$960,000
SOLD OCT 7, 2024
5 Beds
3 Baths
2,008 Sq Ft
7,201 Sq Ft Lot

Recently Sold

$478 Per Sq Ft

10% Above List Price

3 Days on Market

Highlights

  • City Lights View
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • No HOA
  • Laundry Room
  • 4-minute walk to Cressa Park

About This Home

As of October 2024

Welcome to an exceptional investment opportunity in the vibrant city of Long Beach! This property features three distinct units on a single lot, offering flexibility and potential for various living arrangements or rental income. The first two units are charming duplexes, each with 2 bedrooms and 1 bath, perfect for small families or tenants seeking comfortable, well-appointed living spaces.
The third unit is a versatile studio/recreational room, complete with its own bathroom, making it ideal for use as a guest suite, home office, or additional rental unit. Altogether, the property offers approximately 2,108 square feet of living space, providing ample room for multiple occupants or extended family living.
The property is thoughtfully designed with a long driveway, ensuring plenty of parking space, and garage access through the back, offering added convenience and privacy. Located in a sought-after area near colleges, schools, and shopping, this property is perfectly positioned to attract tenants or serve as a multi-generational family home.
Whether you're an investor looking for a lucrative rental property or a homeowner seeking a versatile living arrangement, this Long Beach property offers endless possibilities in a prime location. Don't miss out on this unique opportunity to own a multi-unit property with so much to offer!

Last Agent to Sell the Property

Otoniel Fonseca

eXp Realty of Southern California, Inc. Brokerage Phone: 909-917-6104 License #02035825 Listed on: 08/08/2024

eXp Realty of Southern California, Inc.

Last Buyer's Agent

Shawn Mohler

The Mohler Real Estate Group License #01910887

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,415

Year Built

  • Built in 1938

Lot Details

  • 7,201 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,008 Sq Ft Home
  • 1-Story Property
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 15 / 2
  • Tax Tract Number 1900
  • Assessor Parcel Number 7202030035
  • $494 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Wrigley Area Subdivision

Recreation

  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,415

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • View: Yes
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 7202030035
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2008.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 478.09
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Street Lights

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7201.00
  • Lot Size Acres: 0.1653

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7201.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5730.03
  • Tax Lot: 15
  • Tax Tract Number: 1900
  • TaxOtherAnnualAssessmentAmount: 494.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Aug 26, 2024
Sold by
Lopez Eduardo and Lopez Margarita
Bought by
Gutierrez Erika
Seller's Agent
Otoniel Fonseca
eXp Realty of Southern California, Inc.
Buyer's Agent
Shawn Mohler
The Mohler Real Estate Group
List Price
$875,000
Sold Price
$960,000
Premium/Discount to List
$85,000
9.71%
Views
54
Current Estimated Value
$961,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,486
Avg. Annual Appreciation
0.59%
Original Mortgage
$757,600
Outstanding Balance
$749,800
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$215,097

Purchase Details

Closed on
Jul 18, 2007
Sold by
Lopez Eduardo
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,200
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2007
Sold by
Lopez Margarita
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,200
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2005
Sold by
Lopez Margarita
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2005
Sold by
Barajas Waldo
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2002
Sold by
Lopez Margarita
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2002
Sold by
Lopez Eduardo
Bought by
Lopez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 1997
Sold by
Pilar Eva
Bought by
Barajas Waldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,413
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 1997
Sold by
Stabins Trust Stabins Bernard C Co Tr B C And
Bought by
Barajas Waldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,413
Interest Rate
7.45%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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 $982,000 Ticor Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Co La
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed -- Fidelity National Title
Interfamily Deed Transfer -- Landsafe Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Landsafe Title
Interfamily Deed Transfer -- --
Grant Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $757,600 New Conventional
Previous Owner $385,190 New Conventional
Previous Owner $380,200 New Conventional
Previous Owner $350,000 Purchase Money Mortgage
Previous Owner $350,000 Purchase Money Mortgage
Previous Owner $149,000 Purchase Money Mortgage
Previous Owner $149,000 Purchase Money Mortgage
Previous Owner $147,413 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold $960,000 +9.7% $478 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $875,000 -- $436 / 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 $3,415 $960,000 $630,000 $330,000
2024 $3,415 $234,631 $140,880 $93,751
2023 $3,356 $230,031 $138,118 $91,913
2022 $3,163 $225,521 $135,410 $90,111
2021 $3,091 $221,100 $132,755 $88,345
2019 $3,048 $214,544 $128,818 $85,726
2018 $2,893 $210,339 $126,293 $84,046
2016 $2,577 $202,174 $121,390 $80,784
2015 $2,479 $199,138 $119,567 $79,571
2014 $2,472 $195,238 $117,225 $78,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24162410

California Regional Multiple Listing Service (CRMLS)

APN: 7202-030-035