NOT LISTED FOR SALE

Estimated Value: $1,177,351 - $1,257,000

5 Beds
5 Baths
2,734 Sq Ft
$446/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $1,045,000 $382 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,777/month

53 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Primary Bedroom Suite
  • Woodrow Wilson High School Rated A
  • No Units Above
  • Property is near a park

About This Home

As of September 2022

PRICED REDUCED $100k. Aloha and welcome to 1347 and 1349 Bennett Ave in the popular Long Beach “Zaferia” neighborhood.
Situated in the middle of a quiet, tree lined street, this Duplex offers #1349 consisting of 3 bedrooms, 1
¾ baths upstairs plus a downstairs ½ bath and delightful patio backyard. #1347 consists of a 2 bedroom,
1 bath upstairs and ¾ bath downstairs. Tenants are long time occupants and are currently on month to month lease agreements.With quick access to Recreation Park Golf Course and Tennis Center, Zaferia shopping area, Long Beach Airport and Freeways, this duplex offers amazing potential.
It's listed for sale in “As Is” condition and priced to accommodate some touch up improvements.

Last Agent to Sell the Property

Douglas Freeman

Arbor Real Estate Group License #01077434 Listed on: 07/01/2022

Last Buyer's Agent

Juan Aguirre

Realty Masters & Associates License #01886773

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,776

Year Built

  • Built in 1976

Lot Details

  • 4,179 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Masonry wall
  • Wood Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway Level

Home Design

  • Duplex
  • Patio Home
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Asphalt Roof
  • Cement Siding
  • Stucco

Interior Spaces

  • 2,734 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Free-Standing Range
  • Tile Countertops
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating System
  • Overhead Utilities
  • Natural Gas Connected
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas, sewer, telephone, trash collection
  • Tax Lot 9
  • Tax Tract Number 6399
  • Assessor Parcel Number 7253026009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $865
  • Trash Expense $250
  • Water Sewer Expense $800
  • Operating Expense $1,865
  • Gross Income $32,244
  • Net Operating Income $30,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,776

Year Built

Built in 1976

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 549500
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Zaferia District
  • View: No
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7253026009
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Pantry, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 382.22
  • Room Type: All Bedrooms Up, Galley Kitchen, Kitchen, Living Room, Master Suite

Exterior Features

  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • Fence: Yes
  • Fencing: Masonry, Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Cement Siding, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet, Inside
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Patio Home, Paved, Utilities - Overhead
  • Lot Size Sq Ft: 4179.00
  • Lot Size Acres: 0.0959
  • Latitude Manual: 33.78384800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Sewer, Telephone, Trash Collection

Multi Family

  • Gross Income: 32244.00
  • Gross Operating Income: 32244.00
  • Gross Scheduled Income: 32244.00
  • Insurance Expense: 865.00
  • Lot Size Area: 4179.0000 Square Feet
  • Net Operating Income: 30379.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 1865.00
  • Rent Control: No
  • Total Actual Rent: 2687.00
  • Total Expenses: 1865.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 9
  • Tax Tract Number: 6399

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2024
Sold by
Gatewood Valentina
Bought by
Valentina Gatewood Family Trust and Gatewood
Current Estimated Value
$1,218,838

Purchase Details

Listed on
Jul 1, 2022
Closed on
Sep 22, 2022
Sold by
Poston Jr Clark S
Bought by
Gatewood Valentina and Triboletti Kenneth
Seller's Agent
Douglas Freeman
Arbor Real Estate Group
Buyer's Agent
Juan Aguirre
Realty Masters & Associates
List Price
$1,199,900
Sold Price
$1,045,000
Premium/Discount to List
-$154,900
-12.91%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$1,026,072
Interest Rate
5.22%
Mortgage Type
FHA
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
Valentina Gatewood Family Trust -- None Listed On Document
Gatewood Valentina $1,045,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gatewood Valentina $1,026,072
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $1,045,000 -4.9% $382 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $1,099,000 -8.4% $402 / Sq Ft
07/01/2022 07/01/22 For Sale $1,199,900 -- $439 / 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 $13,776 $1,087,218 $624,240 $462,978
2024 $13,776 $1,065,900 $612,000 $453,900
2023 $13,549 $1,045,000 $600,000 $445,000
2022 $2,644 $177,596 $27,506 $150,090
2021 $2,575 $174,115 $26,967 $147,148
2019 $2,539 $168,953 $26,168 $142,785
2018 $2,398 $165,641 $25,655 $139,986
2016 $2,191 $159,210 $24,659 $134,551
2015 $2,111 $156,819 $24,289 $132,530
2014 $2,108 $153,748 $23,814 $129,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22142012

California Regional Multiple Listing Service (CRMLS)

APN: 7253-026-009