NOT LISTED FOR SALE

Estimated Value: $1,037,000 - $1,269,702

3 Beds
3 Baths
3,424 Sq Ft
$348/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $986,000 $288 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,599/month

14 Days on Market

Highlights

  • Golf Course Community
  • Laundry Room
  • Bike Trail
  • Long Beach Polytechnic High School Rated A
  • Central Heating
  • 4-minute walk to Jenni Rivera Memorial Park

About This Home

As of December 2021

This Steal Will Not Last! Built in 2005! Biggest 2 unit property in Long Beach! 2 Large 2-Story Detached Units Built in 2005 (Total 3424 sf). Each Unit has 3 beds 2.5 Baths with Enclosed Loft Used as a 4th Bedroom. Attached 2 Car Garage, Rented at $2,600, Total Rent $5,200. Tenants Pay All Utilities Including Water. Compare the size and rents with other Long Beach units! Located Near Signal Hill Elementary School, Polytechnic High School, Long Beach City College, Martin Luther King Park, Swimming Pool, Library, Soccer field, American University Health Sciences Campus, Jenny Rivera Memorial Park! Located Minutes From the Beach, CSU Long Beach, Downtown Long Beach And All It’s Great Restaurants, Nightlife, Ocean Walkways, Queen Mary, etc!

Last Agent to Sell the Property

Luis G Sanchez

LUIS SANCHEZ, BROKER License #01465682 Listed on: 10/05/2021

Last Buyer's Agent

John Novak

Beach City Brokers License #01944583

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,368

Year Built

  • Built in 2005

Lot Details

  • 6,512 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,424 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 15 / D
  • Tax Tract Number 28
  • Assessor Parcel Number 7210028019
  • $580 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $100
  • Operating Expense $100
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,368

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 470000
  • Property Attached: No
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7210028019
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 287.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6512.00
  • Lot Size Acres: 0.1495

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6512.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 100.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5733.00
  • Tax Lot: 15
  • Tax Tract Number: 028
  • TaxOtherAnnualAssessmentAmount: 580.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Oct 19, 2021
Sold by
Ullah Mohammad S
Bought by
Chen Long and He Yang
Seller's Agent
Luis G Sanchez
LUIS SANCHEZ, BROKER
Buyer's Agent
John Novak
Beach City Brokers
List Price
$940,000
Sold Price
$986,000
Premium/Discount to List
$46,000
4.89%
Current Estimated Value
$1,190,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,176
Avg. Annual Appreciation
3.58%
Original Mortgage
$739,500
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2005
Sold by
Rath Phuong Narin and Rath Phuong Nancy
Bought by
Ullah Mohammad S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 12, 2005
Sold by
Youphon Som
Bought by
Morm Rem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 23, 2005
Sold by
Rath Phuong Narin and Rath Phuong Nancy
Bought by
Rath Phuong Narin and Rath Phuong Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 3, 2003
Sold by
Kamtan Malythong Holly and Morm Rem
Bought by
Phuong Narin and Rath Kim Huon

Purchase Details

Closed on
Jul 31, 1995
Sold by
Phuong Narin and Rath Kim Huon
Bought by
Kamtan Malythong Molly and Morm Rem
Source: Public Records

Range of Values:

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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
Chen Long $986,000 Stewart Title Of Ca Inc
Ullah Mohammad S $875,000 Fatcola
Ullah Mohammad S -- First American Title Co La
Morm Rem -- First American Title Company
Rath Phuong Narin -- First American Title Company
Phuong Narin -- First American Title Company
Phuong Narin -- --
Kamtan Malythong Molly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Long $739,500
Previous Owner Ullah Mohammad S $50,000
Previous Owner Ullah Mohammad S $650,000
Previous Owner Rath Phuong Narin $696,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $986,000 +4.9% $288 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $940,000 -- $275 / 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 $13,368 $1,046,350 $530,604 $515,746
2024 $13,368 $1,025,834 $520,200 $505,634
2023 $13,148 $1,005,720 $510,000 $495,720
2022 $12,345 $986,000 $500,000 $486,000
2021 $13,741 $1,104,686 $631,251 $473,435
2019 $10,860 $850,000 $425,000 $425,000
2018 $10,711 $850,000 $425,000 $425,000
2016 $8,053 $665,000 $332,500 $332,500
2015 $7,841 $665,000 $332,500 $332,500
2014 $7,935 $665,000 $332,500 $332,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21216344

California Regional Multiple Listing Service (CRMLS)

APN: 7210-028-019