NOT LISTED FOR SALE

Estimated Value: $1,235,000 - $1,430,000

11 Beds
5 Baths
3,777 Sq Ft
$348/Sq Ft Est. Value

Last Sold August 04, 2021

Last sale price $1,068,270 $283 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,144/month

25 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Level Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of August 2021

Large 4 unit property in upper downtown Long Beach. Big 5 bedroom older separate home in front with 2 baths, and 3 newer 2 bedroom 1 bath units in back over the huge carport area.(built in 1989) Management company says house has 3 off-street parking and the units have 1 each, but the space looks much larger, and there is room to park cars on outside of fence to the parking area. The newer units in the back have granite counters and wood cabinets in the kitchen. Rents are under market.

Last Agent to Sell the Property

Kathy Shasha

Coldwell Banker Realty License #00911654 Listed on: 04/22/2021

Coldwell Banker Realty

Last Buyer's Agent

Samir Rai

Keystone Realty Group License #01868728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 7,522 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,777 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 19
  • Assessor Parcel Number 7269009007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Downtown Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $227
  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $1,728
  • Pest Control $1,337
  • Professional Management Expense $1,800
  • Supplies Expense $382
  • Water Sewer Expense $1,684
  • New Taxes Expense $13,250
  • Operating Expense $24,418
  • Gross Income $65,760
  • Net Operating Income $21,506

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Supplies Expense: 382.00
  • Water Sewer Expenses: 1684.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7269009007
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 282.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1337.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Sq Ft: 7522.00
  • Lot Size Acres: 0.1727
  • Latitude Manual: 33.78903300

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 227.00
  • Gross Income: 65760.00
  • Gross Scheduled Income: 65760.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7522.0000 Square Feet
  • Maintenance Expense: 1728.00
  • Net Operating Income: 21506.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 44254.00
  • Rent Control: Yes
  • Total Actual Rent: 5480.00
  • Total Expenses: 24418.00

Tax Info

  • New Taxes Expense: 13250.00
  • Tax Census Tract: 5754.02
  • Tax Lot: 19
  • Tax Tract Number: Ste...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2016
Sold by
Labreche Leo B and Labreche La Breche
Bought by
Labreche Leo B
Current Estimated Value
$1,313,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$346,743
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$966,294

Purchase Details

Listed on
Sep 12, 2013
Closed on
Oct 4, 2013
Sold by
Hijjawi Reem
Bought by
Labreche Leo La
Seller's Agent
Mimi Griffin
HomeSmart, Evergreen Realty
Buyer's Agent
Mimi Griffin
HomeSmart, Evergreen Realty
List Price
$675,000
Sold Price
$640,000
Premium/Discount to List
-$35,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$450,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2012
Closed on
Mar 8, 2013
Sold by
Apg Fund I Llc
Bought by
Hijjawi Reem
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Candy Engelhart
Pacific Home Brokers
List Price
$599,000
Sold Price
$586,500
Premium/Discount to List
-$12,500
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.61%

Purchase Details

Closed on
Jul 13, 2012
Sold by
Robinson Horace
Bought by
Apg Fund I Llc

Purchase Details

Closed on
Dec 22, 2006
Sold by
Purcell Keith
Bought by
Robinson Horace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
Seng Ny
Bought by
Purcell Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,200
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1999
Sold by
Federal National Mortgage Association
Bought by
Seng Ny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
9.99%

Purchase Details

Closed on
Mar 5, 1999
Sold by
Fleet Mtg Corp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 2, 1999
Sold by
Norton Kevin L and Norton Patricia L
Bought by
Fleet Mtg Corp

Purchase Details

Closed on
Oct 9, 1997
Sold by
Orton Kevin L and Orton Patricia L
Bought by
Ortiz Edward and Orton Kevin L

Purchase Details

Closed on
Jun 27, 1995
Sold by
Kime Jeffery G and Kime Linda S
Bought by
Orton Kevin L and Orton Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
7.68%

Purchase Details

Closed on
Oct 12, 1994
Sold by
Ramos Robert
Bought by
Kime Jeffery G and Kime Linda S
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
Labreche Leo B -- Ortc
Labreche Leo La $640,000 First American Title Co
Hijjawi Reem $585,000 First American Title Company
Apg Fund I Llc -- None Available
Robinson Horace $800,000 Ticor Title Brea
Purcell Keith -- Ticor Title Brea
Purcell Keith $689,000 Chicago Title Co
Seng Ny $200,000 Fidelity Title
Federal National Mortgage Association $232,449 --
Fleet Mtg Corp $232,449 --
Ortiz Edward -- --
Orton Kevin L $265,000 California Counties Title Co
Kime Jeffery G $121,855 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labreche Leo B $435,000
Closed Labreche Leo La $450,000
Previous Owner Robinson Horace $720,000
Previous Owner Purcell Keith $551,200
Previous Owner Seng Ny $160,000
Previous Owner Orton Kevin L $185,500
Closed Purcell Keith $137,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2021 08/04/21 Sold $1,068,270 +0.8% $283 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $1,060,000 -0.8% $281 / Sq Ft
04/30/2021 04/30/21 Off Market $1,068,270 -- --
04/22/2021 04/22/21 For Sale $1,060,000 +65.6% $281 / Sq Ft
11/01/2013 11/01/13 Sold $640,000 -5.2% $169 / Sq Ft View Prior Sale
09/26/2013 09/26/13 Pending -- -- --
09/12/2013 09/12/13 For Sale $675,000 +15.1% $179 / Sq Ft
03/11/2013 03/11/13 Sold $586,500 -2.1% $155 / Sq Ft View Prior Sale
02/11/2013 02/11/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $599,000 -- $159 / 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 $15,405 $1,133,369 $636,724 $496,645
2024 $14,742 $1,111,147 $624,240 $486,907
2023 $14,494 $1,089,360 $612,000 $477,360
2022 $14,681 $1,068,000 $600,000 $468,000
2021 $9,496 $724,798 $226,498 $498,300
2020 $9,471 $717,367 $224,176 $493,191
2019 $9,362 $703,302 $219,781 $483,521
2018 $9,040 $689,513 $215,472 $474,041
2016 $8,308 $662,741 $207,106 $455,635
2015 $7,981 $652,787 $203,996 $448,791
2014 $7,939 $640,000 $200,000 $440,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21085272

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-007