NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,223,000

4 Beds
4 Baths
2,309 Sq Ft
$471/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $922,500 $400 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,756/month

7 Days on Market

Highlights

  • Bamboo Flooring
  • Spanish Architecture
  • 3 Car Direct Access Garage
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Double Pane Windows

About This Home

As of June 2021

A great income property that was well designed and remodeled right. New windows, floors, copper pipes, sewage piping, insulation, central air and mini splits. This property is unique with the most desired detail in this neighborhood........ parking! Property has 3 separate garage units, 2 singles and 1 large enough for 2 cars and storage, plus a loooong driveway. 710 freeway and PCH are conveniently nearby along with a Metro Blue Line station. Approximately 2 miles from all types of businesses bars, restaurants, Costco, parks, and the beach! VERY NICE INCOME PROPERTY THAT IS LOW MAINTENANCE. 3 UNITS: ONE HOUSE WITH 2 BEDROOMS, 2 1/2 BATHROOMS. OTHER BUILDING WITH 2 UNITS OF 1 BEDROOM AND 1 BATH EACH.

Last Agent to Sell the Property

VIDAL REYNA

MERIDIAN CAPITAL REAL ESTATE License #01245980 Listed on: 05/13/2021

Last Buyer's Agent

Kristine Kurz

Real Estate Ebroker Inc License #02042035

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,753 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Auto Driveway Gate
  • Driveway

Home Design

  • Triplex
  • Spanish Architecture
  • Entry on the 1st floor
  • Turnkey
  • Fire Rated Drywall

Interior Spaces

  • 2,309 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Gas Range

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Two cooling system units
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 30
  • Tax Tract Number 573
  • Assessor Parcel Number 7209016002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,050
  • Maintenance Expense $5,000
  • Trash Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,740
  • Operating Expense $16,110
  • Gross Income $67,200
  • Net Operating Income $51,090

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: LOCUST
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7209016002
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Bamboo, Tile
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 399.52
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Direct Garage Access, Driveway, Concrete, Garage Faces Rear, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, High Efficiency Water Heater, Refrigerator
  • Heating Type: Central, Electric, Natural Gas, High Efficiency
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air, Dual, Electric, Gas, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 6753
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1050.00
  • Lot Size Area: 6753.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 51090.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 16110.00
  • Rent Control: No
  • Total Actual Rent: 5600.00
  • Total Expenses: 16110.00

Tax Info

  • New Taxes Expense: 7740.00
  • Tax Lot: 30
  • Tax Tract Number: 573...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2022
Sold by
Andreas Pettersson Peter and Petters Vesna
Bought by
Pettersson Family Trust
Current Estimated Value
$1,087,751

Purchase Details

Listed on
Aug 10, 2017
Closed on
Sep 22, 2017
Sold by
Morel Teresa Tovar
Bought by
Morel Teresa Tovar and Reyna Vidal A
Seller's Agent
Joseph King
Balboa Real Estate, Inc.
Buyer's Agent
VIDAL REYNA
MERIDIAN CAPITAL REAL ESTATE
List Price
$619,900
Sold Price
$579,000
Premium/Discount to List
-$40,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%

Purchase Details

Closed on
Mar 6, 2017
Sold by
King Dennis and King Lisa
Bought by
Morel Teresa Tovar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2005
Sold by
Touch Sotheara and Touch Sopat
Bought by
King Dennis and King Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,400
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2004
Sold by
Solis Emiliano
Bought by
Touch Sotheara and Touch Sopat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,800
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2002
Sold by
Calvos Carlos
Bought by
Solis Emiliano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,250
Interest Rate
6.16%

Purchase Details

Closed on
Mar 11, 2002
Sold by
Perez Elpidio
Bought by
Calvo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9.1%

Purchase Details

Closed on
Jan 24, 2001
Sold by
Ticas Frank
Bought by
Perez Elpidio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
10.87%

Purchase Details

Closed on
Jan 14, 1999
Sold by
Seagem Ltd Partnership
Bought by
Ticas Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
10.87%

Purchase Details

Closed on
Dec 8, 1998
Sold by
Sanchez Palemon
Bought by
Seagem Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
10.87%

Purchase Details

Closed on
Oct 10, 1997
Sold by
Yang Iem H and Yang Choulay
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.36%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pettersson Family Trust -- --
Morel Teresa Tovar -- None Available
Morel Teresa Tovar $570,000 Orange Coast Title Co Socal
King Dennis $522,000 Chicago Title Co
Touch Sotheara $466,000 Ticor Title Company
Solis Emiliano $295,000 Provident Title
Calvo Carlos $270,000 --
Perez Elpidio $225,000 Provident Title Company
Ticas Frank $180,000 Old Republic Title Company
Seagem Ltd Partnership $110,000 Old Republic Title Company
Sanchez Palemon $126,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morel Teresa Tovar $456,000
Previous Owner King Dennis $365,400
Previous Owner Touch Sotheara $372,800
Previous Owner Solis Emiliano $280,250
Previous Owner Calvo Carlos $216,000
Previous Owner Perez Elpidio $191,200
Previous Owner Ticas Frank $144,000
Previous Owner Sanchez Palemon $110,000
Closed Perez Elpidio $22,500
Closed Calvo Carlos $13,500
Closed Touch Sotheara $23,300
Closed King Dennis $104,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2021 06/08/21 Sold $922,500 +2.5% $400 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $900,000 +55.4% $390 / Sq Ft
08/31/2017 08/31/17 Sold $579,000 -6.6% $251 / Sq Ft View Prior Sale
08/10/2017 08/10/17 For Sale $619,900 -- $268 / 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 $12,879 $1,014,000 $575,000 $439,000
2024 $12,879 $978,964 $530,604 $448,360
2023 $12,664 $959,769 $520,200 $439,569
2022 $11,892 $940,950 $510,000 $430,950
2021 $7,806 $599,171 $262,794 $336,377
2020 $7,786 $593,028 $260,100 $332,928
2019 $7,696 $581,400 $255,000 $326,400
2018 $7,391 $570,000 $250,000 $320,000
2016 $7,571 $614,644 $399,166 $215,478
2015 $7,270 $605,413 $393,171 $212,242
2014 $7,227 $593,555 $385,470 $208,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21098816

California Regional Multiple Listing Service (CRMLS)

APN: 7209-016-002