NOT LISTED FOR SALE

1822 W Spring St Long Beach, CA 90810

Upper Westside Neighborhood

Estimated Value: $874,000 - $1,099,000

5 Beds
4 Baths
2,023 Sq Ft
$486/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $595,000 $294 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,886/month

50 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wrought Iron Fence
  • Granite Countertops
  • Tile Flooring
  • Wall Furnace

About This Home

As of August 2017

3 unit income property in good rental area of Long Beach. Front unit 3 bedrooms and 2 bathrooms, laundry room and two cars garage, plus 4 additional parking space. In rear two units 1bedroom 1 bathroom. Live in one and rent the others two units, or rent all of them. all information should be verified by buyers.

Last Agent to Sell the Property

Georgina Bautista

G.B. Hacienda Real Estate License #01156391 Listed on: 02/18/2017

Last Buyer's Agent

Ida Mavar

Estate Properties License #00716275

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,962

Year Built

  • Built in 1962

Lot Details

  • 8,162 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 2,023 Sq Ft Home
  • Tile Flooring

Kitchen

  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 572600
  • Assessor Parcel Number 7314006039

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Trash Expense $600
  • Water Sewer Expense $1,900
  • New Taxes Expense $3,962
  • Operating Expense $7,412
  • Gross Income $44,400
  • Net Operating Income $3,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,962

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Water Sewer Expenses: 1900.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7314006039
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 294.12
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8162.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 950.00
  • Net Operating Income: 3700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Actual Rent: 1900.00
  • Total Expenses: 7412.00

Tax Info

  • New Taxes Expense: 3962.00
  • Tax Area: 5501
  • Tax Census Tract: 5726.00
  • Tax Lot: 7
  • Tax Tract Number: 572600
  • Tax Annual Amount: 3962.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2017
Sold by
Martinez Jose L and Martinez Guadalupe
Bought by
Martinez Jose I and Martinez Guadalupe
Current Estimated Value
$983,941

Purchase Details

Listed on
Feb 18, 2017
Closed on
Jul 5, 2017
Sold by
Barrios Julio and Barrios Jazmin
Bought by
Martinez Jose I and Martinez Guadalupe
Seller's Agent
Georgina Bautista
G.B. Hacienda Real Estate
Buyer's Agent
Ida Mavar
Estate Properties
List Price
$589,000
Sold Price
$595,000
Premium/Discount to List
$6,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$446,250
Outstanding Balance
$370,860
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$613,081

Purchase Details

Closed on
Oct 27, 2005
Sold by
Barrios Julio
Bought by
Barrios Julio and Barrios Jazmin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2000
Sold by
Barrios Jazmin
Bought by
Barrios Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,046
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 14, 2000
Sold by
Garcia David and Garcia Kelli
Bought by
Barrios Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,046
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1996
Sold by
Ramirez Gloria L R and Ramirez Valentino R
Bought by
Garcia David and Garcia Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,917
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1993
Sold by
Ramirez Gloria L
Bought by
Ramirez Gloria L R and Ramirez Valentino R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.13%
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
Martinez Jose I -- None Available
Martinez Jose I -- None Available
Martinez Jose I $595,000 First American Title Company
Barrios Julio -- Fidelity National Title Comp
Barrios Julio -- Gateway Title
Barrios Julio $239,000 Gateway Title
Garcia David $200,000 North American Title Co
Ramirez Gloria L R -- --
Ramirez Gloria L -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Jose I $446,250
Previous Owner Barrios Julio $385,000
Previous Owner Barrios Julio $237,046
Previous Owner Garcia David $193,917
Previous Owner Ramirez Gloria L $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2017 08/04/17 Sold $595,000 0.0% $294 / Sq Ft
04/09/2017 04/09/17 Pending -- -- --
04/07/2017 04/07/17 Price Changed $595,000 +6.3% $294 / Sq Ft
03/07/2017 03/07/17 Price Changed $560,000 -4.9% $277 / Sq Ft
02/18/2017 02/18/17 For Sale $589,000 -- $291 / 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 $8,946 $677,002 $398,238 $278,764
2024 $8,946 $663,729 $390,430 $273,299
2023 $8,795 $650,716 $382,775 $267,941
2022 $8,266 $637,958 $375,270 $262,688
2021 $8,098 $625,450 $367,912 $257,538
2020 $8,077 $619,038 $364,140 $254,898
2019 $7,984 $606,900 $357,000 $249,900
2018 $7,686 $595,000 $350,000 $245,000
2017 $4,430 $322,712 $100,873 $221,839
2016 $4,120 $316,386 $98,896 $217,490
2015 $3,963 $311,635 $97,411 $214,224
2014 $3,951 $305,531 $95,503 $210,028
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Georgina Bautista

    G.B. Hacienda Real Estate

    (714) 273-6662

    15 Total Sales

    Georgina Bautista
    Section Image
  • Ida Mavar

    Buyer's Agent in 2017

    Ida Mavar

    RE/MAX

    (310) 339-2778

    7 Total Sales

    Ida Mavar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17036133

California Regional Multiple Listing Service (CRMLS)

APN: 7314-006-039

California Los Angeles County Long Beach 90810 Upper Westside

1822 W Spring St, Long Beach, CA

Not Listed for Sale

MultiFamily

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