NOT LISTED FOR SALE

Estimated Value: $1,080,100 - $1,144,000

12 Beds
7 Baths
5,019 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: June 26, 2024

Last sale price $1,100,000 $219 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,153 / mo

About This Home

As of June 2024

*Prime Multi-Unit Investment Opportunity in Long Beach, CA*Discover this exceptional multi-unit property located just 1.5 miles from downtown Long Beach and conveniently close to major freeways. This unique offering comprises seven units spread across three separate buildings, presenting an ideal investment with significant rental potential.*Property Highlights:*- *Three Separate Buildings:*- Stand-Alone Bungalow: A charming 2 bed, 1 bath home featuring an attached garage and private yard, perfect for attracting long-term tenants. -*Four-Unit Building:* A two-story structure, each unit offering 2 bedrooms and 1 bathroom, providing consistent rental income. - *Spanish-Style Duplex:* Classic architecture with two 1 bed, 1 bath units, adding diversity to your rental portfolio.- *Parking:* Dedicated parking for 4 cars located at the rear of the property.- *Occupancy:* All units are currently occupied, ensuring immediate rental income from day one. The property will be delivered fully occupied at close of escrow.- *Potential:* With some updating, this property can significantly increase its rental income, making it an excellent opportunity for investors looking to enhance their portfolio. This multi-unit property offers a blend of stable occupancy and potential for growth, all in a prime Long Beach location.

Last Agent to Sell the Property

Daniel Kountz

Keller Williams Studio City License #02077212 Listed on: 06/26/2024

Keller Williams Studio City

Last Buyer's Agent

Daniel Kountz

Keller Williams Studio City License #02077212 Listed on: 06/26/2024

Keller Williams Studio City

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,549 Sq Ft Lot

Home Design

  • Bungalow

Interior Spaces

  • 5,019 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Parking

  • 1 Car Garage
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7431-033-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

8,549 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5019
  • Lot Acreage: 0.1963
  • Probate: No
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Bedrooms: 12
  • Common Walls: Attached
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 219.17

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage - 1 Car
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 79.20
  • Assessed Improvement Value: 100363
  • Assessed Land Percent: 20.8
  • Assessed Land Value: 26364
  • Total Assessed Value: 126727
  • Assessor Parcel Number: 7431-033-007
  • Lot Size Area: 8549

Rental Info

  • Total Actual Rent: 68700.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 18.56
  • Number Of Units: 7
  • Type Of Units: Multiple

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Jun 13, 2024
Sold by
Rita J Wright Trust and Pigeon Gwen J
Bought by
Seller's Agent
Daniel Kountz
Keller Williams Studio City
Buyer's Agent
Daniel Kountz
Keller Williams Studio City
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,057,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,239
Avg. Annual Appreciation
0.50%
Original Mortgage
$137,500
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2008
Sold by
Wright Rita J and Rita J Wright Living Trust
Bought by
Wright Rita J and The Rita J Wright Trust

Purchase Details

Closed on
Aug 5, 1994
Sold by
Wright Rita Jane
Bought by
Wright Rita J and Rita J Wright Living Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Provident Title Company
Wright Rita J -- None Available
Wright Rita J -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Open Xmrx Corporation $1,560,000
Closed Xmrx Corporation $1,240,000
Closed Xmrx Corporation $137,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/26/2024 06/26/24 Sold $1,100,000 0.0% $219 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $1,100,000 -- $219 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,798 $1,144,440 $624,240 $520,200
2025 $15,798 $1,122,000 $612,000 $510,000
2024 $3,035 $129,261 $26,891 $102,370
2023 $2,971 $126,727 $26,364 $100,363
2022 $2,828 $124,244 $25,848 $98,396
2021 $2,726 $121,809 $25,342 $96,467
2019 $2,687 $118,543 $24,592 $93,951
2018 $2,519 $116,226 $24,110 $92,116
2016 $2,307 $111,383 $23,175 $88,208
2015 $2,241 $109,711 $22,827 $86,884
2014 $2,271 $107,563 $22,380 $85,183
Source: Public Records

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Map

Source: The MLS

MLS Number: 24-395287

The MLS

APN: 7431-033-007

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