Seller's Agent in 2024
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
4 in this area
95 Total Sales
1967 Atlantic Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,038,000 - $1,406,000
3
Beds
3
Baths
2,176
Sq Ft
$577/Sq Ft
Est. Value
Highlights
- Built in 1922 | Newly Remodeled
- No HOA
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Ductless Heating Or Cooling System
- Vinyl Flooring
About This Home
As of September 2024Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market.
Here's what makes this property truly exceptional:
Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value.
Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants.
Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants.
Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests.
Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season.
Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership.
Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 03/08/2024
Co-Listed By
Caleb Baldwin
INTI Realty Brokerage Phone: 562-307-0838 License #02056751
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922 | Newly Remodeled
Lot Details
- 5,588 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,176 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Driveway
Outdoor Features
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 21 / 4
- Tax Tract Number 2
- Assessor Parcel Number 7209003024
- $859 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Poly High Subdivision
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $780
- Insurance Expense $2,800
- Maintenance Expense $1,800
- Trash Expense $720
- Water Sewer Expense $900
- New Taxes Expense $18,125
- Operating Expense $37,800
- Gross Income $126,000
- Net Operating Income $88,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 8, 2024
Closed on
Oct 23, 2024
Sold by
Ekwegh Tavonia
Bought by
444 Real Estate And Venture Capital and Tavonia Ekwegh Llc
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Shalonda Chappel
The Chappel Agency
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Views
72
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
-$95,419
Avg. Annual Appreciation
-5.52%
Purchase Details
Closed on
Oct 30, 2019
Sold by
Hernandez Joaquin
Bought by
Breckenridge Property Fund 2016 Llc
Purchase Details
Closed on
Aug 26, 2005
Sold by
Hernandez Lillian P
Bought by
Hernandez Joaquin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
5.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 17, 2002
Sold by
Hernandez Joaquin and Joaquin M Hernandez Living Tru
Bought by
Hernandez Joaquin
Purchase Details
Closed on
Jul 31, 2000
Sold by
Hernandez Joaquin M
Bought by
Hernandez Joaquin M and The Joaquin M Hernandez Living
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 |
|---|---|---|---|
| 444 Real Estate And Venture Capital | -- | None Listed On Document | |
| Breckenridge Property Fund 2016 Llc | $496,000 | Synrgo Inc | |
| Hernandez Joaquin | -- | Southland Title Corporation | |
| Hernandez Joaquin | -- | -- | |
| Hernandez Joaquin M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hernandez Joaquin | $357,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $1,350,000 | 0.0% | $620 / Sq Ft | |
| 06/13/2024 06/13/24 | Pending | -- | -- | -- | |
| 05/04/2024 05/04/24 | Price Changed | $1,350,000 | -3.5% | $620 / Sq Ft | |
| 04/08/2024 04/08/24 | Price Changed | $1,399,000 | -3.5% | $643 / Sq Ft | |
| 03/08/2024 03/08/24 | For Sale | $1,450,000 | +141.7% | $666 / Sq Ft | |
| 03/10/2021 03/10/21 | Sold | $600,000 | 0.0% | $388 / Sq Ft | View Prior Sale |
| 03/10/2021 03/10/21 | Pending | -- | -- | -- | |
| 03/10/2021 03/10/21 | For Sale | $600,000 | -- | $388 / 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 | $9,488 | $1,350,000 | $550,000 | $800,000 |
| 2024 | $9,488 | $693,600 | $479,400 | $214,200 |
| 2023 | $9,320 | $680,000 | $470,000 | $210,000 |
| 2022 | $8,108 | $612,000 | $408,000 | $204,000 |
| 2021 | $6,656 | $501,138 | $353,626 | $147,512 |
| 2020 | $6,639 | $496,000 | $350,000 | $146,000 |
| 2019 | $1,424 | $61,661 | $37,799 | $23,862 |
| 2018 | $1,301 | $60,453 | $37,058 | $23,395 |
| 2016 | $1,205 | $58,108 | $35,620 | $22,488 |
| 2015 | $1,170 | $57,236 | $35,085 | $22,151 |
| 2014 | $1,188 | $56,116 | $34,398 | $21,718 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
C
Seller Co-Listing Agent in 2024
Caleb Baldwin
INTI Realty
-
Shalonda Chappel
Buyer's Agent in 2024
Shalonda Chappel
The Chappel Agency
(858) 621-1585
1 in this area
6 Total Sales
-
Brian Noh
Seller's Agent in 2021
Brian Noh
Nohco Real Estate
(213) 804-7647
1 in this area
137 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24046763
APN: 7209-003-024
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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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