1961 Pine Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodHighlights
- No HOA
- Neighborhood Views
- 4 Car Garage
- Long Beach Polytechnic High School Rated A
- Landscaped
- Wall Furnace
About This Home
As of October 2024Investors, welcome to 1961-1967 Pine Ave. Come find this charming 4-Unit low-maintenance property, ideal for both new investors and seasoned investors adding to their real estate portfolio. 4 homes, each with 2-bedrooms, 1-bath, patios, separately metered for electricity and gas, allowing tenants to pay their own expenses. Each home is complimented with 1 of the 4 single-car garages. Adorable patio areas. The property is 100% fully rented, housing very long-term tenants. Located in vibrant Wrigley, moments from Blue Line Train, Long Beach Memorial Hospital, and tons of Shopping along Pacific Ave. You’re going to love this one.
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Phone: 562-394-7000 License #01274567 Listed on: 06/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,652
Year Built
- Built in 1941
Lot Details
- 6,741 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Quadruplex
Interior Spaces
- 3,108 Sq Ft Home
- 1-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Wall Furnace
- Natural Gas Connected
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 6 / A
- Assessor Parcel Number 7209020007
- $851 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Wrigley Area Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $1,692
- Water Sewer Expense $2,400
- New Taxes Expense $16,250
- Operating Expense $6,677
- Gross Income $73,200
- Net Operating Income $66,523
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Long Beach, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,039,500 | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Grant Deed | $385,000 | Commonwealth Land Title Co | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Co | |
| Grant Deed | $100,000 | Ticor Title | |
| Grant Deed | $178,000 | United Title | |
| Trustee Deed | $180,000 | Fidelity National Title | |
| Grant Deed | $320,000 | First American Title | |
| Corporate Deed | $137,000 | First American Title | |
| Trustee Deed | $175,000 | Stewart Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $460,000 | New Conventional | |
| Previous Owner | $460,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $44,995 | Construction | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $340,000 | Unknown | |
| Previous Owner | $288,000 | Purchase Money Mortgage | |
| Previous Owner | $140,000 | No Value Available | |
| Previous Owner | $134,000 | No Value Available | |
| Previous Owner | $256,000 | No Value Available | |
| Previous Owner | $145,000 | No Value Available | |
| Closed | $32,000 | No Value Available |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $1,039,150 | -5.5% | $334 / Sq Ft |
| 10/06/2024 10/06/24 | Pending | -- | -- | -- |
| 09/07/2024 09/07/24 | Price Changed | $1,100,000 | -15.4% | $354 / Sq Ft |
| 06/11/2024 06/11/24 | For Sale | $1,300,000 | -- | $418 / Sq Ft |
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 | $7,652 | $1,039,150 | $439,150 | $600,000 |
| 2024 | $7,652 | $546,654 | $269,777 | $276,877 |
| 2023 | $7,519 | $535,937 | $264,488 | $271,449 |
| 2022 | $7,074 | $525,429 | $259,302 | $266,127 |
| 2021 | $6,916 | $515,127 | $254,218 | $260,909 |
| 2019 | $6,818 | $499,850 | $246,679 | $253,171 |
| 2018 | $6,587 | $490,050 | $241,843 | $248,207 |
| 2017 | $6,517 | $480,442 | $237,101 | $243,341 |
| 2016 | $6,056 | $471,022 | $232,452 | $238,570 |
| 2015 | $5,822 | $463,948 | $228,961 | $234,987 |
| 2014 | $5,849 | $454,860 | $224,476 | $230,384 |
Agents Affiliated with this Home
-
Jules Ayora
Seller's Agent in 2024
Jules Ayora
Seven Gables Real Estate
(714) 840-1031
1 in this area
33 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
1 in this area
5,832 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24119032
APN: 7209-020-007
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