NOT LISTED FOR SALE

Estimated Value: $1,529,000 - $1,643,000

7 Beds
5 Baths
3,578 Sq Ft
$444/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $1,350,000 $377 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,719/month

21 Days on Market

Highlights

  • Primary Bedroom Suite
  • 0.12 Acre Lot
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Midcentury Modern Architecture
  • 2-minute walk to Miracle On Fourth Street Park

About This Home

As of July 2020

New Listing!!! INVESTOR’S DREAM . Exciting FOUR PLEX IS 3 1/2 blocks to the beach, has 7 parking spaces , 4 outdoor patio areas and 3 laundry areas. Designer Remodeled Modern Contemporary 3+2 front house includes a Master Suite , NEW Premium gray vinyl plank flooring, 2 remodeled bathrooms with quartz countertops and gray Stylish porcelain tile floors !. Gorgeous UPDATED kitchen with granite countertops, SS Appliances,pantry, new washer/dryer, new Frig. Outside the front house you have a STAMPED concrete driveway , lush landscaping and parking for 2 cars, 3 large outdoor patio areas.Second building has 3 units.Townhouse with 2 bedrooms and 1 1/2 baths boasts its own laundry closet and Huge outdoor covered patio and 2 parking spaces. Apartment over garage has 2 Bedrooms , 1 bath, 2 parking spaces an laundry access. New furnished Studio with walk in closet ,premium tile flooring throughout. Studio has washer dryer access and 1 outdoor parking space. Front house has Central HVAC, new roof , vinyl windows and plumbing. With 93k income a year, your buyer will enjoy a great Cape Rate of 5.5 . GRM= 14.9. Seller has invested more than $160,000 to make this the perfect property. 95 Walk score. Walk to Shoreline Village,Retro Row,Popular Pine street restaurants and bars. Property HAS NO SIGN, ALL UNITS ALL OCCUPIED! SO PLEASE DO NOT DISTURB TENANTS. WRITE OFFER SUBJECT TO INTERIOR INSPECTION WITH RPA, EMD,POF, DU APPROVAL, LOCATED NORTH OF 3RD AND EAST OF WALNUT.

Last Agent to Sell the Property

Peggy Graham- Nyman

The ONE Luxury Properties License #00892501 Listed on: 05/26/2020

The ONE Luxury Properties

Last Buyer's Agent

Kathryn Alexander

Real Estate Source, Inc License #02097338

Real Estate Source, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 5,333 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Vinyl Fence
  • New Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Driveway Level
  • Assigned Parking

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Midcentury Modern Architecture
  • Contemporary Architecture
  • Traditional Architecture
  • Quadruplex
  • Additions or Alterations
  • Combination Foundation
  • Shingle Roof
  • Tile Roof
  • Rolled or Hot Mop Roof
  • Plaster
  • Stucco

Interior Spaces

  • 3,578 Sq Ft Home
  • 1-Story Property
  • Awning
  • Living Room

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 2606
  • Assessor Parcel Number 7275016021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $720
  • Insurance Expense $2,400
  • Other Expense $50
  • Trash Expense $960
  • Water Sewer Expense $960
  • New Taxes Expense $17,800
  • Operating Expense $23,440
  • Gross Income $93,000
  • Net Operating Income $69,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1920 | Remodeled

Lot Details

5,333 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Inclusions: Furnished studio .
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Zoning: LBR1N
  • Architectural Style: Contemporary, Mid Century Modern, Traditional
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7275016021
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 377.31
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite

Exterior Features

  • Foundation: Combination
  • Other Structures: Two On A Lot
  • Exterior Features: Awning(s)
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: New Condition, Vinyl
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Shingle, Tile
  • Spa: No
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Paved, Driveway Level, Garage Faces Rear
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater Central, Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Closet, In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 5333.00
  • Lot Size Acres: 0.1224

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Average3 Bed Area: 1286 Square Feet
  • Average Studio Area: 300 Square Feet
  • Electric Expense: 600.00
  • Gross Income: 93000.00
  • Gross Multiplier: 14.90
  • Gross Operating Income: 23440.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 5333.0000 Square Feet
  • Net Operating Income: 69560.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 23440.00
  • Other Expense: 50.00
  • Rent Control: No
  • Total Actual Rent: 7750.00
  • Total Expenses: 23440.00

Tax Info

  • New Taxes Expense: 17800.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 8
  • Tax Tract Number: 2606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Jun 20, 2020
Sold by
Solliday Herbert A and Solliday Leanna W
Bought by
Kwok Gabriel K and Ma Kaitlyn
Seller's Agent
Peggy Graham- Nyman
The ONE Luxury Properties
Buyer's Agent
Kathryn Alexander
Real Estate Source, Inc
List Price
$1,388,000
Sold Price
$1,350,000
Premium/Discount to List
-$38,000
-2.74%
Current Estimated Value
$1,589,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,520
Avg. Annual Appreciation
2.96%
Original Mortgage
$1,012,509
Outstanding Balance
$895,526
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$693,994

Purchase Details

Listed on
Jan 20, 2016
Closed on
Feb 16, 2016
Sold by
Dixon Vanessa E
Bought by
The Herbert Herbert A & Leanna W Sollida
Seller's Agent
Robert Cole
Real Brokerage Technologies, Inc
Buyer's Agent
Peggy Graham- Nyman
White House Properties
List Price
$1,095,000
Sold Price
$1,095,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%

Purchase Details

Closed on
Dec 3, 2012
Sold by
1 Valley View Group Llc
Bought by
Dixon Vanessa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2012
Closed on
May 1, 2012
Sold by
Residential Mortgage Trust 2008 R1
Bought by
1 Valley View Group Llc
Seller's Agent
Ryan La Chapelle
No Firm Affiliation
Buyer's Agent
Ryan La Chapelle
No Firm Affiliation
Sold Price
$369,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%

Purchase Details

Closed on
Sep 16, 2011
Sold by
Rocha Salvador and Rocha Rita
Bought by
Residential Mortgage Trust 2008 Ri

Purchase Details

Closed on
Dec 20, 2006
Sold by
Rocha Salvador A and Rocha Rita
Bought by
Rocha Salvador and Rocha Rita

Purchase Details

Closed on
Feb 10, 2006
Sold by
Concepcion Olvera Alejandro and Concepcion Pierre
Bought by
Concepcion Olvera Alejandro and Concepcion Pierre

Purchase Details

Closed on
Nov 3, 2004
Sold by
Rocha Salvador A and Rocha Rita
Bought by
Concepcion Olvera Alejandro and Concepcion Pierre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,250
Interest Rate
8.61%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 5, 2003
Sold by
Ocampo Rita and Rocha Rita
Bought by
Rocha Salvador A and Rocha Rita

Purchase Details

Closed on
May 1, 2003
Sold by
Rocha Salvador and Ocampo Alfonso
Bought by
Rocha Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.74%

Purchase Details

Closed on
Jul 21, 2000
Sold by
Backstrom Sandra L
Bought by
Rocha Salvador and Rocha Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,939
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1999
Sold by
Elviro International
Bought by
Backstrom Sandra L

Purchase Details

Closed on
Sep 17, 1998
Sold by
Residential Funding Corp
Bought by
Enviro International

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.91%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Vaynerman Mark
Bought by
Residential Funding Corp

Purchase Details

Closed on
Aug 21, 1997
Sold by
Gallier Michael J
Bought by
Rodriguez Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,574
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1997
Sold by
Rodriguez Adolfo
Bought by
Vaynerman Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,574
Interest Rate
7.34%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kwok Gabriel K $1,350,000 North American Title Company
The Herbert Herbert A & Leanna W Sollida $1,095,000 Ticor Title
Dixon Vanessa E $700,000 First American Title Company
1 Valley View Group Llc $370,000 None Available
Residential Mortgage Trust 2008 Ri $450,000 None Available
Rocha Salvador -- Fidelity Natl Title Co Ca
Rocha Salvador -- Fidelity Natl Title Co Of Ca
Concepcion Olvera Alejandro -- None Available
Concepcion Olvera Alejandro $585,000 United Title Company-La
Olvera Alejandro -- --
Rocha Salvador A -- --
Rocha Rita -- Stewart Title
Rocha Salvador $252,000 South Coast Title Company
Backstrom Sandra L $147,590 Orange Coast Title
Enviro International $168,000 Fidelity National Title Co
Residential Funding Corp $150,000 Chicago Title
Rodriguez Adolfo $162,000 Commonwealth Land Title Co
Vaynerman Mark $320,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwok Gabriel K $1,012,509
Previous Owner Dixon Vanessa E $490,000
Previous Owner Concepcion Olvera Alejandro $497,250
Previous Owner Rocha Rita $300,000
Previous Owner Rocha Salvador $249,939
Previous Owner Enviro International $130,000
Previous Owner Vaynerman Mark $305,574
Closed Enviro International $35,000
Closed Concepcion Olvera Alejandro $87,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2020 07/24/20 Sold $1,350,000 -2.7% $377 / Sq Ft
05/26/2020 05/26/20 For Sale $1,388,000 +26.8% $388 / Sq Ft
03/31/2016 03/31/16 Sold $1,095,000 0.0% $306 / Sq Ft View Prior Sale
01/26/2016 01/26/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $1,095,000 0.0% $306 / Sq Ft
04/26/2013 04/26/13 Rented $2,500 0.0% --
04/12/2013 04/12/13 Under Contract -- -- --
03/10/2013 03/10/13 For Rent $2,500 0.0% --
03/01/2013 03/01/13 Sold $700,000 +7.9% $210 / Sq Ft View Prior Sale
11/17/2012 11/17/12 Pending -- -- --
10/12/2012 10/12/12 For Sale $649,000 +75.4% $195 / Sq Ft
06/12/2012 06/12/12 Sold $369,925 -- $111 / Sq Ft View Prior Sale
04/17/2012 04/17/12 Pending -- -- --
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 $18,662 $1,461,282 $541,216 $920,066
2024 $18,662 $1,432,630 $530,604 $902,026
2023 $18,349 $1,404,540 $520,200 $884,340
2022 $17,221 $1,377,000 $510,000 $867,000
2021 $16,878 $1,350,000 $500,000 $850,000
2020 $15,023 $1,185,262 $865,945 $319,317
2019 $14,737 $1,162,022 $848,966 $313,056
2018 $14,326 $1,139,238 $832,320 $306,918
2016 $8,927 $728,164 $520,117 $208,047
2015 $8,571 $717,227 $512,305 $204,922
2014 $8,517 $703,178 $502,270 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20096735

California Regional Multiple Listing Service (CRMLS)

APN: 7275-016-021

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