NOT LISTED FOR SALE

Estimated Value: $888,000 - $1,178,000

7 Beds
4 Baths
2,234 Sq Ft
$470/Sq Ft Est. Value

Last Sold February 09, 2018

Last sale price $698,000 $312 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,363/month

78 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Martin Luther King Jr Park
  • Long Beach Polytechnic High School Rated A
  • 1-Story Property

About This Home

As of February 2018

Great potential, exterior of front units a fixer, interior of all in good condition. Rear two units, 1917A & 1917B, and garage have brand new roof put on 12/01/17. Permitted laundry room in front of garages currently not in use but is permitted. Close to Long Beach City College, shopping, freeways, and downtown. Large lot. Tenant occupied on month to month, please drive by only, do not disturb tenants.

Last Agent to Sell the Property

Jacqueline Ann Collins

Millennium Real Estate Service License #01275204 Listed on: 09/27/2017

Last Buyer's Agent

Bradley Johnson

Bradley Johnson, Broker License #01896130

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,535 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,234 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 10
  • Assessor Parcel Number 7210019013

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $117
  • Professional Management Expense $1,800
  • Water Sewer Expense $1,068
  • Operating Expense $3,194
  • Gross Income $45,000
  • Net Operating Income $41,806

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1068.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7210019013
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 312.44

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6535.00

Multi Family

  • Gross Income: 45000.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 117.00
  • Net Operating Income: 41806.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3194.00
  • Rent Control: No
  • Total Actual Rent: 3750.00
  • Total Expenses: 3194.00

Tax Info

  • Tax Census Tract: 5733.00
  • Tax Lot: 13
  • Tax Tract Number: 10/104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2020
Sold by
Johnson Bradley A and Johnson Cristina D
Bought by
1473 1485 Peterson Ave 1917 1919 Lewis A
Current Estimated Value
$1,050,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2017
Closed on
Jan 31, 2018
Sold by
Scully Brandyn and Steen Olsen Erin
Bought by
Johnson Bradley A and Johnson Cristina D
Seller's Agent
Jacqueline Ann Collins
Millennium Real Estate Service
Buyer's Agent
Bradley Johnson
Bradley Johnson, Broker
List Price
$705,000
Sold Price
$698,000
Premium/Discount to List
-$7,000
-0.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$523,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2015
Sold by
Scully Sue M
Bought by
Scully Scully Sue M Sue M and Scully Richard M

Purchase Details

Closed on
Jan 29, 2003
Sold by
Scully Richard M and Scully Sue
Bought by
Scully Richard M and Scully Sue M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
1473 1485 Peterson Ave 1917 1919 Lewis A -- Wfg National Title Company
Johnson Bradley A $698,000 Wfg National Title Company
Scully Scully Sue M Sue M -- None Available
Scully Richard M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1473 1485 Peterson Ave 1917 1919 Lewis A $576,000
Previous Owner Johnson Bradley A $523,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2018 02/09/18 Sold $698,000 -1.0% $312 / Sq Ft
09/27/2017 09/27/17 For Sale $705,000 -- $316 / 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 $10,497 $794,200 $341,347 $452,853
2024 $10,497 $778,628 $334,654 $443,974
2023 $10,317 $763,362 $328,093 $435,269
2022 $9,694 $748,395 $321,660 $426,735
2021 $9,494 $733,721 $315,353 $418,368
2020 $9,470 $726,199 $312,120 $414,079
2019 $9,359 $711,960 $306,000 $405,960
2018 $2,419 $149,196 $52,210 $96,986
2016 $2,229 $143,405 $50,184 $93,221
2015 $2,152 $141,252 $49,431 $91,821
2014 $2,162 $138,486 $48,463 $90,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17224286

California Regional Multiple Listing Service (CRMLS)

APN: 7210-019-013