$820,000
SOLD MAY 21, 2025
4 Beds
3 Baths
2,001 Sq Ft
3,912 Sq Ft Lot

Recently Sold

$410 Per Sq Ft

13% Below List Price

146 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Bedroom
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Corner Lot
  • 2-minute walk to Douglas Macarthur Park

About This Home

As of May 2025

Your clients will not be happy with you if they miss this OPPORTUNITY !!! Corner Lot Triplex (2 Buildings). Single-family one-story residence on the corner (possible owner's unit) and a two-story duplex behind one-story residence facing side street (Werner St.). Front one-story residence is a 2-bedroom/1-bath, Duplex is two 1-bedroom/1-bath units. There is a single garage and two driveways for off-street parking. Owner lives in front house and both 1-bedroom units in duplex are currently rented. This is a Drive by property only !!! Please do not bother tenants !!! Serious Investors only !!! Please submit offer subject to interior visual inspection !!!

Last Agent to Sell the Property

Rick Payne

OPTIMAX Brokerage Phone: 714-465-0661 License #00953477 Listed on: 11/02/2024

Last Buyer's Agent

Gustavo Rico

NT & Associates, Inc. License #01171199

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,467

Year Built

  • Built in 1921

Lot Details

  • 3,912 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Off-Street Parking

Home Design

  • Triplex
  • Split Level Home
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 2,001 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Free-Standing Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 4011
  • Assessor Parcel Number 7268042006
  • $612 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

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

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,840
  • Water Sewer Expense $960
  • Operating Expense $3,000
  • Gross Income $60,600
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,467

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Water Sewer Expenses: 960.00
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7268042006
  • Year Built: 1921
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 409.80
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Off Street
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 3912.00
  • Lot Size Acres: 0.0898
  • Latitude Manual: 33.78365100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 60600.00
  • Gross Multiplier: 14.86
  • Gross Operating Income: 60600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1840.00
  • Lot Size Area: 3912.0000 Square Feet
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: Yes
  • Total Actual Rent: 3100.00
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 5752.01
  • Tax Lot: 6
  • Tax Tract Number: 4011
  • Tax Annual Amount: 7467.00
  • Tax Year: 2023
  • TaxOtherAnnualAssessmentAmount: 612.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Apr 3, 2025
Sold by
Keo Family Trust and Keo Eric
Bought by
Guzman Pedro
Seller's Agent
Rick Payne
OPTIMAX
Buyer's Agent
Gustavo Rico
NT & Associates, Inc.
List Price
$945,000
Sold Price
$820,000
Premium/Discount to List
-$125,000
-13.23%
Views
74
Current Estimated Value
$846,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,470
Avg. Annual Appreciation
4.71%
Original Mortgage
$574,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2018
Sold by
Keo Eric and Keo Sophie
Bought by
Keo Eric and Keo Sophie

Purchase Details

Listed on
Feb 15, 2015
Closed on
Feb 23, 2015
Sold by
Bell Scott E and The Scott E Bell Revocable Liv
Bought by
Keo Eric and Keo Sophie
Seller's Agent
Stuart Yormak
Trends RE Inc.
Buyer's Agent
Cindy Swan
OPTIMAX
List Price
$469,000
Sold Price
$483,000
Premium/Discount to List
$14,000
2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%
Original Mortgage
$436,000
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Oct 15, 2007
Sold by
Bell Scott
Bought by
Bell Scott E and The Scott E Bell Revocable Liv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2006
Sold by
Bell Scott E
Bought by
Bell Scott E and Scott E Bell Revocable Living

Purchase Details

Closed on
Feb 6, 2002
Sold by
Calderon Antonio
Bought by
Bell Scott E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,647
Interest Rate
6.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 1999
Sold by
Lunn Philip and Polcuch Eric
Bought by
Calderon Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
8.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $820,000 Monarch Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $483,000 Western Resources Title Co
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Southland Title Of San Diego
Interfamily Deed Transfer -- None Available
Grant Deed $240,000 South Coast Title
Grant Deed $142,000 South Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $574,000 New Conventional
Previous Owner $436,000 VA
Previous Owner $381,000 New Conventional
Previous Owner $236,647 FHA
Previous Owner $113,600 No Value Available
Closed $21,300 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2025 05/21/25 Sold $820,000 +2.6% $410 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/12/2025 03/12/25 Price Changed $799,000 -11.1% $399 / Sq Ft
12/06/2024 12/06/24 Price Changed $899,000 -4.9% $449 / Sq Ft
11/02/2024 11/02/24 For Sale $945,000 +95.7% $472 / Sq Ft
04/22/2015 04/22/15 Sold $483,000 +3.0% $241 / Sq Ft View Prior Sale
02/17/2015 02/17/15 Pending -- -- --
02/15/2015 02/15/15 For Sale $469,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,599 $580,487 $240,367 $340,120
2024 $7,599 $569,105 $235,654 $333,451
2023 $7,467 $557,947 $231,034 $326,913
2022 $7,015 $547,007 $226,504 $320,503
2021 $6,866 $536,282 $222,063 $314,219
2020 $6,847 $530,785 $219,787 $310,998
2019 $6,766 $520,378 $215,478 $304,900
2018 $6,546 $510,175 $211,253 $298,922
2016 $6,020 $490,365 $203,050 $287,315
2015 $3,665 $294,996 $103,861 $191,135
2014 -- $289,218 $101,827 $187,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24223964

California Regional Multiple Listing Service (CRMLS)

APN: 7268-042-006