NOT LISTED FOR SALE

Estimated Value: $1,254,000 - $1,736,000

7 Beds
2 Baths
3,618 Sq Ft
$407/Sq Ft Est. Value

Last Sold June 11, 2020

Last sale price $1,080,000 $299 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,107/month

72 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Landscaped

About This Home

As of June 2020

Turn-key Spanish style property in the Heart of Long Beach. This Corner Building of 4 Large Units consists of One 4 Bedroom & Three 3 Bedroom Units. 4 Covered garages situated within a property security gate for added safety. The Units benefit from a corner location right off Pacific Coast Highway, within walking distance to restaurants and nightlife. 1 unit has been renovated leaving significant upside on remaining 3 units.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 02/18/2020

Last Buyer's Agent

Chris Miller

Miller Real Estate License #01723166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,236

Year Built

  • Built in 1929

Lot Details

  • 4,031 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 4 Car Garage

Home Design

  • 3,618 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 7261014020

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • Operating Expense $21,340
  • Gross Income $72,216
  • Net Operating Income $47,266

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,236

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7261014020
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 298.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 4031.00
  • Lot Size Acres: 0.0925

Multi Family

  • Gross Income: 72216.00
  • Gross Multiplier: 15.22
  • Gross Scheduled Income: 72216.00
  • Lot Size Area: 4031.0000 Square Feet
  • Net Operating Income: 47266.00
  • Number Of Units Total: 4
  • Operating Expense: 21340.00
  • Rent Control: Yes
  • Total Expenses: 21340.00
  • Vacancy Allowance: 3610

Tax Info

  • Tax Census Tract: 5752.02
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2022
Sold by
Charles Nuttall Matthew
Bought by
Eleven53 Llc
Current Estimated Value
$1,472,387

Purchase Details

Closed on
Aug 22, 2021
Sold by
Nuttall Matthew Charles and Nuttall Matthew C
Bought by
Nuttall Matthew Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,054,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2020
Closed on
May 21, 2020
Sold by
Nuttall Stephanie E
Bought by
Nuttall Matthew C
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$1,099,000
Sold Price
$1,080,000
Premium/Discount to List
-$19,000
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Original Mortgage
$1,060,438
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 18, 2020
Closed on
May 13, 2020
Sold by
South Water Street Llc
Bought by
Nuttall Matthew C
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$1,099,000
Sold Price
$1,080,000
Premium/Discount to List
-$19,000
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,438
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 19, 2016
Closed on
Mar 27, 2017
Sold by
Gaviota Apartments Llc
Bought by
South Water Street Llc
Seller's Agent
Ron Werner
Vista Sotheby’s International Realty
Buyer's Agent
Steve Day
Day & Associates
List Price
$950,000
Sold Price
$913,750
Premium/Discount to List
-$36,250
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$325,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2010
Sold by
Cooper Scott
Bought by
Gaviota Apartments Llc

Purchase Details

Closed on
May 25, 2010
Sold by
Us Bank National Association
Bought by
Cooper Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2010
Sold by
Nguyen Dustin and Nguyen Thuy L
Bought by
Us Bank National Association

Purchase Details

Closed on
Apr 22, 2005
Sold by
Tang Binh
Bought by
Nguyen Dustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,724
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 14, 2004
Sold by
Tang Tien
Bought by
Tang Binh

Purchase Details

Closed on
Jun 23, 2004
Sold by
Helmle Carl and Helmle Shannon
Bought by
Tang Tien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2003
Sold by
Helmle Carl
Bought by
Helmle Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2002
Sold by
Compian Linda Faye
Bought by
Compian Frank Thomas

Purchase Details

Closed on
Nov 5, 2001
Sold by
Helmie Shannon
Bought by
Helmie Carl

Purchase Details

Closed on
Oct 23, 2001
Sold by
Compian Frank T and Compian Linda F
Bought by
Helmie Carl
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
Eleven53 Llc -- Simplifile
Nuttall Matthew Charles -- California Title Company
Nuttall Matthew C -- First American Title Company
Nuttall Matthew C $1,080,000 First American Title Company
South Water Street Llc $914,000 Usa National Title Co
Moore John -- Usa National Title Co
Gaviota Apartments Llc $101,000 Lawyers Title
Cooper Scott $530,000 Lawyers Title Company
Us Bank National Association $356,250 None Available
Nguyen Dustin $850,000 Diversified Title
Tang Binh -- --
Tang Tien $620,000 North American Title Co
Helmle Carl -- North American Title Co
Compian Frank Thomas -- --
Helmie Carl -- First American Title Co
Helmie Carl $230,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nuttall Matthew Charles $1,054,000
Previous Owner Nuttall Matthew C $1,060,438
Previous Owner South Water Street Llc $325,000
Previous Owner Cooper Scott $378,750
Previous Owner Nguyen Dustin $591,500
Previous Owner Tang Tien $434,000
Previous Owner Helmle Carl $290,500
Closed Nguyen Dustin $169,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2020 06/11/20 Sold $1,080,000 -1.7% $299 / Sq Ft
02/18/2020 02/18/20 For Sale $1,099,000 +20.3% $304 / Sq Ft
04/10/2017 04/10/17 Sold $913,750 -3.8% $253 / Sq Ft View Prior Sale
02/21/2017 02/21/17 Pending -- -- --
11/19/2016 11/19/16 For Sale $950,000 -- $263 / 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 $15,236 $1,181,132 $634,312 $546,820
2024 $15,236 $1,157,974 $621,875 $536,099
2023 $14,979 $1,135,270 $609,682 $525,588
2022 $14,062 $1,113,011 $597,728 $515,283
2021 $13,775 $1,091,188 $586,008 $505,180
2020 $12,418 $970,203 $557,134 $413,069
2019 $12,273 $951,185 $546,210 $404,975
2018 $11,934 $932,540 $535,500 $397,040
2016 $7,243 $573,595 $216,451 $357,144
2015 $6,959 $564,980 $213,200 $351,780
2014 $6,925 $553,914 $209,024 $344,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20035832

California Regional Multiple Listing Service (CRMLS)

APN: 7261-014-020