NOT LISTED FOR SALE

Estimated Value: $1,067,000 - $1,227,000

6 Beds
4 Baths
2,217 Sq Ft
$528/Sq Ft Est. Value

Last Sold August 13, 2019

Last sale price $855,000 $386 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,249/month

13 Days on Market

Highlights

  • Craftsman Architecture
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of August 2019

Fantastic opportunity to own a large 4 plex in the heart of Long Beach where there is NO RENT CONTROL. This property consists of a Craftsman-style front house that is 3 bedroom 1 bath with its own inside laundry, and 2 other buildings in the back with a total of 3 1-bedroom units in the back, all occupied by long term tenants. There are a total of 3 buildings on the property, the front house, a small back house, and a larger structure that has 4 GARAGES downstairs and 2 units upstairs. Large lot with a patio backyard and driveway. The property is well maintained by a long term owner and will be a great asset in the new owner's portfolio.

Last Agent to Sell the Property

Nancy Deprez

Vista Sotheby's Int'l Realty License #01899929 Listed on: 03/08/2019

Vista Sotheby's Int'l Realty

Last Buyer's Agent

David Goodwin

Fiv Realty Co License #01940769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,217 Sq Ft Home
  • Craftsman Architecture
  • Raised Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 1
  • Assessor Parcel Number 7210010026

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Gardener Expense $480
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,000
  • Operating Expense $14,080
  • Gross Income $63,900
  • Net Operating Income $49,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

6,501 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7210010026
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 385.66

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492
  • Latitude Manual: 33.79226000

Multi Family

  • Fuel Expense: 1200.00
  • Gross Income: 63900.00
  • Gross Scheduled Income: 63900.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 49820.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14080.00
  • Rent Control: No
  • Total Expenses: 14080.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 5732.02
  • Tax Lot: 17
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2019
Sold by
Prope Jones Charles W and Prope Charles W Jones Separate
Bought by
Barnett Joel L and Barnett Amy
Current Estimated Value
$1,169,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,250
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2000
Sold by
Jones Charles W
Bought by
Prope Jones Charles W and Prope Charles W Jones Separate
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Barnett Joel L $855,000 Ticor Title
Prope Jones Charles W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnett Joel L $641,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2019 08/13/19 Sold $855,000 +0.7% $386 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $849,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,003 $935,063 $437,456 $497,607
2024 $12,003 $916,729 $428,879 $487,850
2023 $11,806 $898,755 $420,470 $478,285
2022 $11,087 $881,133 $412,226 $468,907
2021 $10,868 $863,857 $404,144 $459,713
2020 $10,912 $855,000 $400,000 $455,000
2019 $3,114 $204,268 $88,205 $116,063
2018 $2,920 $200,264 $86,476 $113,788
2016 $2,684 $192,489 $83,119 $109,370
2015 $2,586 $189,599 $81,871 $107,728
2014 $2,586 $185,886 $80,268 $105,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19050219

California Regional Multiple Listing Service (CRMLS)

APN: 7210-010-026

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