$730,000
SOLD JUN 22, 2016
4 Beds
4 Baths
2,507 Sq Ft
5,569 Sq Ft Lot

Recently Sold

$291 Per Sq Ft

4% Above List Price

55 Days on Market

Highlights

  • 0.13 Acre Lot
  • Rectangular Lot
  • 2-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2022

Beautiful 4 unit property, just minutes from the beach! Property is well maintained property features (1) 2 bedroom, 1 bathroom unit; (2) 1 bedroom, 1 bathroom units; and (1) studio. There is also an on site laundry room. Property also has (2) two car garages. One of the garages is currently being used for storage, but is easily restored.

Last Agent to Sell the Property

Chris Breedlove

Rosewood Investment Group License #01862657 Listed on: 03/03/2016

Co-Listed By

James Breedlove

Stalwart Investment Group License #00976190

Last Buyer's Agent

Chris Breedlove

Rosewood Investment Group License #01862657 Listed on: 03/03/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,644

Year Built

  • Built in 1953

Lot Details

  • 5,569 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • 2,507 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 06
  • Tax Tract Number 2606
  • Assessor Parcel Number 7275016016

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,400
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $8,750
  • Gross Income $3,200
  • Net Operating Income $24,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,644

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 7275016016
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 291.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5569.00
  • Price Per Lot Square Foot: 131.08
  • Lot Size Acres: 0.1280

Multi Family

  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 5569.0000 Square Feet
  • Net Operating Income: 24850.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 4800.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8750.00
  • Tax Lot: 06
  • Tax Tract Number: 2606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2022
Sold by
Castillo Mario
Bought by
Rrc Investments Llc
Current Estimated Value
$1,347,481

Purchase Details

Listed on
Mar 3, 2016
Closed on
May 10, 2016
Sold by
Breedlove James Felman and The Breedlove Family Trust
Bought by
Ament David and Ament Colleen
Seller's Agent
Chris Breedlove
Rosewood Investment Group
Buyer's Agent
Chris Breedlove
Rosewood Investment Group
List Price
$699,900
Sold Price
$730,000
Premium/Discount to List
$30,100
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$584,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2008
Sold by
Breedlove James F and Breedlove Crystal M
Bought by
Breedlove James Felman and Breedlove Crystal Marie
Source: Public Records

Similar Homes in the area

  • 923 E 21st St, Long Beach, CA 90806

    $880,000

    • 6 Beds
    • 4 Baths
    • 1,828 Sq Ft
    • 923 E 21st St
    • Long Beach, CA

    Here is your chance to own a beautiful piece of income property! Centrally located in Long Beach within a mile of Long Beach memorial hospital and Signal Hill and all its amenities. Also a few miles of the 405 and 710 freeways and everything the great city of Long Beach has to offer! This fantastic duplex boasts a 3-bedroom- 1.5 bath front unit with central air and heat and its own laundry hook

    Omar Rivera SoCal 5 Real Estate

    Section Image
  • 211 1/2 E Eagle St, Long Beach, CA 90806

    $783,000

    • 6 Beds
    • 3 Baths
    • 1,411 Sq Ft
    • 211 1/2 E Eagle St
    • Long Beach, CA

    This centrally located triplex is a great opportunity for an investor or owner-user! It is in the Wrigley area of Long Beach just minutes to the 710 fwy, 405 fwy, Pacific Coast Hwy, and the beach. Public transportation, restaurants, shops, schools, and parks are within its vicinity. The units are gated, and set in an easement where it's quiet and secured. This triplex consists of one 1 bed/1

    Kerry Lam eXp Realty of California Inc

    Section Image
  • 6824 Marcelle St, Paramount, CA 90723

    $898,900

    • 6 Beds
    • 3 Baths
    • 1,651 Sq Ft
    • 6824 Marcelle St
    • Paramount, CA

    Great Opportunity Multifamily residence. 2 Units. Main Unit has 4 Bedrooms/ 2 Bathrooms, tankless water heater, washer/dryer, 3 cars driveway. All energy efficiency lights and windows, Entire kitchen renewed, quartz countertop, Wall mount range hood, Garbage disposal, Central air, Recently Full termite clearance treatment. Approved by LACDA Section 8.Rear Unit, was converted in 2022, Kitchen

    Edwin Perez Excellence RE Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Grant Deed $730,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $584,000 New Conventional
Previous Owner $263,000 New Conventional
Previous Owner $300,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $1,380,000 +6.6% $576 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,295,000 +77.4% $540 / Sq Ft
06/22/2016 06/22/16 Sold $730,000 +4.3% $291 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $699,900 -- $279 / 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 $18,644 $1,464,466 $1,098,350 $366,116
2024 $18,644 $1,435,752 $1,076,814 $358,938
2023 $18,330 $1,407,600 $1,055,700 $351,900
2022 $10,475 $814,326 $334,654 $479,672
2021 $10,261 $798,360 $328,093 $470,267
2019 $10,115 $774,681 $318,362 $456,319
2018 $9,788 $759,492 $312,120 $447,372
2016 $4,210 $314,847 $219,666 $95,181
2015 $4,051 $310,119 $216,367 $93,752
2014 $4,043 $304,045 $212,129 $91,916
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16045255

California Regional Multiple Listing Service (CRMLS)

APN: 7275-016-016