NOT LISTED FOR SALE

Estimated Value: $1,210,000 - $1,421,000

5 Beds
4 Baths
3,148 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $1,200,000 $381 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,216/month

73 Days on Market

Highlights

  • 0.25 Acre Lot
  • Wood Flooring
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Lawn
  • 2-minute walk to Rosa Parks Park

About This Home

As of June 2022

This fourplex in Cambodia Town is priced attractively. 3 of the 4 units are vacant - set your own rents. The front house features 2 units: (1) 2 beds, 1 bath, (1) 1 bed, 1 bath. The detached structure in the middle with (1) studio & permitted rumpus room is perfect for an easy ADU conversion.
The rear detached home is a 2 bedroom, 1 bath with private yard. There is a total of 3,148 square feet of livable space with a massive 11,000 square foot lot, that allows for an additional ADU to be built. This property has a total of 12 parking spaces. The total pro-forma rents for this property is $7,350/month.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 03/08/2022

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Katrina Pham

L.S. Gateway Realtors License #01700367

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Lawn
  • Back Yard

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,148 Sq Ft Home
  • Entryway
  • Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Shared Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 48
  • Tax Tract Number 575
  • Assessor Parcel Number 7268035019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Other Expense $575
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $16,875
  • Operating Expense $22,050
  • Gross Income $88,200
  • Net Operating Income $66,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7268035019
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 381.19
  • Room Type: Entry, Kitchen, Living Room

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Driveway - Combination, Shared Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Rectangular Lot
  • Lot Size Sq Ft: 10965.00
  • Lot Size Acres: 0.2517

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 10965.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 66150.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22050.00
  • Other Expense: 575.00
  • Other Expense Description: MISC.
  • Rent Control: Yes
  • Total Expenses: 22050.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Census Tract: 5752.01
  • Tax Lot: 48
  • Tax Tract Number: 575...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2020
Sold by
Platt Brian W
Bought by
Platt Carolyn Y
Current Estimated Value
$1,303,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,000
Outstanding Balance
$452,186
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$851,783

Purchase Details

Closed on
Feb 15, 2020
Sold by
Platt Carolyn and Hervey Brown Cheryl
Bought by
Platt Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,000
Outstanding Balance
$452,186
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$851,783

Purchase Details

Closed on
Jul 30, 2013
Sold by
Hervey Cladia F
Bought by
Hervey Claudia F and The Claudia F Hervey Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2006
Sold by
Hervey Claudia F
Bought by
Hervey Claudia F and Claudia F Hervey Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.37%
Mortgage Type
New Conventional
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
Platt Carolyn Y -- Chicago Title Company
Platt Carolyn -- None Available
Hervey Claudia F -- None Available
Hervey Claudia F -- North American Title Co
Hervey Claudia F -- Alliance Title Company
Hervey Claudia F -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Platt Carolyn Y $653,000
Previous Owner Hervey Claudia F $382,500
Previous Owner Hervey Claudia F $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $1,200,000 -7.3% $381 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
04/08/2022 04/08/22 Price Changed $1,295,000 -4.1% $411 / Sq Ft
03/08/2022 03/08/22 For Sale $1,350,000 -- $429 / 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 $16,608 $1,273,448 $902,026 $371,422
2024 $16,608 $1,248,480 $884,340 $364,140
2023 $16,096 $1,224,000 $867,000 $357,000
2022 $5,909 $432,808 $245,702 $187,106
2021 $5,777 $424,323 $240,885 $183,438
2020 $1,439 $60,022 $26,871 $33,151
2019 $1,425 $58,846 $26,345 $32,501
2018 $1,201 $57,693 $25,829 $31,864
2016 $1,091 $55,455 $24,827 $30,628
2015 $1,062 $54,623 $24,455 $30,168
2014 $1,076 $53,554 $23,976 $29,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22045878

California Regional Multiple Listing Service (CRMLS)

APN: 7268-035-019