NOT LISTED FOR SALE

Estimated Value: $706,000 - $1,027,000

2 Beds
4 Baths
1,728 Sq Ft
$504/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $840,000 $486 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,520/month

143 Days on Market

Highlights

  • Modern Architecture
  • No HOA
  • Vinyl Flooring
  • Long Beach Polytechnic High School Rated A
  • Level Lot
  • Wall Furnace

About This Home

As of December 2022

4 Plex apartment building. All units currently rented offering consistent income to your investment portfolio. This property was just improved, painted and landscaped. Large lot with plenty of parking for 5 vehicles onsite. Upside potential of building a possible ADU or separate unit addition and/or laundry room on large buildable rear area. Centrally located with access to public transportation and the downtown area and beach. The building has separate gas and electric meters. Nice long term occupants. Contact agent for specifics.

Last Agent to Sell the Property

Erik Kaiser

RE/MAX TerraSol License #01111620 Listed on: 02/26/2022

RE/MAX TerraSol

Last Buyer's Agent

Ana Estrada

Foundation Realty License #02166175

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,266 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Modern Architecture
  • Quadruplex
  • Fixer Upper

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Driveway
  • Unpaved Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 21 / B
  • Tax Tract Number 576
  • Assessor Parcel Number 7267010013
  • $9,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Water Sewer Expense $1,200
  • Operating Expense $2,500
  • Gross Income $51,120
  • Net Operating Income $48,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Architectural Style: Modern
  • Property Condition: Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7267010013
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Levels: Two
  • Price Per Square Foot: 486.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Unpaved
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • 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: Level with Street
  • Lot Size Sq Ft: 5266.00
  • Lot Size Acres: 0.1209

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 525 Square Feet
  • Average Studio Area: 350 Square Feet
  • Gross Income: 51120.00
  • Gross Scheduled Income: 51120.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 5266.0000 Square Feet
  • Net Operating Income: 48620.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2500.00
  • Rent Control: No
  • Total Actual Rent: 4035.00
  • Total Expenses: 2500.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5764.02
  • Tax Lot: 21
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 9000.00

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2022 12/09/22 Sold $840,000 -4.0% $486 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $874,999 -2.8% $506 / Sq Ft
06/14/2022 06/14/22 Price Changed $899,999 -2.7% $521 / Sq Ft
03/22/2022 03/22/22 Price Changed $924,999 -5.6% $535 / Sq Ft
02/26/2022 02/26/22 For Sale $979,999 -- $567 / 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 $11,486 $873,936 $567,018 $306,918
2024 $11,486 $856,800 $555,900 $300,900
2023 $11,285 $840,000 $545,000 $295,000
2022 $3,626 $246,644 $98,655 $147,989
2021 $3,539 $241,809 $96,721 $145,088
2019 $3,488 $234,951 $93,853 $141,098
2018 $3,359 $230,351 $92,013 $138,338
2016 $3,098 $221,108 $88,441 $132,667
2015 $2,984 $217,788 $87,113 $130,675
2014 $2,986 $213,523 $85,407 $128,116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22038557

California Regional Multiple Listing Service (CRMLS)

APN: 7267-010-013