NOT LISTED FOR SALE

Estimated Value: $751,000 - $885,071

3 Beds
2 Baths
1,424 Sq Ft
$566/Sq Ft Est. Value

Last Sold May 18, 2020

Last sale price $515,000 $362 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,849/month

138 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • Ceiling Fan

About This Home

As of May 2020

Great Investment Opportunity. FIXER UPPER INCOME PROPERTY in Long Beach. Two houses on a lot! Front unit is 1 bedroom and 1 bath (450 Sq ft), the back house is 2 bedrooms and 1 bath (973 Sq ft) .Perfect for owner occupied or as two rentals. Each unit has a private fenced yard. Parking in the front for 4 cars. Located near the traffic circle, parks, shopping areas, restaurants, Cal State Long Beach and the VA hospital. A large tool shed is on the property for storage Go thru the alley for entrance of the property. Sweat Equity, this lot is 6,459 , Built in 1934, Bring your contractors to inspect the place. Possible to build an ADU.
Buyer is advised to independently investigate all aspects of the property (including but not limited to, permits and uses, bed/bath counts, square footage, schools and their enrollment availability), verify the accuracy of all information provided through personal inspection & with appropriate professionals to Buyer's satisfaction.

Last Agent to Sell the Property

Celia Chu

COLDWELL BANKER TOWN & COUNTRY License #01205459 Listed on: 11/10/2019

COLDWELL BANKER TOWN & COUNTRY

Last Buyer's Agent

Eric Christopher

WSC Realty Advisors Inc. License #01270278

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 6,459 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,424 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Oven
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for trash collection
  • Legal Lot and Block 12 / 3
  • Tax Tract Number 1981
  • Assessor Parcel Number 7253008014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,800
  • Operating Expense $10,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

6,459 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR2N
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7253008014
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 361.66
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6459.00
  • Lot Size Acres: 0.1483

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6459.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Expenses: 10200.00

Tax Info

  • New Taxes Expense: 7800.00
  • Tax Block: 3
  • Tax Census Tract: 5750.02
  • Tax Lot: 12
  • Tax Tract Number: 1981

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2023
Sold by
Ferrario Jeffery and Ferrario Jennifer
Bought by
Jj Ferrario Trust
Current Estimated Value
$805,768

Purchase Details

Closed on
Feb 14, 2020
Sold by
Calica David R and Calica Nicholas C
Bought by
Ferrario Jeffery and Ferrario Jennifer

Purchase Details

Closed on
Oct 9, 1996
Sold by
Calica Nicolas and Calica Lourdes
Bought by
Calica Nicolas and Calica Lourdes A
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Jj Ferrario Trust -- --
Ferrario Jeffery -- None Listed On Document
Ferrario Jeffery $515,000 Chicago Title Company
Calica Nicolas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2020 05/18/20 Sold $515,000 -6.4% $362 / Sq Ft
03/11/2020 03/11/20 Price Changed $550,000 -6.5% $386 / Sq Ft
03/09/2020 03/09/20 Price Changed $588,000 -2.0% $413 / Sq Ft
01/03/2020 01/03/20 Price Changed $600,000 -4.0% $421 / Sq Ft
11/10/2019 11/10/19 For Sale $625,000 -- $439 / 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 $7,336 $563,223 $453,860 $109,363
2024 $7,336 $552,180 $444,961 $107,219
2023 $7,213 $541,354 $436,237 $105,117
2022 $6,776 $530,740 $427,684 $103,056
2021 $6,645 $520,335 $419,299 $101,036
2020 $878 $36,021 $12,968 $23,053
2019 $870 $35,315 $12,714 $22,601
2018 $726 $34,623 $12,465 $22,158
2016 $671 $33,281 $11,982 $21,299
2015 $652 $32,783 $11,803 $20,980
2014 $662 $32,142 $11,572 $20,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19262196

California Regional Multiple Listing Service (CRMLS)

APN: 7253-008-014

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