1520 W 20th St Long Beach, CA 90810
Lower Westside NeighborhoodEstimated Value: $1,275,000 - $1,318,000
3
Beds
1
Bath
4,104
Sq Ft
$315/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Level Lot
About This Home
As of May 20241520 West 20th Street is a 4-unit multifamily investment property located in Long Beach, CA. 1520 West 20th Street features exclusively spacious three-bedroom floor plans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry hookups (tenants supply the machines). The tenants are responsible to pay for electricity and trash. The landlord is responsible to pay for water and sewer. Furthermore, current ownership has invested significant capital into the property, with 1 fully renovated unit, 2 partially renovated units, and a new roof for the carport structure. Situated in Westside Long Beach, 1520 West 20th Street benefits from its close proximity to parks, schools, and major transportation routes. The property offers walkable access to highly desirable area amenities for families including Cabrillo High School and Admiral Kidd Park. Additionally, 1520 West 20th Street’s close proximity to Interstate 710 provides convenient access to the Ports of Long Beach and Los Angeles, two major employment hubs for the region. Furthermore, the property is located just over 2 miles from the plethora of retail, dining, and entertainment options in Downtown Long Beach. 1520 West 20th Street is available for purchase separately or in conjunction with 1526 West 20th Street.
Last Listed By
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 04/10/2024
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $9,715
Year Built
- Built in 1976
Lot Details
- 6,534 Sq Ft Lot
- No Common Walls
- Level Lot
Interior Spaces
- 4,104 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Parking
- 4 Parking Spaces
- 4 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 13 / 15
- Tax Tract Number 1833
- Assessor Parcel Number 7431020026
- $964 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $443
- Fuel Expense $443
- Insurance Expense $5,000
- Maintenance Expense $2,800
- Other Expense $3,464
- Trash Expense $443
- Water Sewer Expense $444
- New Taxes Expense $16,176
- Operating Expense $29,213
- Gross Income $104,208
- Net Operating Income $71,869
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
May 15, 2024
Sold by
C Peter Wurr 2016 Trust and Peter Wurr C
Bought by
Jose Estrada And Gladys Gonzalez 2014 Trust and Estrada
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$1,300,000
Sold Price
$1,300,000
Total Days on Market
7
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,565
Avg. Annual Appreciation
-0.42%
Purchase Details
Closed on
May 18, 2016
Sold by
Wurr C Peter
Bought by
Wurr C Peter and C Peter Wurr 2016 Trust
Purchase Details
Closed on
Jul 30, 2003
Sold by
Erkman David and Erkman Kimberly
Bought by
Wurr C Peter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 8, 2001
Sold by
Harding David A and Harding Timothy S
Bought by
Erkman David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.63%
Purchase Details
Closed on
Mar 1, 1992
Sold by
Harding Timothy S
Bought by
Harding David S and Erkman David C
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Similar Homes in Long Beach, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jose Estrada And Gladys Gonzalez 2014 Trust | $1,300,000 | Chicago Title Company | |
| Wurr C Peter | -- | None Available | |
| Wurr C Peter | $505,000 | Fidelity National Title Ins | |
| Erkman David | -- | Gateway Title | |
| Harding David S | -- | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wurr C Peter | $445,250 | |
| Previous Owner | Wurr C Peter | $475,000 | |
| Previous Owner | Wurr C Peter | $560,000 | |
| Previous Owner | Wurr C Peter | $404,000 | |
| Previous Owner | Erkman David | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2024 05/22/24 | Sold | $1,300,000 | 0.0% | $317 / Sq Ft |
| 04/17/2024 04/17/24 | Pending | -- | -- | -- |
| 04/10/2024 04/10/24 | For Sale | $1,300,000 | -- | $317 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,715 | $703,911 | $257,865 | $446,046 |
| 2023 | $9,551 | $690,109 | $252,809 | $437,300 |
| 2022 | $8,983 | $676,578 | $247,852 | $428,726 |
| 2021 | $8,785 | $663,313 | $242,993 | $420,320 |
| 2019 | $8,661 | $643,641 | $235,787 | $407,854 |
| 2018 | $8,344 | $631,021 | $231,164 | $399,857 |
| 2016 | $7,663 | $606,520 | $222,189 | $384,331 |
| 2015 | $7,363 | $597,410 | $218,852 | $378,558 |
| 2014 | $7,327 | $585,708 | $214,565 | $371,143 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
145 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24070912
APN: 7431-020-026
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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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