NOT LISTED FOR SALE

1725 Gaviota Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $910,000 - $1,132,000

6 Beds
4 Baths
2,534 Sq Ft
$406/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $820,000 $324 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,531/month

94 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A
  • East Facing Home
  • Back and Front Yard

About This Home

As of March 2021

Welcome to 1725 and 1727 Gaviota this 4 unit property is in a prime rental location, close to public transportation, shopping and more. This investment features a great mix of (2) 2 bedroom and (2) 1 bedroom units with 6 garages and additional parking for 3 vehicles off street. Great value... property needs a little TLC.

Last Agent to Sell the Property

Ross Gagnon

Coldwell Banker Realty License #01402317 Listed on: 09/11/2020

Coldwell Banker Realty

Last Buyer's Agent

Michael Torres

On The Move Realty License #01469202

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,641

Year Built

  • Built in 1986

Lot Details

  • 5,822 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 6 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,534 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection
  • Tax Lot 23
  • Tax Tract Number 2
  • Assessor Parcel Number 7261001018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Poly High Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $144
  • Insurance Expense $1,271
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,499
  • Operating Expense $13,834
  • Gross Income $53,400
  • Net Operating Income $39,566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,641

Year Built

Built in 1986

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7261001018
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 323.60

Exterior Features

  • Direction Faces: East
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 5822.00
  • Lot Size Acres: 0.1337

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 144.00
  • Gross Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1271.00
  • Lot Size Area: 5822.0000 Square Feet
  • Net Operating Income: 39566.00
  • 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: 13834.00
  • Rent Control: Yes
  • Total Actual Rent: 4450.00
  • Total Expenses: 13834.00

Tax Info

  • New Taxes Expense: 10499.00
  • Tax Census Tract: 5752.02
  • Tax Lot: 23
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Jan 28, 2021
Sold by
Tai Kuo Hsi and Huang Hsiao Chen
Bought by
Ortiz Luis Alberto
Seller's Agent
Ross Gagnon
Coldwell Banker Realty
Buyer's Agent
Michael Torres
On The Move Realty
List Price
$874,900
Sold Price
$820,000
Premium/Discount to List
-$54,900
-6.28%
Current Estimated Value
$1,028,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,619
Avg. Annual Appreciation
4.99%
Original Mortgage
$799,933
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 2007
Sold by
Olvera Alejandro
Bought by
Tai Kuo Hsi and Huang Hsiao Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2004
Sold by
Olvera Claudia
Bought by
Olvera Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
7.86%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 10, 2004
Sold by
Ban Sary and Ban Monique
Bought by
Olvera Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
7.86%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 30, 2003
Sold by
Ban Sary and Ban Monique
Bought by
Ban Sary and Ban Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Ban Sary and Nop Han
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
Ortiz Luis Alberto $820,000 Ticor Title Company Of Ca
Tai Kuo Hsi $690,000 First American Title Company
Olvera Alejandro -- Lawyers Title
Olvera Alejandro $580,000 Lawyers Title
Ban Sary -- Lawyers Title
Ban Sary $139,500 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Luis Alberto $67,832
Closed Ortiz Luis Alberto $24,309
Previous Owner Ortiz Luis Alberto $799,933
Previous Owner Tai Kuo Hsi $423,000
Previous Owner Tai Kuo Hsi $448,000
Previous Owner Olvera Alejandro $522,000
Previous Owner Ban Sary $337,500
Previous Owner Ban Sary $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2021 03/23/21 Sold $820,000 -6.3% $324 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $874,900 -- $345 / 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 $11,641 $887,593 $324,729 $562,864
2024 $11,641 $870,190 $318,362 $551,828
2023 $11,442 $853,128 $312,120 $541,008
2022 $10,748 $836,400 $306,000 $530,400
2021 $10,934 $854,043 $371,322 $482,721
2020 $10,906 $845,287 $367,515 $477,772
2019 $10,779 $828,713 $360,309 $468,404
2018 $9,684 $750,000 $334,500 $415,500
2016 $7,746 $620,000 $276,500 $343,500
2015 $6,645 $540,000 $240,800 $299,200
2014 $6,734 $540,000 $240,800 $299,200
Source: Public Records

Agents Affiliated with this Home

  • Ross Gagnon

    Seller's Agent in 2021

    Ross Gagnon

    Coldwell Banker Realty

    (714) 724-9912

    1 in this area

    45 Total Sales

    Ross Gagnon
    Section Image
  • Michael Torres

    Buyer's Agent in 2021

    Michael Torres

    On The Move Realty

    (562) 773-7099

    1 in this area

    18 Total Sales

    Michael Torres
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20189575

California Regional Multiple Listing Service (CRMLS)

APN: 7261-001-018

California Los Angeles County Long Beach 90813 Central

1725 Gaviota Ave, Long Beach, CA

This home is located at 1725 Gaviota Ave, Long Beach, CA 90813 since 11 September 2020 and is currently estimated at $1,028,619, approximately $405 per square foot. This property was built in 1986. 1725 Gaviota Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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