NOT LISTED FOR SALE

640 Lime Ave Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $757,150 - $877,000

4 Beds
2 Baths
1,680 Sq Ft
$490/Sq Ft Est. Value

Sale Details

Date Sold: August 3, 2015

Last sale price $445,000 $265 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,033 / mo

109 Days on Market

Highlights

  • 0.06 Acre Lot
  • Traditional Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Living Room

About This Home

As of August 2015

Check out this excellent opportunity to own great income property! Either live in one and rent out the other or rent out both. This is an easy-to-rent building and area with separate meters for tenant billing. Each unit has 2 bedrooms and 1 bathroom. There are 4 open air parking spaces, a washer and dryer in a designated building and a charming patio for the downstairs unit. Commuter friendly location, close to public transportation, Pine Ave., prestigious downtown Long Beach, parks, freeways, and a mile and half to the beach!

Last Agent to Sell the Property

Eileen Rivera

GE Dean and Associates License #01208517 Listed on: 01/22/2015

Last Buyer's Agent

Joselito Tejada

Vylla Home, Inc. License #01399025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 2,491 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Chain Link Fence

Home Design

  • Traditional Architecture
  • Property Attached
  • Wood Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • Living Room
  • Neighborhood Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 6-8
  • Tax Tract Number 50
  • Assessor Parcel Number 7274019007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $2,400
  • Electric Expense $800
  • Insurance Expense $1,200
  • Trash Expense $360
  • Water Sewer Expense $720
  • New Taxes Expense $6,488
  • Gross Income $2,125
  • Net Operating Income $17,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

2,491 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7274019007
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 264.88
  • Room Type: Living Room

Exterior Features

  • View: Neighborhood
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Wood
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2491.00
  • Price Per Lot Square Foot: 178.64
  • Lot Size Acres: 0.0570

Multi Family

  • Cable TV Expense: 2400.00
  • Electric Expense: 800.00
  • Gross Income: 2125.00
  • Gross Scheduled Income: 25500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2491.0000 Square Feet
  • Net Operating Income: 17100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3840.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6488.00
  • Tax Lot: 6-8
  • Tax Tract Number: 50
  • Tax Year: 2014

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
Dec 28, 2018
Sold by
Bought by
Current Estimated Value
$822,788

Purchase Details

Listed on
Jan 22, 2015
Closed on
Jul 8, 2015
Sold by
Bought by
Seller's Agent
Eileen Rivera
GE Dean and Associates
Buyer's Agent
Joselito Tejada
Vylla Home, Inc.
List Price
$469,000
Sold Price
$445,000
Premium/Discount to List
-$24,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$378,250
Outstanding Balance
$296,168
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$526,620

Purchase Details

Closed on
Jul 22, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 2007
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
$343,500
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2004
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
$99,999
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2002
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
$200,000
Interest Rate
6.12%

Purchase Details

Closed on
Jun 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2001
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
$176,234
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 22, 2000
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
$142,901
Interest Rate
7.71%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 1999
Sold by
Bought by

Purchase Details

Closed on
May 12, 1997
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
$171,543
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1997
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
$65,000
Interest Rate
7.63%
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

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 Available
$445,000 Chicago Title Company
-- None Available
-- Fidelity National Title Co
-- Fidelity National Title Co
-- --
-- --
-- --
$250,000 Gateway Title Company
$10,000 Gateway Title Company
$179,000 United Title Company
$120,500 United Title Company
$183,026 Fidelity National Title Ins
$183,026 Fidelity National Title Ins
$176,000 --
$78,000 Provident Title
-- Provident 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
Open $378,250
Previous Owner $343,500
Previous Owner $99,999
Previous Owner $200,000
Previous Owner $176,234
Previous Owner $142,901
Previous Owner $171,543
Previous Owner $65,000
Closed $49,950
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
08/03/2015 08/03/15 Sold $445,000 +36983.3% $265 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
02/26/2015 02/26/15 Rented $1,200 0.0% --
02/26/2015 02/26/15 For Rent $1,200 0.0% --
01/22/2015 01/22/15 For Sale $469,000 -- $279 / 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 $7,069 $526,783 $366,974 $159,809
2024 $6,760 $516,455 $359,779 $156,676
2023 $6,644 $506,329 $352,725 $153,604
2022 $6,238 $496,402 $345,809 $150,593
2021 $6,108 $486,670 $339,029 $147,641
2020 $6,091 $481,681 $335,553 $146,128
2019 $6,019 $472,237 $328,974 $143,263
2018 $5,835 $462,978 $322,524 $140,454
2016 $5,362 $445,000 $310,000 $135,000
2015 $3,684 $301,263 $120,504 $180,759
2014 -- $295,363 $118,144 $177,219
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Eileen Rivera

    GE Dean and Associates

    Section Image

  • J

    Buyer's Agent in 2015

    Joselito Tejada

    Vylla Home, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15015864

California Regional Multiple Listing Service (CRMLS)

APN: 7274-019-007

California Los Angeles County Long Beach 90802 East Village

640 Lime Ave, Long Beach, CA

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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

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