Owner
$2,844,989
1405 E OCEAN BLVD, LONG BEACH, CA
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
4
baths
20
sq. ft.
12,636
property type
Apartments (generic)
hoa
Yes
About
Residential
Building Quality B
Average Condition
Living Area
2 Stories
Yes
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1941
Building Size
12,636 sq ft
Lot Size
8,267 sq ft
Lot Size (Acres)
0.19 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
7265-014-036
County
Los Angeles County, CA
Metro Area
Los Angeles-Long Beach-Anaheim, CA
Zoning
LBR4R
Neighborhood/Subdivision
ALAMITOS BEACH TOWNSITE
Lot Number
15
School District
Long Beach Unified School District
Legal Description
ALAMITOS BEACH TOWNSITE LOT/SEC 15 BLK/DIV/TWN 54
Tax & Value Information
Market Value (Total)
—
Building Value
—
Land Value
—
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$3,063,473
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
4/21/2014
Recording Date
5/2/2014
Sales Document #
2014.457661
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$110,086
Return on Investment
15.60%
After Repair Value
$3,129,488
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$2,560,490
Renovation Cost
$142,249
Closing Costs (buying)
$51,210
Holding Costs
$77,683
Selling Costs
$187,769
Total Investment
$705,557
After Repair Value (ARV)
$3,129,488
Total Costs
$3,019,402
Estimated Profit
$110,086
Cash Invested
$654,347
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area