NOT LISTED FOR SALE

Estimated Value: $874,000 - $902,657

3 Beds
3 Baths
1,155 Sq Ft
$771/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $700,000 $606 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,366/month

55 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Wood Fence
  • Long Beach Polytechnic High School Rated A
  • Accessible Parking
  • 3-minute walk to Martin Luther King Jr Park

About This Home

As of August 2020

DO NOT MISS THIS EXCLUSIVE PROPERTY! Fully remodeled 3 units on oversized 6512 SF lot with 2 parking spaces of alley. Beautiful Craftsman bungalows triplex. Each unit 1 bed/1 bath, individually metered for gas and electricity and each unit with brand new tankless water heater. Tremendous upside on your investment, a great asset for your portfolio. Remarkable opportunity to move into 1 of the nicely remodeled units, while collecting rent from the other two units and build your Dream 2 bedrooms/2 baths with 2 car garage Home (ADU) in front of the lot, with Complete Set of Plans, SUBMITTED to the city. Take advantage of this unique property with new Roof on all three units, new electrical with new panels, new copper plumbing, new flooring, remodeled bathrooms and kitchens with new cabinets, counter tops, light fixtures, etc. Freshly custom painted throughout. Enjoy quiet, nice street, conveniently located couple of blocks from city college campus, minutes from the Beach, restaurants and shops on Pine Ave and Shoreline Village. Full set of plans can be seen.

Last Agent to Sell the Property

Elena Zhurbenko

Berkshire Hathaway H.S.C.P. License #01996696 Listed on: 05/04/2020

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Eric Lem

Decorum Properties & Investments, Inc License #01988183

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,512 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Home Design

  • Craftsman Architecture
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,155 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Assigned Parking

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 19 / B
  • Tax Tract Number 19
  • Assessor Parcel Number 7210022021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $8,125
  • Operating Expense $8,125
  • Gross Income $50,400
  • Net Operating Income $40,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Ad Number: Realtor
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7210022021
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 606.06
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Combination, Raised, Slab
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6512.00
  • Lot Size Acres: 0.1495

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 50400.00
  • Gross Scheduled Income: 51600.00
  • Lot Size Area: 6512.0000 Square Feet
  • Net Operating Income: 40300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 8125.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Block: B
  • Tax Census Tract: 5733.00
  • Tax Lot: 19
  • Tax Tract Number: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2022
Sold by
Jianying Gan
Bought by
Gan & Ma Living Trust
Current Estimated Value
$876,351

Purchase Details

Listed on
May 4, 2020
Closed on
Jun 26, 2020
Sold by
Chagon Manuel Antonio
Bought by
Gan Jianying and Ma Ying
Seller's Agent
Elena Zhurbenko
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Eric Lem
Decorum Properties & Investments, Inc
List Price
$649,000
Sold Price
$700,000
Premium/Discount to List
$51,000
7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$472,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2020
Sold by
Steuber Bernard W and Steuber Mikelle D
Bought by
Chacon Manuel Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 1997
Sold by
Steuber Bernard W and Steuber Loretta M
Bought by
Steuber Bernard W and Steuber Loretta M
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
Gan & Ma Living Trust -- None Listed On Document
Gan Jianying $700,000 Orange Coast Title
Chacon Manuel Antonio $420,000 Ticor Title Company
Steuber Bernard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gan Jianying $472,500
Previous Owner Chacon Manuel Antonio $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2020 08/04/20 Sold $700,000 +7.9% $606 / Sq Ft
05/04/2020 05/04/20 For Sale $649,000 -- $562 / 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 $9,776 $757,701 $324,729 $432,972
2024 $9,776 $742,845 $318,362 $424,483
2023 $9,609 $728,280 $312,120 $416,160
2022 $9,020 $714,000 $306,000 $408,000
2021 $8,842 $700,000 $300,000 $400,000
2020 $2,555 $170,927 $124,317 $46,610
2019 $2,526 $167,577 $121,880 $45,697
2018 $2,425 $164,292 $119,491 $44,801
2016 $2,240 $157,914 $114,852 $43,062
2015 $2,158 $155,543 $113,127 $42,416
2014 $2,161 $152,497 $110,911 $41,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20084213

California Regional Multiple Listing Service (CRMLS)

APN: 7210-022-021

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