NOT LISTED FOR SALE

Estimated Value: $892,000 - $1,066,000

5 Beds
5 Baths
2,353 Sq Ft
$412/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $795,000 $338 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,066/month

53 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Carpet
  • 1-Story Property

About This Home

As of May 2021

Located just south of Pacific Coast Highway, this property consists of 4 units: a triplex, all 1 bedroom, 1 bath units and a 2 bedroom, 1.75 bath home with a detached garage that is accessed from the alley. All kitchens and bathrooms are original with minor improvements and separate hot water heaters. Each unit is individually metered for gas and electric. Additional driveway parking that will accommodate 3 cars.

Last Agent to Sell the Property

Scott Chapman

Coldwell Banker Realty License #01389775 Listed on: 03/15/2021

Coldwell Banker Realty

Last Buyer's Agent

Janice Sadler

Tauler Hughes California Realty License #01359319

Tauler Hughes California Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,544 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,353 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Tax Lot 21
  • Tax Tract Number 1
  • Assessor Parcel Number 7269009009

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
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $2,265
  • Water Sewer Expense $1,980
  • New Taxes Expense $9,687
  • Operating Expense $14,932
  • Gross Income $46,620
  • Net Operating Income $31,566

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1980.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7269009009
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 337.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7544.00
  • Lot Size Acres: 0.1732

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 46620.00
  • Gross Scheduled Income: 46620.00
  • Insurance Expense: 2265.00
  • Lot Size Area: 7544.0000 Square Feet
  • Net Operating Income: 31566.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Operating Expense: 14932.00
  • Rent Control: Yes
  • Total Actual Rent: 3885.00
  • Total Expenses: 14932.00

Tax Info

  • New Taxes Expense: 9687.00
  • Tax Census Tract: 5754.02
  • Tax Lot: 21
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2017
Sold by
Robbins Roy William
Bought by
Robbins Roy W and Roy W Robbins Revocable Trust
Current Estimated Value
$969,264

Purchase Details

Closed on
Apr 16, 2014
Sold by
Robbins Roy William and Thelma L Robbins Living Trust
Bought by
Robbins Roy William

Purchase Details

Closed on
Dec 27, 2000
Sold by
Robbins Thelma L
Bought by
Robbins Thelma L and Thelma L Robbins Living Trust

Purchase Details

Closed on
Oct 11, 2000
Sold by
Lee Tiffany B and Unicoast Corp
Bought by
Robbins Thelma L

Purchase Details

Closed on
Sep 29, 1999
Sold by
Questar Alan
Bought by
Lee Tiffany B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,916
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1995
Sold by
Mendoza Kay
Bought by
Questar Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,070
Interest Rate
7.5%
Mortgage Type
FHA
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
Robbins Roy W -- None Available
Robbins Roy William -- None Available
Robbins Thelma L -- --
Robbins Thelma L $215,000 Gateway Title
Lee Tiffany B -- Gateway Title Company
Lee Tiffany B $163,000 Gateway Title Company
Questar Alan $115,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Tiffany B $161,916
Previous Owner Questar Alan $119,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $795,000 +2.6% $338 / Sq Ft
03/15/2021 03/15/21 For Sale $775,000 -- $329 / 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 $11,856 $860,532 $432,972 $427,560
2024 $11,334 $843,660 $424,483 $419,177
2023 $11,141 $827,118 $416,160 $410,958
2022 $10,467 $810,900 $408,000 $402,900
2021 $9,718 $750,000 $400,000 $350,000
2020 $4,338 $296,834 $137,773 $159,061
2019 $4,289 $291,027 $135,072 $155,955
2018 $4,079 $285,334 $132,424 $152,910
2016 $3,756 $273,660 $127,283 $146,377
2015 $3,616 $269,551 $125,372 $144,179
2014 $3,614 $264,272 $122,917 $141,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21049268

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-009