NOT LISTED FOR SALE

Estimated Value: $1,151,134

10 Beds
4 Baths
3,312 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2023

Last sale price $1,100,000 $332 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,554 / mo

16 Days on Market

About This Home

As of May 2023

801 Atlantic Avenue, Long Beach, CA is a 3,312 square foot, four-unit building was constructed in 1914 and is situated on a 3,001 square foot corner lot, with a unit mix of (2) three-bedroom one-bath units, and (2) two-bedroom one-bathroom units. The property is individually metered for gas and electric and landlord pays for water, sewer, and trash. Unit 805 has washer and dryer hook-ups. Two units will be delivered vacant and one unit (#807) has a pending eviction case. Units will need to be remodeled to achieve market rents. No onsite parking, but there are striped spaces directly in front of the building, and there may be potential to add a space behind the building.

Last Agent to Sell the Property

Tim Steuernol

NAI Capital Commercial Inc. License #01742766 Listed on: 03/21/2023

NAI Capital Commercial Inc.

Last Buyer's Agent

Chris Crosby

Buckingham Investments, Inc License #02116879

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 3,001 Sq Ft Lot

Home Design

  • Fixer Upper

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 7274-016-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

3,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: First Time to Market in 20 Years. 2 Vacant Units. Pro Forma Cap Rate of Approximately 7.6% after Unit Rehab and Leased at Market Rate. Located on a corner lot in an excellent Long Beach growth sub-market surrounded by billions in new development, the Port of Long Beach, Cal State, LBCC, restaurants, galleries, hospitals, and the beach. The property has great curb appeal and value-add potential. Walk Score of 91: Saint Mary is the 2nd most walkable neighborhood in Long Beach with most errands not requiring a car. Only .3 miles to the Metro A Line. Excellent Unit Mix of (2) 3-bedroom, 1-bath Units, and (2) 2-bedroom, 1-bath Units. Upside in Rents: One of the occupied units is renting approximately 50% Below Market. Recently Reinforced Foundation.
  • Alley: No
  • Living Area: 3312
  • Lot Acreage: 0.0689
  • Probate: No
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1914
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 332.13

Exterior Features

  • Other Structures: None
  • Pool: No

Utilities

  • Water Heater: Gas
  • Heating: Natural Gas
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessed Improvement Percent: 70.07
  • Assessed Improvement Value: 343837
  • Assessed Land Percent: 29.93
  • Assessed Land Value: 146858
  • Total Assessed Value: 490695
  • Assessor Parcel Number: 7274-016-016
  • Lot Size Area: 3001

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.99
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartments

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
Mar 21, 2023
Closed on
Jun 5, 2023
Sold by
Bought by
Seller's Agent
Tim Steuernol
NAI Capital Commercial Inc.
Buyer's Agent
Chris Crosby
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$1,100,000
Views
41
Current Estimated Value
$1,151,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,134
Avg. Annual Appreciation
1.45%
Original Mortgage
$825,000
Interest Rate
0.0632%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 10, 2023
Sold by
Bought by
Seller's Agent
Tim Steuernol
NAI Capital Commercial Inc.
Buyer's Agent
Chris Crosby
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$1,100,000
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0632%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 5, 2023
Sold by
Bought by
Seller's Agent
Tim Steuernol
NAI Capital Commercial Inc.
Buyer's Agent
Chris Crosby
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$1,100,000
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0632%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2023
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2012
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
0.0385%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 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
$282,000
Interest Rate
0.0726%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 1999
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
$236,000
Interest Rate
0.085%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 22, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Accommodation/Courtesy Recordi
-- Ticor Title Company
-- Ticor Title Company
$1,100,000 Ticor Title Company
-- --
-- Equity Title Company
-- American Title
$352,500 --
$295,000 United Title Company
-- United Title Company
$179,431 Orange Coast Title
$295,000 Fidelity Title
$163,000 Southland Title Corporation
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
Previous Owner $825,000
Previous Owner $343,500
Previous Owner $380,000
Previous Owner $282,000
Previous Owner $236,000
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
05/16/2023 05/16/23 Sold $1,100,000 0.0% $332 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $1,100,000 -- $332 / Sq Ft
Source: The MLS

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 $15,595 $1,142,400 $408,000 $734,400
2024 $14,916 $1,120,000 $400,000 $720,000
2023 $7,223 $500,508 $149,795 $350,713
2022 $6,796 $490,695 $146,858 $343,837
2021 $6,635 $481,075 $143,979 $337,096
2019 $6,540 $467,168 $139,709 $327,459
2018 $6,341 $458,016 $136,970 $321,046
2016 $5,832 $439,887 $131,652 $308,235
2015 $5,610 $433,281 $129,675 $303,606
2014 $5,569 $424,794 $127,135 $297,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-253107

The MLS

APN: 7274-016-016

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