NOT LISTED FOR SALE

Estimated Value: $781,000 - $1,007,723

6 Beds
4 Baths
1,628 Sq Ft
$572/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $899,999 $553 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,871/month

86 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Bonus Room
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Corner Lot
  • Double Pane Windows

About This Home

As of August 2022

Don't miss the opportunity to purchase this amazing investment property with a turnkey condition, close to downtown Long Beach, shopping centers, schools and public transportations.
This property has two separate buildings with total living square feet: 1,628SF and lot size: 4,956SF.
The front unit has 3 beds and 1.5 baths with a large attic for bonus rooms. There is a stairway to the attic.
The back unit originally had 1 bed and 1 bath, but now it turned into two beds and one bath upstairs and downstairs storage was converted into one bed and 3/4 bath. This property has two car garages with additional parking for 7 cars on the side.
This corner lot property has so many kinds of fruit trees and more.

Last Agent to Sell the Property

Sopheak Tuon

Coldwell Banker Envision License #02023761 Listed on: 05/07/2022

Coldwell Banker Envision

Last Buyer's Agent

Rossy Dodge

Ricci Realty License #01951815

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 4,956 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 1,628 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Bonus Room
  • Laminate Flooring
  • Attic Fan

Kitchen

  • Gas Range
  • Ice Maker

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • Standard Electricity
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7269011006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 60 Separate Electric Meters
  • 65 Separate Gas Meters
  • Electric Expense $960
  • Fuel Expense $781
  • Insurance Expense $1,500
  • Trash Expense $720
  • Water Sewer Expense $840
  • Operating Expense $4,020
  • Gross Income $13,700
  • Net Operating Income $13,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Maintained
  • Security: Security System, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 840.00
  • Zoning: LBR4R
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7269011006
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Attic Fan, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 552.82
  • Room Type: All Bedrooms Down, All Bedrooms Up, Bonus Room
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range, Ice Maker, Refrigerator, Water Heater
  • Electric: Standard
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4956.00
  • Lot Size Acres: 0.1138

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 960.00
  • Fuel Expense: 781.00
  • Gross Income: 13700.00
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4956.0000 Square Feet
  • Net Operating Income: 13700.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 60
  • Number Of Separate Gas Meters: 65
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Rent Control: No
  • Total Actual Rent: 1350.00
  • Total Expenses: 4020.00

Tax Info

  • Tax Block: 1
  • Tax Lot: 6
  • Tax Tract Number: W 1...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2022
Closed on
Aug 24, 2022
Sold by
Long and Erika
Bought by
Herrera Jeannette and Martinez Adelberto
Seller's Agent
Sopheak Tuon
Coldwell Banker Envision
Buyer's Agent
Rossy Dodge
Ricci Realty
List Price
$960,000
Sold Price
$899,999
Premium/Discount to List
-$60,001
-6.25%
Current Estimated Value
$931,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,682
Avg. Annual Appreciation
1.05%
Original Mortgage
$883,697
Outstanding Balance
$844,859
Interest Rate
5.51%
Mortgage Type
FHA
Estimated Equity
$86,822

Purchase Details

Closed on
Jul 19, 2017
Sold by
Long Jesse and Long Erika
Bought by
Long Jesse and Long Erika

Purchase Details

Closed on
May 4, 2017
Sold by
Long Jesse
Bought by
Long Jesse and Long Erika

Purchase Details

Closed on
Feb 24, 2017
Sold by
En Andrew
Bought by
Long Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Us Bank Na
Bought by
Long Jesse and En Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,824
Interest Rate
6.41%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 3, 2008
Sold by
Lopez Maria A
Bought by
Us Bank Na and Mortgage Pass Through Certificates Serie

Purchase Details

Closed on
Aug 12, 2002
Sold by
Lay Kry and Lay Phansuna
Bought by
Lopez Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.25%
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
Herrera Jeannette $900,000 Fidelity National Title
Long Jesse -- None Available
Long Jesse -- None Available
Long Jesse -- None Available
Long Jesse $335,000 California Title Company
Us Bank Na $436,050 Accommodation
Lopez Maria A $225,000 Southland Title Corporation
Lopez Maria A -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Jeannette $883,697
Previous Owner Long Jesse $301,000
Previous Owner Long Jesse $329,824
Previous Owner Lopez Maria A $191,250
Closed Lopez Maria A $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2022 08/30/22 Sold $899,999 0.0% $553 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $899,999 -6.3% $553 / Sq Ft
05/07/2022 05/07/22 For Sale $960,000 -- $590 / 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 $11,880 $936,360 $624,240 $312,120
2024 $11,880 $918,000 $612,000 $306,000
2023 $11,682 $900,000 $600,000 $300,000
2022 $5,749 $443,847 $254,976 $188,871
2021 $5,631 $435,145 $249,977 $185,168
2020 $5,617 $430,684 $247,414 $183,270
2019 $5,552 $422,240 $242,563 $179,677
2018 $5,336 $413,961 $237,807 $176,154
2016 $4,521 $364,414 $261,075 $103,339
2015 $4,342 $358,941 $257,154 $101,787
2014 $3,967 $321,000 $222,100 $98,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22091871

California Regional Multiple Listing Service (CRMLS)

APN: 7269-011-006