023 $11,916 $906,113 $588,659 $317,454
2022 $11,182 $888,347 $577,117 $311,230
2021 $10,956 $870,929 $565,801 $305,128
2019 $4,187 $298,606 $206,729 $91,877
2018 $4,083 $292,752 $202,676 $90,076
2016 $3,761 $281,385 $194,806 $86,579
2015 $3,618 $277,159 $191,880 $85,279
2014 $3,611 $271,731 $188,122 $83,609
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lou Meza

    Archuleta Realty

    (562) 900-4009

    6 Total Sales

    Lou Meza
    Section Image
  • Cody Charnell

    Buyer's Agent in 2019

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    3 in this area

    47 Total Sales

    Cody Charnell
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19123098

California Regional Multiple Listing Service (CRMLS)

APN: 7274-018-013

California Los Angeles County Long Beach 90802 East Village

618 Linden Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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

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