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1612 E Appleton St, Long Beach, CA 90802
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1612 E Appleton St Long Beach, CA 90802

$1,160,000 Sold Price as of 10/29/2019
  • 4 Beds
  • 4 Baths
  • 3,180 Sq.Ft.
Sold
$1,160,000 Sold Price as of 10/29/2019 Refinance Your Mortgage
Map preview of 1612 E Appleton St, Long Beach, CA 90802

Property Overview: 1612 E Appleton St Long Beach, CA has 4 bedrooms, 4 bathrooms, 3,180 living square feet and 4,136 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1612 - 1618 E. Appleton Avenue is a 4-unit investment opportunity in prime Alamitos Beach, just blocks from the Ocean and Bike Path. The building features spacious one-bedroom units, two of which have a bonus office rooms. The units have 1920's character and detailing, with hardwood flooring, crown molding, built-ins and ceiling fans. The building provides laundry income, is separately metered for gas and electric, and has a community outdoor patio. This property provides an excellent opportunity for an investor to own an easily manageable asset with 22%+/- upside potential just blocks from the beach in the most desirable rental market in Long Beach. Nestled between downtown Long Beach and Belmont Shore is the charming, popular coastal neighborhood of Alamitos Beach. The area is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to booming Downtown Long Beach and its multitude of employment opportunities.

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
4,136
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19186419
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,632
  • Net Operating Income: $38,681
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $25,569
  • Electric: $462
  • Gas/Fuel: $462
  • Licenses: $500
  • New Taxes: $14,837
  • Trash: $462
  • Gardener: $1,200
  • Insurance: $1,272
  • Maintenance: $1,500
  • Professional Management: $3,213
  • Water/Sewer: $462
  • Other Expenses: $700
  • Other Expense Description: Reserves

Property Details for 1612 E Appleton St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Office
Interior Features
  • Built-in Features, Ceiling Fan(s), Crown Molding, Tile Counters
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7275012007
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: E 3rd St & Cherry Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1612 E Appleton St

Last sold for $1,160,000 on October 29th, 2019

  • October, 2019

  • Oct 29, 2019

    Date

    Sold

    CRMLS: PW19186419

    $1,160,000

    Price

  • Oct 14, 2019

    Date

    Pending

    CRMLS: PW19186419

    $1,175,000

    Price

  • Aug 5, 2019

    Date

    Active

    CRMLS: PW19186419

    $1,175,000

    Price

  • October, 2019

  • Oct 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,160,000

    Price

  • June, 2018

  • Jun 1, 2018

    Date

    Expired

    CRMLS: PW17273239

    $1,150,000

    Price

  • Jan 31, 2018

    Date

    Price Change

    CRMLS: PW17273239

    $1,150,000

    Price

  • Jan 8, 2018

    Date

    Active

    CRMLS: PW17273239

    $1,200,000

    Price

  • Dec 24, 2017

    Date

    Hold

    CRMLS: PW17273239

    $1,200,000

    Price

  • Dec 18, 2017

    Date

    Active

    CRMLS: PW17273239

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Prime Downtown/ Alamitos Beach 4-Plex! Located 4 Blocks to the beach properties like this rarely come on the market! Unit mix consists of 4- 1bed/1bath units. All units are HUGE about 800 Sq. Ft. 1920's construction with original built-ins and original hardwood floors! Long term owner with long term tenants. Rents are extremely low with tons of upside to get to market rents. Separately metered for gas & electric. Seller pays water only. Tenants pay all utilities. Onsite laundry room brings in additional income. Hurry you don't want to miss out on an A+ opportunity like this!!

  • September, 2012

  • Sep 14, 2012

    Date

    Sold (Public Records)

    Public Records

    $505,000

    Price

  • September, 2012

  • Sep 14, 2012

    Date

    Sold

    CRMLS: 12165898

    $505,000

    Price

  • Jul 17, 2012

    Date

    Active

    CRMLS: 12165898

    $504,400

    Price

  • Listing provided courtesy of CRMLS

    4 Units just Blocks from the Beach! Lots of Charm and Character. Each Unit has it's own access to a shared Enclosed Backyard with Grassy Area, Patio Area and Coin Laundry. Units also Feature Wood Floors, Breakfast Nooks, Faux Fireplaces, and Built In Bookcases. Two Units have Bonus Office Areas and Balcony. Great Investment Opportunity. Close Proximity to many desirable amenities. Must See, Won't Last!

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Tax History for 1612 E Appleton St

Assessed Value (2020): $1,160,460
Year Land Value Improved Value Assessed Value
2020 $400,000 $760,460 $1,160,460

Home Value Compared to the Market

This property vs the competition

1612 E Appleton St sold on October 29, 2019 for 43.47% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $369.5 per/sqft which puts the price per square foot 41.16% lower than the current median sale per square foot for the city of Long Beach.

About 1612 E Appleton St

Detailed summary of property

1612 E Appleton St is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,180 living square feet, and sits on an approximately 4,136 square foot lot. 1612 E Appleton St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,160,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 43.47% higher than the current median priced home. Local homes that are currently for sale include 777 Obispo Ave, 1509 N Stanton Pl and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 1612 E Appleton St has a days on market of 70 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1612 E Appleton St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1612 E Appleton St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
3,180
Lot Size
4,135
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7275-012-007

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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