NOT LISTED FOR SALE

1022 Walnut Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $825,000 - $1,086,319

6 Beds
4 Baths
2,310 Sq Ft
$402/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $785,000 $340 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,568/month

61 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 2 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Tile Flooring
  • 1-Story Property

About This Home

As of August 2024

Calling all INVESTORS and EXPERIENCED LANDLORDS to this 2 units gem in Long Beach. The units' living quarters are detached and occupied by long-term tenants and they would love to stay. Each unit has three bedrooms, 2 baths, and a two-car garage. The real highlights of these units lie in their potential rental incomes once they are refurbished. Both units need updating. SOLD-AS-IS, WHERE-IS. Bring your imagination. 5-minute drive to the beach and is close to shopping centers and schools. DO NOT DISTURB THE TENANTS. BUYER TO TAKE OVER BOTH TENANTS AT THE CLOSE OF ESCROW.

Last Agent to Sell the Property

Sotheary Sar

Re/Max Top Producers Brokerage Phone: 562-822-9229 License #02076450 Listed on: 05/10/2024

Re/Max Top Producers

Co-Listed By

Sophinarath Cheang Ok

Re/Max Top Producers Brokerage Phone: 562-822-9229 License #02062473

Last Buyer's Agent

David Saim

California Financial & RE Ctr License #02190519

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,086 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 2,310 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 7267011006
  • $558 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7267011006
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Entry Level: 1
  • Price Per Square Foot: 339.83

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6086.00
  • Lot Size Acres: 0.1397
  • Latitude Manual: 33.77948300

Multi Family

  • Lot Size Area: 6086.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5764.03
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 558.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Aug 5, 2024
Sold by
Chiem-Ngoy Sophia and Chiem-Ngoy Kevin
Bought by
Chum Richard Leng
Seller's Agent
Sotheary Sar
Re/Max Top Producers
Buyer's Agent
David Saim
California Financial & RE Ctr
List Price
$700,000
Sold Price
$785,000
Premium/Discount to List
$85,000
12.14%
Views
33
Current Estimated Value
$928,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,080
Avg. Annual Appreciation
12.24%
Original Mortgage
$628,000
Outstanding Balance
$620,310
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$307,770

Purchase Details

Closed on
Aug 3, 2010
Sold by
Ngoy Rithy
Bought by
Ngoy Sophia C

Purchase Details

Closed on
Apr 24, 2003
Sold by
Ruiz Enrique J
Bought by
Ngoy Rithy and Ngoy Sophia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Interest Rate
5.71%

Purchase Details

Closed on
Apr 11, 2002
Sold by
Diaz Jose M
Bought by
Ruiz Enrique J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
7.18%

Purchase Details

Closed on
Dec 19, 2001
Sold by
Diaz Rebecca
Bought by
Diaz Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.84%

Purchase Details

Closed on
Dec 12, 2001
Sold by
Bank Of America National Trust & Svgs As
Bought by
Ruiz Enrique J and Diaz Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.84%

Purchase Details

Closed on
Jul 17, 2001
Sold by
Minahan Thomas S and Minahan Barbara A
Bought by
Bank Of America National Tr & Svgs Assn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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 Buyer Sale Price Title Company
Chum Richard Leng $785,000 Lawyers Title Company
Chiem-Ngoy Kevin -- Lawyers Title Company
Ngoy Sophia C -- None Available
Ngoy Rithy $326,000 First American Title Co
Ruiz Enrique J $183,000 First American Title Ins Co
Diaz Jose M -- First American Title Ins Co
Ruiz Enrique J $106,500 --
Bank Of America National Tr & Svgs Assn $101,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chum Richard Leng $628,000
Previous Owner Ngoy Rithy $244,500
Previous Owner Ruiz Enrique J $183,000
Previous Owner Ruiz Enrique J $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2024 08/12/24 Sold $785,000 +12.1% $340 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $700,000 0.0% $303 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $700,000 -- $303 / 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 $8,988 $785,000 $485,000 $300,000
2024 $8,988 $678,796 $399,214 $279,582
2023 $8,839 $665,487 $391,387 $274,100
2022 $5,835 $444,904 $207,438 $237,466
2021 $5,712 $436,181 $203,371 $232,810
2020 $5,697 $431,709 $201,286 $230,423
2019 $5,632 $423,245 $197,340 $225,905
2018 $5,393 $414,947 $193,471 $221,476
2016 $4,953 $398,836 $185,959 $212,877
2015 $4,757 $392,846 $183,166 $209,680
2014 $4,731 $385,152 $179,579 $205,573
Source: Public Records

Agents Affiliated with this Home

  • Sotheary Sar

    Seller's Agent in 2024

    Sotheary Sar

    RE/MAX

    (562) 822-9229

    1 in this area

    64 Total Sales

    Sotheary Sar
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Sophinarath Cheang Ok

    RE/MAX

    (562) 810-9090

    1 in this area

    69 Total Sales

    Sophinarath Cheang Ok
    Section Image

  • D

    Buyer's Agent in 2024

    David Saim

    California Financial & RE Ctr

    (562) 522-3245

    1 in this area

    5 Total Sales

    David Saim
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24091637

California Regional Multiple Listing Service (CRMLS)

APN: 7267-011-006

California Los Angeles County Long Beach 90813 Hellman

1022 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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