Seller's Agent in 2022
Alec Kara
Keller Williams Pacific Estate
(562) 513-7800
2 in this area
15 Total Sales
825 E Ocean Blvd Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated Value: $1,786,000 - $2,363,000
5
Beds
4
Baths
3,750
Sq Ft
$538/Sq Ft
Est. Value
Highlights
- 0.09 Acre Lot
- Property is near public transit
- Park
- Long Beach Polytechnic High School Rated A
- Private Yard
- Laundry Room
About This Home
As of January 2022WE ARE pleased to present the opportunity to acquire 825 E. Ocean Blvd, 4-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
825 E. Ocean Blvd consists of One large 1 Bedroom and 1 Bath unit floor plan, TWO large 2bedroom and 1 Bath floor plan and ONE large Studio which offers amenities like
- Stove
- Dishwasher
- Washer/Dryer in units
- Tankless water heaters
- Keyless Entry
- New Countertops
- Soft Close Cabinetry
- Modern Fixtures
- Updated kitchen and bathrooms
- Beautiful Hardwood Flooring
- Recessed Lighting
- Full Bath
- Garages for additional income
Additionally Ocean property offers Amenities Including Ocean Views, Private Patios and Balconies and a Central Courtyard.
825 E. Ocean Blvd is located in the highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also within walking distance to Retro Row, which offers numerous shopping, dining, and entertainment options. 825 E. Ocean Blvd is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations.
Given the overall strength of the apartment market in Long Beach, specially Alamitos Beach, 825 E. Ocean Blvd offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 825 E. Ocean Blvd.
Last Agent to Sell the Property
Keller Williams Pacific Estate License #02030808 Listed on: 09/10/2021
Last Buyer's Agent
khanh nguyen
eXp Realty of California Inc License #02141929
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 4,072 Sq Ft Lot
- Two or More Common Walls
- Private Yard
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 5 Bedrooms
- 3,750 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 8 / 59
- Assessor Parcel Number 7265003037
- $773 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
- Alamitos Beach Subdivision
Recreation
- Park
- Dog Park
- Water Sports
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $1,430
- Insurance Expense $1,688
- Trash Expense $2,800
- Water Sewer Expense $1,200
- Operating Expense $7,118
- Gross Income $115,178
- Net Operating Income $84,122
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2021
Closed on
Jan 12, 2022
Sold by
Ngo Laura Hien
Bought by
Vannguyen Khanh
Seller's Agent
Alec Kara
Keller Williams Pacific Estate
Buyer's Agent
khanh nguyen
eXp Realty of California Inc
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,859
Avg. Annual Appreciation
1.19%
Original Mortgage
$1,152,500
Outstanding Balance
$1,047,665
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$971,194
Purchase Details
Listed on
Sep 10, 2021
Closed on
Dec 30, 2021
Sold by
Masterson Jenae L
Bought by
Lujan Andre
Seller's Agent
Alec Kara
Keller Williams Pacific Estate
Buyer's Agent
khanh nguyen
eXp Realty of California Inc
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,152,500
Outstanding Balance
$1,047,665
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$971,194
Purchase Details
Listed on
Sep 10, 2021
Closed on
Dec 28, 2021
Sold by
Lujan Aaron and Lujan Irma
Bought by
Phu Van Nguyen Trust and Van Nguyen
Seller's Agent
Alec Kara
Keller Williams Pacific Estate
Buyer's Agent
khanh nguyen
eXp Realty of California Inc
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,152,500
Outstanding Balance
$1,047,665
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$971,194
Purchase Details
Listed on
Sep 10, 2021
Closed on
Dec 27, 2021
Sold by
Ngo Laura Hien
Bought by
Vannguyen Khanh
Seller's Agent
Alec Kara
Keller Williams Pacific Estate
Buyer's Agent
khanh nguyen
eXp Realty of California Inc
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,152,500
Outstanding Balance
$1,047,665
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$971,194
Purchase Details
Closed on
Aug 30, 2016
Sold by
Lujan Aaron and Lujan Irma
Bought by
Lujan Aaron and Lujan Irma
Purchase Details
Closed on
Jun 22, 2016
Sold by
Chen Hsin Yee and Chen Chun Yen
Bought by
Lujan Aaron and Lujan Irma
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
3.48%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 6, 2013
Closed on
Oct 16, 2013
Sold by
Norton Mikle W and Romo George
Bought by
Chen Hsin Yee and Chen Chun Yen
Seller's Agent
Mike Norton
Seven Gables Real Estate
Buyer's Agent
Stephen Chang
Paisley Home Services, Inc
List Price
$925,000
Sold Price
$899,000
Premium/Discount to List
-$26,000
-2.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Purchase Details
Closed on
Jun 24, 2010
Sold by
Myint Christopher
Bought by
Norton Mikel W and Romo George
Purchase Details
Closed on
Jun 7, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Myint Christopher
Purchase Details
Closed on
Oct 9, 2009
Sold by
Jarrell Jerry L
Bought by
Hsbc Bank Usa National Association
Purchase Details
Closed on
Dec 13, 2005
Sold by
Jarrell S
Bought by
Jarrell Jerry L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
6.35%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Nov 15, 2005
Sold by
Lester Thomas and 2001 Thomas Lester Living Trus
Bought by
Jarrell Jerry L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
6.35%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Mar 30, 2001
Sold by
Lester Thomas
Bought by
Lester Thomas and 2001 Thomas Lester Living Trus
Purchase Details
Closed on
Aug 19, 1997
Sold by
Schneiter Kurt Braun and Schneiter Lisa K
Bought by
Lester Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,787
Interest Rate
7.54%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 6, 1997
Sold by
Nieminen Erkki K
Bought by
Schneiter Kurt Braun and Schneiter Lisa K
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vannguyen Khanh | -- | Fidelity National Title Co | |
| Lujan Andre | -- | Fidelity National Title | |
| Phu Van Nguyen Trust | $1,925,000 | Fidelity National Title | |
| Vannguyen Khanh | -- | Fidelity National Title | |
| Lujan Aaron | -- | First American Title Company | |
| Lujan Aaron | $1,410,000 | First American Title Company | |
| Chen Hsin Yee | $899,000 | North American Title Company | |
| Norton Mikel W | -- | None Available | |
| Myint Christopher | $665,000 | Orange Coast Title | |
| Hsbc Bank Usa National Association | $550,000 | None Available | |
| Jarrell Jerry L | -- | Gateway Title Co | |
| Jarrell Jerry L | $970,000 | Gateway Title Co | |
| Lester Thomas | -- | -- | |
| Lester Thomas | $236,000 | Commonwealth Title | |
| Schneiter Kurt Braun | $131,250 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phu Van Nguyen Trust | $1,152,500 | |
| Previous Owner | Lujan Aaron | $800,000 | |
| Previous Owner | Jarrell Jerry L | $242,500 | |
| Previous Owner | Jarrell Jerry L | $630,500 | |
| Previous Owner | Lester Thomas | $227,787 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/19/2022 01/19/22 | Sold | $1,925,000 | -1.3% | $513 / Sq Ft | |
| 11/18/2021 11/18/21 | Price Changed | $1,950,000 | +1.8% | $520 / Sq Ft | |
| 11/09/2021 11/09/21 | Price Changed | $1,915,000 | -4.0% | $511 / Sq Ft | |
| 09/10/2021 09/10/21 | For Sale | $1,995,000 | +121.9% | $532 / Sq Ft | |
| 10/25/2013 10/25/13 | Sold | $899,000 | -2.8% | $240 / Sq Ft | View Prior Sale |
| 10/16/2013 10/16/13 | Pending | -- | -- | -- | |
| 10/06/2013 10/06/13 | For Sale | $925,000 | -- | $247 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $25,713 | $2,042,825 | $1,506,915 | $535,910 |
| 2024 | $25,713 | $2,002,770 | $1,477,368 | $525,402 |
| 2023 | $25,284 | $1,963,500 | $1,448,400 | $515,100 |
| 2022 | $19,163 | $1,542,038 | $1,000,685 | $541,353 |
| 2021 | $18,784 | $1,511,803 | $981,064 | $530,739 |
| 2019 | $18,515 | $1,466,964 | $951,966 | $514,998 |
| 2018 | $18,043 | $1,438,200 | $933,300 | $504,900 |
| 2017 | $119 | $1,410,000 | $915,000 | $495,000 |
| 2016 | $11,375 | $930,945 | $620,285 | $310,660 |
| 2015 | $10,919 | $916,962 | $610,968 | $305,994 |
| 2014 | $10,848 | $899,000 | $599,000 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Alec Kara
-
k
Buyer's Agent in 2022
khanh nguyen
eXp Realty of California Inc
-
Mike Norton
Seller's Agent in 2013
Mike Norton
Seven Gables Real Estate
(562) 577-5021
1 in this area
13 Total Sales
-
Stephen Chang
S
Buyer's Agent in 2013
Stephen Chang
Paisley Home Services, Inc
(714) 485-3871
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21200551
APN: 7265-003-037
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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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