NOT LISTED FOR SALE

Estimated Value: $1,159,000 - $1,338,000

8 Beds
4 Baths
3,808 Sq Ft
$328/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $1,100,000 $289 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,807/month

97 Days on Market

Highlights

  • Multi-Level Bedroom
  • Traditional Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 5-minute walk to NAACP Freedom Park

About This Home

As of June 2022

Excellent opportunity for Investors. Fully occupied quadruplex in a residential neighborhood located just a few miles West of Cal State Long Beach University and North of the Queen Mary, and only two blocks North West of Long Beach City College, Pacific Coast Campus. Conveniently located just a few miles East of 710 Freeway and South of 405 Freeway. The property is sols AS IS. Buyer(s) and Buyer(s)'s agent is advised to do their own due diligence to satisfy all necessary information.

Last Agent to Sell the Property

Pierre Hoang

Galaxy Realty & Investment License #01084409 Listed on: 11/08/2021

Co-Listed By

Luong Truong

Galaxy Realty & Investment License #01713732

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,807

Year Built

  • Built in 1963

Lot Details

  • 6,494 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Quadruplex
  • Composition Roof
  • Common Roof

Interior Spaces

  • 3,808 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Carpet
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Multi-Level Bedroom
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Detached Carport Space
  • Parking Available
  • Tandem Garage
  • Driveway

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Legal Lot and Block 40 / 1
  • Tax Tract Number 5733
  • Assessor Parcel Number 7210024025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $3,600
  • Gross Income $300
  • Net Operating Income $54,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,807

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: HILL STREET TRACT
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7210024025
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 288.87
  • Room Type: Living Room, Multi-Level Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Common Roof, Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport, Driveway, Tandem Garage, Tandem Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Paved
  • Lot Size Sq Ft: 6494.00
  • Lot Size Acres: 0.1491

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 300.00
  • Gross Operating Income: 57900.00
  • Gross Scheduled Income: 57900.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 300.00
  • Lot Size Area: 6494.0000 Square Feet
  • Net Operating Income: 54300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 3600.00

Tax Info

  • Tax Area: 4-989
  • Tax Block: 1
  • Tax Census Tract: 5733.00
  • Tax Lot: 40
  • Tax Tract Number: 5733
  • Tax Annual Amount: 9807.00
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2022
Sold by
Thuthao Tran Jenny
Bought by
Lsc Families Llc
Current Estimated Value
$1,249,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Vanpham Thai Van and Nguyen Dinh Kieu
Bought by
Nguyen Thank Khuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2002
Sold by
Simmons Scott
Bought by
Vanvanpham Thai Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.16%

Purchase Details

Closed on
Nov 20, 1996
Sold by
Simmons Scott and Rowley Cassandra
Bought by
Simmons Scott

Purchase Details

Closed on
Nov 27, 1995
Sold by
Andrews Darryl R and Andrews Tanya Jo
Bought by
Simmons Scott and Rowley Cassandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,501
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 1992
Sold by
Harlan Howard H and Harlan Sonya G
Bought by
Andrews Darryl R
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
Lsc Families Llc $1,100,000 Western Resources Title
Nguyen Thank Khuong $585,000 Orange Coast Title Company
Vanvanpham Thai Van $360,000 Gateway Title
Simmons Scott -- --
Simmons Scott $148,000 First American Title Co
Andrews Darryl R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lsc Families Llc $600,000
Previous Owner Nguyen Thank Khuong $385,000
Previous Owner Vanvanpham Thai Van $270,000
Previous Owner Simmons Scott $145,501
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2022 06/16/22 Sold $1,100,000 -12.0% $289 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
11/08/2021 11/08/21 For Sale $1,250,000 -- $328 / 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 $15,125 $1,167,328 $530,604 $636,724
2024 $15,125 $1,144,440 $520,200 $624,240
2023 $14,871 $1,122,000 $510,000 $612,000
2022 $10,022 $768,394 $328,372 $440,022
2021 $9,807 $753,329 $321,934 $431,395
2019 $9,667 $730,986 $312,386 $418,600
2018 $9,360 $716,654 $306,261 $410,393
2016 $8,602 $688,827 $294,369 $394,458
2015 $8,263 $678,481 $289,948 $388,533
2014 $8,218 $665,192 $284,269 $380,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21244325

California Regional Multiple Listing Service (CRMLS)

APN: 7210-024-025