Seller's Agent in 2022
Derek Gong
ALIGN HOMES
(626) 353-5821
1 in this area
42 Total Sales
1672 E 56th St Long Beach, CA 90805
Lindbergh NeighborhoodEstimated Value: $911,000 - $1,189,000
2
Beds
2
Baths
1,964
Sq Ft
$521/Sq Ft
Est. Value
Highlights
- Laundry Room
- Landscaped
- Front Yard
About This Home
As of May 2022Great Area of Long Beach! Located in one of the strongest rental markets in California! 1672 E 56th St is a triplex located in North Long Beach. Built
in 1944 consisting of 1,964 Square Feet of living space nicely situated on a great 6,858 Square Feet lot. This property offers a great unit mix which
includes (2) 2-Bed/1-Bath units and (1) studio. The property has been well maintained and features a fenced-in back yard with a nicely remodeled
studio. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low. Great
Cash Flow incoming property at a 6% CAP, AS IS. With upside potential. Schedule your showing today!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,089
Year Built
- Built in 1944
Lot Details
- 6,858 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Front Yard
Parking
- 2 Car Garage
Home Design
- 1,964 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 29
- Tax Tract Number 12885
- Assessor Parcel Number 7128026021
Community Details
Overview
- 3 Units
- North Long Beach Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,000
- Insurance Expense $626
- Maintenance Expense $1,458
- Water Sewer Expense $1,600
- Operating Expense $13,306
- Gross Income $68,400
- Net Operating Income $55,094
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 19, 2021
Sold by
Lin Li Xian David and Lin Chiung Ying
Bought by
Dlbc Llc
Current Estimated Value
Purchase Details
Listed on
Jul 28, 2020
Closed on
Aug 19, 2020
Sold by
Hoffman David L and Hoffman Anna M
Bought by
Lin Li Xian David and Tseng Chiung Ying
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$650,000
Sold Price
$695,000
Premium/Discount to List
$45,000
6.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$521,250
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 15, 2019
Sold by
Hoffman David L and Hoffman Anna M
Bought by
Hoffman Anna M and Hoffman David L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 7, 2017
Sold by
Hoffman David Lee
Bought by
Hoffman David L and Hoffman Anna M
Purchase Details
Closed on
Jan 24, 2014
Sold by
Hoffman David Lee
Bought by
Hoffman Anna M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 8, 2014
Sold by
Sobek Joseph P
Bought by
Bean Brian K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 25, 2013
Sold by
Hoffman Anna M
Bought by
Hoffman David Lee and Hoffman Anna M
Purchase Details
Closed on
Jan 11, 2005
Sold by
Metzler Jean L
Bought by
Metzler Jean L and The Jean L Metzler Trust
Purchase Details
Closed on
Jan 29, 2001
Sold by
Metzler Jean L
Bought by
Metzler Jean L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
8.6%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dlbc Llc | -- | None Listed On Document | |
| Lin Li Xian David | $695,000 | Chicago Title Company | |
| Hoffman Anna M | -- | None Available | |
| Hoffman David L | -- | Title Source Inc | |
| Hoffman David L | -- | None Available | |
| Hoffman Anna M | -- | Ort | |
| Bean Brian K | -- | None Available | |
| Hoffman David Lee | -- | None Available | |
| Hoffman Anna M | -- | None Available | |
| Hoffman Anna M | -- | None Available | |
| Metzler Jean L | -- | -- | |
| Metzler Jean L | -- | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lin Li Xian David | $521,250 | |
| Previous Owner | Hoffman David L | $427,500 | |
| Previous Owner | Hoffman Anna M | $55,000 | |
| Previous Owner | Metzler Jean L | $107,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2022 05/27/22 | Sold | $975,000 | +5.4% | $496 / Sq Ft |
| 04/07/2022 04/07/22 | Pending | -- | -- | -- |
| 03/31/2022 03/31/22 | For Sale | $925,000 | +33.1% | $471 / Sq Ft |
| 09/23/2020 09/23/20 | Sold | $695,000 | 0.0% | $354 / Sq Ft |
| 08/10/2020 08/10/20 | Pending | -- | -- | -- |
| 08/04/2020 08/04/20 | Off Market | $695,000 | -- | -- |
| 07/28/2020 07/28/20 | For Sale | $650,000 | -- | $331 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,089 | $1,034,677 | $371,422 | $663,255 |
| 2024 | $13,089 | $1,014,390 | $364,140 | $650,250 |
| 2023 | $12,872 | $994,500 | $357,000 | $637,500 |
| 2022 | $8,915 | $708,900 | $402,900 | $306,000 |
| 2021 | $9,436 | $695,000 | $395,000 | $300,000 |
| 2020 | $1,089 | $59,337 | $27,542 | $31,795 |
| 2019 | $1,077 | $58,174 | $27,002 | $31,172 |
| 2018 | $948 | $57,034 | $26,473 | $30,561 |
| 2016 | $866 | $54,821 | $25,446 | $29,375 |
| 2015 | $839 | $53,998 | $25,064 | $28,934 |
| 2014 | $846 | $52,942 | $24,574 | $28,368 |
Source: Public Records
Agents Affiliated with this Home
-
Derek Gong
-
Sean Stanfield
Buyer's Agent in 2022
Sean Stanfield
Pacific Sotheby's Int'l Realty
(949) 244-9057
1 in this area
598 Total Sales
-
David Biehler
Buyer Co-Listing Agent in 2022
David Biehler
Pacific Sotheby's Int'l Realty
(714) 747-3949
1 in this area
94 Total Sales
-
Brett Lyon
Seller's Agent in 2020
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
145 Total Sales
-
Woody Stahl
Seller Co-Listing Agent in 2020
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
154 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22064171
APN: 7128-026-021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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