Leslie Stonick
Compass
(424) 381-0410
72 Total Sales
2 in Saint Mary's
$730,000 Price Range
729 Lime Ave Long Beach, CA 90813
Saint Mary's Neighborhood
6
Beds
4
Baths
6,696
Sq Ft
7,405
Sq Ft Lot
Highlights
- 7,405 Sq Ft lot
- No HOA
- Laundry Facilities
- Long Beach Polytechnic High School Rated A
- Landscaped
- 1-Story Property
About This Home
As of October 2018729 Lime Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California.
Specifically, the property is located just a short walk to Downtown Long Beach and minutes to Alamitos Beach. The 6,696 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Built in 1923, the property offers amenities including single-story construction with gated entry and on-site laundry. With in-place rents approximately 28 percent below market rates, 729 Lime Avenue represents an attractive value-add opportunity.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 07/12/2018
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Landscaped
Interior Spaces
- 6,696 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 576302
- Assessor Parcel Number 7274017029
Community Details
Overview
- No Home Owners Association
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- Electric Expense $3,750
- Fuel Expense $3,750
- Insurance Expense $2,718
- Maintenance Expense $7,800
- Other Expense $4,650
- Professional Management Expense $7,716
- Trash Expense $3,750
- Water Sewer Expense $3,750
- New Taxes Expense $29,842
- Operating Expense $67,726
- Gross Income $159,060
- Net Operating Income $86,598
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
Listed on
Jul 12, 2018
Closed on
Oct 1, 2018
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Jon Swire
The Agency
List Price
$2,300,000
Sold Price
$2,100,000
Premium/Discount to List
-$200,000
-8.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,434,362
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 19, 2016
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
$1,160,000
Interest Rate
3.48%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 19, 2013
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
$715,000
Interest Rate
4.32%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 19, 2005
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
$800,000
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 12, 2005
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
$800,000
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 2003
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
$325,500
Interest Rate
4.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 5, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 13, 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
$245,000
Interest Rate
7.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 17, 1997
Sold by
Bought by
Purchase Details
Closed on
May 20, 1997
Sold by
Bought by
Purchase Details
Closed on
Dec 12, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Saint Mary's, CA
-
Leslie Stonick
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
2 in Saint Mary's
$515,000 Price Range
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
178 Total Sales
1 in Saint Mary's
$535,000 Price
-
Roddy de la Garza
Roddy de la Garza
Responds QuicklyEpique Realty
(323) 615-1579
119 Total Sales
1 in Saint Mary's
$580,000 Price
-
Kelly Conley
Kelly Conley
eXp Realty of California Inc
(562) 362-4213
15 Total Sales
2 in Saint Mary's
$620K - $661K Price Range
-
Edward Ong
Edward Ong
Responds QuicklyCorpen Real Estate Group
(669) 200-0582
84 Total Sales
1 in Saint Mary's
$775,000 Price
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 |
|---|---|---|---|
| $2,100,000 | Chicago Title Company | ||
| $1,590,000 | Ticor Title National | ||
| -- | Fidelity National Title Co | ||
| -- | Security Union Title | ||
| $1,120,000 | Security Union Title | ||
| -- | American Title Co | ||
| -- | -- | ||
| $280,000 | Provident Title Company | ||
| $235,000 | Fidelity National Title Ins | ||
| $355,572 | -- | ||
| -- | -- |
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 |
|---|---|---|---|
| Closed | -- | ||
| Open | $1,680,000 | ||
| Previous Owner | $1,160,000 | ||
| Previous Owner | $715,000 | ||
| Previous Owner | $800,000 | ||
| Previous Owner | $208,500 | ||
| Previous Owner | $325,500 | ||
| Previous Owner | $306,500 | ||
| Previous Owner | $245,000 | ||
| Previous Owner | $80,000 |
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 |
|---|---|---|---|---|
| 10/12/2018 10/12/18 | Sold | $2,100,000 | -8.7% | $314 / Sq Ft |
| 09/04/2018 09/04/18 | Pending | -- | -- | -- |
| 07/12/2018 07/12/18 | For Sale | $2,300,000 | -- | $343 / 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 | $32,203 | $2,342,584 | $1,639,810 | $702,774 |
| 2024 | $30,787 | $2,296,652 | $1,607,657 | $688,995 |
| 2023 | $30,250 | $2,251,621 | $1,576,135 | $675,486 |
| 2022 | $28,405 | $2,207,473 | $1,545,231 | $662,242 |
| 2021 | $27,812 | $2,164,190 | $1,514,933 | $649,257 |
| 2019 | $27,413 | $2,100,820 | $1,470,000 | $630,820 |
| 2018 | $21,422 | $1,622,620 | $1,132,200 | $490,420 |
| 2016 | $15,704 | $1,211,574 | $849,137 | $362,437 |
| 2015 | $15,097 | $1,193,376 | $836,383 | $356,993 |
| 2014 | $15,941 | $1,248,564 | $724,614 | $523,950 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
171 Total Sales
-
Jon Swire
Buyer's Agent in 2018
Jon Swire
The Agency
(310) 948-2631
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18168318
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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