NOT LISTED FOR SALE

Estimated Value: $1,101,000 - $1,791,000

11 Beds
5 Baths
4,601 Sq Ft
$337/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $900,000 $196 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $9,363/month

324 Days on Market

Highlights

  • Ocean Side of Highway 1
  • 0.17 Acre Lot
  • Craftsman Architecture
  • Long Beach Polytechnic High School Rated A
  • Dual Staircase
  • Wood Flooring

About This Home

As of September 2016

Four units. Front building used to be a four unit building with a two bedroom one bath bungalow in the back. Front building converted to three units (with permits) and a two bedroom one bath bungalow in the rear along with seven garages and two additional parking spaces. Recently rehabbed this is a low maintenance property on a huge lot in Alamitos Beach. Bottom front unit is a five bedroom two bath unit approximately 1850 square feet, both upstairs units (separate entrances) are approximately 925 square feet. Rear bungalow all redone and approximately 900 square feet. All occupied by great tenants. Extra income generated from separately rented garages. All tenants on month to month at this time. Property is drive by only, offer subject to inspection.

Last Agent to Sell the Property

Cindy Ludwig

First Team Real Estate License #01020764 Listed on: 09/23/2015

First Team Real Estate

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,998

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 7,501 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • West Facing Home
  • Fence is in average condition
  • Corner Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,601 Sq Ft Home
  • Dual Staircase
  • Ceiling Fan
  • Window Screens
  • Entryway
  • Laundry Room

Kitchen

  • Gas Oven
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Customized Wheelchair Accessible
  • No Interior Steps
  • Ramp on the main level

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 5763
  • Assessor Parcel Number 7274020007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,880
  • Gardener Expense $1,440
  • Insurance Expense $1,790
  • Pest Control $510
  • Trash Expense $1,290
  • Water Sewer Expense $3,224
  • New Taxes Expense $11,888
  • Gross Income $5,940
  • Net Operating Income $45,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,998

Year Built

Built in 1912 | Remodeled

Lot Details

0

Parking

7

Listing Details

  • Other Phone Description: 310.849.8515
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s), Window Bars
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 3224.00
  • Architectural Style: Bungalow, Craftsman
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7274020007
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Unfurnished
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Wood
  • Accessibility Features: No Interior Steps, Ramp - Main Level, Customized Wheelchair Accessible
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 195.61
  • Room Type: Entry, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Water Heater, Range Hood, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Pest Control Expense: 510.00
  • Trash Expense: 1290.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Level, Rectangular Lot, Lot 6500-9999, Paved, Corner Lot
  • Lot Size Sq Ft: 7501.00
  • Price Per Lot Square Foot: 124.65
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 3880.00
  • Gross Income: 5940.00
  • Gross Scheduled Income: 71280.00
  • Insurance Expense: 1790.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 45323.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Number With Dishwasher: 2
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 25957.00
  • Rent Control: No
  • Total Actual Rent: 5940.00
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 11888.00
  • Tax Lot: 1
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Olive Lime 684 Llc
Current Estimated Value
$1,552,038

Purchase Details

Listed on
Sep 23, 2015
Closed on
Sep 2, 2016
Sold by
Amin Puja B
Bought by
Adams Joerg
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$585,000
Interest Rate
2.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 23, 2015
Closed on
Aug 17, 2016
Sold by
Hopkins Kenneth B and Hopkins Pauline Marie
Bought by
Adams Joerg
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
2.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 13, 2005
Sold by
Bumgarner Ryan
Bought by
Hopkins Kenneth B and Hopkins Pauline Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2005
Sold by
Bumgarner Lauren Jane
Bought by
Bumgarner Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Malanga Gerald and Libertino Teresa
Bought by
Bumgarner Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2002
Sold by
Being Alive Foundation
Bought by
Malanga Gerald and Libertino Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2002
Sold by
St Francis House Inc
Bought by
Being Alive Foundation

Purchase Details

Closed on
Nov 17, 1998
Sold by
Reiterman Delores M
Bought by
Reiterman Delores M and Delores M Reiterman Family Tru
Source: Public Records

Range of Values:

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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
Olive Lime 684 Llc -- None Listed On Document
Adams Joerg -- Ticor Title Company
Adams Joerg $900,000 Ticor Title
Hopkins Kenneth B $990,000 North American Title Co
Bumgarner Ryan -- North American Title Co
Bumgarner Ryan $765,000 Fidelity National Title Comp
Malanga Gerald $575,000 Lawyers Title
Being Alive Foundation -- --
Reiterman Delores M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Joerg $585,000
Previous Owner Hopkins Kenneth B $691,600
Previous Owner Bumgarner Ryan $612,000
Previous Owner Malanga Gerald $500,000
Closed Bumgarner Ryan $114,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2016 09/13/16 Sold $900,000 -18.2% $196 / Sq Ft
09/23/2015 09/23/15 For Sale $1,100,000 -- $239 / 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 $13,998 $1,044,521 $731,166 $313,355
2024 $13,998 $1,024,041 $716,830 $307,211
2023 $13,758 $1,003,963 $702,775 $301,188
2022 $12,822 $984,279 $688,996 $295,283
2021 $12,445 $964,981 $675,487 $289,494
2020 $12,411 $955,087 $668,561 $286,526
2019 $12,268 $936,360 $655,452 $280,908
2018 $11,845 $918,000 $642,600 $275,400
2016 $14,157 $1,165,594 $571,081 $594,513
2015 $13,588 $1,148,086 $562,503 $585,583
2014 $13,496 $1,125,598 $551,485 $574,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15210171

California Regional Multiple Listing Service (CRMLS)

APN: 7274-020-007