NOT LISTED FOR SALE

Estimated Value: $782,014 - $1,070,000

3 Beds
2 Baths
1,520 Sq Ft
$589/Sq Ft Est. Value

Last Sold September 18, 2018

Last sale price $560,000 $368 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,694/month

306 Days on Market

About This Home

As of September 2018

Great property in great area, lots of potential. Mild fixer, rents are under market. New roof on both building & updated electric throughout completed in Dec. 2017. Triplex with lots of upside potential. Property is located near shopping, bus stops, downtown. Three garages and ample room for more parking.

Last Agent to Sell the Property

Jacqueline Ann Collins

Millennium Real Estate Service License #01275204 Listed on: 09/27/2017

Last Buyer's Agent

Daniel Kor

TM Real Estate Brokers License #00916018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,311

Year Built

  • Built in 1923

Lot Details

  • 5,101 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,520 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 7261018014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $152
  • Professional Management Expense $1,800
  • Trash Expense $598
  • Water Sewer Expense $598
  • Operating Expense $3,148
  • Gross Income $40,800
  • Net Operating Income $37,652

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,311

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Cell
  • Other Phone Number: 310-809-3869
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 598.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7261018014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 368.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 598.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5101.00

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 152.00
  • Net Operating Income: 37652.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 3148.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 3148.00

Tax Info

  • Tax Census Tract: 5751.02
  • Tax Lot: 53
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2017
Closed on
Sep 10, 2018
Sold by
Scully Brandyn and Steen Olsen Erin
Bought by
Leang Bruce and Leang Michelle P
Seller's Agent
Jacqueline Ann Collins
Millennium Real Estate Service
Buyer's Agent
Daniel Kor
TM Real Estate Brokers
List Price
$625,000
Sold Price
$560,000
Premium/Discount to List
-$65,000
-10.4%
Total Days on Market
306
Current Estimated Value
$895,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,254
Avg. Annual Appreciation
6.44%
Original Mortgage
$392,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2003
Sold by
Scully Richard M and Scully Sue M
Bought by
Scully Richard M and Scully Sue M

Purchase Details

Closed on
Nov 4, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Scully Richard M and Scully Sue M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
4.25%

Purchase Details

Closed on
Oct 1, 1997
Sold by
Dodge David G and Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
4.25%
Source: Public Records

Similar Homes in the area

  • 1887 Saint Louis Ave, Signal Hill, CA 90755

    $1,090,000

    • 5 Beds
    • 3 Baths
    • 2,170 Sq Ft
    • 1887 Saint Louis Ave
    • Signal Hill, CA

    Cute, Charming, and Full of Character – Craftsman Duplex in Walkable Signal HillPeople can’t help but describe this property as cute and charming—and for good reason! This delightful Craftsman-style home sits in a highly walkable Signal Hill neighborhood, just minutes from the ocean, shops, and dining.The front house, built in classic Craftsman fashion, features 3 bedrooms and 1.5 bathrooms,

    Isadora Santos Think Boutiq Real Estate

    Section Image
  • 1871 Junipero Ave Unit A, Signal Hill, CA 90755

    $999,000

    • 4 Beds
    • 3 Baths
    • 1,818 Sq Ft
    • 1871 Junipero Ave
    • Unit A
    • Signal Hill, CA

    This property is located close to all amenities. There was some remodelling done in the past year or so. Quiet neighborhood. Great Investment Property.

    Arun Arya Shivam Realtors

    Section Image
  • 1085 Raymond Ave, Long Beach, CA 90804

    $898,880

    • 3 Beds
    • 2 Baths
    • 1,799 Sq Ft
    • 1085 Raymond Ave
    • Long Beach, CA

    GREAT PROPERTY at the heart of Long Beach with many shops close by walking distance and public transportation easily taken. Consisting of 2 separate houses and a separate garage parking building and yet 2 separate sizeable yard for each unit to use themselves makes this highly desirable. Can easily be owner occupied or rent it out to tenants eager for their own space with no attached walls.

    Chun Liu Keller Williams Coastal Prop.

    Section Image
  • 2513 E 11th St, Long Beach, CA 90804

    $699,000

    • 2 Beds
    • 2 Baths
    • 1,122 Sq Ft
    • 2513 E 11th St
    • Long Beach, CA

    Renovated Duplex with Old-World Charm & Modern Comforts – Prime LocationStep into a beautifully renovated duplex that blends timeless character with modern convenience. This charming property features original polished hardwood floors, deep vintage bathtubs, and a touch of old-world elegance throughout. Each unit includes its own laundry, ensuring privacy and ease for residents.The backyard is a

    Dominic Adams Keller Williams Realty

    Section Image
  • 905 Gardenia Ave, Long Beach, CA 90813

    $950,000

    • 4 Beds
    • 3 Baths
    • 2,100 Sq Ft
    • 905 Gardenia Ave
    • Long Beach, CA

    Fully-Rented Triplex Convenient to All of Long BeachDon’t miss the opportunity to own this fully-rented triplex at 905 Gardenia Ave. in Long Beach. The 2-bedroom, 1-bathroom front house has long-term (10+ years!) tenants, and is bright with a lovely fireplace in the living room. The kitchen has a farmhouse sink and stainless steel appliances. A laundry room suitable for a stackable washer and

    Shannon Jones Keller Williams Pacific Estate

    Section Image
  • 1463 Orange Ave, Long Beach, CA 90813

    $950,000

    • 4 Beds
    • 3 Baths
    • 2,194 Sq Ft
    • 1463 Orange Ave
    • Long Beach, CA

    Welcome to 1463/1465 Orange Ave, a charming and versatile duplex in the heart of Long Beach's Poly High District. With two spacious units totaling 2,194 square feet, this property is ideal for two families looking to live nearby while enjoying their own space, investors searching for dependable rental income, or house hackers ready to live in one unit and rent out the other.Each unit features two

    Mark King KRE8 Realty

    Section Image
  • 1035 Ohio Ave, Long Beach, CA 90804

    $969,500

    • 3 Beds
    • 2 Baths
    • 1,490 Sq Ft
    • 1035 Ohio Ave
    • Long Beach, CA

    Welcome to the endless possibilities at 1035 Ohio Avenue, Long Beach, CA. This property screams potential with its duplex setup, offering a wealth of options to maximize both space and investment. Nestled on a sprawling 6,489 square-foot lot, this home combines comfort with limitless opportunity. Step into the front unit, where 2 bedrooms and 1 bathroom provide a welcoming retreat. The extended

    Connor Moore COMPASS

    Section Image
  • 1107 Mahanna Ave, Long Beach, CA 90813

    $775,000

    • 4 Beds
    • 3 Baths
    • 1,695 Sq Ft
    • 1107 Mahanna Ave
    • Long Beach, CA

    Excellent value-add opportunity in the 90813 submarket of Long Beach, CA with significant upside in rental income. Close to Downtown (1.5 miles) and the California coastline as well (1.2 Miles). Unit Mix consists of one (1) 2BD/1BA unit, one (1) 1BD/1BA unit and one (1) detached 1BD unit.

    Patrick Swanson Pat Swanson

    Section Image
  • 1843 Cerritos Ave, Long Beach, CA 90806

    $1,087,990

    • 5 Beds
    • 3 Baths
    • 1,864 Sq Ft
    • 1843 Cerritos Ave
    • Long Beach, CA

    Welcome to 1843 and 1849 Cerritos Avenue, a charming duplex located in Long Beach, California. The front unit features 3 bedrooms and 2 bathrooms with 1184sqft of living space, and the 2 bedroom 1 bath is 680 sqft, providing ample space for comfortable living. The back unit is the 2 bedrooms and 1 bathroom, perfect for additional rental income or multi-generational living, it also has its own

    Celeste Castillo Century 21 Allstars

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Leang Bruce $560,000 Wfg National Title Company
Scully Richard M -- --
Scully Richard M $114,000 Investors Title Company
Home Svgs Of America Fsb $88,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leang Bruce $380,600
Closed Leang Bruce $392,000
Previous Owner Scully Richard M $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2018 09/18/18 Sold $560,000 -10.4% $368 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
09/27/2017 09/27/17 For Sale $625,000 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $8,311 $612,437 $475,734 $136,703
2023 $8,049 $600,429 $466,406 $134,023
2022 $7,560 $588,657 $457,261 $131,396
2021 $7,406 $577,116 $448,296 $128,820
2020 $7,388 $571,200 $443,700 $127,500
2019 $7,301 $560,000 $435,000 $125,000
2018 $3,248 $231,533 $105,240 $126,293
2017 $3,213 $226,994 $103,177 $123,817
2016 $2,992 $222,544 $101,154 $121,390
2015 $2,880 $219,202 $99,635 $119,567
2014 $2,875 $214,909 $97,684 $117,225
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17225165

California Regional Multiple Listing Service (CRMLS)

APN: 7261-018-014