NOT LISTED FOR SALE

1975 Lemon Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,122,000 - $1,305,508

10 Beds
5 Baths
3,760 Sq Ft
$332/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $995,000 $265 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,841/month

2 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Park
  • 2-minute walk to Martin Luther King Jr Park

About This Home

As of September 2020

This investor's gem is on the market for the first time in almost 20 years! It's one of the largest 4-unit multiplex in Long Beach! Perfect for owner occupied or investor! One unit has 4 bedrooms / 2 bathrooms. The other three units have 2 bedrooms / 1 bathroom each. The building is gated with plenty of parking space in the front and back of the complex. Conveniently located near Long Beach City College, Poly High School, Signal Hill Elementary School, Martin Luther King Jr. Park, Library, Soccer field and just minutes to downtown Long Beach!

Last Agent to Sell the Property

Theary Chhay

West Blvd Realty License #01958287 Listed on: 07/20/2020

Last Buyer's Agent

Huok Lo

Lifetime Realty Inc License #01368263

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,524 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Apartment

Interior Spaces

  • 3,760 Sq Ft Home
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Tax Tract Number 5733
  • Assessor Parcel Number 7210019031

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $500
  • Trash Expense $300
  • Water Sewer Expense $400
  • Operating Expense $1,500
  • Gross Income $50,100
  • Net Operating Income $50,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,524 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7210019031
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 264.63

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Park, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6524.00
  • Lot Size Acres: 0.1498
  • Latitude Manual: 33.79236500

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 50100.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 500.00
  • Lot Size Area: 6524.0000 Square Feet
  • Net Operating Income: 50100.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1500.00
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Total Expenses: 1500.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5733.00
  • Tax Lot: 11
  • Tax Tract Number: 5733

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Aug 3, 2020
Sold by
Rath Cheik
Bought by
Lo Huok and Perles Elishea
Seller's Agent
Theary Chhay
West Blvd Realty
Buyer's Agent
Huok Lo
Lifetime Realty Inc
List Price
$965,000
Sold Price
$995,000
Premium/Discount to List
$30,000
3.11%
Current Estimated Value
$1,248,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,627
Avg. Annual Appreciation
4.21%
Original Mortgage
$746,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2002
Sold by
Rath Chorm
Bought by
Chlat Syprasert and Rath Cheik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2002
Sold by
Nuon Chan
Bought by
Rath Cheik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2002
Sold by
Chlat Syprasert
Bought by
Rath Cheik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
Sold by
Buntoum Suwan Piyaareemtum
Bought by
Buntoum Kham

Purchase Details

Closed on
Dec 24, 2001
Sold by
Plomma Nohan
Bought by
Buntoun Kham

Purchase Details

Closed on
Sep 28, 2001
Sold by
Plomma Bunchan
Bought by
Plomma Bunchan and Rath Chorm

Purchase Details

Closed on
Jan 15, 2001
Sold by
Chlat Syprasert
Bought by
Plomma Bunchan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.41%

Purchase Details

Closed on
Mar 18, 1996
Sold by
Liv Phloeun
Bought by
Chlat Syprasert and Rath Cheik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
9.87%
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
Lo Huok $995,000 Fidelity National Title
Chlat Syprasert -- Fidelity National Title Co
Rath Cheik -- Fidelity National Title Co
Rath Cheik -- Fidelity National Title Co
Buntoum Kham -- --
Plomma Bunchan -- --
Buntoun Kham -- --
Plomma Bunchan -- United Title Company
Plomma Bunchan $260,000 American Title
Chlat Syprasert $190,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lo Huok $746,250
Previous Owner Chlat Syprasert $206,500
Previous Owner Rath Cheik $206,500
Previous Owner Rath Cheik $206,500
Previous Owner Plomma Bunchan $208,000
Previous Owner Chlat Syprasert $152,000
Closed Chlat Syprasert $9,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $995,000 +3.1% $265 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $965,000 -- $257 / 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 $14,027 $1,077,018 $432,972 $644,046
2024 $14,027 $1,055,901 $424,483 $631,418
2023 $13,791 $1,035,198 $416,160 $619,038
2022 $12,953 $1,014,900 $408,000 $606,900
2021 $12,686 $995,000 $400,000 $595,000
2020 $5,854 $418,466 $128,450 $290,016
2019 $5,787 $410,262 $125,932 $284,330
2018 $5,562 $402,218 $123,463 $278,755
2016 $5,105 $386,602 $118,670 $267,932
2015 $4,912 $380,796 $116,888 $263,908
2014 $4,897 $373,338 $114,599 $258,739
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Theary Chhay

    West Blvd Realty

    (562) 537-5924

    26 Total Sales

    Theary Chhay
    Section Image

  • H

    Buyer's Agent in 2020

    Huok Lo

    Lifetime Realty Inc

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20141329

California Regional Multiple Listing Service (CRMLS)

APN: 7210-019-031

California Los Angeles County Long Beach 90806 Sunrise

1975 Lemon Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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