Seller's Agent in 2020
Robin Reed
Queen City Realty
(562) 881-2771
14 Total Sales
1880 Termino Ave Long Beach, CA 90815
Traffic Circle Neighborhood
7
Beds
5
Baths
4,389
Sq Ft
7,230
Sq Ft Lot
Highlights
- Laundry Room
- Bixby Elementary School Rated 9+
- 4 Car Garage
About This Home
As of February 2020We are pleased to present a 4-unit apartment building located in Long Beach,California. Built in 1963, the subject property consists of 4,389 rentable square feet spread throughout a 7,229 square foot lot. The unit mix consists of two 1-bedroom / 1-bathroom units, one 2-bedroom / 1-bathroom unit and one 3-bedroom / 2-bathroom unit.. Tenants enjoy a sparkling pool and yard area. Located by the traffic circle, tenants have convenient access to freeways as well as many shops and restaurants. The property features onsite parking & income producing laundry room for tenants’ convenience. It is separately metered for gas and electricity.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 10/24/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,966
Year Built
- Built in 1963
Lot Details
- 7,230 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- 4,389 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 575001
- Assessor Parcel Number 7219008036
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Fuel Expense $600
- Gardener Expense $1,200
- Insurance Expense $1,756
- Maintenance Expense $2,600
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $13,219
- Operating Expense $22,175
- Gross Income $72,570
- Net Operating Income $49,552
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 28, 2022
Sold by
Wang and Debbie
Bought by
George And Debbie Wang 2022 Trust
Current Estimated Value
Purchase Details
Listed on
Oct 28, 2019
Closed on
Jan 13, 2020
Sold by
Wang Debbie
Bought by
Wang George
Seller's Agent
Robin Reed
Queen City Realty
Buyer's Agent
George Wang
Harvest Realtors, Inc.
List Price
$1,725,000
Sold Price
$1,650,000
Premium/Discount to List
-$75,000
-4.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$990,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 21, 2019
Sold by
Mclaughlan Darryn
Bought by
Wang George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 24, 2018
Closed on
Feb 12, 2019
Sold by
Greer Paula and Greer Daniel
Bought by
Mclaughlan Darryn
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.12%
Original Mortgage
$735,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 10, 2002
Sold by
Greer Thomas K
Bought by
Greer Thomas K and The Thomas K Greer Living Trust
Purchase Details
Closed on
Apr 2, 1997
Sold by
Haskill Dorothy and Greer Thomas K
Bought by
Greer Thomas K
Purchase Details
Closed on
Jul 1, 1996
Sold by
Ashley Larry
Bought by
Haskill Dorothy and Greer Thomas K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
3.57%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Law Office Of Bradley L Taylor | |
| Deed | -- | Law Office Of Bradley L Taylor | |
| Deed | -- | Law Office Of Bradley L Taylor | |
| Deed | -- | Law Office Of Bradley L Taylor | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | $1,650,000 | Old Republic Title Company | |
| Grant Deed | $1,050,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $357,000 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $973,500 | New Conventional | |
| Previous Owner | $990,000 | New Conventional | |
| Previous Owner | $735,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $285,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2020 02/04/20 | Sold | $1,650,000 | -4.3% | $376 / Sq Ft |
| 11/21/2019 11/21/19 | Pending | -- | -- | -- |
| 10/28/2019 10/28/19 | For Sale | $1,725,000 | +64.3% | $393 / Sq Ft |
| 04/05/2019 04/05/19 | Sold | $1,050,000 | -10.6% | $239 / Sq Ft |
| 03/07/2019 03/07/19 | Pending | -- | -- | -- |
| 02/05/2019 02/05/19 | Price Changed | $1,175,000 | -6.0% | $268 / Sq Ft |
| 10/24/2018 10/24/18 | For Sale | $1,250,000 | -- | $285 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,966 | $1,804,513 | $874,915 | $929,598 |
| 2024 | $22,966 | $1,769,131 | $857,760 | $911,371 |
| 2023 | $22,585 | $1,734,443 | $840,942 | $893,501 |
| 2022 | $21,197 | $1,700,435 | $824,453 | $875,982 |
| 2021 | $20,779 | $1,667,094 | $808,288 | $858,806 |
| 2020 | $13,774 | $1,071,000 | $749,700 | $321,300 |
| 2019 | $7,217 | $521,213 | $106,571 | $414,642 |
| 2018 | $6,917 | $510,994 | $104,482 | $406,512 |
| 2016 | $6,347 | $491,154 | $100,426 | $390,728 |
| 2015 | $6,103 | $483,777 | $98,918 | $384,859 |
| 2014 | $6,078 | $474,302 | $96,981 | $377,321 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Reed
-
George Wang
Buyer's Agent in 2020
George Wang
Harvest Realtors, Inc.
(310) 347-1300
63 Total Sales
-
Kevin King
Seller's Agent in 2019
Kevin King
Marcus & Millichap
(562) 257-1245
46 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,883 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18257321
APN: 7219-008-036
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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