NOT LISTED FOR SALE

Estimated Value: $1,560,832 - $1,660,000

7 Beds
6 Baths
4,360 Sq Ft
$369/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $1,005,000 $231 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $9,698/month

3 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Wood Frame Window

About This Home

As of November 2017

6 unit building with 5 garages. Gated entry for 4 downstairs units and 2 units over 5 garages and laundry room. Landscaped and automatic sprinklers. Built in 1948. 3 miles from downtown and beach. Close to freeways and Blue Line.

Last Agent to Sell the Property

Victor Peterson

V P Properties License #00479099 Listed on: 08/15/2017

Last Buyer's Agent

Victor Peterson

V P Properties License #00479099 Listed on: 08/15/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,572

Year Built

  • Built in 1948

Lot Details

  • 7,497 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Fence is in average condition
  • Rectangular Lot
  • Front and Side Yard Sprinklers

Parking

  • 5 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,360 Sq Ft Home
  • Wood Frame Window
  • Window Screens
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Security

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

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 4 / E
  • Assessor Parcel Number 7209018016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $627
  • Gardener Expense $2,426
  • Insurance Expense $2,396
  • Pest Control $767
  • Professional Management Expense $3,600
  • Trash Expense $1,200
  • Water Sewer Expense $4,342
  • New Taxes Expense $14,400
  • Operating Expense $29,824
  • Gross Income $64,011
  • Net Operating Income $34,187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,572

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Inclusions: 5 of the units include the garages as part of the monthly rent.
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s), Window Bars
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 4342.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 2426.00
  • Parcel Number: 7209018016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.50
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Combination, Concrete Perimeter, Raised, Slab
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 767.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers On Side
  • Lot Size Sq Ft: 7497.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 627.00
  • Gross Income: 64011.00
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 64011.00
  • Insurance Expense: 2396.00
  • Laundry Income: 537.00
  • Net Operating Income: 34187.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 1
  • Number With Range: 6
  • Number With Refrigerator: 5
  • Operating Expense: 29824.00
  • Rent Control: No
  • Total Expenses: 29824.00

Tax Info

  • New Taxes Expense: 14400.00
  • Tax Block: E
  • Tax Census Tract: 5730.02
  • Tax Lot: 4
  • Tax Rate: 1.16
  • Tax Tract Number: Matson
  • Tax Annual Amount: 8572.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Samaha Joshua
Bought by
Migliazzo Patrick and Miglluzo Baylee
Current Estimated Value
$1,610,416

Purchase Details

Closed on
Jan 3, 2023
Sold by
Migliazzo 2002 Revocable Family Trust
Bought by
Migliazzo Properties Llc

Purchase Details

Closed on
Sep 8, 2017
Sold by
Marjak Roland F and Marjak Carol L
Bought by
Migliazzo Lawrence V and Migliazzo Patricia A

Purchase Details

Closed on
Mar 14, 2005
Sold by
Burt Lewis
Bought by
Marjak Roland F and Marjak Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.37%
Mortgage Type
Commercial
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
Migliazzo Patrick -- First American Title
Migliazzo Properties Llc -- --
Migliazzo Lawrence V $1,005,000 Ticor Title
Marjak Roland F $565,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marjak Roland F $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $1,005,000 +1.0% $231 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $995,000 -- $228 / 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
2025 $15,424 $1,145,846 $458,227 $687,619
2024 $15,424 $1,123,380 $449,243 $674,137
2023 $15,124 $1,099,112 $437,457 $661,655
2022 $14,655 $1,077,562 $428,880 $648,682
2021 $13,697 $1,056,434 $420,471 $635,963
2019 $13,502 $1,025,460 $408,000 $617,460
2018 $13,099 $1,005,360 $400,000 $605,360
2017 $9,224 $678,582 $360,309 $318,273
2016 $8,572 $665,278 $353,245 $312,033
2015 $8,241 $655,285 $347,939 $307,346
2014 $8,067 $630,000 $338,400 $291,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17188228

California Regional Multiple Listing Service (CRMLS)

APN: 7209-018-016