$895,000
SOLD JAN 31, 2025
7 Beds
4 Baths
2,632 Sq Ft
6,661 Sq Ft Lot

Recently Sold

$340 Per Sq Ft

9 Days on Market

About This Home

As of January 2025

Two homes on one lot on a quiet street in North Long Beach. Perfect opportunity for an owner occupant or investor.

The front unit is a spacious 3bed/2bath house with an attached garage, laundry hookups, and private front and side yard. The unit has just undergone a full renovation. Renovations include: high quality vinyl flooring, refaced kitchen cabinets, and new stove. The majority of the home has upgraded double pane vinyl windows. The bathrooms were given a full overhaul with new tile surround, new vanities, and more. All new paint throughout.

The back house features 4beds/2baths with an attached garage and a private front yard. The unit is currently occupied and there is over 39% upside in rent for a new owner to capitalize on. There is also potential to convert part of the unit into an ADU (Buyer to do their own investigations regarding ADU potential).

Last Agent to Sell the Property

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 12/09/2024

Last Buyer's Agent

Maria Cabrera

Excellence RE Real Estate License #01979130

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,032

Year Built

  • Built in 1939

Lot Details

  • 6,661 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,632 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 6442
  • Assessor Parcel Number 7304028008
  • $738 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,400
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,221
  • New Taxes Expense $11,188
  • Operating Expense $17,269
  • Net Operating Income $43,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,032

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.90
  • Price Per Unit: 447500
  • Property Attached: No
  • Water Sewer Expenses: 1221.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7304028008
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 340.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6661.00
  • Lot Size Acres: 0.1529

Multi Family

  • Gross Multiplier: 14.17
  • Gross Scheduled Income: 63158.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6661.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 43994.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17269.00
  • Rent Control: Yes
  • Total Expenses: 17269.00
  • Vacancy Allowance: 1895
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11188.00
  • Tax Census Tract: 5704.03
  • Tax Lot: 11
  • Tax Tract Number: 6442
  • TaxOtherAnnualAssessmentAmount: 738.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2024
Closed on
Jan 28, 2025
Sold by
Barbara R Chrispin Trust and Motley Ena
Bought by
Olbera Marcus R
Seller's Agent
Cody Charnell
Sage Real Estate Group, Inc.
Buyer's Agent
Maria Cabrera
Excellence RE Real Estate
List Price
$895,000
Sold Price
$895,000
Views
52
Current Estimated Value
$907,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,887
Avg. Annual Appreciation
2.50%

Purchase Details

Listed on
Oct 13, 2014
Closed on
Nov 21, 2014
Sold by
Intercity Developers Inc
Bought by
Chrispin Barbara
Seller's Agent
Erin Paul
TDC/Pacific Properties Inc.
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$419,000
Sold Price
$430,000
Premium/Discount to List
$11,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$393,772
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 23, 2010
Sold by
Angeletti Kim and Angeletti Exie V
Bought by
Intercity Developers Llc

Purchase Details

Closed on
Jan 16, 2004
Sold by
Angeletti Exie V and Angeletti Kim
Bought by
Angeletti Kim and Angeletti Exie V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2001
Sold by
Clinton Exie V
Bought by
Clinton Exie V and Angeletti Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.12%

Purchase Details

Closed on
Apr 8, 1997
Sold by
Allen John L
Bought by
Clinton Exie V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.86%
Source: Public Records

Similar Homes in the area

  • 324 W 9th St, Long Beach, CA 90813

    $1,100,000

    • 8 Beds
    • 1 Bath
    • 3,372 Sq Ft
    • 324 W 9th St
    • Long Beach, CA

    Located in the heart of Long Beach's sought-after Willmore District, this classic brick 4-plex offers timeless charm and solid investment potential. Each of the four units features 2 bedrooms and 1 bathroom, providing spacious and functional layouts ideal for tenants or owner occupied seeking comfort and convenience. Each unit also has their own laundry with washer and dryer hook ups.The

    Harold Betts The RECollective

    Section Image
  • 296 E Marker St, Long Beach, CA 90805

    $1,100,000

    • 6 Beds
    • 4 Baths
    • 3,411 Sq Ft
    • 296 E Marker St
    • Long Beach, CA

    **CALLING ALL INVESTORS**Welcome to 296 E Marker St! A spacious duplex with tons of potential. Sitting on an expansive corner lot, this well-laid-out property features two attached units—perfect for investors or owner-occupants looking to offset their mortgage with rental income. The larger unit includes 4 spacious bedrooms and 2 full bathrooms, while the second unit offers 2 bedrooms and 2

    Sheena Pratt Wedgewood Homes Realty

    Section Image
  • 195 E Hullett St, Long Beach, CA 90805

    $975,000

    • 6 Beds
    • 3 Baths
    • 2,290 Sq Ft
    • 195 E Hullett St
    • Long Beach, CA

    Great Investment Opportunity in North Long Beach.Presenting a fantastic opportunity! This tri-plex features three 2-bedroom, 1-bathroom units, each offering solid rental potential. These units provide a great foundation for investors looking to add value and increase rental income.-Property Features:Three 2-bedroom, 1-bathroom units.Three separate garages for tenants or also

    Mary Robles Pak Home Realty

    Section Image
  • 6001 California Ave, Long Beach, CA 90805

    $1,099,000

    • 7 Beds
    • 4 Baths
    • 3,115 Sq Ft
    • 6001 California Ave
    • Long Beach, CA

    Triplex. property Profile indicates 7 Bedrooms and 4 Baths. Units all attached. Appears to have a double garage and a single garage off cement alley. I have seen the inside of 6003 and 6005 and have met the tenants in those 2 units. Very nice tenants. Both are 2 bedroom one bath units in good condition. Between the front and the rear of the building on the north side are fencing and gates

    Alan Wignall First Team Real Estate

    Section Image
  • 6824 Marcelle St, Paramount, CA 90723

    $898,900

    • 6 Beds
    • 3 Baths
    • 1,651 Sq Ft
    • 6824 Marcelle St
    • Paramount, CA

    Great Opportunity Multifamily residence. 2 Units. Main Unit has 4 Bedrooms/ 2 Bathrooms, tankless water heater, washer/dryer, 3 cars driveway. All energy efficiency lights and windows, Entire kitchen renewed, quartz countertop, Wall mount range hood, Garbage disposal, Central air, Recently Full termite clearance treatment. Approved by LACDA Section 8.Rear Unit, was converted in 2022, Kitchen

    Edwin Perez Excellence RE Real Estate

    Section Image
  • 328 E 55th St, Long Beach, CA 90805

    $999,995

    • 5 Beds
    • 3 Baths
    • 2,262 Sq Ft
    • 328 E 55th St
    • Long Beach, CA

    Price Reduction> Charming Duplex on 326-328 E, 55th St Long BeachRecently renovated Duplex features two Stand-alone Homes on a spacious lot. The front and back units have been thoughtfully updated. With low maintenance. All utilities separately metered, Zero Landscaping and Laminate Flooring making it a Hassle free property.both units are ideal for Investors.. Garage offering a potential

    Kevin Jones CURB® - 100% Commission Broker

    Section Image
  • 42 W Mountain View St, Long Beach, CA 90805

    $1,099,000

    • 6 Beds
    • 3 Baths
    • 2,375 Sq Ft
    • 42 W Mountain View St
    • Long Beach, CA

    Owned for 36 years, this triplex presents a rare chance to own and invest in a long-term income property. The seller has lived in one unit and rented the other two to the same tenants for 35 years, showcasing its stability and appeal. Whether you choose to occupy one unit and offset costs with rental income or keep all three as an investment, the possibilities are strong. ~~~The front two

    Kimberly Olbrich CENTURY 21 CITRUS REALTY INC

    Section Image
  • 5636 California Ave, Long Beach, CA 90805

    $999,900

    • 5 Beds
    • 3 Baths
    • 1,928 Sq Ft
    • 5636 California Ave
    • Long Beach, CA

    Charming 2-Unit Property in the Heart of North Long Beach! Don’t miss this fantastic opportunity to own a well-maintained income property in a desirable North Long Beach neighborhood! The front unit is a spacious two-story home featuring 4 bedrooms and 2 full bathrooms, offering plenty of room for a large family or rental potential. The rear unit is a private 1 bedroom, 1 bathroom home situated

    Juan Avendano ReMax College Park Realty

    Section Image
  • 158 W Del Amo Blvd, Long Beach, CA 90805

    $899,000

    • 5 Beds
    • 4 Baths
    • 1,890 Sq Ft
    • 158 W Del Amo Blvd
    • Long Beach, CA

    Live in 1 unit, rent the other and cover half of your mortgage! If you're an investor, take a look at the cash flow with 2 big units having higher rent numbers than most. Step into a living canvas where urban vibrance meets serene coastal charm. This exquisitely reimagined duplex is more than a home — it’s an ode to Long Beach itself, a city where culture, creativity, and community flow

    Melvin Ortiz Realty Masters & Associates

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $895,000 Old Republic Title Company
Grant Deed $430,000 Provident Title Company
Trustee Deed -- Accommodation
Interfamily Deed Transfer -- North American Title Co
Gift Deed -- --
Grant Deed -- American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $393,772 FHA
Previous Owner $492,000 Unknown
Previous Owner $411,250 Stand Alone First
Previous Owner $318,000 Stand Alone First
Previous Owner $244,000 New Conventional
Previous Owner $222,000 Unknown
Previous Owner $198,000 No Value Available
Previous Owner $136,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $895,000 0.0% $340 / Sq Ft
01/31/2025 01/31/25 Sold $895,000 0.0% $340 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
12/19/2024 12/19/24 Pending -- -- --
12/09/2024 12/09/24 For Sale $895,000 0.0% $340 / Sq Ft
12/09/2024 12/09/24 For Sale $895,000 +108.1% $340 / Sq Ft
11/26/2014 11/26/14 Sold $430,000 +2.6% $163 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $419,000 -- $159 / 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 $7,032 $516,787 $240,367 $276,420
2024 $7,032 $506,654 $235,654 $271,000
2023 $6,923 $496,721 $231,034 $265,687
2022 $6,525 $486,982 $226,504 $260,478
2021 $6,395 $477,434 $222,063 $255,371
2020 $6,379 $472,880 $219,787 $253,093
2019 $6,303 $463,616 $215,478 $248,138
2018 $6,027 $454,533 $211,253 $243,280
2016 $5,552 $436,557 $203,050 $233,507
2015 $5,333 $430,000 $200,000 $230,000
2014 $4,793 $376,243 $167,219 $209,024
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24241700

California Regional Multiple Listing Service (CRMLS)

APN: 7304-028-008