Seller's Agent in 2024
Jules Ayora
Seven Gables Real Estate
(714) 840-1031
1 in this area
32 Total Sales
1961 Pine Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,047,000 - $1,190,000
4
Beds
2
Baths
3,108
Sq Ft
$352/Sq Ft
Est. Value
Highlights
- 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
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
- Entry on the 1st floor
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
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2024
Closed on
Oct 11, 2024
Sold by
Williams David E and Williams Miriam E
Bought by
Jeta Ventures Llc
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$1,300,000
Sold Price
$1,039,150
Premium/Discount to List
-$260,850
-20.07%
Views
20
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
$54,050
Avg. Annual Appreciation
4.35%
Purchase Details
Closed on
May 28, 2016
Sold by
Williams David R
Bought by
Williams David E and Williams Miriam E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 2, 2003
Sold by
Stanley Amanda J
Bought by
Williams David E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 1, 2002
Sold by
Oflynn Lois M
Bought by
Henry Wade E and Henry Deena J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.88%
Purchase Details
Closed on
Oct 5, 2000
Sold by
U S Bank Trust National Assn
Bought by
Stanley Amanda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
9%
Purchase Details
Closed on
Aug 25, 2000
Sold by
Quinta Linda Z and Rodriguez Rigoberto
Bought by
New Century Home Equity Loan Tr Series 1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
9%
Purchase Details
Closed on
Feb 11, 1998
Sold by
Rodriguez Pedro
Bought by
Quinta Linda Z and Rodriguez Rigoberto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
9.99%
Purchase Details
Closed on
Aug 15, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rodriguez Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.45%
Purchase Details
Closed on
May 20, 1997
Sold by
Ponce Jesus G and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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 |
|---|---|---|---|
| Jeta Ventures Llc | $1,039,500 | Ticor Title | |
| Williams David E | -- | Ticor Title | |
| Williams David E | $385,000 | Commonwealth Land Title Co | |
| Williams David E | -- | Commonwealth Land Title Co | |
| Henry Wade E | $100,000 | Ticor Title | |
| Stanley Amanda J | $178,000 | United Title | |
| New Century Home Equity Loan Tr Series 1 | $180,000 | Fidelity National Title | |
| Quinta Linda Z | $320,000 | First American Title | |
| Rodriguez Pedro | $137,000 | First American Title | |
| Federal Home Loan Mortgage Corporation | $175,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Williams David E | $460,000 | |
| Previous Owner | Williams David E | $288,000 | |
| Previous Owner | Henry Wade E | $140,000 | |
| Previous Owner | Stanley Amanda J | $134,000 | |
| Previous Owner | Quinta Linda Z | $256,000 | |
| Previous Owner | Rodriguez Pedro | $145,000 | |
| Closed | Quinta Linda Z | $32,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 |
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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Jules Ayora
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
1 in this area
6,214 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24119032
APN: 7209-020-007
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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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