NOT LISTED FOR SALE

1321 W Summit St Long Beach, CA 90810

Lower Westside Neighborhood

Estimated Value: $914,000 - $1,070,000

4 Beds
4 Baths
2,496 Sq Ft
$395/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $915,000 $367 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,501/month

About This Home

As of April 2022

4 units apartment, nice condition and location

Last Agent to Sell the Property

Ping Wang

Presidential Inc License #01328501 Listed on: 02/09/2022

Last Buyer's Agent

Ping Wang

Presidential Inc License #01328501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,681

Year Built

  • Built in 1962

Lot Details

  • 8,423 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard

Parking

  • 10 Parking Spaces

Home Design

  • 2,496 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431022018

Community Details

Overview

  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,000
  • Trash Expense $720
  • Water Sewer Expense $1,000
  • Operating Expense $3,220
  • Gross Income $48,000
  • Net Operating Income $34,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,681

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Other Phone Description: 6266725999
  • Price Per Unit: 228750
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 7431022018
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 366.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 8423.00
  • Lot Size Acres: 0.1934

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8423.0000 Square Feet
  • Net Operating Income: 34000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Expenses: 3220.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 1833

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2024
Sold by
Forero Martha F
Bought by
Martha F Forero Revocable Trust and Forero
Current Estimated Value
$985,761

Purchase Details

Closed on
Feb 28, 2014
Sold by
Diamond Carl I
Bought by
The Carl Irwin Diamond & Ping Wang Diamo

Purchase Details

Closed on
Apr 13, 2005
Sold by
Diamond Carl I
Bought by
Diamond Carl I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2003
Sold by
Diamond Ping Wang
Bought by
Diamond Carl I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.96%

Purchase Details

Closed on
Nov 27, 2002
Sold by
Robinson Jimmie L and Robinson Jimmie Louis
Bought by
Diamond Carl I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.96%

Purchase Details

Closed on
Oct 23, 1997
Sold by
Lopez Emilio and Lopez Maria
Bought by
Robinson Jimmie Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,019
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 1996
Sold by
Emc Mtg Corp
Bought by
Lopez Emilio and Lopez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
7.82%

Purchase Details

Closed on
Oct 23, 1995
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Sep 18, 1995
Sold by
Zeledon Luis A and Zeledon Mayra
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

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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
Martha F Forero Revocable Trust -- Ticor Title Company
The Carl Irwin Diamond & Ping Wang Diamo -- None Available
Diamond Carl I -- United Independent Title
Diamond Carl I -- Utcla
Diamond Carl I $290,000 Utcla
Robinson Jimmie Louis $200,000 United Title Company
Lopez Emilio $132,000 Chicago Title Co
Emc Mtg Corp $73,500 Chicago Title
Great Western Bank Fsb $139,155 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martha F Forero Revocable Trus $843,750
Previous Owner Diamond Carl I $245,000
Previous Owner Diamond Carl I $232,000
Previous Owner Robinson Jimmie Louis $198,462
Previous Owner Robinson Jimmie Louis $48,000
Previous Owner Robinson Jimmie Louis $194,019
Previous Owner Lopez Emilio $48,000
Previous Owner Lopez Emilio $105,600
Closed Diamond Carl I $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $915,000 0.0% $367 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $915,000 -- $367 / 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 $12,681 $971,004 $636,724 $334,280
2024 $12,681 $951,966 $624,240 $327,726
2023 $12,466 $933,300 $612,000 $321,300
2022 $5,535 $395,771 $204,710 $191,061
2021 $5,410 $388,012 $200,697 $187,315
2019 $5,334 $376,506 $194,746 $181,760
2018 $5,107 $369,125 $190,928 $178,197
2016 $4,701 $354,793 $183,515 $171,278
2015 $4,523 $349,465 $180,759 $168,706
2014 $4,513 $342,621 $177,219 $165,402
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Ping Wang

    Presidential Inc

    (626) 839-8899

    1 in this area

    20 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22025983

California Regional Multiple Listing Service (CRMLS)

APN: 7431-022-018

California Los Angeles County Long Beach 90810 Lower Westside

1321 W Summit St, Long Beach, CA

This home is located at 1321 W Summit St, Long Beach, CA 90810 since 09 February 2022 and is currently estimated at $985,761, approximately $394 per square foot. This property was built in 1962. 1321 W Summit St is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and We the People High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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