NOT LISTED FOR SALE

Estimated Value: $932,000 - $1,169,000

6 Beds
4 Baths
2,328 Sq Ft
$465/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $1,075,000 $462 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,053/month

21 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Bike Trail
  • Long Beach Polytechnic High School Rated A

About This Home

As of March 2023

Long Beach 4 unit's, great opportunity! Welcome to 1701 Pine Ave, Long Beach. This Unique property consists of 4 Units, two story building with 8 Conforming parking spaces and 2 non-conforming parking spaces in the front of the property. Unit #1 month to month ($1,360 Monthly) has 2Bed, 1Bath and living room! Unit #2 Year Lease ($1,800 Monthly) is a fully remolded 2Bed, 1Bath large bedroom! #3 month to month($1,050 Monthly) is a Studio (0)bedroom. #4 Year Lease ($1,250 Monthly) is a Studio (0)bedroom fully remolded with recess lighting and new floors. 2 of 4 units have been remolded. Plans for the ADU Garage conversion has been submitted to the city for approval. This can potentially be a 6 Unit property in additional income. Near public transportation, Schools, Parks and shopping.

Last Agent to Sell the Property

Steven Padilla

Century 21 A Better Service License #00957274 Listed on: 01/19/2023

Century 21 A Better Service

Last Buyer's Agent

David Poncia

Vista Sotheby’s International Realty License #01967475

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,517 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 2,328 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 7269009001

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269009001
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 461.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Near Public Transit, Yard
  • Lot Size Sq Ft: 7517.00
  • Lot Size Acres: 0.1726

Multi Family

  • Lot Size Area: 7517.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5754.02
  • Tax Lot: 13
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Aug 26, 2020
Sold by
Chhay Paul P and Chhay Pauline
Bought by
Dong Hua Mei Llc
Seller's Agent
Rady Math
GML Homes, Inc.
Buyer's Agent
Rady Math
GML Homes, Inc.
List Price
$859,000
Sold Price
$775,000
Premium/Discount to List
-$84,000
-9.78%
Current Estimated Value
$1,125,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,692
Avg. Annual Appreciation
6.50%

Purchase Details

Closed on
Aug 2, 2016
Sold by
Im Mealy
Bought by
Chhay Paul P and Chhay Paulina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2015
Sold by
Im Mealy
Bought by
Im Mealy and Chhay Paul

Purchase Details

Closed on
Feb 22, 2002
Sold by
Im Mealy
Bought by
Im Mealy and Mealy Im Living Trust

Purchase Details

Closed on
Jul 10, 2001
Sold by
Jamke
Bought by
Im Mealy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,200
Interest Rate
7.19%

Purchase Details

Closed on
Nov 22, 2000
Sold by
Hud
Bought by
Jamke

Purchase Details

Closed on
Aug 6, 1999
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Feb 24, 1999
Sold by
Pena Luis and Pena Edith
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Jul 28, 1997
Sold by
Contreras Joel
Bought by
Pena Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,066
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 1997
Sold by
Lee Hong Keung
Bought by
Contreras Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,066
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 1995
Sold by
Parker Wes and Parker Arlie
Bought by
Lee Hong Keung
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
Dong Hua Mei Llc $775,000 Pacific Coast Title Company
Chhay Paul P -- First American Title
Im Mealy -- Accommodation
Im Mealy -- --
Im Mealy $176,500 North American Title Co
Jamke $121,000 United Title Company
Hud $308,156 Fidelity National Title Ins
Homeside Lending Inc $308,155 Fidelity National Title Ins
Pena Luis $300,000 Commonwealth Land Title Co
Contreras Joel -- --
Lee Hong Keung -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chhay Paul P $342,000
Previous Owner Im Mealy $141,200
Previous Owner Pena Luis $287,066
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $1,075,000 0.0% $462 / Sq Ft
01/19/2023 01/19/23 For Sale $1,075,000 +38.7% $462 / Sq Ft
10/07/2020 10/07/20 Sold $775,000 -9.8% $333 / Sq Ft View Prior Sale
08/12/2020 08/12/20 For Sale $859,000 0.0% $369 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
08/01/2020 08/01/20 Pending -- -- --
07/31/2020 07/31/20 Price Changed $859,000 -4.4% $369 / Sq Ft
06/20/2020 06/20/20 Price Changed $899,000 -2.8% $386 / Sq Ft
04/17/2020 04/17/20 For Sale $925,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,495 $1,118,430 $559,215 $559,215
2024 $14,495 $1,096,500 $548,250 $548,250
2023 $10,908 $806,310 $364,140 $442,170
2022 $10,250 $790,500 $357,000 $433,500
2021 $10,042 $775,000 $350,000 $425,000
2020 $3,671 $238,996 $162,088 $76,908
2019 $3,630 $234,322 $158,910 $75,412
2018 $3,406 $229,741 $155,795 $73,946
2016 $3,056 $220,246 $149,747 $70,499
2015 $2,945 $216,939 $147,498 $69,441
2014 $2,946 $212,690 $144,609 $68,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23009535

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-001