NOT LISTED FOR SALE

Estimated Value: $1,098,000 - $1,247,000

3 Beds
2 Baths
1,839 Sq Ft
$628/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $951,000 $517 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,374/month

224 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Granite Countertops
  • Woodrow Wilson High School Rated A
  • Spanish Architecture
  • No HOA

About This Home

As of June 2021

The Bennett Bungalows are a Spanish Triplex on a tranquil, tree-lined block, surrounded by darling cottages, in a fantastic East Long Beach neighborhood. The side-by-side 1 bedroom, 1 bathroom front units offer exquisite historic details: barrel tile roofs, quaint front porches, built-in cabinetry and hardwood floors. The more expansive, detached, rear unit offers 2 bedrooms, 1 bathroom and an attached garage with laundry hookups. While this charming property recently celebrated its 100th birthday, numerous modern updates have occurred: updated cabinets, newer flooring, efficient double-pane windows, newer rear roof. Primely located a short distance to the beach, incredibly close to Recreation Park and CSULB, find yourself connected to many of the area’s top attractions. Whether you are looking to expand your investment portfolio or exploring the idea of living in one of the units while you generate passive income from the others, this is a unique opportunity you do not want to miss.

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 10/14/2020

eXp Realty of California Inc

Last Buyer's Agent

Rochelle Townsend

Equity Union License #01827754

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,140

Year Built

  • Built in 1916

Lot Details

  • 5,219 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Triplex
  • Spanish Architecture

Interior Spaces

  • 1,839 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 29
  • Tax Tract Number 6400
  • Assessor Parcel Number 7253028025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Circle Subdivision

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $717
  • Maintenance Expense $720
  • Water Sewer Expense $1,320
  • New Taxes Expense $10,112
  • Operating Expense $12,869
  • Gross Income $57,360
  • Net Operating Income $44,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,140

Year Built

Built in 1916

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: Torey Carrick
  • Other Phone Number: 310-567-7452
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 1320.00
  • Zoning: LBR2N
  • Architectural Style: Spanish
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7253028025
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Wood
  • Price Per Square Foot: 517.13
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5219.00
  • Lot Size Acres: 0.1198

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 57360.00
  • Gross Scheduled Income: 57360.00
  • Insurance Expense: 716.71
  • Lot Size Area: 5219.0000 Square Feet
  • Maintenance Expense: 720.00
  • Net Operating Income: 44491.29
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 12868.70
  • Rent Control: No
  • Total Actual Rent: 1425.00
  • Total Expenses: 12868.71

Tax Info

  • New Taxes Expense: 10112.00
  • Tax Census Tract: 5750.02
  • Tax Lot: 29
  • Tax Tract Number: 6400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Jun 2, 2021
Sold by
Gonzalez Daniel A and The Gonzalez Family Trust
Bought by
Swigard John F and Swigard Caitlin C
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Rochelle Townsend
Equity Union
List Price
$899,000
Sold Price
$951,000
Premium/Discount to List
$52,000
5.78%
Current Estimated Value
$1,154,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,646
Avg. Annual Appreciation
4.70%
Original Mortgage
$699,250
Outstanding Balance
$635,835
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$516,663

Purchase Details

Closed on
Dec 11, 2019
Sold by
Gonzalez Eneida
Bought by
Gonzalez Daniel A and Gonzalez Family Trust

Purchase Details

Closed on
Dec 6, 2019
Sold by
Gonzalez Kit M
Bought by
Gonzalez Daniel A

Purchase Details

Listed on
Oct 7, 2018
Closed on
Nov 21, 2018
Sold by
Baez Debra Frenes and Frenes Debra
Bought by
Gonzalez Daniel A and Gonzalez Kit M
Seller's Agent
Denisse Frenes-Gomez
HomeSmart, Evergreen Realty
Buyer's Agent
Judy Pierce
Keller Williams Coastal Prop.
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Original Mortgage
$553,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2005
Sold by
Davis Gordon R and Davis Poonam
Bought by
Frenes Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
6.62%
Mortgage Type
Negative Amortization
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
Swigard John F $951,000 Fidelity National Title Co
Gonzalez Daniel A -- None Available
Gonzalez Eneida -- None Available
Gonzalez Daniel A -- None Available
Gonzalez Daniel A $790,000 Fidelity National Title Oran
Baez Debra Frenes -- Fidelity National Title Oran
Frenes Debra $685,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swigard John F $699,250
Previous Owner Gonzalez Daniel A $553,000
Previous Owner Frenes Debra $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $951,000 +5.8% $517 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $899,000 -5.5% $489 / Sq Ft
05/26/2021 05/26/21 Off Market $951,000 -- --
04/28/2021 04/28/21 For Sale $899,000 -5.5% $489 / Sq Ft
04/16/2021 04/16/21 Off Market $951,000 -- --
04/16/2021 04/16/21 For Sale $899,000 -5.5% $489 / Sq Ft
04/08/2021 04/08/21 Off Market $951,000 -- --
04/07/2021 04/07/21 For Sale $899,000 -5.5% $489 / Sq Ft
04/03/2021 04/03/21 Off Market $951,000 -- --
04/03/2021 04/03/21 For Sale $899,000 -5.5% $489 / Sq Ft
03/03/2021 03/03/21 Off Market $951,000 -- --
03/03/2021 03/03/21 For Sale $899,000 -5.5% $489 / Sq Ft
02/02/2021 02/02/21 Off Market $951,000 -- --
02/02/2021 02/02/21 For Sale $899,000 -5.5% $489 / Sq Ft
01/04/2021 01/04/21 Off Market $951,000 -- --
01/02/2021 01/02/21 For Sale $899,000 -5.5% $489 / Sq Ft
12/02/2020 12/02/20 Off Market $951,000 -- --
10/14/2020 10/14/20 For Sale $899,000 +13.8% $489 / Sq Ft
12/18/2018 12/18/18 Sold $790,000 -1.1% $292 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
11/04/2018 11/04/18 Price Changed $799,000 0.0% $295 / Sq Ft
11/04/2018 11/04/18 For Sale $799,000 +1.1% $295 / Sq Ft
10/23/2018 10/23/18 Off Market $790,000 -- --
10/07/2018 10/07/18 For Sale $815,000 -- $301 / 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 $13,140 $1,029,390 $812,905 $216,485
2024 $13,140 $1,009,207 $796,966 $212,241
2023 $12,918 $989,420 $781,340 $208,080
2022 $12,124 $970,020 $766,020 $204,000
2021 $10,685 $850,000 $650,000 $200,000
2020 $10,232 $805,800 $561,000 $244,800
2019 $10,112 $790,000 $550,000 $240,000
2018 $8,787 $690,000 $482,600 $207,400
2016 $6,319 $510,000 $356,700 $153,300
2015 $5,817 $480,000 $335,700 $144,300
2014 $5,609 $455,000 $318,200 $136,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20216239

California Regional Multiple Listing Service (CRMLS)

APN: 7253-028-025