NOT LISTED FOR SALE
6 Beds
6 Baths
2,016 Sq Ft
6,514 Sq Ft Lot

Sale Details

Date Sold: September 21, 2022

Last sale price $1,275,000 $632 Per Sq Ft

86 Days on Market

Highlights

  • Gated Parking
  • Fireplace in Bathroom
  • Side by Side Parking
  • Long Beach Polytechnic High School Rated A
  • Ground Level Unit
  • 3-minute walk to Martin Luther King Jr Park

About This Home

As of September 2022

2024 Lemon Avenue presents an opportunity for a purchaser to follow the lead of the long-term ownership in a value-add apartment complex located in the "Poly High" neighborhood of Long Beach. As consistent management, renovations, and turnover has provided a steady increase in income - and the property currently features a rent-ready vacancy - a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency.|6 Units Across 2 Structures - Built In 1922 - All 1 Bedroom + 1 Bathroom Units - 2,016 Gross Square Feet - Individually Metered for Electricity & Gas - Parking Lot In Rear - 5 Parking Spaces - Gated Access To Property - Corner Units (A, C, D, F) Remodeled in 2018-19 - 6,514 Square Foot Lot - LBR1N Zoning - One Vacancy As of 8/1/22.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 06/06/2022

Last Buyer's Agent

Marissa Mashburn

Marissa G. Mashburn, Broker License #01198531

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 6,514 Sq Ft Lot
  • Lot Dimensions are 50x130
  • East Facing Home
  • Gated Home
  • Back and Front Yard

Home Design

  • Bungalow

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 6 Bathrooms
  • Fireplace in Bathroom

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Side by Side Parking
  • Gated Parking

Location

  • Ground Level Unit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 7210-027-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

6,514 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 2016
  • Lot Acreage: 0.1495
  • Lot Dimensions: 50x130
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath, Dining, Gas Starter, Gas, Living Room
  • Appliances: Range, Oven
  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 632.44

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Uncovered, Side By Side, Gated
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 50.00
  • Assessed Improvement Value: 226498
  • Assessed Land Percent: 50
  • Assessed Land Value: 226498
  • Total Assessed Value: 452996
  • Assessor Parcel Number: 7210-027-011
  • Lot Description: Front Yard, Back Yard, Single Lot
  • Lot Size Area: 6514

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.88
  • Number Of Units: 6
  • Type Of Units: Standard

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

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

Closed on
Jun 8, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,098,792
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 3, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2022
Closed on
Sep 14, 2022
Sold by
Bought by
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
Marissa Mashburn
Marissa G. Mashburn, Broker
List Price
$1,275,000
Sold Price
$1,275,000
Views
9

Purchase Details

Closed on
Jan 10, 2022
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2013
Sold by
Bought by

Purchase Details

Listed on
Jul 10, 2012
Closed on
Dec 10, 2012
Sold by
Bought by
Seller's Agent
Vincent Cervantes
Freedom Homes
Buyer's Agent
Karen Anderson
Keller Williams Luxury
List Price
$409,000
Sold Price
$400,000
Premium/Discount to List
-$9,000
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 1995
Sold by
Bought by

Purchase Details

Closed on
May 3, 1995
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Stewart Title Of California
-- Stewart Title Of California In
$1,275,000 Old Republic Title
-- None Listed On Document
-- Accommodation
$180,000 Fidelity National Title
-- None Available
$422,000 Fidelity National Title Insu
$199,000 First Southwestern Title Co
-- Gateway Title
$99,500 Orange Coast Title
$105,000 American Title
-- --
-- United Title
-- United Title
-- United Title
-- --
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 $1,098,792
Previous Owner $402,000
Previous Owner $402,000
Previous Owner $45,000
Previous Owner $220,413
Previous Owner $263,000
Previous Owner $270,000
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
09/21/2022 09/21/22 Sold $1,275,000 0.0% $632 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,275,000 +218.8% $632 / Sq Ft
12/14/2012 12/14/12 Sold $400,000 -2.2% $198 / Sq Ft View Prior Sale
09/24/2012 09/24/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $409,000 -- $203 / Sq Ft
Source: The MLS

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
2025 $745 $1,326,510 $832,320 $494,190
2024 $16,956 $1,300,500 $816,000 $484,500
2023 $16,670 $1,275,000 $800,000 $475,000
2022 $6,276 $462,054 $231,027 $231,027
2021 $6,140 $452,996 $226,498 $226,498
2019 $6,054 $439,842 $219,781 $220,061
2018 $5,822 $431,224 $215,472 $215,752
2017 $5,760 $422,496 $211,248 $211,248
2016 $5,364 $414,212 $207,106 $207,106
2015 $5,157 $407,992 $203,996 $203,996
2014 $5,154 $400,000 $200,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-164893

The MLS
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