NOT LISTED FOR SALE

Estimated Value: $810,843 - $898,000

4 Beds
2 Baths
1,618 Sq Ft
$527/Sq Ft Est. Value

Sale Details

Date Sold: June 8, 2018

Last sale price $600,000 $371 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,489 / mo

7 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • Vinyl Fence
  • Living Room
  • Turnkey
  • Wall Furnace

About This Home

As of June 2018

Attention all investors and smart buyers! Here's an excellent opportunity to obtain income property with this well cared for Spanish duplex in a quiet Long Beach neighborhood. Stable tenants are paying about 10% under market so there is room for potential upside. This Multi-Family is located in the Sutter neighborhood in Long Beach, with easy access to the 710 freeway. this beautiful duplex has 4 beds, 2 baths, approximately 1,618 square feet and was built in 1930. Spanish architecture and recently painted exterior with new custom vinyl fence and gates. Both units have upgraded kitchens with granite counter-tops. Other upgrades include hardwood laminate flooring in one unit, recently replaced water heaters. Both units have upgraded bathrooms. Long term tenants, great investment opportunity that will not last.

Last Agent to Sell the Property

henry vega

Enrique Henry Vega Jr. Broker License #01765081 Listed on: 05/18/2018

Last Buyer's Agent

Annette Froste-Gauchet

Arch Pacific Realty License #02054986

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 4,936 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Turnkey
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,618 Sq Ft Home
  • Living Room
  • Laundry in unit

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 6420
  • Assessor Parcel Number 7132020025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Trash Expense $500
  • Water Sewer Expense $2,000
  • New Taxes Expense $6,737
  • Operating Expense $11,337
  • Gross Income $35,700
  • Net Operating Income $24,363

Property Details

Home Type

Multi-Family

Year Built

Built in 1930 | Remodeled

Lot Details

4,936 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Bixby Knolls (BK)
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7132020025
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Price Per Square Foot: 370.83
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4936.00

Multi Family

  • Gross Income: 35700.00
  • Gross Scheduled Income: 35700.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 24363.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11337.00
  • Rent Control: No
  • Total Expenses: 11337.00

Tax Info

  • New Taxes Expense: 6737.00
  • Tax Census Tract: 5717.01
  • Tax Lot: 24
  • Tax Tract Number: 6420

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $600,000 +11.3% $371 / Sq Ft
05/18/2018 05/18/18 For Sale $539,000 -- $333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18117849

California Regional Multiple Listing Service (CRMLS)

APN: 7132-020-025

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