David Landeros
West Associates
(424) 414-6547
14 Total Sales
1 in Sunrise
$1,099,000 Price
1967 Atlantic Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,293,000 - $1,392,726
3
Beds
3
Baths
2,176
Sq Ft
$611/Sq Ft
Est. Value
Highlights
- Built in 1922 | Newly Remodeled
- No HOA
- Heating Available
- Long Beach Polytechnic High School Rated A
- 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
MJ Financial Services Inc Brokerage Phone: 562-307-0838 License #02056751
Last Buyer's Agent
Shalonda Chappel
The Chappel Agency License #01994236
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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 in unit
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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 8, 2024
Closed on
Oct 23, 2024
Sold by
Ekwegh Tavonia
Bought by
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
-$123,422
Avg. Annual Appreciation
-0.76%
Original Mortgage
$1,282,500
Interest Rate
6.47%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 8, 2024
Closed on
Sep 6, 2024
Sold by
Ekwegh Timothy
Bought by
Ekwegh Tavonia
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,282,500
Interest Rate
6.47%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 7, 2022
Sold by
Spectrum Inv Strategies Llc
Bought by
1967 Atlantic Ave Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,625
Interest Rate
4.38%
Mortgage Type
Construction
Purchase Details
Listed on
Mar 10, 2021
Closed on
Mar 1, 2021
Sold by
Breckenridge Property Fund 2016 Llc
Bought by
Spectrum Investment Strategies Llc
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$600,000
Sold Price
$600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%
Original Mortgage
$450,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 30, 2019
Sold by
Hernandez Joaquin
Bought by
Breckenridge Property Fund 2016 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,600
Interest Rate
3.6%
Mortgage Type
Commercial
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sunrise, CA
-
David Landeros
-
Brad Hansen
Brad Hansen
ENRG Realty, Inc
(949) 570-5651
88 Total Sales
2 in Sunrise
$730,000 Price Range
-
Axel Zuniga
Axel Zuniga
Century 21 Masters
(951) 517-3582
36 Total Sales
1 in Sunrise
$600,000 Price
-
Walter Castillo
Walter Castillo
Coldwell Banker Realty
(213) 513-6176
18 Total Sales
1 in Sunrise
$710,300 Price
-
Jack Nendel
Jack Nendel
RE/MAX Platinum Realty
(562) 612-7506
13 Total Sales
1 in Sunrise
$525,000 Price
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
118 Total Sales
2 in Sunrise
$600K - $680K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Ekwegh Tavonia | -- | Old Republic Title Company | |
| Ekwegh Tavonia | $1,350,000 | Old Republic Title Company | |
| 1967 Atlantic Ave Llc | -- | Provident Title | |
| Spectrum Investment Strategies Llc | $600,000 | Fidelity National Title | |
| Breckenridge Property Fund 2016 Llc | $496,000 | Synrgo Inc | |
| Hernandez Joaquin | -- | Southland Title Corporation | |
| Hernandez Joaquin | -- | -- | |
| Hernandez Joaquin M | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,282,500 | ||
| Previous Owner | 1967 Atlantic Ave Llc | $780,000 | |
| Previous Owner | 1967 Atlantic Ave Llc | $726,625 | |
| Previous Owner | Spectrum Investment Strategies Llc | $450,000 | |
| Previous Owner | Spectrum Investment Strategies Llc | $90,000 | |
| Previous Owner | Breckenridge Property Fund 2016 | $421,600 | |
| Previous Owner | Hernandez Joaquin | $357,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $18,077 | $1,377,000 | $561,000 | $816,000 |
| 2025 | $18,077 | $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
JH
Seller's Agent in 2024
Juan Huizar
Sage Real Estate Group, Inc.
(562) 725-9009
2 in this area
106 Total Sales
-
Caleb Baldwin
Seller Co-Listing Agent in 2024
Caleb Baldwin
MJ Financial Services Inc
(562) 572-4978
1 in this area
42 Total Sales
-
SC
Buyer's Agent in 2024
Shalonda Chappel
The Chappel Agency
-
Brian Noh
BN
Seller's Agent in 2021
Brian Noh
Nohco Real Estate
(213) 804-7647
127 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24046763
APN: 7209-003-024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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