NOT LISTED FOR SALE

Estimated Value: $875,000 - $1,041,802

3 Beds
3 Baths
2,134 Sq Ft
$456/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $775,000 $363 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,016/month

77 Days on Market

About This Home

As of July 2019

This property at 1740 E Washington St features a studio layout with 1 bathroom, encompassing 600 square feet of living space. The bathroom includes a tub/shower combination for convenience. The living area is designed for flexibility, allowing for various furniture arrangements. Amenities include storage space, heating, high-speed internet access, and Wi-Fi, ensuring comfort and connectivity. The unit is equipped with a washer and dryer for in-home laundry. The exterior offers a well-maintained environment with a sprinkler system. This property is suitable for individuals seeking a compact living space with essential amenities.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/28/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/28/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,471 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,134 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 5535
  • Assessor Parcel Number 7128021032

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $15,997
  • Gross Income $55,242
  • Net Operating Income $36,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.71
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7128021032
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 363.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8471.00
  • Lot Size Acres: 0.1945

Multi Family

  • Gross Income: 55242.00
  • Gross Multiplier: 14.03
  • Gross Scheduled Income: 55242.00
  • Lot Size Area: 8471.0000 Square Feet
  • Net Operating Income: 36483.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15997.00
  • Rent Control: No
  • Total Expenses: 15997.00

Tax Info

  • Tax Census Tract: 5706.02
  • Tax Lot: 27
  • Tax Tract Number: 5535

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2019
Closed on
Jul 29, 2019
Sold by
Groza Dorothy
Bought by
Nunnally Jeremy
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$973,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,451
Avg. Annual Appreciation
3.62%

Purchase Details

Closed on
May 28, 2019
Sold by
Kalman Andrew
Bought by
Nunnally Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2017
Sold by
Kalman Andrew
Bought by
Kalman Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2004
Sold by
Bony Lunderville Gerald and Bony Lek
Bought by
Kalman Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Nunnally Jeremy -- Progressive Title Company
Nunnally Jeremy $775,000 Progressive Title Company
Kalman Andrew -- Title 365
Kalman Andrew -- Title 365
Kalman Andrew $430,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nunnally Jeremy $641,750
Previous Owner Kalman Andrew $340,000
Previous Owner Kalman Andrew $344,000
Closed Kalman Andrew $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2024 11/29/24 Off Market $3,500 -- --
10/19/2024 10/19/24 For Rent $3,500 0.0% --
07/31/2019 07/31/19 Sold $775,000 0.0% $363 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $775,000 0.0% $363 / Sq Ft
05/07/2019 05/07/19 Off Market $775,000 -- --
03/28/2019 03/28/19 For Sale $775,000 -- $363 / 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 $10,980 $847,571 $437,456 $410,115
2024 $10,980 $830,953 $428,879 $402,074
2023 $10,794 $814,661 $420,470 $394,191
2022 $10,026 $798,688 $412,226 $386,462
2021 $9,828 $783,029 $404,144 $378,885
2020 $9,803 $775,000 $400,000 $375,000
2019 $7,160 $550,751 $254,905 $295,846
2018 $6,845 $537,301 $249,907 $287,394
2016 $5,586 $455,000 $205,000 $250,000
2015 $4,765 $395,000 $180,000 $215,000
2014 $4,828 $395,000 $180,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19069409

California Regional Multiple Listing Service (CRMLS)

APN: 7128-021-032