NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,155,701

3 Beds
4 Baths
2,264 Sq Ft
$482/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $987,785 $436 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,956/month

118 Days on Market

Highlights

  • Parking available for a boat
  • Two Primary Bedrooms
  • Wooded Lot
  • Woodrow Wilson High School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of September 2021

Best investment property in Long Beach! Own a piece of history plus own a unique custom triplex - there is nothing else like this! Dorothy could tap her ruby red slippers and transport to Kansas... but who wants to go to Kansas? Southern California is the place you wanna be! Specifically, Long Beach near the ocean with cool breezes and so many great things to do. This triplex is a great "trophy" property with one studio/1 bathroom unit, one 1 bedroom/1 bathroom unit plus a 1-2 bedroom/2 bathroom unit. A rare Dutch Colonial architectural style property built in the 1930's on a large 7000+ sf lot. Originally it was built as a custom single family home but is now a triplex and could be modified into a fourplex. Framed by an adorable white picket fence and an incredible specimen tree in the front yard as well as one in the back !Totally private with potential RV/boat storage plus parking for up to six or more cars on the property. The property is fully rented with wonderful tenants and is located near Coast Highway. Located close to freeways, shopping, colleges and other amenities. Huge rear yard with two huge sheds for storage. Potential for adding 1-2 ADU's!

Last Agent to Sell the Property

Duane Beisner

Coldwell Banker Realty License #00922327 Listed on: 04/15/2021

Coldwell Banker Realty

Last Buyer's Agent

Wilson Bang

REAL ESTATES UNLIMITED License #02135103

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,262 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back Yard
  • Density is 6-10 Units/Acre

Home Design

  • Triplex
  • Colonial Architecture
  • Entry on the 1st floor
  • Pillar, Post or Pier Foundation
  • Asphalt Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,264 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • French Mullion Window
  • Wood Frame Window
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Built-In Range
  • Free-Standing Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • Parking available for a boat
  • RV Access or Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Shed

Location

  • Urban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 23
  • Assessor Parcel Number 7259006013

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Eastside Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $1,238
  • Pest Control $900
  • Supplies Expense $460
  • Water Sewer Expense $3,696
  • New Taxes Expense $3,405
  • Operating Expense $11,499
  • Gross Income $51,000
  • Net Operating Income $39,501

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

7,262 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 460.00
  • Water Sewer Expenses: 3696.00
  • Zoning: LBR3T
  • Architectural Style: Colonial
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7259006013
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Dining Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 436.30
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Two Masters
  • Window Features: French/Mullioned, Wood Frames

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Boat, Driveway, Concrete, RV Access/Parking, RV Gated

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Free-Standing Range, Disposal, Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Electric, Natural Gas
  • Laundry Features: Dryer Included, Washer Hookup
  • Pest Control Expense: 900.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Corner Lot, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Treed Lot, Yard
  • Lot Size Sq Ft: 7262.00
  • Lot Size Acres: 0.1667
  • Latitude Manual: 33.78636500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 1132 Square Feet
  • Average Studio Area: 400 Square Feet
  • Gross Income: 51000.00
  • Gross Multiplier: 5.16
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1238.00
  • Lot Size Area: 7262.0000 Square Feet
  • Net Operating Income: 39501.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11499.00
  • Rent Control: No
  • Total Expenses: 11499.00

Tax Info

  • New Taxes Expense: 3405.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2009
Sold by
Create Ventures Llc
Bought by
Viking Ships Llc and The Redondo Avenue Land Trust
Current Estimated Value
$1,118,098

Purchase Details

Closed on
Aug 21, 2007
Sold by
James Gladys
Bought by
Create Ventures Llc

Purchase Details

Closed on
Oct 8, 2004
Sold by
Millis Charles
Bought by
James Gladys and The Redondo Avenue Land Trust

Purchase Details

Closed on
Oct 3, 1996
Sold by
Farmers & Merchants Bank Of Long Beach
Bought by
Millis Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,045
Interest Rate
7.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Viking Ships Llc -- None Available
Create Ventures Llc -- None Available
James Gladys -- --
Millis Charles $155,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Millis Charles $152,045
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $987,785 0.0% $436 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $987,785 0.0% $436 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $987,785 -- $436 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,418 $1,048,473 $530,604 $517,869
2024 $13,732 $1,027,915 $520,200 $507,715
2023 $13,491 $1,007,760 $510,000 $497,760
2022 $12,444 $988,000 $500,000 $488,000
2021 $3,434 $233,197 $112,835 $120,362
2019 $3,385 $226,283 $109,490 $116,793
2018 $3,300 $221,847 $107,344 $114,503
2016 $3,039 $213,234 $103,177 $110,057
2015 $2,929 $210,032 $101,628 $108,404
2014 $2,932 $205,919 $99,638 $106,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21066531

California Regional Multiple Listing Service (CRMLS)

APN: 7259-006-013

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