$1,175,000
SOLD JUL 18, 2024
4 Beds
4 Baths
3,344 Sq Ft
2,675 Sq Ft Lot

Recently Sold

$351 Per Sq Ft

6% Below List Price

Highlights

  • 0.06 Acre Lot
  • Dual Staircase
  • High Ceiling
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Balcony

About This Home

As of July 2024

Great project with total upside potential! Built in 1920 this statewide still has tons of charm, hardwood floor, wide stair well, some built ins, French doors, added skylights, huge back deck and gated lower patio/yard space. Each unit has laundry. Reinforced pillar & piers, bolted to, the foundation, upgraded 220v, good sized bedrooms, loads of storage, copper gutters. 2 units need rehabbing them back to life and increase rent to market value! Great upside immediately. Copper gutters, sun reload fabric awning shades, custom iron on lower units and all front doors. Walk to transportation, bus, train, tram to Belmont Shore and downtown! Walk to Broadway to restaurants and shopping. You could really take this unit and make a stunning income property for yourself.

Last Agent to Sell the Property

Connie Wildasinn

WGroup Realtors Brokerage Phone: 562-824-4846 License #01221986 Listed on: 11/17/2022

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,339

Year Built

  • Built in 1920

Lot Details

  • 2,675 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Zero Lot Line

Home Design

  • Quadruplex
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Raised Foundation

Interior Spaces

  • 3,344 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • High Ceiling
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 2 / 63
  • Tax Tract Number 576
  • Assessor Parcel Number 7265011002

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,040
  • Insurance Expense $1,500
  • Water Sewer Expense $520
  • Operating Expense $3,310
  • Gross Income $32,700
  • Net Operating Income $29,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,339

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Price Per Unit: 312500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 520.00
  • Zoning: LBR4R
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7265011002
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, High Ceilings, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 351.38
  • Room Type: Kitchen, Walk-In Closet

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Zero Lot Line
  • Lot Size Sq Ft: 2675.00
  • Lot Size Acres: 0.0614
  • Latitude Manual: 33.76736400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 836 Square Feet
  • Fuel Expense: 1040.00
  • Gross Income: 32700.00
  • Gross Scheduled Income: 32700.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 2675.0000 Square Feet
  • Net Operating Income: 29390.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 3310.00
  • Rent Control: Yes
  • Total Expenses: 3310.00

Tax Info

  • Tax Block: 63
  • Tax Census Tract: 5766.01
  • Tax Lot: 2
  • Tax Tract Number: 576...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jul 11, 2024
Sold by
Brian K Wildasinn Trust and Wildasinn Brian K
Bought by
Hani Salehi-Had And Yasmin Keyvan Family Trus and Salehi-Had
Seller's Agent
Connie Wildasinn
WGroup Realtors
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Total Days on Market
0
Views
25
Current Estimated Value
$1,202,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,899
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
Mar 16, 2020
Sold by
Wildasinn Brian K
Bought by
Wildasinn Brian K and The Brian K Wildasinn Trust

Purchase Details

Closed on
Jul 30, 1999
Sold by
Brothershelmholz Carla
Bought by
Helmholz Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,500
Interest Rate
7.47%

Purchase Details

Closed on
Jul 29, 1999
Sold by
Helmholz Robert W
Bought by
Wildasim Brian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,500
Interest Rate
7.47%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,175,000 Old Republic Title
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- United Title Company
Grant Deed $242,500 United Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $436,100 New Conventional
Previous Owner $207,000 Unknown
Previous Owner $210,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $1,175,000 -6.0% $351 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $1,250,000 0.0% $374 / Sq Ft
11/23/2022 11/23/22 For Sale $1,250,000 +6.4% $374 / Sq Ft
11/17/2022 11/17/22 Off Market $1,175,000 -- --
11/17/2022 11/17/22 Price Changed $1,175,000 -- $351 / 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
2024 $5,339 $365,386 $195,879 $169,507
2023 $5,244 $358,223 $192,039 $166,184
2022 $4,937 $351,200 $188,274 $162,926
2021 $4,815 $344,315 $184,583 $159,732
2019 $4,746 $334,505 $179,109 $155,396
2018 $4,607 $327,955 $175,598 $152,357
2016 $4,229 $314,837 $168,780 $146,057
2015 $4,070 $310,109 $166,245 $143,864
2014 $4,060 $304,035 $162,989 $141,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22242916

California Regional Multiple Listing Service (CRMLS)

APN: 7265-011-002