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1260 East 2nd Street

1260 East 2nd Street, Long Beach, CA 90802
Property in Bixby Park
Sold Apr 26, 2022
$12,685,000
$5,454,550 by Bank Of Hemet
Mortgage
Sold Jun 07, 2019
$11,000,000
$4,235,000 by Federal Savings Bank
Mortgage Due Jun 01, 2049
Local assessors in Long Beach, CA have categorized 1260 East 2nd Street as a residential type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 12,380 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 820 ft. 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, 24 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 20 full bathrooms. There are also 20 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 1260 East 2nd Street has a total of 14,293 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 2,110 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - B. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1260 East 2nd Street sold most recently in Mar 22, 2022 for a total of $12,685,000. If you work out the math, that's approximately a cost of $887.50 per sqft. Before that, the property was also sold for $11,000,000 in May 30, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $84,875 in taxes each year. 1260 East 2nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $7,375,059. If we break it down further, the land itself was valued at $4,386,000. Improvements to the property, however, were assessed at a total of $2,989,059. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 24
  • Bathroom Count: 20
  • Full Bathrooms: 20
  • Partial Bathrooms: 20
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 20
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 2,110
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,380
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 820
  • Total Building Area: 14,293
  • Gross Building Area: 14,293
  • Building Area: 14,293
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 14,293
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALAMITOS BEACH TOWNSITE
  • Land Acres: 0.284
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: ALAMITOS BEACH TOWNSITE E 27.5 FT OF LOT 7 AND ALL OF LOT/SEC 8 BLK/DIV/TWN 63

Ownership

  • Current Owner : GULTON COURT LP
  • Previous Owner : GARCIA FAMILY TRUST
  • Owner Before Previous Owner: PRC NEWPORT LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 576601

Zoning

  • Zoning: LBR4R

Geography

  • Assessors Map Reference: 75-D5
  • Parcel: 7265-011-009
  • Block: 63
  • Lot: 7
  • Municipality: SOUTH /ALAMITOS/CARROLL
  • Latitude: 33.7674
  • Longitude: -118.176

    Address

  • Full Address: 1260 E 2nd St
  • Address - House Number: 1260
  • Street Direction: E
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C008
  • 4-Digit Zip Code: 5770
  • Zip Code: 90802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $84,875
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.1164
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 76
  • Final Value: 4,093,729
  • High Value: 4,570,480
  • Low Value: 3,616,977

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,454,550
  • First Open Lien Mortgage Lender: BANK OF HEMET
  • First Open Lien Mortgage Recording Date: Apr 26, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,454,550
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,375,059
  • Assessed Land Value: $4,386,000
  • Assessed Improvements Value: $2,989,059

    Sales

  • Current Sale Contract Date: Mar 22, 2022
  • Current Sale Recording Date: Apr 26, 2022
  • Current Sale Transaction ID: 11887245919
  • Current Sale Price: $12,685,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 451429
  • Previous Sale Recording Date: Jun 07, 2019
  • Previous Sale Contract Date: May 30, 2019
  • Previous Sale Amount: $11,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF HEMET
  • First Mortgage Transaction Date: Apr 26, 2022
  • First Mortgage Loan Amount: $5,454,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FEDERAL SAVINGS BANK
  • Previous Mortgage Transaction Date: Jun 07, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $4,235,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jun 01, 2049

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Frequently Asked Questions

What neighborhood is 1260 East 2nd Street located in?
The 1260 East 2nd Street is a located in the neighborhood of Bixby Park in Bixby Park, Long Beach.
What is the average sales price for listings in 1260 East 2nd Street?
The average sales price for units in 1260 East 2nd Street is $0 currently.

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