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1051 Termino Avenue

1051 Termino Avenue, Long Beach, CA 90804
Multifamily in Wilson High
Local assessors in Long Beach, CA have categorized 1051 Termino Avenue as a residential type of property. The home was built in 1929 and is 95 years old. It was most recently renovated and altered in 1930. The property's lot size has been calculated to be 4,333 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1051 Termino Avenue has a total of 3,597 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1051 Termino Avenue was last sold in Dec 17, 2020 for $1,145,000. According to our calculations, that's $318.32 per sqft. Prior to that sales transaction, the property was sold for $813,500 in Mar 23, 2005. Current property owners are expected to pay $15,386 in taxes per year. The property on 1051 Termino Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,191,258. To break that down further, the land itself was valued at $879,138. While improvements to the property were assessed at a total of $312,120. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201011
10/11/2020
Studio
-
-
$1,350,000
bedrooms
Studio
bathrooms
-
$1,145,000 -15.19%
02/12/2021
Christopher Stone

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,333
  • Total Building Area: 3,597
  • Gross Building Area: 3,597
  • Building Area: 3,597
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,597
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REDONDO JUNCTION TRACT #2
  • Land Acres: 0.1
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: REDONDO JUNCTION TRACT # 2 S 45 FT OF LOTS 7 AND LOT/SEC 8 BLK/DIV/TWN 1

Ownership

  • Current Owner : LOVE BARRY J
  • Current Owner 2: LOVE LESLEY M
  • Previous Owner : KAZ LISA ALLISON
  • Owner Before Previous Owner: KAZ MAURICE A
  • Owner Before Previous Owner 2: MAURICE A KAZ TRUST
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 577000

Zoning

  • Zoning: LBR3S

Geography

  • Assessors Map Reference: 76-A4
  • Subdivision Tract Number: 2
  • Parcel: 7254-010-010
  • Block: 1
  • Lot: 7
  • Municipality: SOUTH /CIRCLE AREA
  • Latitude: 33.78
  • Longitude: -118.146

    Address

  • Full Address: 1051 Termino Ave
  • Address - House Number: 1051
  • Address - Street Name: Termino
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C006
  • 4-Digit Zip Code: 4125
  • Zip Code: 90804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,386
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.2286
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,367,682
  • High Value: 1,680,436
  • Low Value: 1,054,929

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $687,000
  • First Open Lien Mortgage Lender: NATIONS DIRECT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 12, 2021
  • First Open Lien Mortgage Loan Amount: $687,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,191,258
  • Assessed Land Value: $879,138
  • Assessed Improvements Value: $312,120

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Transaction ID: 11817524688
  • Current Sale Price: $1,145,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0252224
  • Previous Sale Recording Date: May 20, 2005
  • Previous Sale Contract Date: Mar 23, 2005
  • Previous Sale Amount: $813,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONS DIRECT MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 12, 2021
  • First Mortgage Loan Amount: $687,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE BANK
  • Previous Mortgage Transaction Date: May 20, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $650,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Negative Amortization
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About Wilson High



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Frequently Asked Questions

What neighborhood is 1051 Termino Avenue located in?
The 1051 Termino Avenue is a multifamily located in the neighborhood of Wilson High in Wilson High, Long Beach.
What is the average sales price for listings in 1051 Termino Avenue?
The average sales price for units in 1051 Termino Avenue is $1,350,000 currently.

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