NOT LISTED FOR SALE

Estimated Value: $951,662 - $1,015,000

3 Beds
3 Baths
2,496 Sq Ft
$393/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $810,000 $325 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,081/month

8 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • Back Yard
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2021

DRIVE BY ONLY, DO NOT DISTURB TENANTS PLEASE. Great Investment opportunity in the city of Long Beach. Lovely stucco building with shingle roof and a 1 car garage for each unit not to mention the 2 extra garage spaces available for additional rental income. This Triplex property features three spacious 1 bedroom 1 bath units with the downstairs unit now available for a brand new tenant. Walkability score of 82 which is a great selling point. Walking distance to schools, shopping areas, transportation and much more. This opportunity is centrally located near major freeways, within 10 minutes to downtown Long Beach, Long Beach Performing arts center and the Long Beach Aquarium. I can't stress this enough please do not disturb tenants and do not walk the property. Make all offers subject to interior inspection.

Last Agent to Sell the Property

Jose Guevara

Better Homes and Gardens RE License #01392522 Listed on: 04/07/2021

Last Buyer's Agent

Jeb Middlebrook

Keller Williams Coastal Prop. License #02097471

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,705 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Back Yard

Parking

  • 5 Car Garage

Home Design

  • 2,496 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 7 / A
  • Tax Tract Number 3572
  • Assessor Parcel Number 7205017019

Community Details

Overview

  • 3 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $216
  • Fuel Expense $300
  • Insurance Expense $657
  • Trash Expense $400
  • Water Sewer Expense $500
  • New Taxes Expense $9,062
  • Operating Expense $11,135
  • Gross Income $2,400
  • Net Operating Income $39,447

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 500.00
  • Zoning: LBR1N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7205017019
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 324.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 400.00

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level
  • Lot Size Sq Ft: 2705.00
  • Lot Size Acres: 0.0621

Multi Family

  • Electric Expense: 216.00
  • Fuel Expense: 300.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 41520.00
  • Insurance Expense: 657.00
  • Lot Size Area: 2705.0000 Square Feet
  • Net Operating Income: 39447.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2073.00
  • Rent Control: Yes
  • Total Expenses: 11135.00

Tax Info

  • New Taxes Expense: 9062.00
  • Tax Block: A
  • Tax Census Tract: 5731.00
  • Tax Lot: 7
  • Tax Tract Number: 3572

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 28, 2021
Sold by
Barbara A Thornton Living Trust
Bought by
Kenfe Senay
Seller's Agent
Jose Guevara
Better Homes and Gardens RE
Buyer's Agent
Jeb Middlebrook
Keller Williams Coastal Prop.
List Price
$725,000
Sold Price
$810,000
Premium/Discount to List
$85,000
11.72%
Current Estimated Value
$981,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,166
Avg. Annual Appreciation
4.34%
Original Mortgage
$607,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2001
Sold by
Thorton Barbara Ann
Bought by
Thornton Barbara A and The Barbara A Thornton Living
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kenfe Senay $810,000 Provident Title
Thornton Barbara A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kenfe Senay $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $810,000 +1.3% $325 / Sq Ft
06/04/2021 06/04/21 Price Changed $800,000 +10.3% $321 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $725,000 -- $290 / 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 $11,291 $876,768 $432,972 $443,796
2024 $11,291 $859,578 $424,483 $435,095
2023 $11,101 $842,724 $416,160 $426,564
2022 $10,420 $826,200 $408,000 $418,200
2021 $1,685 $94,387 $25,105 $69,282
2019 $1,661 $91,589 $24,361 $67,228
2018 $1,575 $89,794 $23,884 $65,910
2016 $1,441 $86,308 $22,957 $63,351
2015 $1,394 $85,013 $22,613 $62,400
2014 $1,402 $83,349 $22,171 $61,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21072250

California Regional Multiple Listing Service (CRMLS)

APN: 7205-017-019