NOT LISTED FOR SALE

Estimated Value: $1,122,000 - $1,422,000

9 Beds
7 Baths
3,423 Sq Ft
$359/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $1,171,000 $342 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,777/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace

About This Home

As of May 2022

Prime 4- Plex with great unit mix located minutes to downtown LB, Ocean, CSULB and more! 4 units consisting of 2- 3 bed/ 2 bath , 1-2bed/ 2 bath and 1 - 1 bed/1 bath. 5 garages, onsite laundry room. Individually metered for gas & electric. Owner pays water only. Long term owner with long term tenants. Upside in rents and perfect for someone who wants to come in and make this building their own with some updating!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 02/15/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,524 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,423 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269009003

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $59,760
  • Net Operating Income $41,832

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7269009003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 342.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7524.00
  • Lot Size Acres: 0.1727

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59760.00
  • Gross Scheduled Income: 59760.00
  • Lot Size Area: 7524.0000 Square Feet
  • Net Operating Income: 41832.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17928.00
  • Rent Control: Yes
  • Total Actual Rent: 4980.00

Tax Info

  • Tax Census Tract: 5754.02
  • Tax Lot: 15
  • Tax Tract Number: 5754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Long Bunthoeun
Bought by
Long Bunthoeun and Marrasquin Jessenia C
Current Estimated Value
$1,228,299

Purchase Details

Listed on
Jan 17, 2014
Closed on
Feb 6, 2014
Sold by
Nguyen Danh Xuan
Bought by
Afeef Simo Saad and Nguyen Kim Yen
Seller's Agent
Julieanne Lam Phan
Phan Property Management
Buyer's Agent
Tim Lam
Showcase Properties
List Price
$595,000
Sold Price
$555,000
Premium/Discount to List
-$40,000
-6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
Feb 18, 2004
Sold by
Le Kathy and Duy Tri Nguyen
Bought by
Nguyen Danh Xuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2002
Sold by
Lee Soon B
Bought by
Le Kathy

Purchase Details

Closed on
Mar 21, 2002
Sold by
Hud
Bought by
Lee Soon B

Purchase Details

Closed on
Nov 16, 2001
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Jun 12, 2001
Sold by
Gatica German Adolfo and Ramirez Julio Cesar
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Jul 13, 2000
Sold by
Gatica German Adolfo and Ramirez Julio Cesar
Bought by
Soto Giovanny

Purchase Details

Closed on
Mar 27, 2000
Sold by
Ramirez Julio Cesar
Bought by
Gatica German Adolfo

Purchase Details

Closed on
Jan 12, 1998
Sold by
Rivera Oneida Omar
Bought by
Gatica German Adolfo

Purchase Details

Closed on
Nov 12, 1997
Sold by
Finzi David B
Bought by
Acevedo German Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,195
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 12, 1995
Sold by
California Federal Bank Fsb
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.47%

Purchase Details

Closed on
Nov 2, 1995
Sold by
Judy Clifford L and Judy Williams Revo
Bought by
California Federal Bank Fsb and California Fsla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.47%
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
Long Bunthoeun -- --
Afeef Simo Saad $555,000 Ticor Title Company
Nguyen Danh Xuan $430,000 Old Republic Title Company
Le Kathy -- Old Republic Title Company
Le Kathy $227,000 --
Lee Soon B $211,000 Stewart Title
Hud $261,460 First American Title Co
Homeside Lending Inc $261,460 First American Title Ins Co
Soto Giovanny -- --
Gatica German Adolfo -- --
Gatica German Adolfo -- --
Gatica German Adolfo -- Provident Title
Acevedo German Adolfo $255,000 Provident Title
Finzi David B $91,000 --
California Federal Bank Fsb $91,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Danh Xuan $301,000
Previous Owner Acevedo German Adolfo $245,195
Previous Owner Finzi David B $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2022 05/02/22 Sold $1,171,000 +6.5% $342 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $1,100,000 +98.2% $321 / Sq Ft
02/28/2014 02/28/14 Sold $555,000 -6.7% $162 / Sq Ft View Prior Sale
02/04/2014 02/04/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $595,000 -- $174 / 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 $16,091 $1,242,674 $795,906 $446,768
2024 $16,091 $1,218,308 $780,300 $438,008
2023 $15,822 $1,194,420 $765,000 $429,420
2022 $8,558 $641,104 $231,027 $410,077
2021 $8,373 $628,535 $226,498 $402,037
2019 $8,256 $610,704 $219,781 $390,923
2018 $7,924 $598,746 $215,472 $383,274
2016 $7,284 $574,719 $207,106 $367,613
2015 $7,000 $566,088 $203,996 $362,092
2014 $6,327 $498,721 $186,729 $311,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22026197

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-003