W
Seller's Agent in 2019
William Smith
Bryant Drive Properties, Inc.
(562) 607-8580
6 Total Sales
1901 Magnolia Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated Value: $866,000 - $1,249,000
4
Beds
3
Baths
2,180
Sq Ft
$484/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Tile Flooring
- Wall Furnace
- Traditional Architecture
- Wood Fence
About This Home
As of September 2019This renovated tri-plex in the Wrigley Area is a great investment, with over $125,000 in verifiable capital improvements. The property consists of a front house (2 bedrooms, 1 bath, front and rear yard (with a large patio cover) and a detached 2-car garage. The rear duplex consists of two 1 bedroom, 1 bath units, each with a private, enclosed backyard, with washer / dryer hookups, and two 1-car garages. The duplex has been 100% renovated - new roof, new windows, new electrical service, new kitchens, new baths, new flooring, light fixtures, ceiling fans, and low maintenance landscaping and irrigation. The front house renovations include: new roof, new electrical service, new windows, new exterior paint, new back patio cover, and new low maintenance landscaping and irrigation. The duplex tenants are both on 1 year leases (one expires in Sept '19 and the other in November '19), while the front house tenant is month-to-month. A solid performing rental property for investment buyers or for owner-occupant to live in the front house and collect strong rents from the duplex to lower your overall payment (with a 10% down your share of the mortgage would be less than $1,175 per month for a 2 bedroom house!). Stop renting and own your own property! For investors, the property produces a 4.2% cap rate on actual rents and 5.5% on proforma rents. Added bonus - the new Long Beach tenant relocation ordinance doesn't apply to this building since it is less than 4 units!
Last Agent to Sell the Property
Bryant Drive Properties, Inc. License #01431853 Listed on: 04/01/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Lot Details
- 7,900 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- 2,180 Sq Ft Home
- Traditional Architecture
- Property Attached
- Asphalt Roof
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Laundry
- Laundry Located Outside
- Laundry in Kitchen
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 025
- Tax Tract Number 42
- Assessor Parcel Number 7202042025
Community Details
Overview
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $1,188
- Maintenance Expense $975
- Other Expense $1,500
- Trash Expense $300
- Water Sewer Expense $780
- New Taxes Expense $10,788
- Operating Expense $16,731
- Gross Income $56,400
- Net Operating Income $37,977
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2019
Closed on
Aug 12, 2019
Sold by
Bought by
Seller's Agent
William Smith
Bryant Drive Properties, Inc.
Buyer's Agent
Marilyn Martinez
Century 21 Masters
List Price
$899,000
Sold Price
$920,000
Premium/Discount to List
$21,000
2.34%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,667
Avg. Annual Appreciation
2.02%
Original Mortgage
$939,780
Interest Rate
0.036%
Purchase Details
Listed on
May 17, 2018
Closed on
Jun 8, 2018
Sold by
Bought by
Seller's Agent
John Zimmerman
Re/Max R. E. Specialists
Buyer's Agent
William Smith
Bryant Drive Properties, Inc.
List Price
$649,900
Sold Price
$658,000
Premium/Discount to List
$8,100
1.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.32%
Purchase Details
Closed on
Mar 13, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
0.062%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 17, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0582%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 18, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0582%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 1998
Sold by
Bought by
Purchase Details
Closed on
Nov 12, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $920,000 | First American Title Company | ||
| $658,000 | First American Title Company | ||
| $645,000 | Stewart Title Guaranty | ||
| -- | Stewart Title Guaranty | ||
| -- | -- | ||
| -- | Chicago Title Co | ||
| $151,000 | First Southwestern Title Co | ||
| $130,000 | First Southwestern Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $939,780 | ||
| Previous Owner | $445,000 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $180,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2019 09/18/19 | Sold | $920,000 | +2.8% | $422 / Sq Ft | |
| 08/03/2019 08/03/19 | Pending | -- | -- | -- | |
| 06/26/2019 06/26/19 | Price Changed | $895,000 | -0.4% | $411 / Sq Ft | |
| 04/01/2019 04/01/19 | For Sale | $899,000 | +36.6% | $412 / Sq Ft | |
| 06/27/2018 06/27/18 | Sold | $658,000 | +1.2% | $302 / Sq Ft | View Prior Sale |
| 06/05/2018 06/05/18 | Pending | -- | -- | -- | |
| 05/17/2018 05/17/18 | For Sale | $649,900 | -- | $298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,547 | $1,006,151 | $656,186 | $349,965 |
| 2024 | $12,946 | $986,423 | $643,320 | $343,103 |
| 2023 | $12,729 | $967,082 | $630,706 | $336,376 |
| 2022 | $11,952 | $948,121 | $618,340 | $329,781 |
| 2021 | $11,716 | $929,531 | $606,216 | $323,315 |
| 2020 | $11,686 | $920,000 | $600,000 | $320,000 |
| 2019 | $8,758 | $671,160 | $306,000 | $365,160 |
| 2018 | $7,066 | $550,000 | $305,500 | $244,500 |
| 2016 | $5,705 | $460,000 | $255,500 | $204,500 |
| 2015 | $5,558 | $460,000 | $255,500 | $204,500 |
| 2014 | $5,177 | $420,000 | $233,300 | $186,700 |
Source: Public Records
Agents Affiliated with this Home
-
William Smith
-
Marilyn Martinez
M
Buyer's Agent in 2019
Marilyn Martinez
Century 21 Masters
(562) 686-9263
54 Total Sales
-
John Zimmerman
Seller's Agent in 2018
John Zimmerman
RE/MAX
(562) 706-1406
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19070074
APN: 7202-042-025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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