Seller's Agent in 2022
Gustavo Arias
First Team Real Estate
(323) 819-0035
2 in this area
36 Total Sales
1017 E Rhea St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $859,000 - $952,000
5
Beds
4
Baths
1,558
Sq Ft
$581/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Tile Flooring
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 3-minute walk to Martin Luther King Jr Park
About This Home
As of February 2022Back on the Market. Buyer did not perform. This triplex consists of a front house with 3 bedrooms, 2 bathrooms, a detached 2-car garage, and a separate building with two one bed, one bath units in the back. Two-car garage could be a possible ADU (buyer to do their own due diligence on the possibility of ADU). The front house bathrooms and kitchen were recently upgraded. Each unit enjoys a private yard and their own private access. The kitchen of 1021 was also upgraded about 2 years ago. The roof was redone in 2011 with 30 year shingles. All tenants are long term, are current on rent, and have never missed rent or paid late. A long driveway provides additional parking for several cars. Close to schools including LBCC, restaurants, transportation, and major employers. Great opportunity for an investor to add to their portfolio with a solid investment, or for a buyer that would like to live in one unit and use the rental income to help with the mortgage.
Last Agent to Sell the Property
First Team Real Estate License #01889399 Listed on: 10/19/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,890
Year Built
- Built in 1953
Lot Details
- 6,017 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in fair condition
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- Colonial Architecture
- Property Attached
- Cosmetic Repairs Needed
- Brick Foundation
- Mixed Roof Materials
- Stucco
Interior Spaces
- 1,558 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 15
- Tax Tract Number 3243
- Assessor Parcel Number 7210020017
- $569 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Poly High Subdivision
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $480
- Insurance Expense $1,100
- Maintenance Expense $2,000
- Water Sewer Expense $1,176
- Operating Expense $3,656
- Gross Income $43,500
- Net Operating Income $33,680
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2021
Closed on
Feb 24, 2022
Sold by
Kyle And Tess Thormodsgaard Family Trust
Bought by
Sattar Abdul and Abdul Abdur R
Seller's Agent
Gustavo Arias
First Team Real Estate
Buyer's Agent
Saleha Hoque
Amberwood Real Estate
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,469
Avg. Annual Appreciation
2.71%
Original Mortgage
$636,000
Outstanding Balance
$592,817
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$280,234
Purchase Details
Listed on
Oct 19, 2021
Closed on
Feb 22, 2022
Sold by
Sumi Akter
Bought by
Karim Abdul
Seller's Agent
Gustavo Arias
First Team Real Estate
Buyer's Agent
Saleha Hoque
Amberwood Real Estate
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,000
Outstanding Balance
$592,817
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$280,234
Purchase Details
Closed on
Jun 24, 2021
Sold by
Thormodsgaard Kyle O and Thormodsgaard Tess A
Bought by
Kyle And Tess Thormodsgaard Family Trust and Thormodsgaard
Purchase Details
Closed on
Nov 13, 2020
Sold by
Skrindo Properties Llc
Bought by
Thormodsgaard Kyle O and Thormodsgaard Tess
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2017
Sold by
Thormodsgaard Kyle O and Thormodsgaard Tess A
Bought by
Sk Rindo Properties Llc
Purchase Details
Closed on
May 11, 2016
Sold by
Skrindo Properties Llc
Bought by
Thormodsgaard Kyle O and Thormodsgaard Tess A
Purchase Details
Listed on
Nov 8, 2013
Closed on
Mar 28, 2014
Sold by
Thormodsgaard Kyle
Bought by
Skrindo Properties Llc
Seller's Agent
SALVADOR ARMIJO
CARNAVAL REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$425,000
Sold Price
$416,000
Premium/Discount to List
-$9,000
-2.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Purchase Details
Listed on
Nov 8, 2013
Closed on
Dec 10, 2013
Sold by
Arce Julissa
Bought by
Thormodsgaard Kyle
Seller's Agent
SALVADOR ARMIJO
CARNAVAL REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$425,000
Sold Price
$416,000
Premium/Discount to List
-$9,000
-2.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2011
Sold by
Sd Seaport Three Lp
Bought by
Arce Julissa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,902
Interest Rate
5.5%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 18, 2011
Sold by
Brown Dorothy Turner
Bought by
Sd Seaport Three Lp
Purchase Details
Closed on
May 29, 2007
Sold by
Carlton Sharon Byrd
Bought by
Brown Dorothy Turner
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
6.37%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sattar Abdul | $795,000 | Lawyers Title | |
| Sattar Abdul | $795,000 | Lawyers Title | |
| Karim Abdul | -- | Lawyers Title | |
| Abdul Abdur R | $226 | Lawyers Title | |
| Karim Abdul | -- | Lawyers Title | |
| Abdul Abdur R | $226 | Lawyers Title | |
| Kyle And Tess Thormodsgaard Family Trust | -- | None Listed On Document | |
| Thormodsgaard Kyle O | -- | Orange Coast Title Company | |
| Sk Rindo Properties Llc | -- | None Available | |
| Thormodsgaard Kyle O | -- | Chicago Title Company | |
| Skrindo Properties Llc | -- | None Available | |
| Thormodsgaard Kyle | $416,000 | Fidelity National Title Co | |
| Arce Julissa | $280,000 | Lawyers Title | |
| Sd Seaport Three Lp | -- | Lawyers Title | |
| Brown Dorothy Turner | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sattar Abdul | $636,000 | |
| Closed | Sattar Abdul | $636,000 | |
| Previous Owner | Thormodsgaard Kyle O | $345,500 | |
| Previous Owner | Thormodsgaard Kyle O | $351,400 | |
| Previous Owner | Thormodsgaard Kyle | $312,000 | |
| Previous Owner | Arce Julissa | $272,902 | |
| Previous Owner | Brown Dorothy Turner | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $795,000 | -3.6% | $510 / Sq Ft |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 10/19/2021 10/19/21 | For Sale | $825,000 | +98.3% | $530 / Sq Ft |
| 01/28/2014 01/28/14 | Sold | $416,000 | -2.1% | $267 / Sq Ft |
| 12/04/2013 12/04/13 | Pending | -- | -- | -- |
| 11/08/2013 11/08/13 | For Sale | $425,000 | -- | $273 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,890 | $843,659 | $525,297 | $318,362 |
| 2024 | $10,890 | $827,118 | $514,998 | $312,120 |
| 2023 | $11,501 | $810,900 | $504,900 | $306,000 |
| 2022 | $6,312 | $480,537 | $231,027 | $249,510 |
| 2021 | $6,182 | $471,116 | $226,498 | $244,618 |
| 2020 | $6,166 | $466,286 | $224,176 | $242,110 |
| 2019 | $6,094 | $457,144 | $219,781 | $237,363 |
| 2018 | $5,872 | $448,181 | $215,472 | $232,709 |
| 2016 | $5,408 | $430,780 | $207,106 | $223,674 |
| 2015 | $5,195 | $424,311 | $203,996 | $220,315 |
| 2014 | $3,703 | $286,896 | $204,926 | $81,970 |
Source: Public Records
Agents Affiliated with this Home
-
Gustavo Arias
-
Saleha Hoque
S
Buyer's Agent in 2022
Saleha Hoque
Amberwood Real Estate
(562) 381-3872
1 in this area
3 Total Sales
-
SALVADOR ARMIJO
Seller's Agent in 2014
SALVADOR ARMIJO
CARNAVAL REALTY
(626) 290-0373
15 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2014
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
4 in this area
5,818 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21231654
APN: 7210-020-017
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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