NOT LISTED FOR SALE
32 Beds
32 Baths
13,376 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: October 13, 2023

Last sale price $4,790,000 $358 Per Sq Ft

176 Days on Market

About This Home

As of October 2023

This 16 unit investment property is located within the premier rental market of Long Beach. This welcoming and secure gated community provides a safe and quiet home for tenants. The two contiguous buildings are on two parcels, making on-site management optional for the owner. See the offering memorandum for property and investment details.

Last Agent to Sell the Property

Trey Mitchell

CB Richard Ellis, Inc. License #02060609 Listed on: 04/20/2023

Last Buyer's Agent

Kellie Guiga

Commonwealth Bancorp License #01295444

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 11,712 Sq Ft Lot

Interior Spaces

  • 13,376 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 32 Bathrooms

Parking

  • 24 Parking Spaces
  • 24 Covered Spaces
  • Covered Parking

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 7262-005-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 13376
  • Lot Acreage: 0.1344
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 32.00
  • Price Per S Q F T: 392.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 24
  • Parking Garage: Covered Parking
  • Total Parking: 24

Lot Info

  • Assessed Improvement Percent: 38.78
  • Assessed Improvement Value: 969000
  • Assessed Land Percent: 61.22
  • Assessed Land Value: 1530000
  • Total Assessed Value: 2499000
  • Assessor Parcel Number: 7262-005-012
  • Lot Size Area: 11712

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.89
  • Number Of Units: 16
  • Type Of Units: apartments

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,672,300
Interest Rate
0.0696%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,430,000
Interest Rate
0.028%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
0.0325%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
0.0325%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2014
Sold by
Bought by

Purchase Details

Listed on
Sep 25, 2013
Closed on
Dec 3, 2013
Sold by
Bought by
Seller's Agent
Drew Baker
Remco - A. R. E. & Mgmt. Co.
Buyer's Agent
Drew Baker
Remco - A. R. E. & Mgmt. Co.
List Price
$1,195,000
Sold Price
$1,200,000
Premium/Discount to List
$5,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0432%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 31, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0432%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 17, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,250
Interest Rate
0.0786%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$4,790,000 Chicago Title Company
$4,900,000 First American Title
-- Wfg Title Company Of Ca
-- Wfg Title Company Of Ca
-- Wfg Title Company Of Ca
-- None Available
-- Lawyers Title
$1,200,000 Lawyers Title
$797,500 Chicago Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,672,300
Previous Owner $3,430,000
Previous Owner $1,190,000
Previous Owner $900,000
Previous Owner $523,250
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 Prior Sale
10/13/2023 10/13/23 Sold $4,790,000 -8.8% $358 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $5,250,000 +337.5% $392 / Sq Ft
12/31/2013 12/31/13 Sold $1,200,000 +0.4% $179 / Sq Ft View Prior Sale
10/25/2013 10/25/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $1,195,000 -- $179 / Sq Ft
Source: The MLS

Tax 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.

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 $31,774 $2,442,900 $1,530,000 $912,900
2024 $30,402 $2,395,000 $1,500,000 $895,000
2023 $32,415 $2,548,980 $1,560,600 $988,380
2022 $30,405 $2,499,000 $1,530,000 $969,000
2021 $29,820 $2,450,000 $1,500,000 $950,000
2020 $16,779 $1,349,211 $560,446 $788,765
2019 $16,588 $1,322,838 $549,457 $773,381
2018 $16,138 $1,296,982 $538,684 $758,298
2016 $14,796 $1,242,641 $517,767 $724,874
2015 $14,196 $1,223,976 $509,990 $713,986
2014 $14,131 $1,200,000 $500,000 $700,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-262425

The MLS
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