Armen Aroyan
Select Real Estate LA
(747) 215-3654
32 Total Sales
1 in Willmore
$490,000 Price
827 Pacific Ave Long Beach, CA 90813
Willmore Neighborhood
3
Beds
3
Baths
6,932
Sq Ft
7,502
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- No HOA
- East Facing Home
- Spanish Architecture
- Laundry Facilities
- Paved or Partially Paved Lot
About This Home
As of February 2014High rental demand 13 units apartment built in 1939/1960 redesigned with Spanish accent in recent yrs. In a good neighborhood just a mile to the beach, accessible to bus and train and walking distance to commercial conveniences. This apartment is a good mix of 6 - 1bd 1ba, 6 - studios and 1 - 2bd 1ba; buildings with no major deferred maintenance and professionally managed. This can be a good bread and butter income generator for an owner manager or for a passive investor and keep the manager in place. Rent roll is very reasonable and there is room to upgrade. Landlord provides water and hot water, tenants pay waste fee, gas and electric. Seller has option to do a 1031 Tax Exchange at no cost to Buyer. Can you imagine owning this wonderful investment property and stay close to the beach? Make your move today!
Last Agent to Sell the Property
Arnold Ver
KINGSTON REALTY License #00923517 Listed on: 09/10/2013
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 7,502 Sq Ft Lot
- Lot Dimensions are 50 x 150
- Two or More Common Walls
- East Facing Home
- Paved or Partially Paved Lot
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Spanish Architecture
- Property Attached
- Stucco
Interior Spaces
- 6,932 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 2
- Assessor Parcel Number 7272013013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- 11 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,870
- Gardener Expense $200
- Insurance Expense $2,500
- Maintenance Expense $9,780
- Pest Control $720
- Professional Management Expense $11,200
- Trash Expense $300
- Water Sewer Expense $5,600
- New Taxes Expense $16,000
- Gross Income $11,335
- Net Operating Income $81,970
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
Sep 10, 2013
Closed on
Mar 5, 2014
Sold by
Bought by
Seller's Agent
Arnold Ver
KINGSTON REALTY
Buyer's Agent
Tad Thormodsgaard
eXp Realty of California Inc
List Price
$1,649,000
Sold Price
$1,525,000
Premium/Discount to List
-$124,000
-7.52%
Purchase Details
Listed on
Sep 10, 2013
Closed on
Dec 21, 2013
Sold by
Bought by
Seller's Agent
Arnold Ver
KINGSTON REALTY
Buyer's Agent
Tad Thormodsgaard
eXp Realty of California Inc
List Price
$1,649,000
Sold Price
$1,525,000
Premium/Discount to List
-$124,000
-7.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
4.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 7, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 10, 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
$835,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 12, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willmore, CA
-
Armen Aroyan
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
167 Total Sales
1 in Willmore
$345,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
127 Total Sales
1 in Willmore
$189,000 Price
-
Shaun Hurley
Shaun Hurley
Responds QuicklyColdwell Banker Realty
(949) 694-7557
56 Total Sales
2 in Willmore
$810,000 Price Range
-
Daniel DeForest
Daniel DeForest
First Team Real Estate
(657) 300-5786
163 Total Sales
1 in Willmore
$553,000 Price
-
Brad Hansen
Brad Hansen
ENRG Realty, Inc
(949) 570-5651
89 Total Sales
1 in Willmore
$580,000 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 |
|---|---|---|---|
| -- | None Available | ||
| $1,525,015 | Chicago Title Company | ||
| -- | Fidelity National Title Co | ||
| $1,475,000 | Fidelity National Title Co | ||
| $326,000 | North American Title Company |
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 |
|---|---|---|---|
| Open | $3,067,000 | ||
| Previous Owner | $890,000 | ||
| Previous Owner | $835,000 | ||
| Previous Owner | $402,000 |
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 |
|---|---|---|---|---|
| 02/18/2014 02/18/14 | Sold | $1,525,000 | -7.5% | $220 / Sq Ft |
| 12/30/2013 12/30/13 | Pending | -- | -- | -- |
| 09/10/2013 09/10/13 | For Sale | $1,649,000 | -- | $238 / 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 | $26,102 | $1,869,429 | $1,311,667 | $557,762 |
| 2024 | $24,946 | $1,832,775 | $1,285,949 | $546,826 |
| 2023 | $24,509 | $1,796,839 | $1,260,735 | $536,104 |
| 2022 | $23,025 | $1,761,608 | $1,236,015 | $525,593 |
| 2021 | $22,531 | $1,727,068 | $1,211,780 | $515,288 |
| 2019 | $22,209 | $1,677,964 | $1,175,839 | $502,125 |
| 2018 | $21,605 | $1,645,105 | $1,152,784 | $492,321 |
| 2016 | $19,882 | $1,579,188 | $1,108,021 | $471,167 |
| 2015 | $19,099 | $1,555,468 | $1,091,378 | $464,090 |
| 2014 | $15,888 | $1,250,000 | $423,700 | $826,300 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2014
Arnold Ver
KINGSTON REALTY
-
Tad Thormodsgaard
Buyer's Agent in 2014
Tad Thormodsgaard
eXp Realty of California Inc
(310) 308-9772
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV13184074
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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