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1523 East 16th Street

1523 East 16th Street, Long Beach, CA 90813
Sold May 24, 2022
$516,000
$408,000 by Fremont Bank
Mortgage Due Jun 01, 2052
Sold Jan 11, 2022
$394,000
$315,200 by Orchard Funding
Mortgage
1523 East 16th Street has been categorized by the local assessors in Long Beach, CA as a residential type of property. The building on the property was first built in 1924 and is 100 years old. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1523 East 16th Street has 582 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 420 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 1,683 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a flat style roof made of roll composition. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall heating system. The property was last sold in Apr 26, 2022 for $516,000. That's $886.60 per sqft. Prior to that sales transaction, the property was also sold in Dec 20, 2021 for $394,000. 1523 East 16th Street was last assessed in 2023. The total value of the property was assessed at $526,320. Specifically, the land the property is located on was valued at $411,468. While improvements on the property were assessed at a total of $114,852. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $4,559. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,683
  • Lot Size Depth Feet: 420
  • Lot Size Frontage Feet: 400
  • Total Building Area: 582
  • Building Area: 582
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 582
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALAMITOS TRACT
  • Land Acres: 0.039
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ALAMITOS TRACT LOT COM 130 FT W FROM NW COR OF WALNUT AVE AND 16TH ST TH W 40 FT WITH A UNIFORM DEPTH OF 42 FT N PART OF LOT/SEC 48

Ownership

  • Current Owner : MARX DAVID MICHAEL
  • Previous Owner : ONE POINT INC
  • Owner Before Previous Owner: JOURNEY INVESTMENTS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 575201

Zoning

  • Zoning: LBR2N

Geography

  • Assessors Map Reference: 75-E3
  • Parcel: 7268-033-022
  • Lot: 48
  • Municipality: SOUTH /LB/POLY HIGH
  • Latitude: 33.7873
  • Longitude: -118.173

    Address

  • Full Address: 1523 E 16th St
  • Address - House Number: 1523
  • Street Direction: E
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C018
  • 4-Digit Zip Code: 2306
  • Zip Code: 90813

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,559
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 64
  • Final Value: 516,814
  • High Value: 645,517
  • Low Value: 388,111

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $408,000
  • First Open Lien Mortgage Lender: FREMONT BANK
  • First Open Lien Mortgage Recording Date: May 24, 2022
  • First Open Lien Mortgage Loan Amount: $408,000
  • 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: Jun 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $526,320
  • Assessed Land Value: $411,468
  • Assessed Improvements Value: $114,852

    Sales

  • Current Sale Contract Date: Apr 26, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Transaction ID: 11888551251
  • Current Sale Price: $516,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 557236
  • Previous Sale Recording Date: Jan 11, 2022
  • Previous Sale Contract Date: Dec 20, 2021
  • Previous Sale Amount: $394,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREMONT BANK
  • First Mortgage Transaction Date: May 24, 2022
  • First Mortgage Loan Amount: $408,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: ORCHARD FUNDING
  • Previous Mortgage Transaction Date: Jan 11, 2022
  • Previous Mortgage Loan Amount: $315,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 1523 East 16th Street located in?
The 1523 East 16th Street is a located in the neighborhood of Central Long Beach in Central Long Beach, Long Beach.
What is the average sales price for listings in 1523 East 16th Street?
The average sales price for units in 1523 East 16th Street is $0 currently.

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