Seller's Agent in 2017
Clara Duran Reed
The Duran Reed Firm, Inc.
(310) 519-7670
17 Total Sales
1926 E Jackson St Long Beach, CA 90805
Bixby Knolls NeighborhoodEstimated Value: $1,220,000 - $1,628,000
2
Beds
2
Baths
3,320
Sq Ft
$429/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- More Than Two Accessible Exits
- Awning
- Laundry Room
- Tile Flooring
- Wood Fence
About This Home
As of April 2017Pride of ownership AND Cash Flow. Built in 1986 and conveniently located between Lakewood and Bixby Knolls in Long Beach, this 4 unit - All 2Bd/2Ba units offers a great opportunity for a savvy investor to obtain a strong 6.6% CAP rate. Under the same ownership since 1988, this is the first time this building is being offered for sale. This special property is situated on a large ~8,327 S.F. Lot & cul de sac. Each unit is separately metered for electricity, gas & water. Bright, well maintained with newer roof, newer pavers, laminate and tile flooring, each unit comes with its own spacious private patio, refrigerator, stove, dishwasher, washer and dryer & single car garage. One unit has its own deck & others have individually designed patios. Each unit has an ensuite full bath in one of the bedrooms & another full bathroom. One unit has its own tenant owned air conditioner. In addition to the 4 private garages, there is additional parking for 6 cars onsite. 2 of the leases are month to month, with the ability to increase the rent for an even greater return. This building is in a strong rental market. Due to its townhome style feel, units in this building rent right away & can get higher than the average rental amount. The last one for lease took one day to obtain several rental applications. Schools, shopping & transportation all nearby. Please call for a set up sheet & more information. Won't last. All info. deemed accurate, but not guaranteed.
Last Agent to Sell the Property
The Duran Reed Firm, Inc. License #01396050 Listed on: 03/17/2017
Last Buyer's Agent
The Duran Reed Firm, Inc. License #01396050 Listed on: 03/17/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 8,327 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Driveway
- Assigned Parking
Home Design
- Contemporary Architecture
- Quadruplex
- Stucco
Interior Spaces
- 3,320 Sq Ft Home
- 2-Story Property
- Awning
Kitchen
- Gas Cooktop
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 50
- Tax Tract Number 5405
- Assessor Parcel Number 7129010007
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $372
- Insurance Expense $666
- Other Expense $239
- Water Sewer Expense $2,160
- New Taxes Expense $11,187
- Operating Expense $3,437
- Gross Income $73,620
- Net Operating Income $58,995
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 28, 2022
Sold by
Naiyuan Chang Nick
Bought by
Chang Vicky Yun
Current Estimated Value
Purchase Details
Listed on
Mar 17, 2017
Closed on
Mar 29, 2017
Sold by
Spencer Stanley E
Bought by
Chang Nick Naiyuan and Chang Vicky Yun
Seller's Agent
Clara Duran Reed
The Duran Reed Firm, Inc.
Buyer's Agent
Clara Duran Reed
The Duran Reed Firm, Inc.
List Price
$895,000
Sold Price
$895,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$637,500
Interest Rate
4.21%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chang Vicky Yun | -- | Accommodation/Courtesy Recordi | |
| Chang Nick Naiyuan | $895,000 | Ticor Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chang Nick Naiyuan | $637,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2017 04/26/17 | Sold | $895,000 | 0.0% | $270 / Sq Ft |
| 03/22/2017 03/22/17 | Pending | -- | -- | -- |
| 03/17/2017 03/17/17 | For Sale | $895,000 | 0.0% | $270 / Sq Ft |
| 05/07/2012 05/07/12 | Rented | $1,295 | 0.0% | -- |
| 04/24/2012 04/24/12 | Under Contract | -- | -- | -- |
| 04/03/2012 04/03/12 | For Rent | $1,295 | -- | -- |
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 | $13,579 | $1,038,717 | $620,910 | $417,807 |
| 2024 | $13,579 | $1,018,351 | $608,736 | $409,615 |
| 2023 | $18,848 | $1,440,240 | $816,000 | $624,240 |
| 2022 | $12,541 | $978,809 | $585,099 | $393,710 |
| 2021 | $12,285 | $959,618 | $573,627 | $385,991 |
| 2019 | $12,111 | $931,158 | $556,614 | $374,544 |
| 2018 | $12,614 | $912,900 | $545,700 | $367,200 |
| 2016 | $6,737 | $527,862 | $317,039 | $210,823 |
| 2015 | $6,476 | $519,934 | $312,277 | $207,657 |
| 2014 | $6,448 | $509,750 | $306,160 | $203,590 |
Source: Public Records
Agents Affiliated with this Home
-
Clara Duran Reed
-
Tim Marshall
Seller's Agent in 2012
Tim Marshall
Timothy Marshall
(310) 753-7111
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17055802
APN: 7129-010-007
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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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