NOT LISTED FOR SALE

1765 E 3rd St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $997,000 - $1,543,000

4 Beds
3 Baths
1,806 Sq Ft
$679/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $620,000 $343 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $7,253/month

5 Days on Market

Highlights

  • 0.12 Acre Lot
  • Craftsman Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Wood Siding
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of January 2013

WALK TO THE BEACH!!!!! Come and see this charming triplex in the lovely Alamitos Beach area!!! Main house is a beautiful 2 bed/ 1 bath craftsman situated at the rear of the property with a 1-car garage plus an extra parking space! Very tranquil gated front yard and porch! It has a huge attic that could be used as a 3rd bedroom, office, or gameroom! Two small cottages in the front complete this gorgeous income producing property!!! They are each 1 bed/ 1 bath!!! All units have indoor laundry! This is a great rental area and a beautiful place to live! With this property you have both!!!!!

Last Agent to Sell the Property

Steven Lamb

RAD Real Estate Management Inc License #01416452 Listed on: 12/07/2012

Last Buyer's Agent

Natasha Schultheis

Coldwell Banker Realty License #01277420

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 5,282

Parking

  • 2 Parking Spaces

Home Design

  • 1,806 Sq Ft Home
  • Craftsman Architecture
  • Wood Siding
  • Vinyl Siding

Additional Features

  • 5,282 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 7275014034

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,150
  • Net Operating Income $42,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.51
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7275014034
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 343.30

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding, Vinyl Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5282.00
  • Lot Size Acres: 0.1210

Multi Family

  • Gross Income: 4150.00
  • Gross Multiplier: 13.05
  • Gross Scheduled Income: 49800.00
  • Net Operating Income: 42330.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7470.00

Tax Info

  • Tax Area: 5500
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Estes Hugh G and Estes Hannah
Bought by
Estes Hugh G and Estes Hannah
Current Estimated Value
$1,226,735

Purchase Details

Listed on
Dec 7, 2012
Closed on
Jan 28, 2013
Sold by
Prior Frank E and Electric Capital Llc
Bought by
Estes Hugh G and Estes Hannah R
Seller's Agent
Steven Lamb
RAD Real Estate Management Inc
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$649,900
Sold Price
$620,000
Premium/Discount to List
-$29,900
-4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$438,750
Outstanding Balance
$305,574
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$921,161

Purchase Details

Closed on
Aug 27, 2012
Sold by
Woolfork Cedric J
Bought by
Prior Frank E and Electric Capital Llc

Purchase Details

Closed on
Dec 5, 2011
Sold by
Woolfork Geraldine R
Bought by
The Geraldine R Woolfork Revocable Trust

Purchase Details

Closed on
Jun 26, 2009
Sold by
Woolfork Ana
Bought by
Woolfork Cedric J

Purchase Details

Closed on
Aug 31, 2006
Sold by
Woolfork Cedric J
Bought by
Woolfork Cedric J and Woolfork Geraldine R

Purchase Details

Closed on
May 5, 2006
Sold by
Woolfork Cedric J and Woolfork Geraldine R
Bought by
Woolfork Cedric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
1.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 8, 2005
Sold by
Woolfork Cedric J
Bought by
Woolfork Cedric J and Woolfork Tina J

Purchase Details

Closed on
Nov 23, 2004
Sold by
Woolfork Cedric J
Bought by
Woolfork Cedric J and Woolfork Geraldine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,250
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2003
Sold by
Woolfork Cedric J
Bought by
Woolfork Cedric J and Woolfork Geraldine R

Purchase Details

Closed on
Feb 6, 2003
Sold by
Lehner Lawrence K
Bought by
Woolfork Cedric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,500
Interest Rate
5.72%

Purchase Details

Closed on
Apr 30, 2002
Sold by
Clark Byron A
Bought by
Lehner Lawrence K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.62%

Purchase Details

Closed on
Apr 22, 2002
Sold by
Lehner Judith E
Bought by
Lehner Lawrence K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.62%

Purchase Details

Closed on
Nov 17, 2000
Sold by
Trust Paul Glenn S Co Tr Paul Starr Fami and Starr Suzanne Pauline
Bought by
Clark Byron A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.54%

Purchase Details

Closed on
Nov 10, 1994
Sold by
Starr Suzanne P
Bought by
Paul Glenn Scott and Starr Suzanne Pauline
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
Estes Hugh G -- None Available
Estes Hugh G -- None Available
Estes Hugh G $620,000 Ticor Title Tustin Orange Co
Prior Frank E $470,500 None Available
The Geraldine R Woolfork Revocable Trust -- None Available
The Tina Jean Woolfork Revocable Trust -- None Available
Woolfork Cedric J -- None Available
Woolfork Cedric J -- None Available
Woolfork Cedric J -- Alliance Title Company
Woolfork Cedric J -- --
Woolfork Cedric J -- --
Woolfork Cedric J -- United Title Company
Woolfork Cedric J -- --
Woolfork Cedric J $490,000 Lawyers Title
Lehner Lawrence K $390,000 --
Lehner Lawrence K -- --
Clark Byron A $260,000 North American Title Co
Paul Glenn Scott -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estes Hugh G $438,750
Previous Owner Woolfork Cedric J $550,000
Previous Owner Woolfork Cedric J $497,250
Previous Owner Woolfork Cedric J $465,500
Previous Owner Lehner Lawrence K $351,000
Previous Owner Clark Byron A $208,000
Closed Clark Byron A $26,000
Closed Woolfork Cedric J $29,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $620,000 -4.6% $343 / Sq Ft
12/12/2012 12/12/12 Pending -- -- --
12/07/2012 12/07/12 For Sale $649,900 -- $360 / 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 $9,916 $763,475 $517,193 $246,282
2024 $9,916 $748,505 $507,052 $241,453
2023 $9,748 $733,829 $497,110 $236,719
2022 $9,154 $719,441 $487,363 $232,078
2021 $8,970 $705,335 $477,807 $227,528
2020 $8,947 $698,103 $472,908 $225,195
2019 $8,843 $684,416 $463,636 $220,780
2018 $8,571 $670,997 $454,546 $216,451
2016 $7,889 $644,944 $436,897 $208,047
2015 $7,574 $635,257 $430,335 $204,922
2014 $7,527 $622,814 $421,906 $200,908
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steven Lamb

    RAD Real Estate Management Inc

  • Natasha Schultheis

    Buyer's Agent in 2013

    Natasha Schultheis

    Coldwell Banker Realty

    (562) 438-0910

    1 in this area

    52 Total Sales

    Natasha Schultheis
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P842899

California Regional Multiple Listing Service (CRMLS)

APN: 7275-014-034

California Los Angeles County Long Beach 90802 North Alamitos Beach

1765 E 3rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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