NOT LISTED FOR SALE

Estimated Value: $1,340,000 - $1,537,136

6 Beds
5 Baths
3,826 Sq Ft
$374/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $1,125,000 $294 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,454/month

34 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Laundry Room
  • Longfellow Elementary School Rated A-
  • Park
  • 4-minute walk to Somerset Park

About This Home

As of July 2020

We are pleased to present 1752 E Carson Street in Long Beach. Located in Bixby Knolls, this quadruplex consists of a two-bedroom/one-bathroom front house and (3) two-bedroom/two-bathroom units that are situated on a 6,125 square foot lot. The property includes 4 single car entry garages with tandem parking for two vehicles per unit (8 spaces total) and extra storage space for the tenant’s belongings. Additional monthly income is generated by the shared, on-site laundry room with coin operated washer and dryer. The front unit gives an investor the opportunity to immediately update the unit and obtain market rent. The property is also a great option for an owner-user with its proximity to the Long Beach Airport, one of the nation’s top ten airports, and the Long Beach Exchange which offers high-end shopping and dining. Given the highly sought-after location and upward potential in the current rents, this is a rare investment opportunity.

Last Agent to Sell the Property

Harrison Hyde

Harrison Hyde, Broker License #01924379 Listed on: 04/07/2020

Last Buyer's Agent

Harrison Hyde

Harrison Hyde, Broker License #01924379 Listed on: 04/07/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,125 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Tandem Covered Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,826 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 12 / A
  • Tax Tract Number 11222
  • Assessor Parcel Number 7137014012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $273
  • Insurance Expense $1,339
  • Trash Expense $596
  • Water Sewer Expense $1,276
  • New Taxes Expense $14,983
  • Operating Expense $19,806
  • Gross Income $69,433
  • Net Operating Income $45,893

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • View: No
  • Water Sewer Expenses: 1276.00
  • Zoning: LBR4N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7137014012
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 294.04

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Oversized, Private, Tandem Covered
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 596.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Rectangular Lot, Near Public Transit, Paved
  • Lot Size Sq Ft: 6125.00
  • Lot Size Acres: 0.1406

Multi Family

  • Electric Expense: 273.00
  • Gross Income: 69433.00
  • Gross Scheduled Income: 71580.00
  • Insurance Expense: 1339.00
  • Lot Size Area: 6125.0000 Square Feet
  • Net Operating Income: 45893.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 19806.00
  • Rent Control: Yes
  • Total Expenses: 19806.00

Tax Info

  • New Taxes Expense: 14983.00
  • Tax Block: A
  • Tax Census Tract: 5719.00
  • Tax Lot: 12
  • Tax Tract Number: 11222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2020
Closed on
May 14, 2020
Sold by
Bowker Andrew Leslee and Bowker Christopher Terry
Bought by
Tyner Lorenzo
Seller's Agent
Harrison Hyde
Harrison Hyde, Broker
Buyer's Agent
Harrison Hyde
Harrison Hyde, Broker
List Price
$1,195,000
Sold Price
$1,125,000
Premium/Discount to List
-$70,000
-5.86%
Current Estimated Value
$1,534,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,168
Avg. Annual Appreciation
4.41%
Original Mortgage
$843,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2001
Sold by
Davis Marvin Leroy and Davis Shirley Jean
Bought by
Davis Marvin Leroy and Davis Shirley Jean
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
Tyner Lorenzo $1,125,000 Ticor Title
Davis Marvin Leroy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tyner Lorenzo $843,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $1,125,000 -5.9% $294 / Sq Ft
04/07/2020 04/07/20 For Sale $1,195,000 -- $312 / Sq Ft
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 $15,744 $1,217,734 $703,580 $514,154
2024 $15,744 $1,193,858 $689,785 $504,073
2023 $15,480 $1,170,450 $676,260 $494,190
2022 $14,536 $1,147,500 $663,000 $484,500
2021 $14,240 $1,125,000 $650,000 $475,000
2020 $5,816 $414,843 $57,354 $357,489
2019 $5,750 $406,710 $56,230 $350,480
2018 $5,520 $398,736 $55,128 $343,608
2016 $5,066 $383,255 $52,989 $330,266
2015 $4,874 $377,500 $52,194 $325,306
2014 $4,860 $370,106 $51,172 $318,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20068443

California Regional Multiple Listing Service (CRMLS)

APN: 7137-014-012