RENTED MAY 1, 2025

Estimated Value: $1,016,000 - $1,085,000

5 Beds
3 Baths
3,031 Sq Ft
$346/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $850,000 $280 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,501/month

Highlights

  • Fishing
  • City Lights View
  • Dual Staircase
  • Alvarado Elementary Rated 9+
  • Updated Kitchen
  • 4-minute walk to Jenni Rivera Memorial Park

About This Home

As of May 2025

**Expansive Multi-Use Property Near the Beach!**
Welcome to 1342 E Wesley Drive, Long Beach a truly unique and massive property offering endless possibilities! Boasting 7 bedrooms and 5 full bathrooms, this home is perfect for large families, multi-generational living, or even investment opportunities like a nursing home. With two separate kitchens, the layout allows for dual living spaces, making it ideal for extended families. Ample parking, a detached garage, and convenient back alley access provide flexibility for multiple vehicles, work trucks, or even an ADU conversion. Located just minutes from the beach, you’ll enjoy coastal living with easy access to Shoreline Village, Belmont Shore, and The Pike Outlets—all offering vibrant dining, shopping, and entertainment. Commuters will appreciate the proximity to the **405, 710, and 605 freeways**, ensuring seamless travel throughout Southern California. This is a rare gem with unlimited potential, so don’t miss out on making it yours! Call today to schedule a private showing!

Last Agent to Rent the Property

LUIS CORTES

Coldwell Banker Envision Brokerage Phone: 909-525-0586 License #02172090 Listed on: 03/24/2025

Coldwell Banker Envision

Last Renter's Agent

Andrew Tyree

eXp Realty of Greater Los Angeles License #02130570

eXp Realty of Greater Los Angeles

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 6,258 Sq Ft Lot
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LBR2N

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 3,031 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Loft
  • Carpet
  • City Lights Views

Kitchen

  • Updated Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Additional Features

  • More Than Two Accessible Exits
  • Floor Furnace

Listing and Financial Details

  • Security Deposit $7,500
  • 12-Month Minimum Lease Term
  • Available 3/24/25
  • Legal Lot and Block 15 / B
  • Tax Tract Number 2062
  • Assessor Parcel Number 7210039016

Community Details

Overview

  • No Home Owners Association
  • Poly High Subdivision

Recreation

  • Fishing
  • Dog Park
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent
  • Available Date: 2025-03-24
  • Credit Check Paid By: Tenant
  • Deposit Other: 7500
  • Deposit Pets: 500
  • Deposit Security: 7500
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call, Cats OK, Dogs OK
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Zoning: LBR2N
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7210039016
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3031.00 Square Feet
  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.47
  • Room Type: Loft, Main Floor Primary Bedroom
  • Bathroom Features: Bathtub, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 6258.00
  • Lot Size Acres: 0.1437

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6258.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5733.00
  • Tax Lot: 15
  • Tax Tract Number: 2062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2016
Sold by
Sylmar Llc
Bought by
Madrigal Jose Luis and Madrigal Martha
Current Estimated Value
$1,048,814

Purchase Details

Closed on
Sep 19, 2014
Sold by
Madrigal Jose Luis
Bought by
Sylma Llc

Purchase Details

Closed on
Jan 15, 2014
Sold by
Total Management & Investments Llc
Bought by
Parade Crossing Llc

Purchase Details

Closed on
Dec 23, 2013
Sold by
Sanchez Jorge
Bought by
Parade Crossing Llc

Purchase Details

Closed on
Dec 17, 2013
Sold by
Parade Crossing Llc
Bought by
Madrigal Luis and Madrigal Martha

Purchase Details

Closed on
Mar 25, 2013
Sold by
Arellano Jose L
Bought by
Total Management & Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2011
Sold by
1342 East Wesley Drive Revocable Trust
Bought by
Arellano Jose L and Arellano Sara

Purchase Details

Closed on
Oct 30, 1995
Sold by
Marable Martha
Bought by
Arellano Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,041
Interest Rate
7.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Madrigal Jose Luis -- None Available
Sylma Llc -- Lawyers Title
Parade Crossing Llc -- None Available
Parade Crossing Llc -- None Available
Madrigal Luis -- None Available
Total Management & Investments Llc $325,000 Fidelity National Title Oran
Arellano Jose L -- None Available
Arellano Jose L $121,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Total Management & Investments Llc $235,000
Previous Owner Arellano Jose L $120,041
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2025 05/01/25 Rented $7,500 0.0% --
03/24/2025 03/24/25 For Rent $7,500 0.0% --
10/29/2021 10/29/21 Sold $850,000 +1.8% $280 / Sq Ft View Prior Sale
08/07/2021 08/07/21 For Sale $835,000 +156.9% $275 / Sq Ft
12/30/2012 12/30/12 Sold $325,000 0.0% $107 / Sq Ft View Prior Sale
10/16/2012 10/16/12 Pending -- -- --
03/21/2012 03/21/12 For Sale $325,000 -- $107 / 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 $12,077 $902,025 $603,296 $298,729
2024 $11,558 $884,339 $591,467 $292,872
2023 $11,370 $867,000 $579,870 $287,130
2022 $10,677 $850,000 $568,500 $281,500
2021 $7,734 $604,184 $428,880 $175,304
2019 $7,625 $586,265 $416,160 $170,105
2018 $7,328 $574,770 $408,000 $166,770
2016 $6,090 $497,472 $365,490 $131,982
2015 $5,900 $494,690 $356,993 $137,697
2014 $4,056 $326,475 $200,908 $125,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25063419

California Regional Multiple Listing Service (CRMLS)

APN: 7210-039-016