725 E Artesia Blvd Long Beach, CA 90805
Hamilton Neighborhood
6
Beds
4
Baths
5,522
Sq Ft
5,853
Sq Ft Lot
About This Home
As of December 2024725 E Artesia is a mixed use property in North Long Beach. Highlighted by 5 Apartment units and 1 Commercial space, this building is operating at an 8.27% Cap rate and $226/SF. The unit mix is comprised of (2) 3 Bed/1 Bath, (1) 2 Bed/1 Bath, (2) 1 Bed/1 Bath and (1) Commercial Space. The property was built in 1960 and is in a rapidly growing Long Beach Market
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 10/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,556
Year Built
- Built in 1960
Lot Details
- 5,853 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 5,522 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 6 / 1
- Tax Tract Number 7549
- Assessor Parcel Number 7115004003
- $2,049 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
- North Long Beach Subdivision
Recreation
- Bike Trail
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $44,754
- Gross Income $152,700
- Net Operating Income $103,365
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2024
Closed on
Nov 21, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Dutt Parmodh and Dutt Reshma Devi
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Melvin Ortiz
Realty Masters & Associates
List Price
$1,250,000
Sold Price
$1,250,000
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,475
Avg. Annual Appreciation
2.06%
Original Mortgage
$937,500
Outstanding Balance
$930,965
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$336,510
Purchase Details
Listed on
Jan 29, 2018
Closed on
Aug 15, 2018
Sold by
Svpp Properties Llc
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
TIM STEUERNOL
NAI CAPITAL, INC.
Buyer's Agent
TIM STEUERNOL
NAI CAPITAL, INC.
List Price
$825,000
Sold Price
$770,000
Premium/Discount to List
-$55,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$577,500
Interest Rate
4.5%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 11, 2017
Sold by
Thai Duong Phuong
Bought by
Svpp Properties Llc
Purchase Details
Closed on
May 1, 2007
Sold by
Duong Hoa P
Bought by
Duong Phuong Thai
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 7, 2007
Sold by
Ha Truc Ly Thi and The Happylife Living Trust
Bought by
Duong Phuong Thai
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 15, 2005
Sold by
Thi Trucly
Bought by
Ha Truc Ly Thi and Happylife Living Trust
Purchase Details
Closed on
May 20, 2003
Sold by
Hud
Bought by
Ha Trucly Thi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.15%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 2002
Sold by
Washington Mutual Home Loans Inc
Bought by
Hud
Purchase Details
Closed on
Dec 4, 2001
Sold by
Dominguez Ruben and Dominguez Yolanda
Bought by
Washington Mutual Home Loans Inc
Purchase Details
Closed on
Aug 10, 1999
Sold by
J Lopez Inc
Bought by
Dominguez Ruben and Dominguez Yolanda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,904
Interest Rate
7.63%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 1, 1995
Sold by
Green Robert K and Green Maria T
Bought by
Green Family Partnership
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,250,000 | Provident Title | |
| Grant Deed | $1,250,000 | Provident Title | |
| Grant Deed | $770,000 | Ticor Title | |
| Grant Deed | $710,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $645,000 | Fidelity National Title Co | |
| Grant Deed | -- | -- | |
| Grant Deed | $359,500 | -- | |
| Grant Deed | $341,986 | First American Title Co | |
| Trustee Deed | $341,986 | First American Title Ins Co | |
| Corporate Deed | $317,500 | First Southwestern Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $937,500 | New Conventional | |
| Closed | $937,500 | New Conventional | |
| Previous Owner | $702,000 | Commercial | |
| Previous Owner | $1,158,000 | Commercial | |
| Previous Owner | $577,500 | Construction | |
| Previous Owner | $710,000 | Commercial | |
| Previous Owner | $64,500 | Credit Line Revolving | |
| Previous Owner | $516,000 | Commercial | |
| Previous Owner | $78,780 | Commercial | |
| Previous Owner | $0 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $314,904 | FHA | |
| Previous Owner | $125,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/24/2024 12/24/24 | Sold | $1,250,000 | 0.0% | $226 / Sq Ft |
| 10/24/2024 10/24/24 | For Sale | $1,250,000 | +62.3% | $226 / Sq Ft |
| 10/02/2018 10/02/18 | Sold | $770,000 | -6.7% | $139 / Sq Ft |
| 07/16/2018 07/16/18 | Pending | -- | -- | -- |
| 07/03/2018 07/03/18 | For Sale | $825,000 | 0.0% | $149 / Sq Ft |
| 06/01/2018 06/01/18 | Pending | -- | -- | -- |
| 05/22/2018 05/22/18 | Price Changed | $825,000 | -8.3% | $149 / Sq Ft |
| 04/03/2018 04/03/18 | Price Changed | $900,000 | -5.3% | $163 / Sq Ft |
| 01/29/2018 01/29/18 | For Sale | $950,000 | -- | $172 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,556 | $1,250,000 | $700,000 | $550,000 |
| 2024 | $12,556 | $842,105 | $514,012 | $328,093 |
| 2023 | $12,321 | $825,594 | $503,934 | $321,660 |
| 2022 | $11,819 | $809,406 | $494,053 | $315,353 |
| 2021 | $11,553 | $793,536 | $484,366 | $309,170 |
| 2019 | $11,373 | $770,000 | $470,000 | $300,000 |
| 2018 | $10,473 | $710,000 | $410,000 | $300,000 |
| 2017 | $12,243 | $856,100 | $441,300 | $414,800 |
| 2016 | $11,610 | $856,100 | $441,300 | $414,800 |
| 2015 | $11,326 | $856,100 | $441,300 | $414,800 |
| 2014 | $11,902 | $856,100 | $441,300 | $414,800 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Jacobson
Seller's Agent in 2024
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
1 in this area
34 Total Sales
-
Melvin Ortiz
M
Buyer's Agent in 2024
Melvin Ortiz
Realty Masters & Associates
(562) 334-6900
1 in this area
38 Total Sales
-
T
Seller's Agent in 2018
TIM STEUERNOL
NAI CAPITAL, INC.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24220874
APN: 7115-004-003
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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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