1124 E Hellman St Long Beach, CA 90813
Hellman Neighborhood
10
Beds
5
Baths
3,000
Sq Ft
6,969
Sq Ft Lot
Highlights
- Fishing
- Property is near public transit
- 3 Car Garage
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 2-minute walk to Craftsman Village Park
About This Home
As of September 2024Back on the Market 07/05/2024. California Dreamin' Own a Piece of the Future in Long Beach!
This captivating detached fourplex offers a unique opportunity for investors and owner-occupants alike. Nestled in the heart of vibrant Downtown, Long Beach, this California Bungalow property boasts an approx. 3,000 square feet, a fantastic walkable location near the Beach and 3 individual Garages+
The crown jewel is the stunning main house, newly remodel in 2017. This 4-bedroom, 2-bathroom residence offers modern living with a touch of classic California charm. Perfect for an owner-occupant, it provides a comfortable and stylish home base.
But that's not all! Three additional units, each with 2 bedrooms and 1 bathroom, create a steady rental income stream. With one unit currently vacant, this property presents an ideal scenario for first-time homebuyers seeking an FHA financing option or a savvy investor looking to expand their portfolio.
The cherry on top? This exceptional property resides in an Opportunity Zone, offering potential tax benefits.
Don't miss this chance to own a piece of the future in a thriving community! Contact us today to schedule a showing.
Last Agent to Sell the Property
Good Opportunity Company Inc. Brokerage Phone: 323-395-6485 License #01914785 Listed on: 05/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,655
Year Built
- Built in 1923
Lot Details
- 6,969 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
Interior Spaces
- 3,000 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 6
- Tax Tract Number 1
- Assessor Parcel Number 7266003007
- $8,506 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
- Downtown Subdivision
Recreation
- Fishing
- Dog Park
- Bike Trail
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,173
- Trash Expense $616
- Water Sewer Expense $4,560
- Operating Expense $5,794
- Gross Income $137,956
- Net Operating Income $68,429
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Aug 22, 2024
Sold by
Oh Jenny
Bought by
Cabrera Juan J Rivera and Rivera Alonso
Seller's Agent
Coral Romero
Good Opportunity Company Inc.
Buyer's Agent
Jesse Blanchet
New Century Realtors
List Price
$1,390,000
Sold Price
$1,390,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,662
Avg. Annual Appreciation
-4.15%
Original Mortgage
$1,042,500
Outstanding Balance
$1,032,383
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$303,955
Purchase Details
Listed on
May 13, 2024
Closed on
Aug 19, 2024
Sold by
Castillo Mayra Silvia Anardo
Bought by
Cabrera Juan J Rivera
Seller's Agent
Coral Romero
Good Opportunity Company Inc.
Buyer's Agent
Jesse Blanchet
New Century Realtors
List Price
$1,390,000
Sold Price
$1,390,000
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,042,500
Outstanding Balance
$1,032,383
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$303,955
Purchase Details
Closed on
Feb 11, 2014
Sold by
Nino Alberto and Nino Susana
Bought by
Oh Jenny
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.34%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 28, 2002
Sold by
Nino Susana and Medina Susanna
Bought by
Nino Alberto and Nino Susana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9.25%
Purchase Details
Closed on
Jul 24, 1997
Sold by
Lamorte Ronald T and La Morte Robert F
Bought by
Medina Susanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,755
Interest Rate
7.34%
Mortgage Type
FHA
Similar Homes in Long Beach, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,390,000 | Pacific Coast Title | |
| Gift Deed | -- | Pacific Coast Title | |
| Grant Deed | $440,000 | Priority Title Company | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $158,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,042,500 | New Conventional | |
| Previous Owner | $600,000 | New Conventional | |
| Previous Owner | $299,000 | New Conventional | |
| Previous Owner | $302,600 | New Conventional | |
| Previous Owner | $308,000 | New Conventional | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $232,000 | Unknown | |
| Previous Owner | $216,000 | No Value Available | |
| Previous Owner | $154,755 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $1,390,000 | 0.0% | $463 / Sq Ft |
| 07/25/2024 07/25/24 | Pending | -- | -- | -- |
| 07/05/2024 07/05/24 | For Sale | $1,390,000 | 0.0% | $463 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $1,390,000 | -- | $463 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,655 | $1,390,000 | $900,000 | $490,000 |
| 2024 | $8,655 | $624,371 | $372,560 | $251,811 |
| 2023 | $8,507 | $612,129 | $365,255 | $246,874 |
| 2022 | $8,001 | $600,128 | $358,094 | $242,034 |
| 2021 | $7,829 | $588,362 | $351,073 | $237,289 |
| 2020 | $7,809 | $582,330 | $347,474 | $234,856 |
| 2019 | $7,719 | $570,912 | $340,661 | $230,251 |
| 2018 | $6,831 | $512,698 | $333,982 | $178,716 |
| 2016 | $6,287 | $492,791 | $321,014 | $171,777 |
| 2015 | $5,611 | $448,790 | $316,193 | $132,597 |
| 2014 | $2,660 | $182,347 | $110,713 | $71,634 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Coral Romero
Good Opportunity Company Inc.
(323) 395-6485
1 in this area
41 Total Sales
-
Buyer's Agent in 2024
Jesse Blanchet
New Century Realtors
(714) 235-2747
1 in this area
59 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24096231
APN: 7266-003-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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