NOT LISTED FOR SALE

Estimated Value: $1,502,615 - $1,791,000

6 Beds
5 Baths
3,008 Sq Ft
$532/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $1,544,000 $513 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,651/month

34 Days on Market

Highlights

  • 0.16 Acre Lot
  • Property is near a park
  • 4-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of June 2022

- Prime North Alamitos Beach Location
- Detached front 3 bed/2bath house & three 1bed/1bath units in the rear
- Garage & Carport Parking
- Significant ADU potential through garage conversion or new build
- All units have been renovated within the last five years
- Potential 28% upside on rents

Last Listed By

Dan Lewin

Younglewin Advisors, Inc. License #01932742 Listed on: 02/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,844

Year Built

  • Built in 1956

Lot Details

  • 6,764 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,008 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 7266015015
  • $818 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,354
  • Water Sewer Expense $940
  • Operating Expense $31,131
  • Gross Income $89,599
  • Net Operating Income $58,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,844

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 348750
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 940.09
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Parcel Number: 7266015015
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 513.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 6764.00
  • Lot Size Acres: 0.1553

Multi Family

  • Gross Income: 89599.00
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 1354.00
  • Lot Size Area: 6764.0000 Square Feet
  • Net Operating Income: 58468.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 31131.20
  • Rent Control: No
  • Total Expenses: 31131.20

Tax Info

  • Tax Census Tract: 5765.02
  • Tax Lot: 7
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 818.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2022
Sold by
Keiichi Takahashi Trust
Bought by
476 Almond Llc
Total Days on Market
34
Current Estimated Value
$1,600,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2021
Sold by
Tolman Judith Lynn and Tolman Judy
Bought by
Tolman Trust and Wohlschlagel-Henley

Purchase Details

Closed on
Sep 9, 2020
Sold by
Takahashi Keiichi
Bought by
Takahashi Keiichi and Keiichi Takahashi Trust

Purchase Details

Closed on
Nov 2, 2016
Sold by
Aoyama Zaisan Networks Usa Inc
Bought by
Takahashi Keiichi

Purchase Details

Closed on
Oct 14, 2016
Sold by
Takahashi Michiko
Bought by
Takahashi Kelichi

Purchase Details

Listed on
Mar 6, 2016
Closed on
Mar 26, 2016
Sold by
Breedlove Crystal Marie
Bought by
Breedlove James Felman
Seller's Agent
Chris Breedlove
Rosewood Investment Group
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$735,000
Sold Price
$745,000
Premium/Discount to List
$10,000
1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.58%

Purchase Details

Listed on
Mar 6, 2016
Closed on
Mar 18, 2016
Sold by
Breedlove James Felman and The Breedlove Family Trust
Bought by
Aoyama Zaisan Networks Usa Inc
Seller's Agent
Chris Breedlove
Rosewood Investment Group
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$735,000
Sold Price
$745,000
Premium/Discount to List
$10,000
1.36%

Purchase Details

Closed on
Aug 25, 2008
Sold by
Breedlove James F and Breedlove Crystal M
Bought by
Breedlove James Felman and Breedlove Crystal Marie

Purchase Details

Closed on
Mar 15, 2007
Sold by
Bapp Verna V
Bought by
Dennis Deanna and Tolman Judy

Purchase Details

Closed on
Sep 1, 1993
Sold by
Bapp Verna Viola
Bought by
Breedlove James F and Breedlove Crystal M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.81%

Range of Values:

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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

Date Buyer Sale Price Title Company
Tolman Trust -- --
Takahashi Keiichi -- None Available
Takahashi Keiichi $1,004,000 Old Republic Title Company
Takahashi Kelichi -- Old Republic Title Company
Aoyama Zaisan Networks Usa Inc $745,000 First American Title Company
Breedlove James Felman -- None Available
Breedlove James F -- None Available
Dennis Deanna -- None Available
Breedlove James F $240,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Takahashi Kelichi $500,000
Previous Owner Breedlove James Felman $294,604
Previous Owner Breedlove James F $328,589
Previous Owner Breedlove James F $192,000
Closed Breedlove James F $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $1,544,000 +10.7% $513 / Sq Ft
06/01/2022 06/01/22 Price Changed $1,395,000 0.0% $464 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $1,395,000 +87.2% $464 / Sq Ft
04/06/2016 04/06/16 Sold $745,000 +1.4% $234 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/06/2016 03/06/16 For Sale $735,000 -- $230 / 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
2024 $20,844 $1,606,377 $1,040,400 $565,977
2023 $20,496 $1,574,880 $1,020,000 $554,880
2022 $13,928 $1,097,709 $765,550 $332,159
2021 $14,320 $1,076,187 $750,540 $325,647
2020 $13,614 $1,065,953 $742,845 $323,108
2019 $13,456 $1,045,069 $728,280 $316,789
2018 $13,034 $1,024,594 $714,000 $310,594
2016 $4,599 $344,567 $86,134 $258,433
2015 $4,425 $339,393 $84,841 $254,552
2014 $4,415 $332,746 $83,180 $249,566
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22020208

California Regional Multiple Listing Service (CRMLS)

APN: 7266-015-015