NOT LISTED FOR SALE

Estimated Value: $842,396 - $932,000

6 Beds
2 Baths
1,684 Sq Ft
$521/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $605,000 $359 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,479/month

6 Days on Market

Highlights

  • City Lights View
  • Lawn
  • Wood Fence
  • Corner Lot

About This Home

As of February 2020

HUGE INVESTMENT OPPORTUNITY NOT TO BE MISSED!!!!!
Multi-dwelling property with 2 separate rental units occupied by long-term renters!! Property is on a quaint, tree-lined street in a safe, highly desirable area of Long Beach.
Centrally located in City of Long Beach Long Beach and easily accessible from the 710, 91, and 605 freeways! Don’t miss a rare opportunity to snap up this multi-dwelling property where both rental units having their own separate utility meters and entrances. Smaller unit of 624 sqf faces Gaviota St has 2 bedrooms, 1 full bath; larger unit on Curry St. features 4 bedrooms, 1 full bath with 1060 sqf of living space. With a lot size of 4,804 sqf, the property has potentials for expansion of the smaller unit. Sellers currently have long-term tenants who are willing to remain if conditions are right.
Location is within a mile from Grant Elementary School, Hamilton Middle School, and Jordan High School and conveniently near shopping centers, grocery stores and parks. Property could use minor cosmetic upgrades to bring it into the luxury category. The possibilities are limitless and will not last at this asking price!!!!

Last Agent to Sell the Property

John Tran

NextGen Team Realty License #01359195 Listed on: 11/12/2019

Co-Listed By

Kimberly Tran

NextGen Team Realty License #01434278

Last Buyer's Agent

Kimberly Tran

NextGen Team Realty License #01434278

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,519

Year Built

  • Built in 1926

Lot Details

  • 4,804 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Corner Lot
  • Rectangular Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1,684 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 42
  • Tax Tract Number 7550
  • Assessor Parcel Number 7118015026

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • New Taxes Expense $8,100
  • Operating Expense $9,600
  • Gross Income $36,360
  • Net Operating Income $35,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,519

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7118015026
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 359.26

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn, Lot Over 40000 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 4804.00
  • Lot Size Acres: 0.1103

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 36360.00
  • Gross Scheduled Income: 36360.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4804.0000 Square Feet
  • Net Operating Income: 35580.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 780.00
  • Rent Control: No
  • Total Actual Rent: 3030.00
  • Total Expenses: 9600.00

Tax Info

  • New Taxes Expense: 8100.00
  • Tax Census Tract: 5705.02
  • Tax Lot: 42
  • Tax Tract Number: 7550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2021
Sold by
Chen Luke Lihsin and Lu Michelle Hsiaoling
Bought by
Chen Luke Lihsin and Lu Michelle Hsiaoling
Current Estimated Value
$876,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Outstanding Balance
$519,290
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$317,761

Purchase Details

Closed on
Sep 8, 2020
Sold by
Chen Luke Lishin and Lu Michelle Hsiaoling
Bought by
Chen Luke Lishin and Lu Michelle Hsiaoling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 12, 2019
Closed on
Feb 15, 2020
Sold by
Wathanasaynee Nisakorn and Wathanasaynee Koby
Bought by
Vorachard Group Llc
Seller's Agent
John Tran
NextGen Team Realty
Buyer's Agent
Kimberly Tran
NextGen Team Realty
List Price
$599,900
Sold Price
$605,000
Premium/Discount to List
$5,100
0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$453,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 12, 2019
Closed on
Feb 14, 2020
Sold by
Vorchard Group Llc
Bought by
Chen Luke Lihsin and Lu Michelle Hsiaoling
Seller's Agent
John Tran
NextGen Team Realty
Buyer's Agent
Kimberly Tran
NextGen Team Realty
List Price
$599,900
Sold Price
$605,000
Premium/Discount to List
$5,100
0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2018
Sold by
Wathanasaynee Chalongrat
Bought by
Wathanasaynee Nisakorn and Wathanasaynee Koby

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jun 15, 2015
Sold by
Ross Matt G and Ross David G
Bought by
Wathanasaynee Chalongrat and Wathanasaynee Nisakorn
Seller's Agent
Miki Singer
Coldwell Banker Realty
Buyer's Agent
Miki Singer
Coldwell Banker Realty
List Price
$425,000
Sold Price
$426,000
Premium/Discount to List
$1,000
0.24%

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
$319,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 1996
Sold by
Ross David G and Ross Esther
Bought by
Ross David G and Ross Esther
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
Chen Luke Lihsin -- Title Connect Inc
Chen Luke Lishin -- Accommodation
Chen Luke Lihsin -- Provident Title Company
Vorachard Group Llc -- Orange Coast Title
Chen Luke Lihsin $605,000 Orange Coast Title
Wathanasaynee Nisakorn -- None Available
Wathanasaynee Chalongrat $426,000 Chicago Title Company
Ross David G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Luke Lihsin $567,000
Closed Chen Luke Lihsin $456,000
Closed Chen Luke Lihsin $453,750
Previous Owner Wathanasaynee Chalongrat $319,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $605,000 +0.9% $359 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $599,900 +40.8% $356 / Sq Ft
07/15/2015 07/15/15 Sold $426,000 +0.2% $253 / Sq Ft
06/11/2015 06/11/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $425,000 -- $252 / 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 $8,519 $661,653 $333,560 $328,093
2024 $8,519 $648,680 $327,020 $321,660
2023 $8,376 $635,961 $320,608 $315,353
2022 $7,865 $623,492 $314,322 $309,170
2021 $7,708 $611,267 $308,159 $303,108
2020 $6,027 $466,686 $190,491 $276,195
2019 $5,958 $457,536 $186,756 $270,780
2018 $5,692 $443,210 $172,706 $270,504
2016 $5,235 $426,000 $166,000 $260,000
2015 $1,770 $130,220 $52,640 $77,580
2014 $1,770 $127,670 $51,609 $76,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19263598

California Regional Multiple Listing Service (CRMLS)

APN: 7118-015-026