NOT LISTED FOR SALE

Estimated Value: $1,163,000 - $1,290,281

3 Beds
2 Baths
2,080 Sq Ft
$582/Sq Ft Est. Value

Sale Details

Date Sold: December 30, 2019

Last sale price $925,000 $445 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,705 / mo

29 Days on Market

About This Home

As of December 2019

We are pleased to present a triplex located in the prime area of East Long Beach. Located just south off major thoroughfare East Anaheim Street, the subject property was originally built in 1923 and consists of approximately 2,080 rentable square feet on approximately a 5,811 square foot lot. The buildings consist of one nonconforming 1 bedroom / 1 bathroom unit, a 2 bedroom / 1 bathroom apartment unit, and a 2 bedroom / 1 bathroom front house. Please note that the square footage listed here is only for the two conforming 2 bedroom units. The very large one bedroom non-conforming unit is not included in the square footage listed. The property has undergone many various upgrades recently, including, but not limited to, new flooring, new paint, new doors, new counter tops, new appliances, new electrical breakers and outlets, new water heater, new light fixtures, new landscaping, and a new fence. In addition, there is plenty of onsite parking, with a 2 car garage and multiple open spaces on the premises.
With a Walk Score of 80, this location is deemed to be very walkable where most errands can be accomplished by foot. Due to this, the tenants benefit from the many restaurants, shops and various other entertainment options all within a short distance from the property. This is an incredible opportunity to acquire a highly desirable triplex in one of the most accessible locations in the city and would be a great addition to any investors portfolio.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 10/24/2019

Co-Listed By

Ryan Gonzalez

Lyon Stahl Investment Real Est License #01874815

Last Buyer's Agent

Robert Doeppel

RBD Real Estate Services, INC. License #00879661

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,811 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3696
  • Assessor Parcel Number 7254007014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $771
  • Fuel Expense $771
  • Gardener Expense $720
  • Insurance Expense $546
  • Maintenance Expense $2,125
  • Other Expense $750
  • Trash Expense $771
  • Water Sewer Expense $771
  • New Taxes Expense $12,470
  • Operating Expense $19,695
  • Gross Income $66,000
  • Net Operating Income $44,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,811 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 771.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7254007014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 444.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer, Septic Type Unknown
  • Trash Expense: 771.00
  • 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
  • Lot Size Sq Ft: 5811.00
  • Lot Size Acres: 0.1334

Multi Family

  • Electric Expense: 771.00
  • Fuel Expense: 771.00
  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 546.00
  • Lot Size Area: 5811.0000 Square Feet
  • Maintenance Expense: 2125.00
  • Net Operating Income: 44325.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 19695.00
  • Other Expense: 750.00
  • Other Expense Description: Misc/Res
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 19695.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12470.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 12
  • Tax Tract Number: 3696

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

Listed on
Oct 24, 2019
Closed on
Dec 13, 2019
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Robert Doeppel
RBD Real Estate Services, INC.
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
$1,211,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,570
Avg. Annual Appreciation
4.19%
Original Mortgage
$895,971
Interest Rate
0.0362%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 5, 2019
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2002
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
$400,000
Interest Rate
0.0694%

Purchase Details

Closed on
Aug 10, 2001
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
$283,500
Interest Rate
0.0912%

Purchase Details

Closed on
Apr 3, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$912,500 Ticor Title Company
-- None Available
$508,000 North American Title Co
$315,000 North American Title Co
$103,500 Provident Title
$51,000 Provident 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 $891,232
Closed $895,971
Previous Owner $693,750
Previous Owner $50,000
Previous Owner $494,490
Previous Owner $400,000
Previous Owner $283,500
Previous Owner $185,430
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
12/30/2019 12/30/19 Sold $925,000 0.0% $445 / Sq Ft
10/24/2019 10/24/19 For Sale $925,000 -- $445 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,245 $997,947 $645,248 $352,699
2024 $12,678 $978,381 $632,597 $345,784
2023 $12,469 $959,198 $620,194 $339,004
2022 $11,703 $940,391 $608,034 $332,357
2021 $11,475 $921,953 $596,112 $325,841
2020 $11,445 $912,900 $590,000 $322,900
2019 $8,628 $673,139 $116,531 $556,608
2018 $8,336 $659,949 $114,247 $545,702
2016 $7,665 $633,939 $109,811 $524,128
2015 $7,356 $624,418 $108,162 $516,256
2014 $7,306 $612,188 $106,044 $506,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19250384

California Regional Multiple Listing Service (CRMLS)

APN: 7254-007-014

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