NOT LISTED FOR SALE

Estimated Value: $835,000 - $1,049,000

4 Beds
2 Baths
1,888 Sq Ft
$478/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $699,000 $370 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,609/month

11 Days on Market

About This Home

As of April 2021

This "value-add" Long Beach duplex is a great find. This asset has great curb appeal and both units are completely separate 2+1 buildings with long-term tenants. One building is a lovely Spanish, the other a charming traditional. The property is located in a nice residential neighborhood and near great public transportation, shopping, and restaurants. This is an excellent opportunity to own in an area definitely moving up. Units are priced to reflect rents that are apx 25-35% below market. Be part of the expansion and growth in Long Beach! Priced to sell, this one won't last.

Last Agent to Sell the Property

Scott Nell

Equity Union License #01358285 Listed on: 02/20/2021

Co-Listed By

Eric Petz

Equity Union License #01893338

Last Buyer's Agent

Chris Miller

License #01723166

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,840

Year Built

  • Built in 1928

Lot Details

  • 5,453 Sq Ft Lot
  • Property is zoned LBR2N

Parking

  • 2 Car Attached Garage

Home Design

  • 1,888 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7114-016-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,840

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1888
  • Lot Acreage: 0.1252
  • Year Built: 1928
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 370.23

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 70.20
  • Assessed Improvement Value: 224744
  • Assessed Land Percent: 29.8
  • Assessed Land Value: 95385
  • Total Assessed Value: 320129
  • Assessor Parcel Number: 7114-016-031
  • Lot Size Area: 5453

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2021
Closed on
Apr 9, 2021
Sold by
Duran Jeffrey
Bought by
Tajalli Tania R
Seller's Agent
Scott Nell
Equity Union
Buyer's Agent
Chris Miller
List Price
$699,000
Sold Price
$699,000
Current Estimated Value
$903,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,387
Avg. Annual Appreciation
5.84%
Original Mortgage
$532,500
Outstanding Balance
$478,951
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,436

Purchase Details

Listed on
Feb 20, 2021
Closed on
Mar 24, 2021
Sold by
Raymond Tyler Living Trust and Schwartz Marc J
Bought by
Tajalli Tania R
Seller's Agent
Scott Nell
Equity Union
Buyer's Agent
Chris Miller
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Outstanding Balance
$478,951
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,436

Purchase Details

Closed on
May 27, 2020
Sold by
Tyler Raymond
Bought by
Tyler Raymond and Raymond Tyler Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Tyler Raymond
Bought by
Tyler Raymond and The Raymond Tyler Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tajalli Tania R -- Lawyers Title
Tajalli Tania R $710,000 Lawyers Title
Tyler Raymond -- Amrock Inc
Tyler Raymond -- Amrock Inc
Tyler Raymond -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tajalli Tania R $532,500
Previous Owner Tyler Raymond $174,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $699,000 0.0% $370 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $699,000 -- $370 / Sq Ft
Source: The MLS

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 $9,840 $768,524 $389,674 $378,850
2024 $9,840 $753,456 $382,034 $371,422
2023 $9,676 $738,684 $374,544 $364,140
2022 $9,083 $724,200 $367,200 $357,000
2021 $4,535 $343,237 $102,269 $240,968
2020 $4,523 $339,719 $101,221 $238,498
2019 $4,471 $333,059 $99,237 $233,822
2018 $4,298 $326,530 $97,292 $229,238
2016 $3,949 $313,853 $93,515 $220,338
2015 $3,794 $309,140 $92,111 $217,029
2014 $3,776 $303,085 $90,307 $212,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-694116

The MLS

APN: 7114-016-031