$1,500,000
SOLD AUG 6, 2024
5 Beds
4 Baths
2,841 Sq Ft
7,533 Sq Ft Lot

Recently Sold

$528 Per Sq Ft

12% Below List Price

14 Days on Market

Highlights

  • 0.17 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

As of August 2024

Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room to add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find.

Last Agent to Sell the Property

Jocelyn Thav

Jocelyn Thav, Broker Brokerage Phone: 562-787-3243 License #01464845 Listed on: 04/22/2024

Last Buyer's Agent

Jim Chhun

First American Team Realty Inc License #01359353

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,736

Year Built

  • Built in 1909

Lot Details

  • 7,533 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 2,841 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 19
  • Tax Tract Number 5500
  • Assessor Parcel Number 7266018025

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $18,000
  • Operating Expense $22,900
  • Gross Income $78,636
  • Net Operating Income $78,636

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,736

Year Built

Built in 1909

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 424750
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1500.00
  • Zoning: LBCNR
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7266018025
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front and Back
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 527.98

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7533.00
  • Lot Size Acres: 0.1729
  • Latitude Manual: 33.77201600

Rental Info

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

Multi Family

  • Gross Income: 78636.00
  • Gross Scheduled Income: 91272.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7533.0000 Square Feet
  • Net Operating Income: 78636.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12636.00
  • Rent Control: No
  • Total Actual Rent: 7606.00
  • Total Expenses: 22900.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Census Tract: 5765.02
  • Tax Lot: 19
  • Tax Tract Number: 05500
  • Tax Annual Amount: 7736.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jul 30, 2024
Sold by
Thav Michael Virak and Tha Jocelyn
Bought by
Kirirome Inc
Seller's Agent
Jocelyn Thav
Jocelyn Thav, Broker
Buyer's Agent
Jim Chhun
First American Team Realty Inc
List Price
$1,699,000
Sold Price
$1,500,000
Premium/Discount to List
-$199,000
-11.71%
Views
25
Current Estimated Value
$1,502,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,972
Avg. Annual Appreciation
0.18%
Original Mortgage
$400,000
Outstanding Balance
$395,474
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$1,107,498

Purchase Details

Closed on
Sep 22, 2023
Sold by
Thav Michael V and Thav Jocelyn C
Bought by
Michael Virak Thav And Jocelyn Chung Thav Liv and Thav

Purchase Details

Listed on
Feb 12, 2013
Closed on
Apr 29, 2013
Sold by
Perez Antonio Gonzalez
Bought by
Thav Michael and Thav Jocelyn
Seller's Agent
Martin Gonzalez
Realty Executives All Cities
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$479,000
Sold Price
$460,000
Premium/Discount to List
-$19,000
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Original Mortgage
$230,000
Interest Rate
3.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2008
Sold by
Perez Antonio Gonzalez
Bought by
Perez Antonio Gonzalez and Perez Martin Gonzalez

Purchase Details

Closed on
Oct 22, 2007
Sold by
Perez Irineo G
Bought by
Perez Antonio Gonzalez and Gonzalez Alfredo Perez

Purchase Details

Closed on
May 8, 2007
Sold by
Perez Irineo G
Bought by
Perez Irineo G and Perez Victoria

Purchase Details

Closed on
Feb 28, 2003
Sold by
Perez Antonio Gonzalez
Bought by
Perez Irineo G and Perez Victoria

Purchase Details

Closed on
May 15, 2000
Sold by
Mussler Larry W
Bought by
Perez Antonio Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,762
Interest Rate
8.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,500,000 Wfg National Title
Quit Claim Deed -- None Listed On Document
Grant Deed $460,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Grant Deed $212,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $475,000 Construction
Previous Owner $591,500 Commercial
Previous Owner $230,000 Commercial
Previous Owner $210,865 FHA
Previous Owner $210,761 FHA
Previous Owner $210,762 FHA
Previous Owner $12,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $1,500,000 -11.7% $528 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $1,699,000 +269.3% $598 / Sq Ft
05/07/2013 05/07/13 Sold $460,000 -4.0% $162 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
02/12/2013 02/12/13 For Sale $479,000 -- $169 / 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 $7,874 $1,500,000 $770,000 $730,000
2024 $7,874 $555,337 $271,633 $283,704
2023 $7,736 $544,449 $266,307 $278,142
2022 $7,281 $533,775 $261,086 $272,689
2021 $7,121 $523,310 $255,967 $267,343
2019 $7,020 $507,790 $248,376 $259,414
2018 $6,727 $497,834 $243,506 $254,328
2016 $6,190 $478,504 $234,051 $244,453
2015 $5,952 $471,318 $230,536 $240,782
2014 $5,909 $462,087 $226,021 $236,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24080313

California Regional Multiple Listing Service (CRMLS)

APN: 7266-018-025