NOT LISTED FOR SALE

Estimated Value: $1,246,000 - $1,474,000

5 Beds
4 Baths
2,289 Sq Ft
$606/Sq Ft Est. Value

Sale Details

Date Sold: October 10, 2024

Last sale price $1,430,000 $625 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,574 / mo

90 Days on Market

Highlights

  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • Wood Frame Window
  • Woodrow Wilson High School Rated A
  • No HOA
  • Double Pane Windows

About This Home

As of October 2024

Exquisitely restored, this 1923 triplex is a light filled bungalow with vintage charm. The front house, deliberately left vacant for immediate owner occupancy, features 3 bedrooms and 2 baths with an open, light-filled floor plan. Meticulously refurbished original hardwood floors complement the elegant kitchen, which is equipped with stainless steel appliances, quartz countertops, and a breakfast bar. The home includes a dedicated laundry room and luxurious remodeled bathrooms with custom vanities. The master bedroom showcases original features throughout, blending period charm with contemporary finishes. The private backyard oasis is perfect for entertaining or unwinding.

The property also includes a private rear alleyway with entrances to two updated 1-bedroom, 1-bath apartments at the rear, both currently rented, generating nearly $4,000 a month. The front house remains private as the tenants have separate entrances from the rear of the property and do not access the driveway, making it feel like two separate properties. The property has 4 electric meters and 3 gas meters, and one garage even has EV parking capabilities. An owner has the option to easily add up to two ADUs according to the City of Long Beach. Property recently appraised for $1,500,000.

This property is ideal for the discerning owner/investor, located near the beach, Wilson High School, Zaferia District, 2nd Street, golf courses, freeway access, downtown nightlife, and all that vibrant Long Beach has to offer.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 07/10/2024

Co-Listed By

Caleb Baldwin

MJ Financial Services Inc Brokerage Phone: 562-307-0838 License #02056751

Last Buyer's Agent

Beatrix Whipple

Keller Williams Pacific Estate License #01355505

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,725 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway Level

Home Design

  • Triplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,289 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Wood Frame Window
  • Casement Windows
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 80
  • Assessor Parcel Number 7241009028
  • $646 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Circle Subdivision

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Water Sewer Expense $100
  • New Taxes Expense $19,375
  • Operating Expense $22,835
  • Gross Income $107,400
  • Net Operating Income $84,565

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,725 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 5.46
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Water Sewer Expenses: 100.00
  • Zoning: LBR2N
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7241009028
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 624.73
  • Room Type: Kitchen, Living Room, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Window Features: Casement Windows, Double Pane Windows, Wood Frames

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5725.00
  • Lot Size Acres: 0.1314

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 107400.00
  • Gross Multiplier: 14.43
  • Gross Operating Income: 107400.00
  • Gross Scheduled Income: 107400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5725.0000 Square Feet
  • Net Operating Income: 84565.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 22835.00
  • Rent Control: Yes
  • Total Expenses: 22835.00

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 80
  • TaxOtherAnnualAssessmentAmount: 646.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Oct 2, 2024
Sold by
Rossi Marina
Bought by
Muhuey Kuo Melody and Kai-Wen Kuo Kelvin
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Beatrix Whipple
Keller Williams Pacific Estate
List Price
$1,499,000
Sold Price
$1,430,000
Premium/Discount to List
-$69,000
-4.6%
Views
803
Current Estimated Value
$1,386,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,848
Avg. Annual Appreciation
-1.98%

Purchase Details

Listed on
Nov 9, 2018
Closed on
Dec 26, 2018
Sold by
Eddy Peter J and Eddy Bonnie L
Bought by
Rossi Marina
Seller's Agent
Natasha Schultheis
Coldwell Banker Realty
Buyer's Agent
NONE NONE
None MRML
List Price
$1,049,000
Sold Price
$1,035,000
Premium/Discount to List
-$14,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$621,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 15, 2017
Closed on
Nov 7, 2017
Sold by
Pannell Robert and Pannell Nancy
Bought by
Eddy Peter J and Eddy Jointly Held Trust
Seller's Agent
Jack Tanner
Beach Cities Properties, Inc.
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$875,000
Sold Price
$895,000
Premium/Discount to List
$20,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$656,350
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2011
Sold by
Revocab Leake Isaacs Gwendolyn and Revocab Gwendolyn Leake Isaacs
Bought by
Pannell Robert and Pannell Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,400
Interest Rate
4.84%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 26, 2007
Sold by
Leake Isaacs Gwendolyn
Bought by
Revocab Leake Isaacs Gwendolyn and Revocab Gwendolyn Leake Isaacs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2007
Sold by
Isaacs Gwendolyn Leake
Bought by
Revocab Isaacs Gwendolyn Leake and Revocab Gwendolyn Leake Isaacs

Purchase Details

Closed on
Mar 11, 2003
Sold by
Nevin Carole A and Nevin Mark D
Bought by
Leake Isaacs Gwendolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,200
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1993
Sold by
American Svgs Bank Fa
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,600
Interest Rate
6.94%

Purchase Details

Closed on
Aug 18, 1993
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Nevin Carole A and Nevin Mark D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,600
Interest Rate
6.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Muhuey Kuo Melody $1,430,000 Fidelity National Title
Rossi Marina $1,035,000 First American Title
Eddy Peter J $895,000 Chicago Title Company
Pannell Robert $600,000 Advantage Title Inc
Revocab Leake Isaacs Gwendolyn -- Financial Title Company
Leake Isaacs Gwendolyn -- Financial Title Company
Revocab Isaacs Gwendolyn Leake -- None Available
Leake Isaacs Gwendolyn $559,000 North American Title Co
Federal Home Loan Mortgage Corporation -- Continental Lawyers Title Co
Nevin Carole A $174,000 Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rossi Marina $621,000
Previous Owner Eddy Peter J $656,350
Previous Owner Pannell Robert $545,400
Previous Owner Leake Isaacs Gwendolyn $510,000
Previous Owner Leake Isaacs Gwendolyn $447,200
Previous Owner Nevin Carole A $156,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $1,430,000 -3.1% $625 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/13/2024 09/13/24 Price Changed $1,475,000 -1.6% $644 / Sq Ft
08/12/2024 08/12/24 For Sale $1,499,000 0.0% $655 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/30/2024 07/30/24 Price Changed $1,499,000 -3.3% $655 / Sq Ft
07/10/2024 07/10/24 For Sale $1,550,000 +49.8% $677 / Sq Ft
02/15/2019 02/15/19 Sold $1,035,000 -1.3% $462 / Sq Ft View Prior Sale
12/26/2018 12/26/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $1,049,000 +17.2% $469 / Sq Ft
11/14/2017 11/14/17 Sold $895,000 +2.3% $391 / Sq Ft View Prior Sale
10/15/2017 10/15/17 For Sale $875,000 0.0% $382 / Sq Ft
06/06/2012 06/06/12 Rented $895 0.0% --
06/06/2012 06/06/12 Under Contract -- -- --
05/18/2012 05/18/12 For Rent $895 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,703 $1,430,000 $900,000 $530,000
2024 $14,703 $1,131,920 $792,892 $339,028
2023 $14,456 $1,109,727 $777,346 $332,381
2022 $13,567 $1,087,968 $762,104 $325,864
2021 $13,300 $1,066,636 $747,161 $319,475
2020 $13,266 $1,055,900 $739,500 $316,400
2019 $11,634 $913,100 $642,600 $270,500
2018 $11,308 $895,200 $630,000 $265,200
2017 $8,568 $662,340 $463,638 $198,702
2016 $7,967 $649,354 $454,548 $194,806
2015 $7,648 $639,601 $447,721 $191,880
2014 $7,602 $627,073 $438,951 $188,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24141221

California Regional Multiple Listing Service (CRMLS)

APN: 7241-009-028

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