$1,300,000
SOLD JAN 23, 2025
8 Beds
7 Baths
3,725 Sq Ft
6,125 Sq Ft Lot

Recently Sold

$349 Per Sq Ft

4% Above List Price

5 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Longfellow Elementary School Rated A-
  • Laundry Room
  • 4-minute walk to Somerset Park

About This Home

As of January 2025

Introducing 1812 E. Carson Ave, Long Beach – A Prime 4-Unit Investment Opportunity

Discover the perfect blend of comfort and practicality with this rare 4-unit property in the heart of Long Beach. Situated on a generous lot with ample parking and versatile garage spaces, this property is designed to appeal to investors seeking stable, long-term value.

Property Highlights:
Front Detached Home: A charming 2-bedroom, 1-bathroom home featuring a cozy fireplace, interior laundry, and a private setting separate from the other units.
Modern Triplex (Built in 1987):
Two units are 2-bedroom, 2-bathroom flats, offering spacious layouts.
One unit is a townhouse-style 2-bedroom, 2-bathroom residence with both front and rear private patios, ideal for tenants seeking a unique rental experience.
Additional Features:
Ample Parking: A large lot with tandem garage spaces, accommodating up to two cars per garage.
Utilities: Sub-metered for gas and electric, ensuring efficiency and ease for landlords.
Desirable Location: Set in a sought-after area of Long Beach, surrounded by local amenities and strong rental demand. On-site laundry room for the triplex tenants.

This is the epitome of “bread-and-butter” investing – solid, dependable, and perfectly suited for long-term growth. Whether you’re a seasoned investor or building your portfolio, 1812 E. Carson Ave is a property you don’t want to miss.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 12/19/2024

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,299

Year Built

  • Built in 1987

Lot Details

  • 6,125 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Tandem Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 3,725 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Carpet
  • Window Bars
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 14 / A
  • Tax Tract Number 11222
  • Assessor Parcel Number 7137014014
  • $905 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • California Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $1,200
  • Gardener Expense $1,600
  • Insurance Expense $3,600
  • Trash Expense $1,200
  • Water Sewer Expense $3,600
  • New Taxes Expense $15,625
  • Operating Expense $28,475
  • Gross Income $86,100
  • Net Operating Income $57,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,299

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.61
  • Property Attached: No
  • Security: Window Bars
  • Subdivision Name Other: California Heights (CH)
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LBR4N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1600.00
  • Parcel Number: 7137014014
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 348.99

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage, Tandem Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6125.00
  • Lot Size Acres: 0.1406

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 958 Square Feet
  • Electric Expense: 2400.00
  • Fuel Expense: 1200.00
  • Gross Income: 86100.00
  • Gross Multiplier: 14.52
  • Gross Operating Income: 86100.00
  • Gross Scheduled Income: 86100.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 6125.0000 Square Feet
  • Net Operating Income: 57625.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 3
  • Number With Range: 4
  • Operating Expense: 28475.00
  • Rent Control: Yes
  • Total Actual Rent: 7010.00
  • Total Expenses: 28475.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Block: A
  • Tax Census Tract: 5719.00
  • Tax Lot: 14
  • Tax Tract Number: 11222
  • TaxOtherAnnualAssessmentAmount: 905.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Jan 9, 2025
Sold by
Wayne Robert Morris Trust and Yokoi Tak
Bought by
Charnell Cody and Villa Beatriz
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%
Views
19
Current Estimated Value
$1,379,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,123
Avg. Annual Appreciation
8.08%
Original Mortgage
$975,000
Outstanding Balance
$967,950
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$411,173

Purchase Details

Closed on
May 9, 2011
Sold by
Morris Wayne R
Bought by
Morris Wayne Robert and Wayne Robert Morris Trust

Purchase Details

Closed on
Jan 31, 2008
Sold by
Brannon Donald H and Brannon Laurie Jean
Bought by
Morris Wayne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2002
Sold by
Brannon Donald H and Brannon Laurie J
Bought by
Brannon Donald H and Brannon Laurie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.13%

Purchase Details

Closed on
Mar 13, 2002
Sold by
Brannon Donald H and Brannon Laurie Jean
Bought by
Brannon Donald H and Brannon Laurie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,300,000 Noble Oak Escrow, Inc
Interfamily Deed Transfer -- None Available
Grant Deed $850,000 Commonwealth Land Title Co
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 New Conventional
Previous Owner $595,000 Purchase Money Mortgage
Previous Owner $210,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2025 01/23/25 Sold $1,300,000 +4.0% $349 / Sq Ft
12/24/2024 12/24/24 Pending -- -- --
12/19/2024 12/19/24 For Sale $1,250,000 -- $336 / 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 $16,299 $1,264,250 $710,868 $553,382
2024 $16,299 $1,239,462 $696,930 $542,532
2023 $16,025 $1,215,160 $683,265 $531,895
2022 $15,046 $1,191,334 $669,868 $521,466
2021 $14,741 $1,167,976 $656,734 $511,242
2020 $13,081 $1,020,878 $600,519 $420,359
2019 $12,929 $1,000,862 $588,745 $412,117
2018 $12,547 $981,238 $577,201 $404,037
2016 $11,037 $900,000 $514,300 $385,700
2015 $9,961 $830,000 $474,300 $355,700
2014 $9,744 $800,000 $457,200 $342,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24251747

California Regional Multiple Listing Service (CRMLS)

APN: 7137-014-014