NOT LISTED FOR SALE

Estimated Value: $1,133,000 - $1,231,822

4 Beds
3 Baths
1,389 Sq Ft
$855/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $1,145,000 $824 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,453/month

28 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Los Cerritos Elementary School Rated A
  • Ceiling Fan
  • Wall Furnace

About This Home

As of May 2024

Luxury Live Auction! Bidding to start from $900,000! PRISTINE Long Beach Duplex near the sought after Bixby Knolls community with separate additional Studio unit! Fantastic Investment Opportunity! Units are: 2 Bedroom 1 Bath, 1 Bedroom 1 Bath and a Studio. The main 2 units have open and spacious floor plans with gorgeous luxury vinyl plank floors, remodeled baths and lots of natural light. There’s also an extra large fenced in backyard perfect for relaxing and entertaining. Other amenities include 2 separate 1 car garages each with laundry hookups, dual pane insulated windows, ceiling fans and lots of additional off-street parking. Close to parks, shopping, schools and Bixby Knolls restaurants and nightlife.

Last Agent to Sell the Property

Grant Doelp

Harcourts Prime Properties Brokerage Phone: 949-485-8576 License #01840451 Listed on: 02/22/2024

Harcourts Prime Properties

Last Buyer's Agent

Gustavo Lema

Gustavo Lema, Broker License #00903911

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,015 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,389 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 16523
  • Assessor Parcel Number 7141005038
  • $458 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Los Cerritos Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $192
  • Fuel Expense $168
  • Gardener Expense $720
  • Insurance Expense $756
  • Trash Expense $840
  • Water Sewer Expense $840
  • Operating Expense $3,516
  • Net Operating Income $75,684

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Los Cerritos (LC)
  • Water Sewer Expenses: 840.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7141005038
  • Year Built: 1948
  • Special Features: Auction

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 824.33
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level
  • Lot Size Sq Ft: 6015.00
  • Lot Size Acres: 0.1381

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 192.00
  • Fuel Expense: 168.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 756.00
  • Lot Size Area: 6015.0000 Square Feet
  • Net Operating Income: 75684.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 3516.00
  • Rent Control: No
  • Total Actual Rent: 995.00
  • Total Expenses: 3516.00

Tax Info

  • Tax Census Tract: 5779.00
  • Tax Lot: 4
  • Tax Tract Number: 16523
  • TaxOtherAnnualAssessmentAmount: 458.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Mar 26, 2024
Sold by
Eldridge Tom R
Bought by
Gomez Alfonso
Seller's Agent
Grant Doelp
Harcourts Prime Properties
Buyer's Agent
Gustavo Lema
Gustavo Lema, Broker
List Price
$900,000
Sold Price
$1,145,000
Premium/Discount to List
$245,000
27.22%
Views
6
Current Estimated Value
$1,188,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,206
Avg. Annual Appreciation
2.27%
Original Mortgage
$916,000
Outstanding Balance
$901,439
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$286,767
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gomez Alfonso $1,145,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Alfonso $916,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2024 05/01/24 Sold $1,145,000 0.0% $824 / Sq Ft
05/01/2024 05/01/24 Sold $1,145,000 +27.2% $824 / Sq Ft View Prior Sale
03/21/2024 03/21/24 Pending -- -- --
03/21/2024 03/21/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $900,000 0.0% $648 / Sq Ft
02/22/2024 02/22/24 For Sale $900,000 -- $648 / 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 $2,506 $1,167,900 $861,900 $306,000
2024 $2,506 $164,297 $102,214 $62,083
2023 $2,462 $161,076 $100,210 $60,866
2022 $2,323 $157,919 $98,246 $59,673
2021 $2,268 $154,823 $96,320 $58,503
2019 $2,234 $150,233 $93,464 $56,769
2018 $2,115 $147,288 $91,632 $55,656
2016 $1,945 $141,571 $88,075 $53,496
2015 $1,874 $139,446 $86,753 $52,693
2014 $1,874 $136,715 $85,054 $51,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24037174

California Regional Multiple Listing Service (CRMLS)

APN: 7141-005-038