NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $1,520,000

9 Beds
6 Baths
3,720 Sq Ft
$377/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $1,250,000 $336 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,961/month

124 Days on Market

Highlights

  • Gated Parking
  • Property is near public transit
  • Side by Side Parking
  • Woodrow Wilson High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of February 2023

Attention inventors!!! Huge price reduction!!! 1123 Ohio St. … an amazing triplex … quietly set amidst the charm of the surrounding Zaferia and Rose Park neighborhoods…only 3 or 4 minutes from the beach, plus nearby university, shopping, restaurants and freeways… in Long Beach. All 3 units boast 3 bedrooms and 1.5 bathrooms… each with spacious kitchens opening to dining/ family rooms, big spacious sunfilled living rooms, bathrooms on each level with the upstairs bathroom convenient to all of the bedrooms. The front unit features new flooring & paint. Each unit enjoys it’s own in unit laundry. Gated secured parking accommodates up to 9 cars. Truly an incredible property & investment opportunity!!

Last Agent to Sell the Property

Enny Wiratiya

Century 21 On Target License #01711728 Listed on: 09/03/2022

Century 21 On Target

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc. License #01908153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,619

Year Built

  • Built in 1972

Lot Details

  • 5,855 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Triplex

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Parking Available
  • Side by Side Parking
  • Gated Parking
  • Parking Lot

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Assessor Parcel Number 7260028019

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Eastside Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,200
  • Maintenance Expense $500
  • Water Sewer Expense $2,400
  • Operating Expense $6,100
  • Gross Income $67,440
  • Net Operating Income $63,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,619

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Price Per Unit: 465000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7260028019
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 336.02
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated, Parking Space, Side by Side, Uncovered
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5855.00
  • Lot Size Acres: 0.1344

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 67440.00
  • Gross Scheduled Income: 69840.00
  • Insurance Expense: 3200.00
  • Lot Size Area: 5855.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 63740.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 6100.00
  • Rent Control: Yes
  • Total Expenses: 6100.00

Tax Info

  • Tax Census Tract: 5769.03
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2022
Closed on
Jan 19, 2023
Sold by
Hunkea Tan Ann
Bought by
Tu Yao-Wen and Lin Pam Pei
Seller's Agent
Enny Wiratiya
Century 21 On Target
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc.
List Price
$1,559,000
Sold Price
$1,250,000
Premium/Discount to List
-$309,000
-19.82%
Views
15
Current Estimated Value
$1,401,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,273
Avg. Annual Appreciation
4.66%
Original Mortgage
$937,500
Outstanding Balance
$908,085
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$493,188

Purchase Details

Closed on
Feb 27, 1996
Sold by
Glendale Federal Bank Fsb
Bought by
Tan Ann Hunkea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 29, 1996
Sold by
Henry Lisa and Glendale Federal Bank Fsb
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.05%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Tu Yao-Wen $1,250,000 Usa National Title
Tan Ann Hunkea $165,000 Fidelity National Title Ins
Glendale Federal Bank Fsb $180,943 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tu Yao-Wen $937,500
Previous Owner Tan Ann Hunkea $235,800
Previous Owner Tan Ann Hunkea $242,000
Previous Owner Tan Ann Hunkea $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $1,250,000 -10.4% $336 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
11/29/2022 11/29/22 Price Changed $1,395,000 -3.8% $375 / Sq Ft
10/23/2022 10/23/22 Price Changed $1,450,000 -7.0% $390 / Sq Ft
09/03/2022 09/03/22 For Sale $1,559,000 -- $419 / 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 $16,619 $1,300,500 $728,280 $572,220
2024 $16,619 $1,275,000 $714,000 $561,000
2023 $4,068 $263,440 $127,727 $135,713
2022 $3,841 $258,275 $125,223 $133,052
2021 $3,741 $253,212 $122,768 $130,444
2019 $3,689 $246,304 $119,128 $127,176
2018 $3,500 $241,488 $116,793 $124,695
2016 $3,202 $231,535 $112,258 $119,277
2015 $3,006 $228,058 $110,572 $117,486
2014 $3,001 $223,592 $108,407 $115,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22169440

California Regional Multiple Listing Service (CRMLS)

APN: 7260-028-019