$1,056,000
SOLD OCT 28, 2024
8 Beds
5 Baths
3,209 Sq Ft
6,507 Sq Ft Lot

Recently Sold

$329 Per Sq Ft

7% Below List Price

75 Days on Market

Highlights

  • Fireplace in Kitchen
  • Victorian Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of October 2024

Few Blocks from the ocean, these three units on a 6,507 sq ft lot in Long Beach. No shared walls! Each unit is a free-standing, separate bungalow and feels like its own house.
The front house has original charm. Two stories, remodeled kitchen with granite counters and stainless appliances, claw foot bathtub in the upstairs bath, large living room with wood floors, large, attached laundry room with extra storage, walk-in closets, and gated front yard. The front house is 3 bed, 3 bath, 1,431 sq ft.
The two back houses were built in the 1950s. One is 3 bed, 2 bath (currently vacant). The other is 2 bed, 1 bath. They have new vinyl windows and new roofs with gutters. Both have newer forced air heaters and water heaters.
The lot feels private and safe. A wood fence provides privacy. The front and back yards are no-maintenance artificial turf. All homes have newer exterior paint.
This property is an excellent income-generating investment for an investor or owner-occupant looking for steady income from units that are easy to rent.
There are many commercial buildings and churches near so street parking is available.
THIS PROPERTY QUALIFIES FOR COMMUNITY INCENTIVE PROGRAM WITH REDUCED INTEREST RATES.

Last Agent to Sell the Property

Mylene Le Bail

Keller Williams Pacific Estate Brokerage Phone: 562-489-5433 License #01364484 Listed on: 07/17/2024

Keller Williams Pacific Estate

Last Buyer's Agent

Marc Habib

Buckingham Investments, Inc License #02207264

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,835

Year Built

  • Built in 1911

Lot Details

  • 6,507 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Back and Front Yard

Home Design

  • Triplex
  • Victorian Architecture
  • Entry on the 1st floor
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,209 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Neighborhood Views
  • Fireplace in Kitchen
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, grounds care, gas, telephone, trash collection, water
  • Legal Lot and Block 12 / 13
  • Assessor Parcel Number 7274012012
  • $782 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,279
  • Other Expense $7,227
  • Water Sewer Expense $725
  • Operating Expense $11,231
  • Gross Income $1
  • Net Operating Income $41,419

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,835

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Price Per Unit: 380000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 725.00
  • Zoning: LBR4R
  • Architectural Style: Victorian
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7274012012
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Dining Room, Kitchen, Living Room
  • Price Per Square Foot: 329.07

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6507.00
  • Lot Size Acres: 0.1494

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Grounds Care, Gas, Telephone, Trash Collection, Water

Multi Family

  • Gross Income: 1.00
  • Gross Scheduled Income: 52620.00
  • Insurance Expense: 3279.00
  • Lot Size Area: 6507.0000 Square Feet
  • Net Operating Income: 41419.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 11231.00
  • Other Expense: 7227.00
  • Other Expense Description: taxes
  • Rent Control: Yes
  • Total Expenses: 11231.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 5763.02
  • Tax Lot: 12
  • TaxOtherAnnualAssessmentAmount: 782.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Oct 4, 2024
Sold by
Brower Mark A and Siccardi Maria
Bought by
Miller David T and Miller Danielle B
Seller's Agent
Mylene Le Bail
Keller Williams Pacific Estate
Buyer's Agent
Marc Habib
Buckingham Investments, Inc
List Price
$1,140,000
Sold Price
$1,056,000
Premium/Discount to List
-$84,000
-7.37%
Views
32
Current Estimated Value
$1,061,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,506
Avg. Annual Appreciation
-0.42%
Original Mortgage
$844,800
Outstanding Balance
$837,364
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$214,767

Purchase Details

Listed on
Jun 29, 2012
Closed on
Oct 25, 2012
Sold by
Prather Mark D and Prather Mary M
Bought by
Brower Mark A and Siccardi Maria
Seller's Agent
Mark Prather
ERA Buy America Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$499,000
Sold Price
$470,000
Premium/Discount to List
-$29,000
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$352,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2012
Sold by
Prather Mark
Bought by
Prather Mark D and Prather Mary M

Purchase Details

Closed on
May 17, 2011
Sold by
Prather Mark and Prather Mary
Bought by
Prather Mark and Prather Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 11, 2010
Sold by
Prather Mark
Bought by
Prather Mark and Prather Mary

Purchase Details

Closed on
Jun 4, 2010
Sold by
Miller Demetra
Bought by
Prather Mark

Purchase Details

Closed on
Jan 19, 2009
Sold by
Miller Demetra
Bought by
Quest Mortgage Fund Llc

Purchase Details

Closed on
Dec 12, 2003
Sold by
Miller Etta L and Miller Demetra
Bought by
Miller Demetra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,056,000 Fidelity National Title
Grant Deed $470,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lsi
Interfamily Deed Transfer -- Pacific Coast Title Company
Grant Deed $348,500 Pacific Coast Title Company
Interfamily Deed Transfer -- Pacific Coast Title Company
Grant Deed -- Pacific Coast Title Company
Trustee Deed $37,720 Accommodation
Interfamily Deed Transfer -- Ticor Title San Bernardino
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $844,800 New Conventional
Previous Owner $352,500 New Conventional
Previous Owner $169,000 Adjustable Rate Mortgage/ARM
Previous Owner $32,500 Credit Line Revolving
Previous Owner $487,500 Unknown
Previous Owner $390,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $1,056,000 0.0% $329 / Sq Ft
10/28/2024 10/28/24 Sold $1,056,000 -7.4% $329 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/30/2024 09/30/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $1,140,000 0.0% $355 / Sq Ft
07/17/2024 07/17/24 For Sale $1,140,000 +142.6% $355 / Sq Ft
11/05/2012 11/05/12 Sold $470,000 -5.8% $146 / Sq Ft
09/18/2012 09/18/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $499,000 -- $156 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,835 $1,056,000 $700,000 $356,000
2024 $7,835 $567,411 $398,397 $169,014
2023 $7,704 $556,286 $390,586 $165,700
2022 $7,247 $545,379 $382,928 $162,451
2021 $7,090 $534,686 $375,420 $159,266
2020 $7,071 $529,204 $371,571 $157,633
2019 $6,990 $518,829 $364,286 $154,543
2018 $6,700 $508,657 $357,144 $151,513
2016 $6,154 $488,908 $343,277 $145,631
2015 $5,913 $481,565 $338,121 $143,444
2014 $5,883 $472,133 $331,498 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24125597

California Regional Multiple Listing Service (CRMLS)

APN: 7274-012-012