NOT LISTED FOR SALE

2029 Lemon Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $828,000 - $921,621

3 Beds
3 Baths
1,155 Sq Ft
$757/Sq Ft Est. Value

Sale Details

Date Sold: August 4, 2020

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

Est. 25% increase in value since last sale

Current estimated payment $5,624 / mo

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

6,512 Sq Ft Lot

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

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
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)

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Elena Zhurbenko

    Berkshire Hathaway H.S.C.P.

    Section Image
  • Eric Lem

    Buyer's Agent in 2020

    Eric Lem

    Decorum Properties & Investments, Inc

    (949) 533-8269

    1 in this area

    26 Total Sales

    Eric Lem
    Section Image
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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

California Los Angeles County Long Beach 90806 Sunrise

2029 Lemon Ave, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) 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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