NOT LISTED FOR SALE

Estimated Value: $1,458,000 - $1,562,320

10 Beds
6 Baths
3,974 Sq Ft
$380/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2022

Last sale price $1,500,000 $377 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,074 / mo

12 Days on Market

Highlights

  • Laundry Facilities
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of April 2022

Great 6 unit apartment building centrally located near elementary school, medical center, parks, shopping and transportation. The front two level building was originally four one bedroom plus den and one bath units, the dens were converted to bedrooms so now they are four two bedroom one bath units. The rear building has two one bedroom one bath units, community laundry room and five car garage off the alley. Unit C in the front and unit 1577 have use of the garages, all others use street parking.

Last Agent to Sell the Property

Steve Schloeder

Bonanza Realty License #00612682 Listed on: 01/27/2022

Last Buyer's Agent

Malcolm Zeger

Buckingham Investments, Inc License #02013882

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,498 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,974 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 7269
  • Assessor Parcel Number 7269024011

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,200
  • New Taxes Expense $22,250
  • Operating Expense $28,830
  • Gross Income $106,200
  • Net Operating Income $77,370

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,498 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2200.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7269024011
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 377.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 6498.00
  • Lot Size Acres: 0.1492

Rental Info

  • Garage Rental Rate: 300.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Garage Income: 3600.00
  • Gross Income: 106200.00
  • Gross Scheduled Income: 106200.00
  • Insurance Expense: 2400.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 6498.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 77370.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28830.00
  • Rent Control: No
  • Total Expenses: 28830.00

Tax Info

  • New Taxes Expense: 22250.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 3
  • Tax Tract Number: 7269

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Mar 8, 2022
Sold by
Bought by
Seller's Agent
Steve Schloeder
Bonanza Realty
Buyer's Agent
Malcolm Zeger
Buckingham Investments, Inc
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Current Estimated Value
$1,510,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,160
Avg. Annual Appreciation
0.16%

Purchase Details

Closed on
Sep 21, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 8, 2013
Closed on
Nov 13, 2013
Sold by
Bought by
Seller's Agent
JINKUN CHEN
Anne Yang, Broker
Buyer's Agent
JINKUN CHEN
Anne Yang, Broker
List Price
$669,000
Sold Price
$620,000
Premium/Discount to List
-$49,000
-7.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%

Purchase Details

Closed on
Feb 1, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 1994
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 1993
Sold by
Bought by

Purchase Details

Closed on
Jan 18, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 Fidelity National Title
-- Usa National Title Co
$620,000 Ticor Title
-- None Available
$650,000 Chicago Title Co
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner $425,000
Previous Owner $552,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $1,500,000 +3.4% $377 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $1,450,000 -3.3% $365 / Sq Ft
02/04/2022 02/04/22 Off Market $1,500,000 -- --
01/27/2022 01/27/22 For Sale $1,450,000 +133.9% $365 / Sq Ft
11/18/2013 11/18/13 Sold $620,000 -7.3% $156 / Sq Ft View Prior Sale
11/09/2013 11/09/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $669,000 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,471 $1,591,811 $1,008,147 $583,664
2024 $20,557 $1,560,600 $988,380 $572,220
2023 $20,207 $1,530,000 $969,000 $561,000
2022 $9,649 $716,190 $288,786 $427,404
2021 $9,433 $702,148 $283,124 $419,024
2020 $9,408 $694,949 $280,221 $414,728
2019 $9,299 $681,324 $274,727 $406,597
2018 $8,995 $667,966 $269,341 $398,625
2016 $8,273 $642,030 $258,883 $383,147
2015 $7,953 $632,387 $254,995 $377,392
2014 -- $620,000 $250,000 $370,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22016445

California Regional Multiple Listing Service (CRMLS)

APN: 7269-024-011

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