NOT LISTED FOR SALE

Estimated Value: $1,123,000 - $1,212,000

1 Bed
1 Bath
3,200 Sq Ft
$368/Sq Ft Est. Value

Last Sold March 22, 2016

Last sale price $625,000 $195 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,978/month

109 Days on Market

Highlights

  • Fireplace in Bathroom
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of March 2016

Great money maker! four one bedroom units rented to good tenants, just collect your rents. Separate gas and electric meters, new outside paint, super area, no rent control. Extra large units (could be converted to two bedroom), super condition, with inside laundry, plenty of storage and OFF STREET PARKING.

Last Agent to Sell the Property

Steve Landsberg

Re/Max R. E. Specialists License #01251087 Listed on: 11/05/2015

Re/Max R. E. Specialists

Last Buyer's Agent

Susan Howlett

Pacific Coast Investment License #00688489

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,443 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,200 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom
  • Fireplace in Bathroom

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7267016028

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,500
  • Gross Income $3,600
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 7267016028
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Electric, Gas, Kitchen, Living Room
  • Price Per Square Foot: 195.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Level, Level with Street
  • Lot Size Sq Ft: 3443.00
  • Price Per Lot Square Foot: 181.53
  • Lot Size Acres: 0.0790

Multi Family

  • Average1 Bed Area: 800
  • Electric Expense: 300.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 3443.0000 Square Feet
  • Net Operating Income: 40200.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 7800.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Klein Joseph B
Bought by
Joseph B Klein Revocable Trust
Current Estimated Value
$1,178,387

Purchase Details

Listed on
Nov 5, 2015
Closed on
Feb 8, 2016
Sold by
Sills Jonas
Bought by
Klein Joseph B and Klein Carolyn W
Seller's Agent
Steve Landsberg
Re/Max R. E. Specialists
Buyer's Agent
Susan Howlett
Pacific Coast Investment
List Price
$670,000
Sold Price
$625,000
Premium/Discount to List
-$45,000
-6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$500,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2013
Closed on
May 15, 2014
Sold by
Lazarus Scott
Bought by
Sills Jonas
Seller's Agent
Tracy Golla
HomeSmart, Evergreen Realty
Buyer's Agent
Steve Landsberg
Re/Max R. E. Specialists
List Price
$575,000
Sold Price
$548,000
Premium/Discount to List
-$27,000
-4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$150,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2004
Sold by
Waldman Michael
Bought by
Lazarus Scott and Lazarus Yana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2004
Sold by
Tran Lynn
Bought by
Tran Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2004
Sold by
Caddell Joseph
Bought by
Waldman Michael and Tran Bryan

Purchase Details

Closed on
May 20, 2001
Sold by
Fleming Kenneth
Bought by
Albert E & Betty B Greer Family

Purchase Details

Closed on
Aug 28, 2000
Sold by
California/Equicredit Corp
Bought by
Fleming Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
8.2%

Purchase Details

Closed on
Aug 15, 2000
Sold by
Fleming Ardra
Bought by
Fleming Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
8.2%

Purchase Details

Closed on
Mar 15, 2000
Sold by
Bhushan Alok
Bought by
California/Equicredit Corp Of America

Purchase Details

Closed on
Oct 12, 1998
Sold by
Covington Keith A
Bought by
Phns Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
9.6%

Purchase Details

Closed on
Oct 2, 1998
Sold by
Phns Inc
Bought by
Bhushan Alok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
9.6%

Purchase Details

Closed on
Jul 22, 1997
Sold by
Covington Keith A
Bought by
Covington Keith A and Covington Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
7.45%

Purchase Details

Closed on
Aug 22, 1994
Sold by
Pray Ann Monroe Turner
Bought by
Pray Ann Turner
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Joseph B Klein Revocable Trust -- None Listed On Document
Klein Joseph B $625,000 First American Title Company
Sills Jonas $548,005 Lawyers Title
Lazarus Scott $570,000 Orange Coast Title Company
Waldman Michael -- Orange Coast Title Company
Tran Brian -- Orange Coast Title Company
Waldman Michael $465,000 --
Albert E & Betty B Greer Family $22,300 United Title Company
Fleming Kenneth $160,000 Lawyers Title
Fleming Kenneth -- Continental Land Title
California/Equicredit Corp Of America $139,900 Benefit Land Title Ins Co
Phns Inc $193,000 Equity Title Company
Bhushan Alok $300,000 Equity Title
Covington Keith A -- --
Covington Keith A $137,000 Orange Coast Title
Pray Ann Turner -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klein Joseph B $500,000
Previous Owner Sills Jonas $150,000
Previous Owner Lazarus Scott $388,500
Previous Owner Fleming Kenneth $167,000
Previous Owner Bhushan Alok $240,000
Previous Owner Covington Keith A $109,600
Closed Covington Keith A $13,700
Closed Fleming Kenneth $25,000
Closed Lazarus Scott $55,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/22/2016 03/22/16 Sold $625,000 -6.7% $195 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
11/05/2015 11/05/15 For Sale $670,000 +22.3% $209 / Sq Ft
07/07/2014 07/07/14 Sold $548,000 -4.7% $171 / Sq Ft View Prior Sale
05/13/2014 05/13/14 Pending -- -- --
12/10/2013 12/10/13 For Sale $575,000 -- $180 / 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 $9,809 $739,865 $485,353 $254,512
2024 $9,809 $725,359 $475,837 $249,522
2023 $9,640 $711,137 $466,507 $244,630
2022 $9,057 $697,194 $457,360 $239,834
2021 $8,862 $683,525 $448,393 $235,132
2019 $8,735 $663,254 $435,095 $228,159
2018 $8,497 $650,250 $426,564 $223,686
2016 $7,017 $556,357 $385,795 $170,562
2015 $6,742 $548,000 $380,000 $168,000
2014 $6,570 $525,000 $225,600 $299,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15241056

California Regional Multiple Listing Service (CRMLS)

APN: 7267-016-028