D
Seller's Agent in 2021
Derek Branch
Keller Williams Advisors
816 Alamitos Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated Value: $1,304,000 - $1,525,000
15
Beds
5
Baths
3,498
Sq Ft
$406/Sq Ft
Est. Value
About This Home
As of June 2021Perfectly located this property is only 9 blocks from the Pacific ocean between downtown Long Beach, the East Arts Districts, and Alamitos Beach. The impressive property consists of 3 separate structures: (1) 5BD/1BA house, (1) 4BD/2BA house, and (2) 3BD/1BA units. The 4BD/2BA house was recently renovated and leased. There is a value-add potential at over 15% to market rents. This property is being offered at a CAP rate of 5% and GRM of 12.46 with an upside to achieve a CAP rate of 6.1% and GRM of 10.8. ONE UNIT TO BE DELIVERED VACANT!
Last Agent to Sell the Property
Derek Branch
Keller Williams Advisors License #02100209 Listed on: 02/12/2021
Co-Listed By
John Alden
Alden Pacific Investments, Inc. License #02114291
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,538 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- 3,498 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 15 Bedrooms
- 5 Bathrooms
Additional Features
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 39
- Tax Tract Number 4496
- Assessor Parcel Number 7267025031
Community Details
Overview
- 3 Buildings
- 4 Units
- Eastside Subdivision
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Trash Expense $1,656
- Water Sewer Expense $4,200
- Operating Expense $38,346
- Gross Income $108,720
- Net Operating Income $67,113
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
Closed on
Aug 7, 2017
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,650
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 12, 2013
Closed on
Sep 27, 2013
Sold by
Bought by
Seller's Agent
Brian Capossela
Cap Equity Realty
Buyer's Agent
RAY DURAN, JR.
List Price
$685,000
Sold Price
$685,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$672,592
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 1, 2010
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
$525,000
Interest Rate
4.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2008
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
$555,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 1, 2004
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
$518,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 20, 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
$444,500
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 15, 2001
Sold by
Bought by
Purchase Details
Closed on
Sep 19, 2001
Sold by
Bought by
Purchase Details
Closed on
Nov 15, 1999
Sold by
Bought by
Purchase Details
Closed on
Aug 28, 1997
Sold by
Bought by
Purchase Details
Closed on
Aug 20, 1997
Sold by
Bought by
Purchase Details
Closed on
Aug 9, 1996
Sold by
Bought by
Purchase Details
Closed on
Sep 15, 1995
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
$45,000
Interest Rate
7.88%
Purchase Details
Closed on
Jul 10, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,100,000 | Provident Title Company | ||
| $685,000 | Usa National Title Company | ||
| -- | Old Republic Title | ||
| $740,000 | Fidelity National Title Co | ||
| $740,000 | Commonwealth Land Title Co | ||
| -- | Commonwealth Land Title Co | ||
| -- | Diversified Title & Escrow S | ||
| $300,000 | South Coast Title Company | ||
| $291,722 | American Title | ||
| $255,630 | American Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| $235,000 | Chicago Title | ||
| $17,000 | -- | ||
| $90,000 | Chicago Title | ||
| $145,429 | American Title |
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 | $815,650 | ||
| Previous Owner | $672,592 | ||
| Previous Owner | $525,000 | ||
| Previous Owner | $555,000 | ||
| Previous Owner | $518,000 | ||
| Previous Owner | $444,500 | ||
| Previous Owner | $45,000 | ||
| Closed | $148,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/13/2021 06/13/21 | Sold | $1,299,000 | +834.5% | $371 / Sq Ft | |
| 03/26/2021 03/26/21 | Pending | -- | -- | -- | |
| 02/12/2021 02/12/21 | For Sale | $139,000 | -79.7% | $40 / Sq Ft | |
| 11/19/2013 11/19/13 | Sold | $685,000 | 0.0% | $196 / Sq Ft | View Prior Sale |
| 09/25/2013 09/25/13 | Pending | -- | -- | -- | |
| 08/12/2013 08/12/13 | For Sale | $685,000 | -- | $196 / 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 | $18,510 | $1,380,099 | $898,418 | $481,681 |
| 2024 | $17,721 | $1,353,039 | $880,802 | $472,237 |
| 2023 | $17,424 | $1,326,510 | $863,532 | $462,978 |
| 2022 | $16,357 | $1,300,500 | $846,600 | $453,900 |
| 2021 | $14,617 | $1,156,295 | $809,407 | $346,888 |
| 2020 | $15,881 | $1,145,320 | $801,108 | $344,212 |
| 2019 | $14,409 | $1,122,880 | $785,400 | $337,480 |
| 2018 | $13,983 | $1,100,880 | $770,000 | $330,880 |
| 2016 | $8,838 | $709,340 | $502,234 | $207,106 |
| 2015 | $8,489 | $698,686 | $494,690 | $203,996 |
| 2014 | $8,442 | $685,000 | $485,000 | $200,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2021
John Alden
Alden Pacific Investments, Inc.
-
Cody Charnell
Buyer's Agent in 2021
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
2 in this area
52 Total Sales
-
Brian Capossela
B
Seller's Agent in 2013
Brian Capossela
Cap Equity Realty
(310) 305-4986
19 Total Sales
-
R
Buyer's Agent in 2013
RAY DURAN, JR.
-
J
Buyer's Agent in 2013
Jeanet Salazar
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21029901
APN: 7267-025-031
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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