NOT LISTED FOR SALE

Estimated Value: $889,000 - $1,221,000

7 Beds
3 Baths
2,639 Sq Ft
$414/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $1,040,000 $394 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,006/month

44 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • Floor Furnace

About This Home

As of January 2024

A great opportunity to own a Triplex in the Eastside area of Long Beach. This triplex offers a very desirable and spacious configuration, with an open floorplan consisting of a 3 bedroom/ 1 bath front unit, a rear building with two units of 2 bedroom/ 1 bath. One (unit B) located downstairs and another one (unit C) located upstairs with private entrance. All units are currently occupied. Electric meter are separated to all units. Parking is available with a detached 2 car garage, and 4 tandem parking spots in the gated driveway towards the rear of the community. There is also an onsite community laundry room available. This property provides great rental incomes opportunities and is in close proximity to the downtown area, freeways, shopping, entertainment, restaurants, high school, Cal State Long Beach and much more. Don’t miss out on this great opportunity adding it to your investment portfolio!

Last Agent to Sell the Property

Amy Crawford

Berkshire Hathaway HomeServices California Properties License #01813629 Listed on: 10/30/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Trudy Kalucea

Keller Williams Coastal Prop. License #01263450

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,765 Sq Ft Lot
  • 1 Common Wall
  • Security Fence
  • Fence is in fair condition
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Auto Driveway Gate

Home Design

  • Triplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,639 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Cooktop

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Floor Furnace
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 5
  • Tax Tract Number 45
  • Assessor Parcel Number 7260012005
  • $687 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $200
  • Water Sewer Expense $800
  • Operating Expense $12,000
  • Gross Income $84,000
  • Net Operating Income $72,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Coin operated washer & dryer
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2N
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7260012005
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 394.09

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Fair Condition, Security
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5765.00
  • Lot Size Acres: 0.1323

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 736 Square Feet
  • Average3 Bed Area: 1167 Square Feet
  • Gross Income: 84000.00
  • Gross Scheduled Income: 84200.00
  • Insurance Expense: 1500.00
  • Laundry Income: 200.00
  • Lot Size Area: 5765.0000 Square Feet
  • Net Operating Income: 72200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Patio: 2
  • Operating Expense: 12000.00
  • Rent Control: Yes
  • Total Expenses: 12000.00

Tax Info

  • Tax Area: 5500
  • Tax Census Tract: 5751.01
  • Tax Lot: 5
  • Tax Tract Number: 45
  • TaxOtherAnnualAssessmentAmount: 687.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2023
Closed on
Dec 18, 2023
Sold by
Bunma Family Trust
Bought by
Polk Geyanni Janece
Seller's Agent
Amy Crawford
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Trudy Kalucea
Keller Williams Coastal Prop.
List Price
$1,100,000
Sold Price
$1,040,000
Premium/Discount to List
-$60,000
-5.45%
Views
328
Current Estimated Value
$1,092,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,483
Avg. Annual Appreciation
2.54%
Original Mortgage
$988,000
Outstanding Balance
$970,065
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$122,418

Purchase Details

Closed on
Nov 11, 2022
Sold by
Bunma Samnang and Bunma Allison D
Bought by
Bunma Family Trust

Purchase Details

Closed on
Feb 22, 1994
Sold by
Chen John Ye and Chen Lan Liv
Bought by
Chen John Ye
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
Polk Geyanni Janece $1,040,000 California Title Company
Bunma Family Trust -- --
Chen John Ye -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polk Geyanni Janece $988,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2024 01/19/24 Sold $1,040,000 -5.5% $394 / Sq Ft
10/30/2023 10/30/23 For Sale $1,100,000 -- $417 / 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 $3,586 $1,060,800 $510,000 $550,800
2024 $3,586 $237,926 $118,963 $118,963
2023 $3,521 $233,262 $116,631 $116,631
2022 $3,323 $228,690 $114,345 $114,345
2021 $3,238 $224,206 $112,103 $112,103
2020 $3,228 $221,908 $110,954 $110,954
2019 $3,190 $217,558 $108,779 $108,779
2018 $3,012 $213,294 $106,647 $106,647
2016 $2,761 $205,012 $102,506 $102,506
2015 $2,659 $201,934 $100,967 $100,967
2014 $2,656 $197,980 $98,990 $98,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23200104

California Regional Multiple Listing Service (CRMLS)

APN: 7260-012-005