NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,347,369

3 Beds
2 Baths
1,816 Sq Ft
$698/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $1,150,000 $633 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,175/month

23 Days on Market

Highlights

  • Golf Course Community
  • Bamboo Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Spanish Architecture
  • Walk-In Pantry

About This Home

As of April 2022

Please take time to discover the virtual tour & floorplan links along with the supporting data for the market rents in the supplement tabs. This property has been the pride and joy of the owners for over 16 years. Who is ready to profit from this fantastic opportunity? Imagine living in a home that would run upwards of $800K in this part of town, only now you have a potential income stream of up to $1950 coming from the unit in the back (Actual rents are currently $1,800) ...Or rent out the front and pick up another potential $2,775 to offset your mortgage investment. The pictures and tours speak volumes as to the care and character of this oh so cool property in the even more hip enclave known as "Zafaria" You will be just around the corner from the public "Big Rec" golf course, the dog park and the local Long Beach Play House. The walk and cycle scores are just as attractive as this well designed Spanish gem. Grab some refreshments at the Port City Tavern, Rounding 3rd Sports Bar and Grill or just relax in you private side yard while you BBQ off of your walk in kitchen pantry.

Last Agent to Sell the Property

Jack Tanner

Beach Cities Properties, Inc. License #01383525 Listed on: 02/16/2022

Last Buyer's Agent

Joshua Weinroth

Keller Williams Realty-Studio City License #01862778

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,659

Year Built

  • Built in 1930

Lot Details

  • 5,300 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 1 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Home Design

  • Spanish Architecture
  • Property Attached
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,816 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Laminate Countertops

Flooring

  • Bamboo
  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 91
  • Tax Tract Number 6398
  • Assessor Parcel Number 7241008022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Dog Park

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,142
  • Maintenance Expense $1,200
  • Professional Management Expense $4,504
  • Water Sewer Expense $1,200
  • New Taxes Expense $13,125
  • Operating Expense $21,771
  • Gross Income $73,558
  • Net Operating Income $53,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,659

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Price Per Unit: 550000
  • Professional Management Expense: 4503.60
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR3S
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7241008022
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Copper Plumbing Partial, Laminate Counters, Pantry, Stone Counters, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Bamboo, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 633.26
  • Room Type: Walk-In Closet, Walk-In Pantry

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat, Rolled/Hot Mop, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Golf, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinklers In Front
  • Lot Size Sq Ft: 5300.00
  • Lot Size Acres: 0.1217

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 730 Square Feet
  • Average2 Bed Area: 1105 Square Feet
  • Gross Multiplier: 13.98
  • Gross Operating Income: 73558.00
  • Gross Scheduled Income: 75060.00
  • Insurance Expense: 1142.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5300.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 53290.00
  • Number Of Rented Garages: 1
  • 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: 2
  • Number Wall A C: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Range: 3
  • Operating Expense: 21770.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Actual Rent: 2770.00
  • Total Expenses: 21770.60
  • Vacancy Allowance: 1501
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 91
  • Tax Tract Number: 6398
  • Tax Annual Amount: 6659.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2013
Sold by
Sea Breeze Properties Llc
Bought by
Tanner Jack E and Tanner Laura C
Current Estimated Value
$1,267,592

Purchase Details

Closed on
Sep 25, 2007
Sold by
Tanner Jack
Bought by
Sea Breeze Properties Llc

Purchase Details

Closed on
Jul 11, 2005
Sold by
Donahue Patrick R
Bought by
Tanner Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,200
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2001
Sold by
Donahue Patrick R and Donahue Mary A
Bought by
Donahue Patrick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,008
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 2, 1997
Sold by
Rogers David K
Bought by
Donahue Patrick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 1994
Sold by
Hile Dallas M and Hile Donna P
Bought by
Rogers David K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,250
Interest Rate
8.35%
Mortgage Type
Seller Take Back
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
Tanner Jack E -- Accommodation
Sea Breeze Properties Llc -- Accommodation
Tanner Jack $679,000 Ticor Title
Donahue Patrick R -- Southland Title Corporation
Donahue Patrick R $186,000 Commonwealth Land Title Co
Rogers David K $155,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tanner Jack E $442,500
Previous Owner Tanner Jack $543,200
Previous Owner Donahue Patrick R $175,008
Previous Owner Donahue Patrick R $181,000
Previous Owner Rogers David K $144,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $1,150,000 0.0% $633 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/06/2022 03/06/22 Off Market $1,150,000 -- --
02/18/2022 02/18/22 Price Changed $1,100,000 +4.8% $606 / Sq Ft
02/16/2022 02/16/22 For Sale $1,050,000 0.0% $578 / Sq Ft
07/27/2020 07/27/20 Rented $2,400 0.0% --
07/11/2020 07/11/20 Price Changed $2,400 0.0% $2 / Sq Ft
07/11/2020 07/11/20 For Rent $2,400 +0.2% --
07/09/2020 07/09/20 Off Market $2,395 -- --
07/06/2020 07/06/20 For Rent $2,395 -- --
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 $15,375 $1,220,389 $795,906 $424,483
2024 $15,375 $1,196,460 $780,300 $416,160
2023 $15,116 $1,173,000 $765,000 $408,000
2022 $6,797 $531,363 $369,646 $161,717
2021 $6,659 $520,946 $362,399 $158,547
2020 $6,642 $515,606 $358,684 $156,922
2019 $6,565 $505,497 $351,651 $153,846
2018 $6,334 $495,586 $344,756 $150,830
2016 $5,824 $476,344 $331,370 $144,974
2015 $5,592 $469,190 $326,393 $142,797
2014 $5,557 $460,000 $320,000 $140,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22030256

California Regional Multiple Listing Service (CRMLS)

APN: 7241-008-022