$855,000
SOLD APR 17, 2025
5 Beds
3 Baths
2,484 Sq Ft
7,502 Sq Ft Lot

Recently Sold

$344 Per Sq Ft

4% Above List Price

8 Days on Market

Highlights

  • Property is near public transit
  • Living Room
  • Forced Air Heating System
  • Private Yard
  • Laundry Room
  • 4-minute walk to Burton W. Chace Park

About This Home

As of April 2025

Three bungalows each with an outdoor area & 1 car garage each. Located on a larger-than-average lot of 7,497 square feet with a zoning of LB3-4. Each bungalow has a dining area and a full bathroom. Front home is a stand-alone home with 1b/1b of approximately 756 square feet. Middle and rear homes are each 2b/1b of roughly 859 square feet each. Between the middle and the rear home is the 3-car garage. Rents just got raised but were not raised in prior years. The tenants have been there for many years on month-to-month leases.
This little gem could use a renovation to make it sparkle. There is some deferred maintenance on the exterior woodwork, and the roof has had a few issues. The property is in average condition.
Selling due to the seller passing away, the property is held in Trust.
Please do not go on the property and, please do not disturb the tenants.
Interior inspection is subject to an accepted offer or, Letter of Intent & proof of cash deposit and, loan approval.

Last Agent to Sell the Property

Susan Larison

Vista Sotheby's International Realty Brokerage Phone: 310-487-1360 License #01023179 Listed on: 03/12/2025

Last Buyer's Agent

Sarah Kim

Sarah Kim, Broker License #02033475

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,087

Year Built

  • Built in 1959

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,484 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Formica Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 90
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131002018
  • $736 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • North Long Beach Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,200
  • Other Expense $3,132
  • Water Sewer Expense $1,368
  • Operating Expense $11,700
  • Gross Income $56,780
  • Net Operating Income $45,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,087

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 273333
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1368.00
  • Zoning: LBR34
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7131002018
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 344.20
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit, Yard
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 56780.00
  • Gross Scheduled Income: 56780.00
  • Insurance Expense: 7200.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 45080.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11700.00
  • Other Expense: 3132.00
  • Other Expense Description: manager
  • Rent Control: Yes
  • Total Actual Rent: 4741.00
  • Total Expenses: 11700.00

Tax Info

  • Tax Census Tract: 5717.03
  • Tax Lot: 90
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 736.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2025
Closed on
Apr 3, 2025
Sold by
Neak Kim Maliny
Bought by
Ith Nathea
Seller's Agent
Susan Larison
Vista Sotheby's International Realty
Buyer's Agent
Sarah Kim
Sarah Kim, Broker
List Price
$820,000
Sold Price
$855,000
Premium/Discount to List
$35,000
4.27%
Total Days on Market
8
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.50%
Original Mortgage
$684,000
Outstanding Balance
$683,397
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$136,485

Purchase Details

Listed on
Mar 12, 2025
Closed on
Mar 21, 2025
Sold by
Marie S Horowitz Trust and Nicholas T Montalto Pc
Bought by
Ith Nathea and Ith Sang Sreymech
Seller's Agent
Susan Larison
Vista Sotheby's International Realty
Buyer's Agent
Sarah Kim
Sarah Kim, Broker
List Price
$820,000
Sold Price
$855,000
Premium/Discount to List
$35,000
4.27%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Outstanding Balance
$683,397
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$136,485

Purchase Details

Closed on
Apr 10, 2018
Sold by
Horowitz Marie
Bought by
Horowitz Marie S and Marie S Horowitz Trust

Purchase Details

Closed on
Jul 18, 2002
Sold by
Klaszky Frank W
Bought by
Horowitz Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.52%
Source: Public Records

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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
Quit Claim Deed -- Old Republic Title Company
Grant Deed $855,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $245,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $684,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $403,724 New Conventional
Previous Owner $420,000 Unknown
Previous Owner $275,000 Fannie Mae Freddie Mac
Previous Owner $276,000 Unknown
Previous Owner $196,000 No Value Available
Closed $12,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Sold $855,000 +4.3% $344 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $820,000 -- $330 / 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 $13,087 $994,500 $484,500 $510,000
2023 $4,980 $341,041 $167,041 $174,000
2022 $4,693 $334,355 $163,766 $170,589
2021 $4,587 $327,800 $160,555 $167,245
2020 $4,575 $324,440 $158,909 $165,531
2019 $4,523 $318,080 $155,794 $162,286
2018 $4,290 $311,844 $152,740 $159,104
2016 $3,943 $299,737 $146,810 $152,927
2015 $3,793 $295,235 $144,605 $150,630
2014 $3,783 $289,453 $141,773 $147,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25052897

California Regional Multiple Listing Service (CRMLS)

APN: 7131-002-018