NOT LISTED FOR SALE

Estimated Value: $1,372,000 - $1,798,477

12 Beds
4 Baths
4,032 Sq Ft
$389/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $1,525,000 $378 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,998/month

89 Days on Market

Highlights

  • Property is near a park
  • Park
  • Bike Trail
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Rectangular Lot

About This Home

As of November 2021

There are a ton of great income properties out there, but the income of 126 E. Eagle soars high above the rest. This 4-unit building has one of the highest income potentials of any small apartment building on the market, generating over $115,000 annually . The property has a great unit composition of four 3 Bedroom / 1 Bathroom units, each with over 1,000 SF. Eliminate the stress of whether the tenants are going to pay their rent, as these rents are guaranteed by the Housing Authority of Long Beach, who routinely inspects to ensure the property is being cared for.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 07/16/2021

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Tammie Holley

Gibson Realty License #00894204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,571

Year Built

  • Built in 1905

Lot Details

  • 4,099 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Urban Location

Utilities

  • Underground Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / C
  • Tax Tract Number 3572
  • Assessor Parcel Number 7208014009

Community Details

Overview

  • 4 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Maintenance Expense $2,400
  • Other Expense $224
  • Professional Management Expense $7,056
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • New Taxes Expense $20,000
  • Operating Expense $35,280
  • Gross Income $117,600
  • Net Operating Income $88,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,571

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.15
  • Professional Management Expense: 7056.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7208014009
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 378.22

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Rural, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 4099.00
  • Lot Size Acres: 0.0941

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1106 Square Feet
  • Gross Income: 117600.00
  • Gross Multiplier: 13.60
  • Gross Scheduled Income: 117600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4099.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Maintenance Percent: 0.15
  • Net Operating Income: 88200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 35280.00
  • Operating Expense Percent: 30.00
  • Other Expense: 224.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 117600.00
  • Total Expenses: 35280.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Block: C
  • Tax Census Tract: 5732.01
  • Tax Lot: 8
  • Tax Tract Number: 3572

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Nov 14, 2021
Sold by
Mercurius Winston Gordon
Bought by
Greenberg Michael and The Michael Greenberg Living T
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Tammie Holley
Gibson Realty
List Price
$1,600,000
Sold Price
$1,525,000
Premium/Discount to List
-$75,000
-4.69%
Current Estimated Value
$1,568,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,619
Avg. Annual Appreciation
0.60%
Original Mortgage
$997,500
Outstanding Balance
$917,867
Interest Rate
2.99%
Estimated Equity
$642,435

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 26, 2021
Sold by
Mercurius Maria Riobe Pareja
Bought by
Mercurius Winston Gordon
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Tammie Holley
Gibson Realty
List Price
$1,600,000
Sold Price
$1,525,000
Premium/Discount to List
-$75,000
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Outstanding Balance
$917,867
Interest Rate
2.99%
Estimated Equity
$642,435

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 18, 2021
Sold by
Greenberg Nathalie
Bought by
Greenberg Michael
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Tammie Holley
Gibson Realty
List Price
$1,600,000
Sold Price
$1,525,000
Premium/Discount to List
-$75,000
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Outstanding Balance
$917,867
Interest Rate
2.99%
Estimated Equity
$642,435

Purchase Details

Closed on
Feb 6, 2020
Sold by
Mercurius Winston Gordon and Ever So Much Inc
Bought by
Mercurius Winston Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 21, 2008
Sold by
Mercurius Winston
Bought by
Ever So Much Inc

Purchase Details

Closed on
Feb 14, 2006
Sold by
Morrison Phillip and Morrison Tina L
Bought by
Mercurius Winston

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 24, 2004
Sold by
Turner Leon
Bought by
Morrison Phillip and Morrison Tina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2002
Sold by
Turner Alecia F
Bought by
Turner Leon

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
6.51%

Purchase Details

Closed on
Dec 16, 1999
Sold by
Turner Leon F
Bought by
Turner Alecia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,465
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 20, 1999
Sold by
Center For Life Enrichment Inc
Bought by
Turner Alecia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,465
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1998
Sold by
Finzi David F
Bought by
Christian Outreach Appeal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,800
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1998
Sold by
Pinto Mercedes Delcarmen
Bought by
Wilshire Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,800
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1997
Sold by
Snyder J Patrick and Snyder Teri
Bought by
Rodriguez Adolfo and South Central Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,218
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 1997
Sold by
Rodriguez Adolfo and South Central Investments
Bought by
Pinto Mercedes Delcarmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,218
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 1994
Sold by
Saunders Freda M
Bought by
Snyder J Patrick and Snyder Teri

Purchase Details

Closed on
Feb 8, 1994
Sold by
Foreclosure Consultants Inc
Bought by
Saunders Freda M
Source: Public Records

Range of Values:

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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
Greenberg Michael $1,525,000 Endpoint Title Inc
Mercurius Winston Gordon -- Endpoint Title
Greenberg Michael -- Endpoint Title Inc
Mercurius Winston Gordon -- Amrock Inc
Ever So Much Inc -- Orange Coast Title Company
Mercurius Winston $830,000 Progressive Title
Morrison Phillip $680,000 Natc
Turner Leon -- --
Turner Alecia F -- Benefit Land Title Company
Turner Alecia F $330,000 Benefit Land Title Company
Center For Life Enrichment Inc -- Benefit Land Title Company
Christian Outreach Appeal $170,000 Benefit Land Title Company
Finzi David B $133,000 Benefit Land Title Company
Wilshire Funding Corp $135,000 Benefit Land Title Ins Co
Rodriguez Adolfo $117,000 Commonwealth Land Title Co
Pinto Mercedes Delcarmen $310,000 Commonwealth Land Title Co
Snyder J Patrick $20,500 Stewart Title
Saunders Freda M $104,751 Benefit Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenberg Michael $997,500
Closed Greenberg Michael $997,500
Previous Owner Mercurius Winston Gordon $885,000
Previous Owner Mercurius Winston $124,500
Previous Owner Mercurius Winston $622,500
Previous Owner Morrison Phillip $544,000
Previous Owner Turner Leon $500,000
Previous Owner Turner Alecia F $25,000
Previous Owner Turner Alecia F $307,465
Previous Owner Christian Outreach Appeal $284,800
Previous Owner Pinto Mercedes Delcarmen $25,000
Previous Owner Pinto Mercedes Delcarmen $296,218
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $1,525,000 -4.7% $378 / Sq Ft
07/16/2021 07/16/21 For Sale $1,600,000 -- $397 / 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 $20,571 $1,618,341 $636,724 $981,617
2024 $20,571 $1,586,610 $624,240 $962,370
2023 $20,227 $1,555,500 $612,000 $943,500
2022 $18,980 $1,525,000 $600,000 $925,000
2021 $12,828 $1,010,360 $606,216 $404,144
2020 $12,446 $971,601 $598,730 $372,871
2019 $12,301 $952,563 $586,991 $365,572
2018 $10,969 $850,600 $524,100 $326,500
2016 $8,495 $680,000 $419,300 $260,700
2015 $8,275 $680,000 $419,300 $260,700
2014 $7,356 $590,000 $363,800 $226,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21155480

California Regional Multiple Listing Service (CRMLS)

APN: 7208-014-009