NOT LISTED FOR SALE

Estimated Value: $5,112,000 - $5,950,549

8 Beds
5 Baths
5,213 Sq Ft
$1,049/Sq Ft Est. Value

Last Sold November 20, 2015

Last sale price $3,750,000 $719 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $32,824/month

97 Days on Market

Highlights

  • Marina
  • Ocean View
  • Property Fronts a Bay or Harbor
  • Naples Bayside Academy Rated A
  • Beach Access
  • 0.13 Acre Lot

About This Home

As of November 2015

Own one of the premier properties on the Long Beach Peninsula! On the sand with all encompassing views of Alamitos Bay, looking out over Naples Island and the Alamitos Bay Landing, all with a gorgeous mountain backdrop! The main house has 2 levels with floor to ceiling windows and sliders to maximize the view from the lot's 50 feet of bay side frontage. The floor plan sets up like two separate units. Each level has 3 bedrooms, 2 baths, a kitchen and fireplace, with the upstairs boasting a 400 sq ft (approx) deck overlooking the sand and reflections off the bay! Located above the 3 garages are two spacious 2 bedroom, 1 bath units with view balconies and each with a 2 car garage. Adjacent is a massive double tandem garage with space for 4 vehicles plus storage! Its a short block stroll to the ocean and beach, and a quick walk to the Alamitos Bay Yacht Club and Alamitos Park. Endless possibilities for this unique income property as the property extends the entire block from Ocean Blvd to the bay front. Or create your own piece of paradise and design the ultimate single family beach home (Owner can provide existing architectural plans on request)!

Last Agent to Sell the Property

Marna Brennan

Marna Brennan, Broker License #01262182 Listed on: 07/08/2015

Co-Listed By

Wayne Ishimine

Y Realty License #01192074

Last Buyer's Agent

Steve Heavrin

Beach City Brokers License #00907535

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 5,695 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • Block Wall Fence

Parking

  • 8 Car Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Ocean
  • Marina
  • Bay
  • Mountain

Home Design

  • Modern Architecture
  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 5,213 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Gas Water Heater

Additional Features

  • Beach Access
  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5775
  • Assessor Parcel Number 7245028022

Community Details

Overview

  • 3 Units

Recreation

  • Marina

Building Details

  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $3,000
  • Trash Expense $500
  • Water Sewer Expense $2,000
  • New Taxes Expense $49,375
  • Gross Income $10,900
  • Net Operating Income $74,625

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 1.90
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7245028022
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 719.36
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Bay, Marina, Mountain(s), Ocean
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Oversized, Garage - Two Door
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Washer Hookup
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 5695.00
  • Price Per Lot Square Foot: 658.47
  • Lot Size Acres: 0.1310

Multi Family

  • Gross Income: 10900.00
  • Gross Multiplier: 30.00
  • Gross Scheduled Income: 130800.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5695.0000 Square Feet
  • Net Operating Income: 74625.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 56175.00
  • Rent Control: No
  • Waterfront Features: Bay Front, Beach Access, Marina in Community

Tax Info

  • New Taxes Expense: 49375.00
  • Tax Lot: 6
  • Tax Tract Number: 5775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2015
Closed on
Oct 16, 2015
Sold by
Doty Stephen L
Bought by
Bryson Richard W and Richard W Bryson Trust
Seller's Agent
Marna Brennan
Marna Brennan, Broker
Buyer's Agent
Steve Heavrin
Beach City Brokers
List Price
$3,950,000
Sold Price
$3,750,000
Premium/Discount to List
-$200,000
-5.06%
Current Estimated Value
$5,470,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,720,850
Avg. Annual Appreciation
3.78%
Original Mortgage
$3,100,000
Outstanding Balance
$2,419,781
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,051,069

Purchase Details

Listed on
Apr 27, 2012
Closed on
Dec 10, 2012
Sold by
Kullenberg Mary C and The Barbara W Eddy Family Trus
Bought by
Doty Stephen L and Doty Lori R Cruz
Seller's Agent
Keith Muirhead
Vista Sotheby's Int'l Realty
Buyer's Agent
Keith Muirhead
Vista Sotheby's Int'l Realty
List Price
$4,900,000
Sold Price
$3,800,000
Premium/Discount to List
-$1,100,000
-22.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.46%

Purchase Details

Closed on
Apr 17, 2012
Sold by
Gehan Glenn Michael and Gehan Margaret Shelton
Bought by
Gehan Margaret Blaisdell Shelton and Mary Curtiss Welch Shelton Revocable Tru

Purchase Details

Closed on
Feb 23, 2012
Sold by
Gehan Margaret Blaisdell Shelton and Gehan Glenn Michael
Bought by
Gehan Glenn Michael and Gehan Margaret Shelton

Purchase Details

Closed on
Nov 16, 2007
Sold by
Eddy Barbara Welch
Bought by
Eddy Barbara W and Barbara W Eddy Family Trust

Purchase Details

Closed on
Dec 12, 2001
Sold by
Shelton Mary C
Bought by
Shelton Mary C and Mary Curtiss Welch Shelton Revocable Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bryson Richard W $3,750,000 First American Title Company
Doty Stephen L $3,800,000 Fnt
Gehan Margaret Blaisdell Shelton -- None Available
Gehan Glenn Michael -- None Available
Gehan Margaret Blaisdell Shelton -- None Available
Eddy Barbara W -- None Available
Shelton Mary C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bryson Richard W $3,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2015 11/20/15 Sold $3,750,000 -5.1% $719 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $3,950,000 +3.9% $758 / Sq Ft
12/27/2012 12/27/12 Sold $3,800,000 -22.4% $729 / Sq Ft View Prior Sale
12/18/2012 12/18/12 Pending -- -- --
04/27/2012 04/27/12 For Sale $4,900,000 -- $940 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $52,295 $4,219,634 $2,367,592 $1,852,042
2024 $52,295 $4,136,897 $2,321,169 $1,815,728
2023 $51,438 $4,055,782 $2,275,656 $1,780,126
2022 $48,232 $3,976,258 $2,231,036 $1,745,222
2021 $47,318 $3,898,293 $2,187,291 $1,711,002
2019 $46,642 $3,783,669 $2,122,416 $1,661,253
2018 $36,538 $2,971,264 $2,080,800 $890,464
2016 $43,950 $3,750,000 $2,750,000 $1,000,000
2015 $44,387 $3,893,520 $3,022,601 $870,919
2014 $44,009 $3,817,252 $2,963,393 $853,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15149263

California Regional Multiple Listing Service (CRMLS)

APN: 7245-028-022