NOT LISTED FOR SALE

1501 E 7th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $944,000 - $1,218,000

5 Beds
2 Baths
2,352 Sq Ft
$452/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $905,000 $385 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,799/month

25 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Kitchen
  • Cooling System Powered By Gas
  • Long Beach Polytechnic High School Rated A
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of April 2021

This is a great opportunity for new buyer to own three units in Long Beach, living in one and rent two to help with mortgage payment or rent them all for future investment. The property has two separated building. The front building has two units, each with three bedroom and one bath and single unit on the back is two bedroom and one bath. Total bedroom is 8. It has 6 assigned parking in the rear and 3 storages. The property has been upgraded recently, new counter and cabinet, new window, new paint inside out and new roof on front units and new plumbing that hooks up to the city line. Property is "sold as is" condition.

Last Agent to Sell the Property

Jim Chhun

First American Team Realty Inc License #01359353 Listed on: 01/10/2021

Last Buyer's Agent

Raymond Ramirez

First American Team Realty Inc License #01818458

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,550

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 6,571 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in fair condition
  • Front Yard

Home Design

  • Triplex
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,352 Sq Ft Home
  • Window Screens
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

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

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3356
  • Assessor Parcel Number 7266001030

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Poly High Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $54,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,550

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Zoning: LBCNR
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7266001030
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Dining Room, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 384.78
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Composition, Other
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6571.00
  • Lot Size Acres: 0.1508

Rental Info

  • Tenant Pays: Other

Multi Family

  • Gross Income: 54360.00
  • Gross Scheduled Income: 54360.00
  • Lot Size Area: 6571.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 3.00

Tax Info

  • Tax Census Tract: 5764.02
  • Tax Lot: 12
  • Tax Tract Number: 3356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2021
Closed on
Feb 11, 2021
Sold by
Var Phandara and Var Paula
Bought by
Chhim Simon and Chhim Kimberly Julia
Seller's Agent
Jim Chhun
First American Team Realty Inc
Buyer's Agent
Raymond Ramirez
First American Team Realty Inc
List Price
$895,000
Sold Price
$905,000
Premium/Discount to List
$10,000
1.12%
Current Estimated Value
$1,064,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,093
Avg. Annual Appreciation
3.72%
Original Mortgage
$678,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2012
Sold by
Pan Jacqueline R and Pan Jacqueline Rosana
Bought by
Pan Jacqueline R and Jacqueline R Pan Revocable Tru

Purchase Details

Closed on
Apr 25, 2011
Sold by
Var Phandara and Var Paula
Bought by
Var Phandara and Var Paula

Purchase Details

Closed on
Jan 25, 2011
Sold by
1501 E 7Th Street Revocable Trust
Bought by
Var Phandara and Var Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2011
Sold by
Perez Rodolfo
Bought by
1501 E 7Th Street Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2010
Sold by
Perez Rodolfo
Bought by
1501 E 7Th Street Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2004
Sold by
Perez Rodolfo and Perez Maria
Bought by
Perez Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2003
Sold by
Perez Rodolfo
Bought by
Perez Rodolfo and Perez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2002
Sold by
Perez Rodolfo and Perez Maria
Bought by
Perez Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1997
Sold by
Salazar Hermina
Bought by
Salazar Vincente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,442
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 1997
Sold by
Griffin Larry L and Griffin Sally Ann
Bought by
Perez Rodolfo and Perez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,442
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 1997
Sold by
First National Bank Of Chicago
Bought by
Griffin Larry L and Griffin Sally Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,120
Interest Rate
7.74%

Purchase Details

Closed on
Jan 31, 1997
Sold by
Sin Ponharin and First National Bank Of Chicago
Bought by
First National Bank Of Chicago and Rtc Mtg Pass Through Certificates Series

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,120
Interest Rate
7.74%
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
Chhim Simon $905,000 Ticor Title Company Of Ca
Pan Jacqueline R -- None Available
Var Phandara -- None Available
Var Phandara $365,000 Pacific Coast Title Company
1501 E 7Th Street Revocable Trust $310,000 Pacific Coast Title Company
1501 E 7Th Street Revocable Trust -- None Available
Perez Rodolfo -- North American Title Company
Perez Rodolfo -- --
Perez Rodolfo -- North American Title Co
Perez Rodolfo -- North American Title Co
Salazar Vincente -- Commonwealth Land Title Co
Perez Rodolfo $159,500 Commonwealth Land Title Co
Griffin Larry L $82,000 Gateway Title
First National Bank Of Chicago $100,154 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chhim Simon $678,750
Previous Owner Pan Jacqueline R $250,000
Previous Owner Var Phandara $255,000
Previous Owner Var Phandara $270,000
Previous Owner Perez Rodolfo $25,000
Previous Owner Perez Rodolfo $510,000
Previous Owner Perez Rodolfo $20,000
Previous Owner Perez Rodolfo $450,000
Previous Owner Perez Rodolfo $382,500
Previous Owner Perez Rodolfo $371,000
Previous Owner Perez Rodolfo $19,000
Previous Owner Perez Rodolfo $281,000
Previous Owner Perez Rodolfo $246,000
Previous Owner Perez Rodolfo $156,442
Previous Owner Griffin Larry L $81,120
Closed Griffin Larry L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $905,000 +1.1% $385 / Sq Ft
02/04/2021 02/04/21 Pending -- -- --
01/10/2021 01/10/21 For Sale $895,000 -- $381 / 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 $12,550 $979,599 $638,634 $340,965
2024 $12,550 $960,392 $626,112 $334,280
2023 $12,338 $941,562 $613,836 $327,726
2022 $11,584 $923,100 $601,800 $321,300
2021 $5,802 $432,008 $301,816 $130,192
2020 $5,787 $427,580 $298,722 $128,858
2019 $5,721 $419,197 $292,865 $126,332
2018 $5,472 $410,978 $287,123 $123,855
2016 $5,032 $395,022 $275,975 $119,047
2015 $4,836 $389,089 $271,830 $117,259
2014 $4,816 $381,469 $266,506 $114,963
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jim Chhun

    First American Team Realty Inc

    (562) 818-0837

    1 in this area

    12 Total Sales

    Jim Chhun
    Section Image

  • R

    Buyer's Agent in 2021

    Raymond Ramirez

    First American Team Realty Inc

    (714) 356-1412

    1 in this area

    17 Total Sales

    Raymond Ramirez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21005645

California Regional Multiple Listing Service (CRMLS)

APN: 7266-001-030

California Los Angeles County Long Beach 90802 Hellman

1501 E 7th St, Long Beach, CA

This home is located at 1501 E 7th St, Long Beach, CA 90813 since 10 January 2021 and is currently estimated at $1,064,093, approximately $452 per square foot. This property was built in 1922. 1501 E 7th St is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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