NOT LISTED FOR SALE

Estimated Value: $1,630,000 - $1,706,697

6 Beds
6 Baths
1,653 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $1,335,000 $808 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,294/month

134 Days on Market

Highlights

  • No Units Above
  • Gated Community
  • No HOA
  • Woodrow Wilson High School Rated A
  • Craftsman Architecture
  • Double Pane Windows

About This Home

As of November 2020

Iconic Craftman architecture, well maintained buildings, stable tenants, great cash flow. Oversized lot in fantastic East Long Beach area, nestled among SFR and adjacent to Belmont Shore/Heights. Two 3-Unit bungalow style buildings with central court plus free standing Unit No. 7 (here when current owner purchased). Shopping and transportation at walking distance, plus minutes to Rec. park and CSULB. Residents love the quiet serene environment with lush back lawn and ocean breezes. Turnkey studio units pretty much identical with living / sleeping area and separate kitchen/dining/office. Upgrades include copper plumbing, electrical updates, permitted vent-less gas heaters in all units; new roof, like new low E/double-pane windows, tile floor, new kitchen cabinets in almost all units, and much more. Huge upside income and appreciation potential.

Last Agent to Sell the Property

Ana Maria Nava

West Shores Realty, Inc. License #01421262 Listed on: 04/27/2020

Last Buyer's Agent

Chris Stone

Buckingham Investments, Inc. License #01311075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,764 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Fence is in excellent condition
  • Density is 6-10 Units/Acre

Home Design

  • Craftsman Architecture
  • Property Attached
  • Shingle Roof

Interior Spaces

  • 6 Bathrooms
  • 1,653 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Window Screens
  • Laundry Room

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Auto Driveway Gate
  • Paved Parking

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 15
  • Assessor Parcel Number 7253010018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 7 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,497
  • Gardener Expense $840
  • Other Expense $3,718
  • New Taxes Expense $16,740
  • Operating Expense $6,621
  • Gross Income $111,363
  • Net Operating Income $101,666

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 7.28
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Zoning: LBR2N
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7253010018
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 807.62
  • Window Features: Double Pane Windows, Low Emissivity Windows, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition, Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6764.00
  • Lot Size Acres: 0.1553

Multi Family

  • Electric Expense: 1497.10
  • Gross Income: 111363.00
  • Gross Operating Income: 108287.00
  • Gross Scheduled Income: 111636.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 6764.0000 Square Feet
  • Net Operating Income: 101665.70
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 6
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 6621.27
  • Other Expense: 3717.80
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Actual Rent: 8833.00
  • Total Expenses: 6621.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16740.00
  • Tax Census Tract: 5750.02
  • Tax Lot: 17
  • Tax Tract Number: 15, 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2025
Sold by
Wurr Family Trust and Peter Wurr C
Bought by
C Peter Wurr 2016 Trust and Wurr
Current Estimated Value
$1,668,349

Purchase Details

Closed on
Sep 11, 2020
Sold by
Avan United Llc
Bought by
Wurr John C and Wurr Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 23, 2015
Sold by
Livin Nava Ana Maria and Livin Ana Maria Nava Revocable
Bought by
Avan United Llc

Purchase Details

Listed on
Sep 11, 2013
Closed on
Oct 24, 2013
Sold by
Quicker John C and The John C Quicker 1993 Trust
Bought by
Nava Ana Maria and The Ana Maria Nava Revocable L
Seller's Agent
Lane Stone
Seven Gables Real Estate
Buyer's Agent
Ana Maria Nava
West Shores Realty, Inc.
List Price
$579,900
Sold Price
$550,000
Premium/Discount to List
-$29,900
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%

Purchase Details

Closed on
Jul 8, 2005
Sold by
Johnson Larry Wayne
Bought by
Johnson Larry W and The Johnson Family Living Trus

Purchase Details

Closed on
Jan 24, 1994
Sold by
Quicker John C
Bought by
Quicker John C
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
C Peter Wurr 2016 Trust $460,000 Chicago Title Company
Wurr John C $1,335,000 Stewart Title Of Ca Inc
Avan United Llc -- None Available
Nava Ana Maria $550,000 Wfg Title Company Of Ca
Johnson Larry W -- --
Quicker John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wurr John C $820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2020 11/17/20 Sold $1,335,000 -4.3% $808 / Sq Ft
09/03/2020 09/03/20 For Sale $1,395,000 +4.5% $844 / Sq Ft
09/02/2020 09/02/20 Off Market $1,335,000 -- --
09/01/2020 09/01/20 For Sale $1,395,000 +4.5% $844 / Sq Ft
08/31/2020 08/31/20 Off Market $1,335,000 -- --
04/27/2020 04/27/20 For Sale $1,395,000 +153.6% $844 / Sq Ft
11/11/2013 11/11/13 Sold $550,000 -5.2% $262 / Sq Ft View Prior Sale
10/14/2013 10/14/13 Pending -- -- --
09/11/2013 09/11/13 For Sale $579,900 -- $276 / 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 $18,943 $1,461,302 $1,084,553 $376,749
2024 $18,943 $1,432,650 $1,063,288 $369,362
2023 $18,398 $1,388,934 $1,040,400 $348,534
2022 $17,268 $1,361,700 $1,020,000 $341,700
2021 $16,927 $1,335,000 $1,000,000 $335,000
2020 $8,340 $616,837 $431,542 $185,295
2019 $8,240 $604,750 $423,081 $181,669
2018 $7,975 $592,900 $414,786 $178,114
2016 $7,360 $569,542 $398,680 $170,862
2015 $7,075 $560,988 $392,692 $168,296
2014 -- $550,000 $385,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20034233

California Regional Multiple Listing Service (CRMLS)

APN: 7253-010-018