NOT LISTED FOR SALE

Estimated Value: $933,000 - $1,090,000

6 Beds
3 Baths
2,341 Sq Ft
$433/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $959,000 $410 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,386/month

66 Days on Market

Highlights

  • Golf Course Community
  • Landscaped
  • Rectangular Lot
  • Alvarado Elementary Rated 9+
  • 6 Car Garage
  • Front Yard

About This Home

As of November 2023

This triplex is perfect for an investor or for an owner-user, as there is a detached 2 bedroom/1-bathroom single family home in the front, and then two additional 2 bedroom/1-bathroom units in the rear over three private 2 car garages, totaling a rare 6 garage spaces for the property! The rear structure was built in 1990, and both rear units have been remodeled. The sunny and bright kitchens feature laminate flooring, crisp white cabinetry, granite countertops, and sparkling appliances, including stoves and dishwashers. Don’t miss the granite countertops in the bathrooms, ceiling fans throughout, and mirrored closet doors. This property will be in close proximity to the 2028 Olympics, is a short drive to the beach, and is close to restaurants, shopping, and nightlife in downtown Long Beach! Long Beach City College is also right around the corner. Hurry before it is too late!

Last Agent to Sell the Property

Danielle Whitney Moore

Keller Williams Realty License #01715547 Listed on: 08/04/2023

Keller Williams Realty

Co-Listed By

Lauren Yi

Keller Williams Realty License #02100328

Last Buyer's Agent

Jamie Ambrose

Keller Williams South Bay License #02113379

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,608

Year Built

  • Built in 1920

Lot Details

  • 6,178 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Side Facing Garage
  • Three Garage Doors
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,341 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 33 / B
  • Tax Tract Number 2062
  • Assessor Parcel Number 7210039037
  • $680 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Golf Course Community

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,692
  • Pest Control $2,121
  • Water Sewer Expense $2,717
  • New Taxes Expense $12,313
  • Operating Expense $19,443
  • Gross Income $46,267
  • Net Operating Income $26,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,608

Year Built

Built in 1920

Lot Details

0

Parking

6

Listing Details

  • CapRate: 2.70
  • Property Attached: Yes
  • Water Sewer Expenses: 2717.00
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7210039037
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 409.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Side, Garage - Three Door
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Pest Control Expense: 2121.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 6178.00
  • Lot Size Acres: 0.1418

Multi Family

  • Average2 Bed Area: 715 Square Feet
  • Gross Income: 46267.00
  • Gross Multiplier: 21.29
  • Gross Scheduled Income: 46267.00
  • Insurance Expense: 1692.00
  • Lot Size Area: 6178.0000 Square Feet
  • Net Operating Income: 26824.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19443.00
  • Rent Control: No
  • Total Expenses: 19443.00

Tax Info

  • New Taxes Expense: 12313.00
  • Tax Block: B
  • Tax Census Tract: 5733.00
  • Tax Lot: 33
  • Tax Tract Number: 2062
  • TaxOtherAnnualAssessmentAmount: 680.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Nov 16, 2023
Sold by
Romero Calixto Roxanne
Bought by
Calixto Philip
Seller's Agent
Danielle Whitney Moore
Keller Williams Realty
Buyer's Agent
Jamie Ambrose
Keller Williams South Bay
List Price
$985,000
Sold Price
$959,000
Premium/Discount to List
-$26,000
-2.64%
Views
554
Current Estimated Value
$1,014,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,178
Avg. Annual Appreciation
2.93%
Original Mortgage
$719,250
Outstanding Balance
$706,066
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$308,112

Purchase Details

Listed on
Aug 4, 2023
Closed on
Oct 18, 2023
Sold by
Maguire Michael Pierce and Maguire Susan Sally
Bought by
Calixto Philip and Calixto Genaro
Seller's Agent
Danielle Whitney Moore
Keller Williams Realty
Buyer's Agent
Jamie Ambrose
Keller Williams South Bay
List Price
$985,000
Sold Price
$959,000
Premium/Discount to List
-$26,000
-2.64%
Views
554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,250
Outstanding Balance
$706,066
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$308,112

Purchase Details

Closed on
Feb 9, 2017
Sold by
Maguire Michael P
Bought by
Maguire Michael Pierce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,161
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 5, 2013
Closed on
Jul 13, 2013
Sold by
Ramsey Sean R
Bought by
Maguire Michael P
Seller's Agent
Jason Randall
Randall Realty
Buyer's Agent
Danielle Whitney Moore
Keller Williams Realty
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$487,179
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ramsey Sean R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,648
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2011
Sold by
Onewest Bank Fsb
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 10, 2011
Sold by
Wade Ronald W and Wade Laurie
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Jun 5, 2007
Sold by
Wade Ronald W and Wade Laurie
Bought by
Wade Ronald W and Wade Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2006
Sold by
Wade Ronald W and Wade Laurie L
Bought by
Wade Ronald W and Wade Laurie L

Purchase Details

Closed on
Oct 24, 1994
Sold by
Wade Ronald W and Wade Laurie L
Bought by
Wade Ronald W and Wade Laurie L
Source: Public Records

Range of Values:

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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
Calixto Philip -- Fidelity National Title
Calixto Philip $959,000 Fidelity National Title
Maguire Michael Pierce -- Fidelity National Title
Maguire Michael P $510,000 Progressive
Ramsey Sean R $290,000 Ticor Title Riverside
Federal Home Loan Mortgage Corp -- Ticor Title
Onewest Bank Fsb $332,250 Ticor Title
Wade Ronald W -- Commonwealth Land Title Co
Wade Ronald W -- Commonwealth Land Title Co
Wade Ronald W -- None Available
Wade Ronald W -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calixto Philip $719,250
Previous Owner Maguire Michael Pierce $462,161
Previous Owner Maguire Michael P $487,179
Previous Owner Ramsey Sean R $282,648
Previous Owner Wade Ronald W $476,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2023 11/21/23 Sold $959,000 +0.9% $410 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
10/02/2023 10/02/23 Price Changed $950,000 -2.6% $406 / Sq Ft
09/15/2023 09/15/23 Price Changed $975,000 -1.9% $416 / Sq Ft
09/07/2023 09/07/23 Price Changed $994,000 -0.1% $425 / Sq Ft
08/26/2023 08/26/23 Price Changed $995,000 +1.0% $425 / Sq Ft
08/04/2023 08/04/23 For Sale $985,000 +93.1% $421 / Sq Ft
08/22/2013 08/22/13 Sold $510,000 +2.2% $218 / Sq Ft View Prior Sale
06/24/2013 06/24/13 Pending -- -- --
06/05/2013 06/05/13 For Sale $499,000 -- $213 / 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 $12,608 $978,180 $413,100 $565,080
2024 $12,608 $959,000 $405,000 $554,000
2023 $8,175 $600,902 $235,647 $365,255
2022 $7,685 $589,121 $231,027 $358,094
2021 $7,525 $577,571 $226,498 $351,073
2020 $7,505 $571,650 $224,176 $347,474
2019 $7,419 $560,442 $219,781 $340,661
2018 $7,141 $549,454 $215,472 $333,982
2016 $6,569 $528,120 $207,106 $321,014
2015 $6,309 $520,189 $203,996 $316,193
2014 $6,275 $510,000 $200,000 $310,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23143554

California Regional Multiple Listing Service (CRMLS)

APN: 7210-039-037