NOT LISTED FOR SALE

Estimated Value: $971,935 - $1,220,000

3 Beds
2 Baths
1,720 Sq Ft
$615/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $793,600 $461 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,450/month

9 Days on Market

Highlights

  • Detached Guest House
  • RV Access or Parking
  • 0.12 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Gated Parking
  • Open Floorplan

About This Home

As of June 2020

This GEM has a separate mother-in law unit in the rear with it's own kitchen, bathroom, and private gated parking. The main house has a long driveway leading to the garage for plenty of parking in an a city where parking is a luxury. For those that like to stroll through Long Beach's "Retro Row" it's only a few short blocks away, and the beach is also within walking distance. Beautifully designed with true pride of ownership and the open floor plan makes perfect use of space giving it the look of a larger home. Lots of upgrades add to the appeal. The home even comes with indoor laundry and a tankless water system. Private back yard with patio for those days when you just want to relax outdoors. This property is perfect for mom and dad to live in the studio giving them the privacy they need, while giving you the comfort of knowing they are close by. I'm sure you will love all the features this property has to offer so please come by and see us.

Last Agent to Sell the Property

John Palmer

JOHN PALMER BROKER License #01055719 Listed on: 05/20/2020

Last Buyer's Agent

Kj Ticehurst

Think Boutiq Real Estate License #01990188

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,281 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Public Parking
  • Parking Available
  • Front Facing Garage
  • Driveway Level
  • Gated Parking
  • RV Access or Parking

Home Design

  • Cottage
  • Additions or Alterations
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,720 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Sliding Doors
  • Living Room with Fireplace
  • Loft
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave
  • Fireplace in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House
  • Fireplace in Guest House

Utilities

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

Additional Features

  • Fireplace in Patio
  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2974
  • Assessor Parcel Number 7266024022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,232
  • Fuel Expense $320
  • Insurance Expense $1,380
  • Maintenance Expense $1,200
  • Trash Expense $609
  • Water Sewer Expense $1,189
  • New Taxes Expense $4,197
  • Operating Expense $10,427
  • Gross Income $18,000
  • Net Operating Income $13,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Security System, Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1189.00
  • Zoning: LBR1N
  • Architectural Style: Cottage
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 7266024022
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Guest House, Kitchen, Living Room, Patio
  • Levels: One
  • Price Per Square Foot: 461.40
  • Room Type: Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Guest House, Guest House Detached, Two On A Lot
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Level, Garage Faces Front, Gated, Public, RV Access/Parking
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Microwave, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 609.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Level with Street
  • Lot Size Sq Ft: 5281.00
  • Lot Size Acres: 0.1212

Rental Info

  • Tenant Pays: None

Multi Family

  • Average1 Bed Area: 90 Square Feet
  • Average Studio Area: 680 Square Feet
  • Electric Expense: 1232.00
  • Fuel Expense: 320.00
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1380.00
  • Lot Size Area: 5281.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 13800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 4200.00
  • Rent Control: No
  • Total Actual Rent: 18000.00
  • Total Expenses: 10427.00

Tax Info

  • New Taxes Expense: 4197.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 8
  • Tax Tract Number: 2974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 2, 2020
Sold by
Odonnell Branden R and Odonnell Nicole J
Bought by
Ritter Jacob and Ritter Bahareh
Seller's Agent
John Palmer
JOHN PALMER BROKER
Buyer's Agent
Kj Ticehurst
Think Boutiq Real Estate
List Price
$829,000
Sold Price
$793,600
Premium/Discount to List
-$35,400
-4.27%
Current Estimated Value
$1,056,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,384
Avg. Annual Appreciation
5.32%
Original Mortgage
$714,150
Outstanding Balance
$633,039
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$423,945

Purchase Details

Closed on
Jan 30, 2019
Sold by
Berry David and Berry Mary Beth
Bought by
Donnell Branden R O and Donnell Nicole J O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$591,096
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2008
Sold by
Citibank Na
Bought by
Berry David and Berry Mary Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,900
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2008
Sold by
Argueta Dannys
Bought by
Citibank Na

Purchase Details

Closed on
Dec 15, 2005
Sold by
Walsh Richard T
Bought by
Argueta Dannys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,600
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 1999
Sold by
Walsh Richard T
Bought by
Walsh Richard T and Walsh Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.64%

Purchase Details

Closed on
Apr 19, 1996
Sold by
Walsh Cora
Bought by
Walsh Richard T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ritter Jacob $793,500 Lawyers Title Company
Donnell Branden R O $602,000 Lawyers Title Ie
Berry David $280,000 First American Title Company
Citibank Na $461,423 None Available
Argueta Dannys $527,000 Ticor Title Co
Walsh Richard T -- North American Title Co
Walsh Richard T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritter Jacob $714,150
Previous Owner Donnell Branden R O $591,096
Previous Owner Berry David $318,900
Previous Owner Argueta Dannys $421,600
Previous Owner Walsh Richard T $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $793,600 -4.3% $461 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $829,000 -- $482 / 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 $10,943 $867,803 $601,503 $266,300
2024 $10,943 $850,788 $589,709 $261,079
2023 $10,759 $834,107 $578,147 $255,960
2022 $10,059 $817,753 $566,811 $250,942
2021 $9,950 $801,720 $555,698 $246,022
2020 $7,727 $614,040 $491,232 $122,808
2019 $3,365 $323,225 $230,877 $92,348
2018 $3,976 $316,888 $226,350 $90,538
2016 $3,654 $304,584 $217,561 $87,023
2015 $3,507 $300,010 $214,294 $85,716
2014 $3,485 $294,134 $210,097 $84,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20096623

California Regional Multiple Listing Service (CRMLS)

APN: 7266-024-022