NOT LISTED FOR SALE

Estimated Value: $614,000 - $790,000

3 Beds
2 Baths
1,222 Sq Ft
$582/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $581,666 $476 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,544/month

104 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Stone Countertops
  • Tile Flooring
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 3-minute walk to Douglas Macarthur Park

About This Home

As of June 2021

Great investment opportunity !! Craftsman style Duplex near DTLB with positive cash flow and the opportunity to grow. The main unit is a 2/1 and 862 square feet plus there is a back unit that is a 1 bedroom with another 360 square feet. Each unit has its own water, electric and gas meter, and the property is very low maintenance. In addition, the home has a garage that can be used as extra space and has been rented separately but is now vacant. Located in Long Beach, close to Down Town, the Convention Center, the beach and public transportation, this is a great income property!

Last Agent to Sell the Property

Costanza Genoese Zerbi

eXp Realty of Greater Los Angeles License #01941438 Listed on: 01/21/2021

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Bradley Johnson

Bradley Johnson, Broker License #01896130

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,007

Year Built

  • Built in 1911

Lot Details

  • 4,250 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 1,222 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas Range
  • Stone Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 10
  • Tax Tract Number 2
  • Assessor Parcel Number 7267007019

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $850
  • Operating Expense $850
  • Gross Income $35,400
  • Net Operating Income $34,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,007

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267007019
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Stone Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 476.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4250.00
  • Lot Size Acres: 0.0976

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 35400.00
  • Gross Operating Income: 35400.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 850.00
  • Lot Size Area: 4250.0000 Square Feet
  • Net Operating Income: 34589.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 811.00
  • Rent Control: No
  • Total Actual Rent: 2950.00
  • Total Expenses: 850.00

Tax Info

  • Tax Census Tract: 5764.02
  • Tax Lot: 10
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Jun 21, 2021
Sold by
Gomez Maria S
Bought by
Gomez Jose G
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Bradley Johnson
Bradley Johnson, Broker
List Price
$589,000
Sold Price
$581,666
Premium/Discount to List
-$7,334
-1.25%
Current Estimated Value
$711,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,790
Avg. Annual Appreciation
5.61%
Original Mortgage
$571,129
Outstanding Balance
$518,211
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$211,801

Purchase Details

Listed on
Jan 21, 2021
Closed on
May 10, 2021
Sold by
Cohen Adi
Bought by
Gomez Jose G and Gallardo Faviola Gomez
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Bradley Johnson
Bradley Johnson, Broker
List Price
$589,000
Sold Price
$581,666
Premium/Discount to List
-$7,334
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,129
Outstanding Balance
$518,211
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$211,801

Purchase Details

Closed on
Nov 21, 2017
Sold by
Cohen Adi and Horev Adi Cohen
Bought by
The Adi Cohen Living Trust

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jul 13, 2015
Sold by
Horev Yadin
Bought by
Horev Adi Cohen
Seller's Agent
Denise Wendland
Coldwell Banker Kivett-Teeters
Buyer's Agent
Craig Paul
No Firm Affiliation
List Price
$360,000
Sold Price
$345,000
Premium/Discount to List
-$15,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$276,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jun 22, 2015
Sold by
Jaimez Angel and Jaimez Aurora
Bought by
Horev Adi Cohen
Seller's Agent
Denise Wendland
Coldwell Banker Kivett-Teeters
Buyer's Agent
Craig Paul
No Firm Affiliation
List Price
$360,000
Sold Price
$345,000
Premium/Discount to List
-$15,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2003
Sold by
Jaimez Norma
Bought by
Jaimez Angel and Jaimez Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1994
Sold by
Alvarez Siao Shirley
Bought by
Siao Kelvin

Purchase Details

Closed on
Sep 27, 1993
Sold by
Jaimez Angel and Jaimez Aurora
Bought by
Jaimez Angel and Jaimez Aurora
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gomez Jose G -- Stewart Title Of Ca Inc
Gomez Jose G $582,000 Stewart Title Company
The Adi Cohen Living Trust -- None Available
Horev Adi Cohen -- First American Title Company
Horev Adi Cohen $345,000 First American Title Company
Jaimez Angel -- United Title
Siao Kelvin -- California Counties Title
Jaimez Angel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Jose G $571,129
Previous Owner Horev Adi Cohen $276,000
Previous Owner Jaimez Angel $248,500
Previous Owner Jaimez Angel $245,000
Previous Owner Jaimez Angel $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $581,666 -1.2% $476 / Sq Ft
01/21/2021 01/21/21 For Sale $589,000 +70.7% $482 / Sq Ft
08/04/2015 08/04/15 Sold $345,000 -4.2% $282 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $360,000 -- $295 / 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 $8,007 $629,606 $411,324 $218,282
2024 $8,007 $617,261 $403,259 $214,002
2023 $7,871 $605,158 $395,352 $209,806
2022 $7,471 $593,293 $387,600 $205,693
2021 $4,890 $377,304 $267,941 $109,363
2020 $4,877 $373,436 $265,194 $108,242
2019 $4,821 $366,115 $259,995 $106,120
2018 $4,645 $358,938 $254,898 $104,040
2017 $4,596 $351,900 $249,900 $102,000
2016 $4,276 $345,000 $245,000 $100,000
2015 $2,398 $194,953 $92,816 $102,137
2014 $2,390 $191,135 $90,998 $100,137
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21013979

California Regional Multiple Listing Service (CRMLS)

APN: 7267-007-019